Today TaxMama hears from Alice in the TaxQuips Forum, who tells us, “An artist lent his artwork for display in the premises. The art piece was lost or destroyed and the artist was paid as a result. Does that require a 1099 form to be issued?” Kri

Today TaxMama wants to discuss branding and your business. Dear Family, These days, practically everyone is in business, even if you have a job. The Internet has really brought home-based businesses into their prime. Speaking with a banker recen

Today TaxMama hears from Brad in Jacksonville, NC , who says, “I’ve been considering purchasing a (self-contained) motorhome/fifth wheel RV for use as lodging/office to use on my business travels. Can I write it off?” Dear Brad, Your TaxMam

Today TaxMama hears from John from Georgia, who is wary. “I run my network marketing business from home, but heard that taking an office in home deduction is a red flag to IRS. Help!” Well, John, you’re right to be concerned about the red flag.

Today TaxMama hears from Mike from Chicago, Il who is excited. “I won the lottery and paid taxes on the winnings. I want to give my mother $1 million out of my after tax winnings. Will she have to pay taxes on the $1 million again? Or just on any intere

Today TaxMama hears from Riki in New York with this concern. “I’m looking for specific advice on how to take control of a large post-holiday credit card balance.” Dear Riki , Actually, the best way to control post-holiday card balances is to

Today TaxMama hears from Jon in the TaxQuips forum who says, “I applied for SSDI in Jan. and have been turned down twice. I have requested a hearing which may be another 6 to 9 months. How is one to survive while waiting on the government? My claim is b

Today TaxMama hears from Jacqueline in the TaxQuips forum with this interesting question. “I own several acres of raw land. Several years ago a developer began to pay me a yearly amount for 4 years (as an option to purchase the land for a set price). I

Today TaxMama wants to talk to you about ways to get help when you are in tax trouble, as a result f a desperate plea from a fellow named Jon. Dear Family, Reading some of the problems people bring to me can be heartbreaking. I spent a couple of de

Today TaxMama wants to talk to you about strength of spirit – and overcoming adversity, no matter what. Dear Family, This morning I’ve been distracted by Renée Firestone. The most recent edition of the USC Shoah Foundation’s PastForward has