Today TaxMama hears from Taylor in the TaxQuips Forum, with a common dilemma. “My clients just moved back from Australia. They don’t have any credit established in USA. I recommended that Mom purchase the home with the mortgage loan will be in her n

Today TaxMama hears from George in the TaxQuips Forum, with an interesting question. George asks, “Has there been any further guidance on the IRS Memo # 200911007 (dated 11/24/2008; released 3/13/2009) relative to applying the $1 million limit per prope

Today TaxMama hears from Mike in the TaxQuips Forum, with a terrific question. Mike says, “My employer has asked me to look into finding out what is necessary to create a Tuition Assistance Program. I read through Pub 970, and all I could find was that

Today TaxMama wants to tell you about the upcoming tax holidays in your neck of the woods. Dear Family, Although it still feels like summer to you, your state and retailers are geared up for getting your children back to school. Each year, around t

Today TaxMama wants to speak to you about your credit score and how fix it and raise it. Dear Family, These days, many people are in financial distress, some due to circumstances totally out of their control – like totally sound companies going u

Today TaxMama wants to speak to you about how to gain a better understanding of your investments, and money – and perhaps their relationship to your taxes. Dear Family, My first tip is for the sophisticated investors among us. Never leave short

Today TaxMama hears from Tim in the TaxQuips Forum. He tells us. “I’m a career military guy and bought a house in 1994. In 1996 we were transferred and turned the property into a rental house. Over the first few years of this period I depreciated the

Today TaxMama wants to talk to you about a two IRS interest rates that are important for you to understand. Dear Family, IRS just released the latest AFR report for August 2010. AFR stands for Applicable Federal Rate. These are meant to be the lo

Today TaxMama wants to talk to you about estimated tax payments. I’ve been getting several questions about that topic from a variety of sources lately. So let’s make it easy for you. OK? Dear Family, First of all, do you really think it’s re

Today TaxMama wants to talk to you about feeling helpless in the face of encroaching laws and rules. In the course of what I do and what I write, I encounter ever more legislation and more complex procedures constricting our lives. And people. Sometimes t