TaxMamas TaxQuips: Tax Quips
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How to Use TaxMama.com
Today TaxMama wants to give you some tips on how to use www.TaxMama.com . Dear Family, There is a remarkable amount of tax information, articles and research material on the World Wide Web. Much of it is free. Things that used to cost $3,000 per ye
Just One Room
Today TaxMama hears from Charles in the TaxQuips Forum. He tells us “I am going to rent my second home to some people starting in June. It will have some furnishings that we will allow them to use. Our personal property that we don’t want them to us
Renting Out Rooms
Today TaxMama hears from Bloomers in the TaxQuips Forum. She is renting out the rooms in her 5-bedroom house. Bloomers asks. “What are the laws for renting out rooms? If the amount I am making in rent every month, on average, does not amount to the to
Tell It To IRS
Today TaxMama wants to talk to you about the plethora of new laws, tax confusion, IRS inconsistency – and how you can do something about it. http://taxmama.com/forum/taxquips/tell-it-to-irs Dear Family, When you are a taxpayer with a problem, o
IRS Problem Resolution Day
Today TaxMama wants to give you some pointers on how to use the IRS Open House days effectively. People write to us with IRS problems all the time. I wish I could solve them all for you. But, generally, the only way to solve your problem is for you to tak
Non-Profit Updates
Today TaxMama wants to give you some updates on exempt organizations that may affect you. Dear Family, It’s surprising how many people are involved with non-profit organizations without really paying attention to the tax filing requirements. And
Fostering Unemployment
Today TaxMama hears from Lisa in Virginia. She tells us, “I have spent the last 4 years as 1099 contracted foster care provider. The contract was a signed contract renewed every six months; the current contract expires 6-30-10. Our live-in individual (c
Michigan Wants Money
Today TaxMama hears from Rick in Maryland. He has a problem. “I am a partner in a C Corp based in Michigan and live in Maryland. I have been paying state taxes in Maryland but not paying Michigan state tax. Michigan contacted me this year requesting th
Unemployment Strategy
Today TaxMama wants to discuss unemployment issues. Too often I learn during tax season, that a client didn’t work and didn’t collect unemployment insurance, or other compensation to which they were entitled. This especially true of folks who are not
4 Unit Apartment
Today TaxMama hears from Tom in the TaxQuips Forum who wants to know. “Does anyone know if there are any tax breaks if the owner lives in one of the units of a 4-unit apartment building? The owner moved into the unit after 5 years of owning the buildin