| TaxMamas TaxQuips: Tax Quips |
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| 1. |
Qualifying Daughter |
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Today TaxMama hears from Laura in the TaxQuips Forum, with these two common issues. “(1) My daughter turned 24 in December of 2009. During the entire 12 months of 2009 she attended school full-time; did not work; earned 0 income; and will not... |
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| 2. |
Real Estate Dealer |
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Today TaxMama hears from David in the TaxQuips Forum, who defines a dealer in real estate as someone who sells a single property for profit, as long as the intent to act as a dealer to real estate is present.”
Dear David,
You tell us that... |
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| 3. |
Gain on Real Estate |
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Today TaxMama hears from Toni in the TaxQuips Forum, who tells us. “I’m doing my own partnership taxes and am confused about entering information. In 2009, I bought, fixed up and sold 2 properties. [and Toni adds lots of details. ] I’m... |
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| 4. |
Selling Inherited Home |
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Today TaxMama hears from Jami from California in the TaxQuips Forum, who has this question. “My aunt left me her condo and I have to sell it. The deed passed to me a week after I turned 55. Will the 55 & over real estate rule apply to me when... |
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| 5. |
Loss on Surrender |
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Today TaxMama hears from Karla in the TaxQuips Forum, with this question. “Is the loss on surrender of life insurance deductible on 1040?”
Dear Karla,
It’s not clear why you would have a loss when you surrender a life insurance... |
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| 6. |
Is This Taxable Income |
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Today TaxMama hears from Karen in California in the TaxQuips Forum, who tells us. “My father died from lung cancer that was determined to be caused by job conditions. My brother and I may be receiving a one-time survivors benefit compensation... |
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| 7. |
Tax Cuts for Wage Earners |
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Today TaxMama hears from Chris in the TaxQuips Forum, who puts out a challenge to TaxMama. He says, “Tax mama has advice for business owners. But how does an individual get more money on their paychecks?”
Dear Chris,
Goodness have... |
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| 8. |
Same Sex Yo-Yo |
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Today TaxMama wants to discuss a tax issue that will affect tax preparers, certain taxpayers – and perhaps your friends and relatives around the country. Same-Sex marriage. Please don’t turn away because the topic is odious to you. You... |
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| 9. |
New IRS Rules for Tax Pros |
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Today TaxMama hears from Bill in the TaxQuips Forum, who is angry “I don’t want to pay a fee nor spend my time and money on exams and continuing education that I do not choose. I spent my money going through H&R Block tax courses and subscribe... |
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| 10. |
Inheriting vs Gifting |
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Today TaxMama hears from Terri in the TaxQuips Forum, with an delightful problem to have. “What is the best way to reduce the tax consequences of inheriting land? The person inheriting the land is not related to the owner. He could possibly marry... |
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