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TaxMamas TaxQuips

Daily tax and small business podcast with tax and small business news tidbits covering investment, inheritance real estate and more

  • Repaying Social Security

    Today TaxMama hears from Barb in San Diego who asks. If I return my Social Security payments that I have previously paid income tax on, can I get a refund of those taxes on returns filed more... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Offshore Income

    Today TaxMama hears from Mark in Florida who asks. I live overseas in Oman. I am selling property in Mexico. If I have the proceeds wired to my bank in Oman do I have to pay IRS capital... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Depression Mentality

    Today TaxMama hears from Helen in Texas with this concern. Can I take my 401(k) investment money out of bank investments and put into a credit union without paying taxes? If so how do I go... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Where to Invest

    Today TaxMama hears from Mabel in Georgia with this tale of woe. After 25 years of marriage I will receive $80,000 from my exs retirement account via a QDRO. With the economy like it... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Dump Tax Debt

    Today TaxMama hears from Bill in Nevada who tells us. I have a tax lien from year 2000. This was a debt that was awarded to my ex in our divorce. At the time of divorce the debt was around... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Goodwill Donations

    Today TaxMama hears from Mary in Illinois who tells us. I have donated several items to Goodwill. Is there a website where I can go to see how much the IRS allows for deductions for specific... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Fall Filing

    Today TaxMama hears from Pam in Texas who has lots of questions. How many people file this late in the year? Can I still e-file my 2007 return. Will there be any red flag problems?... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Double Dipping

    Today TaxMama hears from George in Texas who has a bet going. If someone is assigned to work on an offshore oil rig, where all meals and housing are obviously provided, can that person still... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Cost Segregation

    Today TaxMama hears from Kim in Indiana who tells us. My father is building a service center to do auto body repair work. The building is quite expensive. What kind of deductions can we get... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • My New LLC

    Today TaxMama hears from Stephanie in North Carolina who tells us. I have an LLC and do not yet have a business account opened. I have received a check that is payable to Stephanie... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Deducting an Investment

    Today TaxMama hears from Jerry in Utah with a bold question. My wife and I have a profitable LLC. We want the LLC to invest in a private offering with the intent of generating income from the... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Retirement Credit

    Today TaxMama hears from Cindy in Kansas with an enterprising idea. I understand that enrolling in an IRA gives an additional tax credit; I have not done so as of yet. Would rolling over a... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Overseas Loan

    Today TaxMama hears from Camilla in Georgia who is concerned. My sister is wiring money to me from oversea as a loan, so I can buy a house. Do I need to report it? And more importantly to pay... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Marriage License

    Today TaxMama hears from Jerry in California who asks, Do you need to attach a marriage license when filing a joint federal or state tax return? Dear Jerry, What an unusual... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Claiming Niece

    Today TaxMama hears from April in Kentucky who tells us, My boyfriend has lived with me since Feb 2008. He has supported the household, and also my niece, who lives with us and I have legal... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Expensive Part B

    Today TaxMama hears from Judy in Iowa who is perplexed, I recently retired and have Medicare part B. I am being charged the high premium for part B because of my husbands earnings,... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Not a 1099

    Today TaxMama hears from Mike in Michigan who says, A past employer accidentally sent a 1099 to IRS for me when I actually had taxes withheld for the year 1999. Of course the IRS wont... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • TaxMama s Tax Quips Handicap Deck

    [note: TaxQuips will be on hiatus for a week, while TaxMama attends the IRS Tax Forum. Be back next Monday.] Today TaxMama hears from Carrie in Vermont who says, I have a handicapped son.... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Paying Artists Overseas

    Today TaxMama hears from Barb in Kentucky who tells us, I have a client that is hiring artists from Japan Italy on a subcontracting basis. Is there any special thing that I need to be... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Old Corporation

    Today TaxMama hears from Peter in Ohio who says, I started a corporation four years back and never got around to using it. I never filed anything because it was never in use. Do I need to file... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.