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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

  • Receiving Foreign Gifts

    Today TaxMama hears from Barbara in Oregon who has a question. My parents (non US citizens) have sold their property in Argentina to an American. They asked him to transfer the $32,000... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Release IRS Lien

    Today TaxMama hears from Gina in MD who tells us. I have a tax lien that is over 10 years old. How can I remove it from the court records? It is not attached to my home and it has been file... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Tap IRA Tax-Free

    Today TaxMama hears from Lea in NY who wants to know. You mentioned somewhere that its possible to get money from my IRAs tax-free, instead of paying about 40% in taxes and penalties... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • S Corp Charity

    Today TaxMama hears from Diane in Florida whos very generous. My friend and I have an LLC. We elected to be treated as a sub chapter S Corp. We plan to donate 50% of our... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Filing Corp Late

    Today TaxMama hears from Lori in Illinois whos trying to catch up. I started an S corporation last year . My attorney/ accountant friend advised me that I could skip the first round... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Preparing Offer in Compromise

    Today TaxMama hears from Michael in AZ whos grousing. According to the IRS I owe over $10,000 dating back to 2000. I recently filed 2003-2007. My files show, before penalties and fees,... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Deducting My Dog

    Today TaxMama hears from Chris the dog lover who says. I was wondering if you have advice on your site about blogging and what you can write-off. I was told if I Blog about my dog and... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • IRS Lost My Appeal

    Today TaxMama hears from Bernie in Georgia whos upset. I filed an offer in compromise that was rejected. I prepared an appeal and took it to the IRS office, who stamped it received. ... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Saving My Home

    Today TaxMama hears from Chris in NY. In the terrible real estate market, we havent been able to sell our house. But someone contacted us who wants to rent most of it. The rest we... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Post Office Box

    Today TaxMama hears from Lori in Illinois whos puzzled You helped me last year to identify business expenses related to my business. Thanks! But you also recommended opening a PO box... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Non Profit Interest

    TaxMama s Tax Quips Non Profit Interest 6/19/08 Thursday Today TaxMama hears from Roger in North Carolina who needs to know If a Non-Profit Organization (501C3) has a... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Destructive Divorce Fees

    Today TaxMama hears from Jan in Michigan who tells us Im recently divorced. Can I deduct any of my legal fees on my 2008 tax return? Dear Jan, Generally, divorce... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Condo Condolences

    Today TaxMama hears from Melissa in Florida with this problem. I paid a deposit and rate lock fee on a pre-construction condo on the Miami River in Oct 04. Closing is due in June 2008. I... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Gasoline Prize

    Today TaxMama hears from Terry in Arkansas whos angry. Last week my employer offered a prize of gasoline coupons to employees who would fill out the annual employee opinion survey. I... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Stimulus Question

    TaxMama s Tax Quips Stimulus Question 6/12/08 Thursday Today TaxMama hears from Douglas in Massachusetts who wants to know. If a person has no income and does not collect... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Shared House

    Today TaxMama hears from Maureen in California who says. I own a house with my 2 sisters equally since 2002. They want to buy my share out because I am getting married. Will this amount be... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Sole Proprietor

    Today TaxMama hears from Kathy in Florida who tells us. My husband currently works under the table. We declare his total income and are subsequently hit every year with owed... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Relationship Doubts

    Today TaxMama hears from Kevin in California who asks. I know California isnt a common-law state. But are there any other tax issues that I need to be aware of if I decide not to get... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • His and Her Homes

    Today TaxMama hears from Steve in Illinois with a long-distance marriage. My wife and I work in different cities 100 miles apart. Out of necessity we have had to own two homes. We live in... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.

  • Teen Withholding

    Today TaxMama hears from Tia in Michigan who tells us. Im 17 years old with a job at Burger King. How much money is taken out of my check due to taxes? Dear Tia,... If you were subscribed to TaxQuips, you'd be able to get your own questions answered, too.