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11 Aug 2011, 6:10 am
In your case, you have a number of options: 1) You can write a formal note (loan) to address your borrowing, showing a proper interest rate and repayment terms – and do pay the interest each year! [read post]
16 Jun 2010, 6:06 am
One woman says she was disqualified because she was deducting mortgage interest on an RV as a second home. [read post]
8 Mar 2011, 6:01 am
Rita Lewis, an Enrolled Agent in CT explains that you do not report your child’s unearned income on your tax return unless it consists of only interest, ordinary dividends, &/or capital gain distributions. [read post]
5 Jun 2012, 5:17 am
Ask TaxMama :: Where taxes are fun and answers are free TaxQuips :: The number ONE free tax podcast online TaxQuips Forum :: When you can ask questions, too TaxQuips Forum :: Where you can add your comments, too File Download (0:00 min / 3 MB) [read post]
2 May 2011, 5:48 am
d) To pay any penalties or interest caused by their incompetence. [read post]
13 Feb 2012, 5:07 am
” Hi John Interesting about the different treatment. [read post]
28 Feb 2011, 6:18 am
And since she can already deduct the full property taxes and mortgage interest? [read post]
15 Dec 2009, 6:26 am
Your question is interesting. [read post]
17 Jun 2009, 6:15 am
There is a way out IRS Teleseminar :: Tax Consequences of Canceled Debt File Download (0:00 min / 0 MB) [read post]
12 Dec 2011, 5:51 am
You add half your SS benefits to all your income, including your tax-exempt interest. [read post]
15 Oct 2012, 6:29 am
You will save a big chunk of penalties and the interest on the penalties. [read post]
23 Jun 2011, 9:52 pm
It has since been up to the approximately 7,000 remaining credit unions to take on some of the loans, while charging higher interest rates to stay in operation. [read post]
6 Oct 2010, 5:51 am
Deductions against rental income include mortgage(s) interest, property tax, property insurance, repairs, etc. [read post]
16 Apr 2012, 6:29 am
But interest continues. [read post]
2 Mar 2011, 6:19 am
If it’s a loan, there should be a formal note, spelling out the interest rate and the payback schedule. [read post]
7 Jan 2010, 6:08 am
Ask TaxMama :: Where taxes are fun and answers are free www.TaxQuips.com :: The number ONE free tax podcast online File Download (0:00 min / 0 MB) [read post]
23 Jul 2010, 5:41 am
Ask TaxMama :: Where taxes are fun and answers are free www.TaxQuips.com :: The number ONE free tax podcast online File Download (0:00 min / 3 MB) [read post]
8 Jan 2015, 7:12 am
It could be in UPPERCASE LETTERS (POM), lowercase letters (pom), use sỹmbổls (pổm), ANY FONT (POM) or any other distinguishing characteristic. [read post]
12 Apr 2010, 5:10 am
Small Business Taxes Made Easy http://taxmama.com/small-business-taxes-made-easy/ However, 2008 is already late and accruing interest as well as penalties, if you owe. [read post]
1 Dec 2009, 6:05 am
Not only do you have to report the sale that took place in 2009, you will also to report the interest and principal you receive each year. [read post]