Unused Corporation
Today TaxMama hears from Luz in California with this problem. “I opened a corporation in 2001 but I never used it. I never filed tax returns. I didn’t even know how it works! Now I just learned that...
View ArticleShort Sale, Now What?
Today TaxMama hears from Toki in the TaxQuips Forum, with a problem, “I bought my house in 2005 and it is now upside down. I decided to try and have my loan redone and got shafted out of $4,000, having...
View ArticleTaxMama’s Tax Roundtable – February 2011 Session
Note: TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. Don’t you wish you were here?...
View ArticleInsolvency and COD
Today TaxMama hears from Katherine in the TaxQuips Forum, who gets it. “I settled a debt today and am doing a list of assets and liabilities. My question is about assets “Interest in a pension plan.”...
View ArticleTaxMama’s Tax Roundtable – March 2011 Session
March 17, 2011 TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. REPLAY today’s session...
View ArticleDebt Negotiation
Today TaxMama hears from Robert in the TaxQuips Forum, with a painful issue. “I am considering working with a company that will hopefully negotiate my debt. It will involve stopping payments to...
View ArticleLegal Fees on Cancelled Debt
Today TaxMama hears from Carole in the TaxQuips Forum, with this interesting question. “Can a person deduct legal fees paid to lawyers that negotiated their debt (both personal & business credit...
View ArticleTaxMama’s Tax Roundtable – April 2011 Session
TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. REPLAY today’s session below – you...
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