A CPA recently wrote to TaxMama struggling with a problem. Her client got divorced and paid her ex-husband for half the value of the house he bought before they were married. Now this lady is selling the house. Doesn’t seem like much of a problem, does it?…
My friend announced that she and 300 co-workers found themselves facing unemployment, as their jobs were outsourced less expensively overseas. Companies tightening their belts often will eliminate employees and hire contract workers, whether directly (freelancers) or indirectly (overseas). Employees mean payroll taxes, workers compensation insurance, sick…
After paying taxes to the IRS and your state government, the last thing you want to think about is paying even more taxes. But homeowners across the country are facing increased property taxes as cities and counties are filing for bankruptcy and local governments are looking for…
This seems to be my week to work with people needing an offer in compromise (OIC). Why am I bringing up OICs when we plan to talk about estimated taxes? Because in order to cut any deal with the IRS, you must first be in compliance. You…
Moving can be fun—or stressful. Yeah, usually it’s stressful. In fact, during our first few years of marriage, my husband and I moved our residence three times and my office two or three more times. My husband said that if I wanted to move again, I…
In Fiddler on the Roof, Tevya fantasizes about what life would be like if he were a wealthy man. How many times have you thought, “If I had a million bucks, I’d be so happy—and I’d never have financial problems again”? Yet, you watch the…