When I discussed the best cell phone service for deaf or hard of hearing people I mentioned that my brother was deaf (yes, I know Sign Language). So, whenever I hear something about deaf life or culture I have more than a general interest. So, thanks to Kay Bell of Don’t Mess with Taxes for… Continue Reading
Category Archives: Taxes
Writing the IRS in Response to Increase in Income due to 1099-C – Five Rules when Replying to the IRS
As I previously posted about, I learned that, Cancellation of Debt is Taxable Income, when my brother received notice that a creditor he had settled with 2 years ago filed a 1099-C for a deduction for Cancellation of Debt. Luckily he has a brother who is nice and is willing to do research for him.… Continue Reading
Cancellation of Debt May be Taxable Income
I learned a very interesting lesson today that I thought I’d share with everyone. It is not a new lesson in fact I remember it from Federal Income Tax class but haven’t heard about it in years. It was years, until my brother grabbed me in between my 8th and 9th beer on the 4th… Continue Reading
Tax Mechanics of Intra-Family Loans
This post was inspired by a post titled, “Lending Money to Family and Friends” on a great blog fivecentnickel. It was written by Laura from Green Panda Tree House. What are the Tax Mechanics of an Intra-Family Loan? Let me say this first: This is not a post about whetherone should make loans between family… Continue Reading
Credits, Deductions, Oh My! Summary of Recent Income Tax Changes
I was doing research on the recent changes in income taxes for one of the planners at my office, and I came across one of the coolest sites summarizing the changes (that is if you can describe any kind of tax stuff as “cool”). I am only going to highlight those income tax changes in 2008… Continue Reading
Meeting my CPA Tomorrow What Should You Bring when Meeting to do Your Taxes
Well technically, since I am writing this post-12am on Sunday night/Monday morning it is today, but lets ignore that for now. Weather permitting (anyone else out there on “the island” getting nailed by snow?), the Wife and I are meeting with our accountant/CPA that was recommended by a co-worker, and I need to figure out… Continue Reading
