This article was written by guest blogger Eva Rosenberg. A couple of months ago, someone wrote to TaxMama®, utterly shocked when he got his W-2. Early in the year, his company had relocated him from his home state to a different state. Somehow, the payroll department never changed his state withholding to his new location. [...]
The sweetest 90-year-old lady has been my client for years. She meticulously summarizes her potential itemized tax deductions and gives me a detailed list. But I can’t use a bit of it on Schedule A when I’m filing taxes. Why? Her standard tax deduction far exceeds any itemized tax deductions she could possibly generate. What [...]
“Stay away from that. It’s a major red flag!” That’s what I keep hearing from people as they’re filing taxes. “Oh no, I don’t want to risk an audit. Not on my return—no office-in-home deduction for me.” Don’t be silly. Practically everyone is working from home these days. Thanks to special new security precautions and [...]
I'm off this week! Enjoy an encore presentation from the March 11, 2012 Ilyce Glink Show. With plenty of resistance from the Federal Housing Finance Agency (FHFA), the question this week when we consider real estate 2012: will banks finally mark to market? Is principal reduction finally on the way for struggling homeowners? And as [...]
When buying a home, building a new home, or remodeling an existing home, keep in mind design concepts that make your home welcoming for everyone, regardless of age or ability. You may find that such inclusive concepts, dubbed “universal design,” make sense both socially and for your budget. Universal design holds that new environments and [...]
Foreclosure news February 2012 from CoreLogic indicates a decrease in completed foreclosures versus January of this year. However the housing market crisis continues for many homeowners as indicated by the numbers of homeowners who are falling behind on their mortgage loan payments. This week, housing market analytics provider CoreLogic released a report on foreclosures for [...]
Mounds and mounds of papers and files are all over my desk, overflowing to the cabinet behind me, onto the couch, and taking over the floor, with even more boxes streaming into the hallway. The piles are multiplying—they’re spreading to block the front door! Do you ever have this nightmare when you think of your [...]
When it comes to money, some people are savers and some are investors. (Then there also are some who are neither, but that is another post.) If you have always been a saver, becoming an investor can be a scary proposition. The first step in this process is to flip that switch from saving money [...]
The 2012 tax season is in full swing. My guests this week include Enrolled Agent and owner of Brookwood Tax Service, LLC, Chet Burgess, Merry Brodie, an Enrolled Agent and owner of several Jackson Hewitt Franchises in the Atlanta area, and Bill Nemeth, an Enrolled Agent who is president of the Georgia Association of Enrolled Agents. [...]
Have you ever reached that point in a diet when you’re eating all the right things and getting regular exercise, but your weight loss plateaus anyway? Changing up the way you think about your eating habits and trying something new can jumpstart your weight loss. As we’ve talked about before, dieting techniques can be applied [...]
