September 20, 2012
by mnmobiletax
Comments Off on Where do I deduct?

Where do I deduct?

I gave $10,000 each to my three grandkids. I was told that I should be able to deduct this. Where do I deduct it? Answer: You don’t. Gifts to individuals, regardless of who they might be, are not deductible at … Continue reading

September 20, 2012
by mnmobiletax
Comments Off on Do we have to claim it?

Do we have to claim it?

My wife is primarily a stay at home mom but she did have a part-time job for a little while. She only made about $500. Do we have to claim this income when we file or can we ignore it … Continue reading

September 18, 2011
by mnmobiletax
Comments Off on Yes, Virginia, There Is an Income Tax

Yes, Virginia, There Is an Income Tax

Question:  A friend showed me a video on the internet that says that the income tax is unconstitutional.  Is it? Wayne’s Answer:  No, of course not.  Article 1 Section 8 of the US Constitution states that “The Congress shall have … Continue reading

Identity Design by Ponder & Sketch

Top