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Poor Senior Tax Planning
Today TaxMama brings up her own concern about the way seniors and those who care for them are not taking care of their tax issues. These are the three issues – deducting medical care and knowing what...
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Senior Sound Of Music
TaxMama adapted some of these. I challenge you to add your own lyrics or stanzas. Sung to the tune of…you know… Maalox and nose drops and needles for knitting, Walkers and handrails and new dental...
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NO NURSING HOME FOR ME!
About two years ago my wife and I were on a cruise through the western Mediterranean aboard a Princess liner. At dinner we noticed an elderly lady sitting alone along the rail of the grand stairway in...
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Ten Facts about IRS Volunteer Tax Assistance
Taxpayers looking for free basic income tax preparation assistance may qualify for IRS sponsored community-based, volunteer tax return preparation programs. Here are the top 10 things the IRS wants you...
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Selling Baseball Cards
Today TaxMama hears from Richard in the TaxQuips Forum who tells us. “My family is selling my father’s baseball card collection. We are expecting to receive approximately $20,000. If the buyer writes...
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SB 924: The Bill That Ended Physical Therapy Benefits For CA Seniors
This is a plea from Chris Reed, who is asking for your help. Family, Friends, Current and Former Patients, Many of you know that I have become heavily involved in the politics of my profession. I am...
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Senior Divorce
An elderly man in Miami calls his son in New York and says,” I hate to ruin your day, but I have to tell you that your mother and I are divorcing; forty-five years of misery is enough.” “Pop, what are...
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Reverse Mortgages
Today TaxMama® hears from Dave in the TaxQuips Forum, with this question. “How do we deduct interest on a reverse mortgage?” Dear David. You don’t. In a reverse mortgage, the homeowner isn’t...
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Reflections and Giving Thanks, I Think
THE SENILITY PRAYER God grant me the senility to forget the people I never liked anyway, the good fortune to run into the ones that I do, and the eyesight to tell the difference. Now that I’m ‘older’...
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