TaxMama

Donated Car Increased in Value

by TaxMama on March 9, 2010

Today TaxMama hears from Dawn in the TaxQuips Forum with a simple question. “I donated a vehicle to charity. The vehicle increased in FMV from the time I purchased it 14 years ago. I donated it for the use of the charity (not for resale). It’s a charity that uses vehicles in their daily activities. [...]

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Ask TaxMama Issue 542 – Poor Poor Purim

by TaxMama on February 26, 2010

Dear  ,
Let’s start with a quick reminder – if you want to take a deduction for contributions to Haiti on your 2009 tax return, you must make your contribution by February 28th.
Speaking of February 28th, that is also the last day to take the 2009 EA Exam. Those of you planning to sit for the exam…get [...]

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Five Tips for Taxpayers With Change of Address

by TaxMama on February 26, 2010

The IRS offers five tips for taxpayers who have moved or are about to move.  If you’ve changed your home or business address, make sure you update that information with the IRS to ensure you receive any refunds or correspondence from the IRS.

How to Change Your Address You can change your address on file with the [...]

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No Profit in Waiting For God

by TaxMama on February 26, 2010

After a major storm, a flood had overtaken the town. As the flood waters were rising, a man was on the stoop of his house and another man in a row boat came by.
The man in the row boat told the man on the stoop to get in and he’d save him.
The man on the [...]

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