Today TaxMama® hears from KW who is selling his former residence. He wants to know if the residence he bought in 1991 and converted to a rental in 2007 still qualifies for the personal residence exclusion of $250,000?
TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. This is open mic time – ask anything you want and we’ll all do our best to help you. Please mark your calendars! It meets at 8:05 […]
The #IRS just sent out this alert about the latest #scam – this letter is NOT from the IRS. Please tell your friends and clients – pass this on. OLD SCAM, NEW TWIST: Thieves use often change tactics to get hold of your information and money. #IRS urges you to stay alert. www.irs.gov/alerts Scams may come […]
IRS YouTube Videos: Individual Taxpayer Identification Number – English | Spanish | ASL WASHINGTON — With more than 2 million Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2018, the Internal Revenue Service today urged affected taxpayers to submit their renewal applications soon to beat the rush and avoid refund delays next year. In the third […]
Intro paragraph: Employers – PLEASE PAY ATTENTION NOW! You can no longer get away with treating employees as freelancers. Aside from several recent court decisions, there are too many ways for your employees to turn you in to the IRS and state authorities. After all, if the employees don’t want to pay YOUR half of the […]
NEWS FLASH! Don’t panic. Breathe – you get one more day #TaxDay – because the IRS system was down today http://www.cpapracticeadvisor.com/news/12408362/irs-adds-one-day-to-tax-deadline-now-april-18-2018 Today is the tax return (or extension) filing deadline. The IRS’ entire electronic system is DOWN! Keep an eye on this page to see when it goes back up. Meanwhile, you cannot efile your […]