Tax season is in full force. Lots to do to meet next week’s filing deadlines (see below, or here http://taxmama.wpengine.com/tax-calendar-2010/ ). Remember to change your clock Saturday night, or you will be late for everything on Sunday. (Huh! Didn’t Daylight Savings Time used to come in April?)
People are sending me LOTS of questions about TaxMama’s EA Exam Review Class. Please read the note below, under EA Exam Review Class. The early bird discount for the class ends on March 16th – sign up now – or forever pay more.
Mark your calendar. March 18 – 8:00 am – 9:00 am Pacific
TaxMama’s Tax Roundtable for all Family Members and EA Exam Students
Bring your questions – it’s open mike time, just for you.
Information will be in the Family Member Resource Center next week.
We’ve lost Charles Rangel – resigned as chairman of the House Ways and Means Committee. The House Ethics Committee didn’t pressure him because of his tax reporting scandal. Nope, the Ethics Committee is upset about trips he accepted. Go figure! Rep. Sander Levin, D-Mich., will succeed Rangel as chairman. I wonder how this will change the balance of power on that most powerful of committees? Our tax legislation runs through here before being sent to the House floor for voting. Or it never gets past their door.
We still have no legislation on the estate tax, the Jobs bill, or healthcare. At least we’re getting closer to getting the Jobs Bill – it passed the Senate yesterday. It still needs to be passed by the House and signed by the President. Don’t hold your breath. The House still wants to make changes.
Of course the Credit Bill become effective recently, as you may have noticed from the flurry of mail you’ve gotten from your credit card company, with all the new terms. The intended protections on your behalf have been pre-empted by advance chances by the credit card issuers. You need to know more about your rights – and pitfalls.
AccountingWeb.com has a special series this week about credit, credit cards and merchant accounts. You’ll even find an article by TaxMama providing some guidelines and valuable resources.
This week TaxMama’s TaxWatch talks about withholding, how to pay your taxes and…look for the TaxWatch column tonight.
In IRS News today you will FINALLY be able to learn if you got an Economic Recovery Payment! IRS Outlines Additional Steps to Assist Unemployed Taxpayers and Others. They add Saturday hours in select locations, too.
In today’s Money Funny we see what jury members have to hear when they sit in that jury box. Since I am scheduled for Jury Duty shortly after tax season, this is especially meaningful to me.
In TaxQuips this week we learn about unfiled returns, paying balances due; how to file when a married couple lives and works apart – in two different states; what to do when you donate a vehicle that went UP in value; and whether you can draw $10,000 from your IRA to pay for building a new home.
As always, we love your feedback, opinions and ideas.
You are what makes all this fun – and interesting!
Please use the Comments link online.
Hugs from your favorite TaxNerd,
Eva Rosenberg, EA
Your TaxMama® is watching…out for you.
03/16/2010 S-Corp Election Decision Due (if Applicable)
03/16/2010 S Corporate Returns Due / Calendar Year
03/16/2010 Issue K-1’s S Corporate Returns / Calendar Year
03/16/2010 Corporate Returns Due / Calendar Year
03/16/2010 Corporate Returns/S Corp Extensions Due / Calendar Year
03/16/2010 Foreign Persons US Income subject to withholdings
03/16/2010 Annual Tax Return of US Income subject to withholdings of Foreign Persons
03/16/2010 Employers Make Monthly Payroll tax deposit on the 15th of each month
03/16/2010 Electing Large Partnerships – Issue K-1s to partners – even if you’re on extension
03/31/2010 Electronic filing of W-3’s with Social Security Admin including issued W-2’s
03/31/2010 Electronic filing of US transmittal of US information Returns
From TaxMama® to You!
Follow TaxMama®’s Tweets – http://twitter.com/TaxMama
You are invited to put a TaxQuips Widget on your phone, social networking page, website, or… You’ll get the TaxQuips as soon as they published – long before they are distributed in by e-mail. It’s a nifty gadget. Just pick up the code and paste into your site or application.
Download TaxMama’s 2010 iphone Tax Calendar. My gift to you.
Never miss a tax deadline again!
The customizable tax calendar is here.
Add or Remove dates. Add your own reminders – get alerts.
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Always a sale at the Queensboro Shirt Company
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They do a gorgeous job.
EA EXAM NEWS & SOLVING THE TAX PUZZLE
Take TaxMama®’s 2010 EA Exam Review Class
People are sending me LOTS of questions about TaxMama’s EA Exam Review Class. Let me just tell you a couple of things, so you come to understand why I am not taking phone calls.
The class is essentially ME.
I teach most of the classes.
I devote my life to you and answer your questions from May – February.
I help you out and give you the guidance you need, often even with client issues. I refer clients to my best, most capable students. I don’t have a large staff to take care of operations, or customer service or anything else.
It’s ME. TaxMama. Period.
I’ve been teaching the class for years.
I LOVE to teach these classes and help you grow into savvy, ethical tax professionals who can make a real difference in the lives of your clients. You will get so much more value from this class than you can ever imagine.
Either you trust me or you don’t.
If you don’t, there are a dozen other good choices. Use them.
If you do, we’ll be living together for more than half the year. We’ll be getting to know each other really well.
But for now, there’s simply isn’t enough time to spend an hour on the phone with each person during tax season answering the dozens of questions you have. We have to do tax returns, write articles and books and meet deadlines. Practically ALL the information you need is on the www.irsexams.com website. EXPLORE IT! Listen to the hour of audio. Read the information about the exam and about the classes.
CONSIDER THIS A TEST.
If you can’t do sufficient research to get your questions answered on one simple website, how are you going to get answers to your clients questions when you have to research something complex, like the Tax Code?
The early bird discount for the class ends on March 16th
– sign up now – or forever pay more –
Read the ebook – Everything You Wanted to Know About the EA Exam
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