Ask TaxMama Issue 552 – Don’t Give Up

Happy Birthday Frank L. Baum - May 15, 1856Happy Birthday Frank L. Baum - May 15, 1856 

Dear Family,

As you read this, I will be on the train to San Diego for a legal hearing. My friends in the area haven’t been contacted, since I have to turn right around and return the same day. What a shame. It would have been such a pleasure to stay for the weekend. Unfortunately, this week was so chock full of time demands, I must return to finish up the Small Business Taxes Made Easy book and turn it over to McGraw-Hill to work their magic on it. About four weeks late. Sigh. (Of course, I must have been out of my mind to agree to an April 16th deadline in the first place. What was I thinking?!)

I am learning interesting things in planning this brief trip. It’s a cinch to get to Union Station in downtown LA from here by MetroLink (or Metrorail, or…) in time to catch the train. Coming back – that’s another matter.

1) Metrolink doesn’t run that late.
2) For less than $20, I could return via MetroRail and two buses, late at night, which makes me feel safe and secure. And I am certain to make all my connections. Uh huh!
3) Super Shuttle wants $90 for the one-way trip.
4) Yellow Cab computes it at $115!
5) Ooooh my! I JUST found an Amtrak bus that runs that late – directly to my station for only $14.
And this nice Sasha lady is telling me it’s a GUARANTEED connection. i.e. they will wait for me if my train is running late. WOW!!!

It pays not to give up! Amtrak really IS a terrific value.
Incidentally, for just a few extra bucks you can travel first class, in comfort and with additional amenities. It’s well worth the extra fee. You can even find a seat with a table where you can spread out with your computer and work – or with your book and snack and relax. Heck, on trains, you can even get up and walk around without being sardined in, the way you are on airplanes these days. I love trains. They’re such fun.

Speaking of not giving up, people will try anything for a good tax deduction. This year, Intuit www.intuit.com heard from some of its accountant customers about the strangest deductions clients requested in TY09, which include trying to write off an Armani suit and a hired psychic. Here are some of the most common “strange” deductions that were requested.  

  • Pets – to be written off as pest control or security small business
  • Beauty/Cosmetics – including, fake eyelashes, haircuts, spa treatments and a purchased blow dryer to prepare for a meeting
  • Recreation Activities – fishing gear, golfing expenses and horses

Even more bizarre things are happening in the world of Homebuyers Credits. I am waiting to get some answers from IRS about the goings on. The May TaxWatch column will be covering some interesting revelations about the Homebuyers Credit that I’ll bet you didn’t know. Stay tuned for the third week of May!
http://www.marketwatch.com/Journalists/Eva_Rosenberg
You will also find lots more useful tax information in the MarketWatch.com Tax Guide.
http://www.marketwatch.com/taxes

In AccountingWeb.com this week, you’ll learn about one state’s Fear factor – using intimidating print, TV ads to promote their amnesty program. Such wisdom.
http://www.accountingweb.com

Today’s Money Funny you meet the bartender robot with an IQ fetish.
http://taxmama.wpengine.com/category/asktaxmama/money-funnies/

In IRS News, we learn about some nifty audio resources IRS has on a special website. And about extended deadlines for various disaster areas.
http://taxmama.wpengine.com/category/asktaxmama/irs-news/

Don’t forget, IRS is holding their Open Houses around the country this week. Please, please, if you’re having a problem, take advantage of this opportunity.
http://taxmama.wpengine.com/tax-quips/irs-problem-resolution-day/

IRS is accepting applications for new members for the Internal Revenue Service Advisory Council (IRSAC)
http://www.irs.gov/newsroom/article/0,,id=222365,00.html

In TaxQuips this week we learn about how to use the IRS Open House opporunity most effectively; how to get your tax issues on IRS Priority list; about the filing deadline for exempt organization tax returns; and whether or not you can collect unemployment if your ‘job’ was caring for a foster child.
http://taxmama.wpengine.com/category/tax-quips/

As always, we love your feedback, opinions and ideas.
You are what makes all this fun – and interesting!

Please use the Comments link online.
http://taxmama.wpengine.com/asktaxmama/ask-taxmama-issue-552/

TaxNerd gear makes a bold statement year-round.
It helps attract the opposite sex!
Shop at www.taxnerd.net or http://www.zazzle.com/taxmama*

Hugs from your favorite TaxNerd,
http://www.zazzle.com/taxmama*

Eva Rosenberg, EA

Your TaxMama®  is watching…out for you.

www.TaxMama.com
www.snurl.com/homebiz-tax
www.TaxMama.com/TaxQuips
www.IRSExams.com
www.TaxNerd.net

==============================
—————————————–
TAX CALENDAR
http://taxmama.wpengine.com/tax-calendar-2010/
—————————————–      

05/17/2010 Employers Make Monthly Payroll tax deposit on the 15th of each month
06/15/2010 Individuals, Farmers & Fishermen Pay 2nd Quarter Estimated Tax Payment
06/15/2010 Corporations – 2nd Quarter Estimate Tax payment Due 
06/15/2010 Estates & Trusts 2nd Estimated Tax Payment
06/15/2010 Employers Make Monthly Payroll tax deposit on the 15th of each month
06/15/2010 US Taxpayers Overseas Individual Personal Returns due 
06/15/2010 US Taxpayers Overseas Claim Foreign Earned Income
06/15/2010 US Individuals Overseas Personal Return Extensions due 
—————————————–
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.
http://www.widgetbox.com/widget/taxmamas-taxquips-daily-tax-podcasts

Download TaxMama’s 2010 iphone Tax Calendar. My gift to you.
http://snurl.com/taxcalendar

Never miss a tax deadline again!
The customizable tax calendar is here.
Add or Remove dates. Add your own reminders – get alerts.
http://snurl.com/itaxmamapro

—————————————–
SPECIAL DEALS
—————————————–

===> Do it Yourself Legal Material

NOLO is offering 40% off during their Annual eBook Sale through June 1, 2010.
Use coupon code is A123 for an additional 10% off any product.
http://www.nolo.com/legal-encyclopedia/family-law-divorce/?img=17&kbid=1453
(disclosure – TaxMama receives a commission)

===> Need a Corp, LLC, Registered Agent
 
Incorp Services Inc. in Nevada – DISCOUNT
20% off on formation services.
Similar discounts on Registered Agent services.
Call 800.2.INCORP – use coupon code – TAXMAMA – or
http://go.asktaxmama.com/incorp (no code needed)

===> Business Uniforms – 3 Choices:

Zazzle   –   Cafe Press  – Queensboro

===> Use your art or others – and customize it
Great for promotions – and to gear up for tax season!

Zazzle your Imagination.  Are you a TaxNerd?
Tell everyone – proudly!
http://www.zazzle.com/taxmama*

Create your own customized Calendar at Zazzle
http://www.kqzyfj.com/click-241922-10414512
Get volume discounts on orders of 2 or more.

Get extra discounts for yourself and friends after you order.

===> Stuff for Pets and Pregnant Moms

Cafe Press is the home of TaxMama® ‘s shops
http://www.cafepress.com/taxmama

You can upload your own art and graphics
http://www.jdoqocy.com/click-241922-10463747

Get extra discounts for yourself and friends after you order.

===>WOW! Embroidered Logo on ANYTHING – on sale!

Always a sale at the Queensboro Shirt Company
http://www.queensboro.com/index.html?ref_id=632192
(They have clothes and novelties – and all sizes)
They do a gorgeous job.

—————————————–
EA EXAM NEWS & SOLVING THE TAX PUZZLE
—————————————–

Take TaxMama®’s 2010 EA Exam Review Class
http://irsexams.com/ 

Orientation starts on May 20th!
Class starts on May 22nd.

– sign up now – and join the FUN!
http://irsexams.com/registration/

A flood of Tax Professionals are interested in
taking the EA Exam. We still have a few handy
dandy totes to hold all your books, notes and discs.
http://irsexams.com/registration/

Read the ebook –  Everything You Wanted to Know About the EA Exam
http://taxmama.wpengine.com/free-member-resources/
=== CPA Exam Review

Looking for a great course?

You can’t do any better than this!
Phil Yaeger’s CPA Exam Review Course
http://www.yaegercpareview.com/

2 thoughts on “Ask TaxMama Issue 552 – Don’t Give Up

  1. Pingback: Ask TaxMama Issue 553 – Buckle Down « Accountants Directory

  2. Pingback: Ask TaxMama Issue 552 – Don’t Give Up « Accountants Directory

Leave a Reply