Author Archives: TaxMama

He Who Hesitates is Lost

Today TaxMama® hears from several people in the TaxQuips Forum with questions about expired refunds. Let me summarize.  “I faced a hardship and didn’t file tax returns for several years. Now, I learn that I cannot get my refunds for all those years. Can you help?” Dear Friends and Family, My answers to Dustin and […]

Divorce Home Sale

Today TaxMama® hears from Greg in the TaxQuips Forum with a very common divorce issue. Let me paraphrase. “We got divorced. My wife and child stayed in our home. I made the payments. Now, when we want to sell it 7 years later, is there any way at all that I can get the personal […]

Tax Day Deadline – and Extensions

Good news! This year we get a few extra days to file our tax returns – until April 18th (19th in MA and MN). But what’s if you’re just not ready? Relax. File an extension – no excuses needed. You get an extra six months to file.

2016 Mileage

TaxMama® and Ken Jeffries interview: LISTEN TO PODCAST: Ken: It’s TaxQuips Time from TaxMama.com . Today TaxMama covers deductible mileage. What kinds of mileage are deductible by individuals and businesses? TaxMama: Actually, there are four ways to take advantage of vehicle-related deductions: Medical mileage Moving Mileage Job or business mileage Charitable mileage Ken: What are […]

PitBull Tax Resolution Software Demo

When I started teaching the IRS Practice Series at CPE Link, I needed an easy way to prepare my pro-forma collections forms. It was especially important to have a tool that would integrate the most current National Standards, exclusions from assets, etc. PITBULL SOFTWARE provided me with the tools that I need. Not only do […]

October 15th is NOT the filing deadline for Everyone

October 15th is the annual filing deadline for all personal income tax returns. This year, some (un)lucky folks in several disaster areas around the country have extra time to file – as long as they were wise enough to put their personal tax returns on extension. What about the rest of us? We still face […]

Taxable Complimentary Stuff

Today TaxMama® hears from Rick in the TaxQuips Forum. Let me summarize his issue. He just learned that he is getting a $9,000 1099MISC for items he receives to review. He can’t use most of those things, but he’s not allowed to sell them. Yet, he will be paying taxes on the retail value of […]