Category Archives: *AskTaxMama Newsletter

AskTaxMama

Excessively Effusive?

This Week’s Advice: “Are you overdoing it with adjectives and modifiers in your resume? A resume with too many adjectives, especially entire strings of them, is worse than a resume with little or no description. Double check that you have no more than two adjectives together in a sentence and be sure to remove sentences […]

Do You Ever Have one of Those “I Hate My Job” Days?

When you have an “I Hate My Job” day, try this: On your way home from work, stop at your pharmacy and go to the thermometer section and purchase a rectal thermometer made by Johnson & Johnson. Be very sure you get this brand. When you get home, lock your doors, draw the curtains and […]

Ask Taxmama Issue 425 – A Sweet and Healthy New Year

Dear Family, Whew! I just got through writing a diatribe about the $300 million in uncollected payroll taxes owed by Federal, State and local governments. You’re probably going to want to skip that. I’m not quite sure if I’m being coherent or just sputtering. Instead, let’s turn to this week’s TaxQuips. We’re one short, due […]

Turn Off Your Spam Filters When Job Hunting

This Week’s Advice: “Sick of spam? Everyone is, but using an email program that has an actionable, automated spam authenticator can drastically reduce your changes of receiving ‘good email’ as well. Why? Because those authenticators require the sender to take some time to identify themselves, and busy recruiters and hiring executives are not going to […]

The Latest Payroll Tax Criminals

You Think YOU Have Payroll Tax Problems? Wait Until You See Who’s Not Paying Payroll Taxes Now! IRS has always relentlessly and passionately pursued employers who are delinquent on their payroll taxes. The Service tends to be rather unforgiving because IRS still has to honor thewithholding from workers’ paychecks – and to issue refunds – […]

Honda Hybrids Still Qualify for Tax Credit

IR-2007-151, August 28, 2007 WASHINGTON — The Internal Revenue Service announced that purchasers of American Honda Motor Company, Inc., qualified vehicles may continue to claim the Alternative Motor Vehicle Credit. The announcement comes after the IRS concluded its quarterly review of the number of hybrid vehicles sold. Honda sold 6,518 qualifying vehicles to retail dealers […]

IRS Issues Summer 2007 Statistics of Income Bulletin

Courtesy of IRS – IR-2007-153 WASHINGTON — The Internal Revenue Service today announced the release of the summer 2007 issue of the Statistics of Income Bulletin, featuring data from 21.5 million individual income tax returns that reported non-farm sole proprietorship activity in tax year 2005. Profits from all non-farm sole proprietorships totaled $269.9 billion in […]

Two 2008 GM Vehicles Certified As Qualified Hybrids

IR-2007-156 WASHINGTON — The Internal Revenue Service has acknowledged the certification by General Motors Corp. that two of its Model Year 2008 vehicles meet the requirements of the Alternative Motor Vehicle Credit as qualified hybrid motor vehicles. The credit amount for the certified 2008 model year hybrid vehicles are: Chevrolet Malibu hybrid — $1,300 Saturn […]

Spanish Lesson

A Spanish Teacher was explaining to her class that in Spanish, unlike English, nouns are designated as either masculine or feminine. ” House ” for instance, is feminine: ” la casa. ” ” Pencil, ” however, is masculine: ” el lapiz.. ” A student asked, ” What gender is ‘computer’? ” Instead of giving the […]

Ask Taxmama Issue 424 – A Labor of Tax

Dear Family, I blinked and suddenly it’s Friday? What happened to the week? It was just Monday a minute ago! Well, it was very, very hot around here – generally up into the 3 digits. Where we live is definitely one of the hottest parts of the City of Los Angeles. (You can see it […]

Excise Tax Refund – Don’t Forget to Claim it!

Phone Customers Can Still Request Excise Tax Refund, IRS Says Courtesy of IRS IR-2007-144 WASHINGTON — Telephone customers can still request this year’s one-time excise tax refund, according to the Internal Revenue Service. Most phone customers, including most cell-phone users, qualify for the refund. The refund covers the three-percent tax paid on long-distance and bundled […]

Selling Your Home

Courtesy of IRS – STT-2007-22 During summer months many people sell their home and move to a new location. Many of those individuals will make a profit on the sale and still will not have to pay a single dime of additional income tax to the IRS. Generally, you have made a profit if the […]