Category Archives: *AskTaxMama Newsletter

AskTaxMama

More than 2 million ITINs to expire this year; Renew soon to avoid refund delays

   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 […]

Highlights of Federal Tax Issues in June 2018

Today TaxMama® wants to update you on key tax issues that affect you this year.  

VCSP – Employer Amnesty for Mis-Classifying Employees

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 […]

Good News and Bad News in May

Today TaxMama® wants to talk about things to consider now that your tax return is filed. It IS filed, isn’t it?

Last Minute Payments

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 […]

Tax Deadline Looming

  Today TaxMama® wants to talk about deadlines, extensions, payments and dealing with it all on a tight budget. What do you do first?!    

Not Filing Prior Years – Wasting Refunds

Today TaxMama® hears from C in the TaxQuips forum. She has an all-too common problem. “I have a tax return that I completed but did not mail off from 2013, I know you have to process your taxes within 3 years, is there any way to mail off this 2013 tax return and get my […]

Everything You Want to Know About the EA Exam 2018-2019

The REPLAY of the April  2018-2019 webinar is HERE! Becoming a knowledgeable tax professional isn’t easy. It takes a lot of dedication, math skills, and the flexibility to keep up with the myriad of tax law changes that take place each year.  But it can be done. It’s fun! And oh so lucrative. And TaxMama’s EA […]

Switching from Employee Status to Independent Contractor

Today TaxMama® wants to give you something to think about before switching from employee status to independent contractor.  

Bipartisan Budget Act of 2018 – Tax Extenders Passed Today

Last week, I promised you that the Legislature would pass an extender bill by spring. Well, good news! They didn’t wait that long. They included most of the provisions of  S. 2256 in today’s budget bill. Alas, Congress only extended them for the short-term. All the extenders are retroactive to January 1, 2017. But the […]

Introduction to the Trump Tax Plan

Today TaxMama® wishes you a Happy New Year, and brings you some basics about how the Trump Tax Plan will affect this filing season.