Category Archives: *AskTaxMama Newsletter

AskTaxMama

Eight Tax Questions to Ask Before You Get Married

  When two people fall in love, they tend to be blind to life’s realities. The last thing they want to do is bring up issues that might generate conflict, and let’s face it, the topic of taxes is definitely turbulent. Ask these tough tax questions before you get married – to avoid an inevitable […]

Tax Season PotPourri

  Today TaxMama® wants to address several issues that are confusing people this year – or important for you to know.

Tax Roundtable Schedule and Replays for 2016 & 2017

TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. Please mark your calendars! It meets at 8:05 am PACIFIC on the third or fourth Thursday of the month (unless there are conflicts) (and dates are subject to […]

TaxMama’s TaxQuips Highlights of Trump Tax Plan

  Today TaxMama® wants to give you an advance peek on what you can expect from a Donald Trump tax plan, coming to a Congress near you! Dear Friends and Family, Today we face a total paradigm shift in our government. Donald Trump is the President-Elect of the United States of America. So, with that […]

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 […]

Income Distribution or Payroll?

Today TaxMama® hears from ASquare in the TaxQuips Forum with this question. “I work as a full time employee for a company on W2. I own S-CORP that i get income for the services provided in my free time. Do I need to run the payroll for that money earned on S-CORP or can I […]

Is Your Client an INVESTOR? a TRADER? or a MARK-TO-MARKET TRADER?

Is Your Client an INVESTOR?   a TRADER?   or a  MARK-TO-MARKET TRADER?  ~ by Nancy E Goedecke, EA ~    The Internet has spawned a new breed of investors who use their computers to execute stock trades on a daily basis. Suddenly everyone and their cousin is either an online day trader or thinking about becoming […]

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 […]