*Education

TaxMama® is not Enough

April 28, 2010

Today TaxMama® wants to discuss tax authority in general. TaxMama.com is a terrific service, and provides  substantial guidance, pointing you to more information to help you address your tax issues. But do you really think you’ll survive an audit if you say, “TaxMama® says it’s OK?” Join the forum discussion on this post

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TaxMama’s Tax Roundtable – April 22, 2010

April 22, 2010

Today’s topics included: Introductions of the participants – Suzan Ali, EA; Tom Buck, CPA, Rita Lewis, EA, Carline Williams – about to be EA; Wayne Davis – about to be EA; Joan Hughes, EA Dealing with aging and retirement Starting to use TaxMama’s Family Forum Homebuyer’s Credit follow-up Ethical question about clients and Social Services [...]

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Flying High

April 14, 2010

Today TaxMama hears from Kathleen in the TaxQuips Forum, who is curious. “I attended a flight school in ’09 and earned my helicopter commercial pilot certificate as well as flight instructor certificate. I now work as a commercial pilot & flight instructor. The school is not a typical college/university. But I did receive my certificates from [...]

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Why We Need Education Benefits

April 9, 2010

In a Purdue University classroom, they were discussing the qualifications to be President of the United States. Fundamentally, the candidate must be a natural born citizen of at least 35 years of age.

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H&R Block Radio Show – Tax Tips for Individuals

March 29, 2010

Listen here  -  Tax Tips for Individuals                         Read the script of the show below: PROGRAM 1: Tax Tips for Individuals Originally aired:   Thursday, March 25    10:00 a.m. – 11:00 a.m. EDT Introduction – Tax Mama Welcome and Introductions o        Thanks for joining §                    Introduce hosts: §                    Chris Wilson, Master Tax Advisor o        Wilson has been [...]

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Student Loan Payments

March 22, 2010

Today TaxMama hears from Heidi in California, with a common misunderstanding. “I know I can report student loan interest paid, but I’m wondering if I qualify for the tuition and fees deduction if I officially ended school in 2008, graduated in Jan. of 2009, and made payments for all of 2009.”

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Nursing Education Expenses

February 22, 2010

Today TaxMama hears from Hayley in Indiana who made a bold move. “I quit my job last October to go back to school.  My school is through our hospital (an Allied Health Program) but is not a part of the eligible educational institution.( is not signed up with the gov to receive fed funding.)  The [...]

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Computers for College

February 1, 2010
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Today TaxMama hears from Linda in Kentucky with a reasonable question. “My son-in-law had on-line college classes that required him to have internet services and a computer. Do these count towards the tax credits? Also, how would he go about getting the books, supplies, gas, etc. credited?” Dear Linda, In a very odd and inconsistent [...]

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Tax Credit Helps Pay for Higher Education Expenses

January 22, 2010
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The American Recovery and Reinvestment Act was passed in early 2009 and created the American Opportunity Credit. This educational tax credit – which expanded the existing Hope credit – helps parents and students pay for college and college-related expenses. Here are the top nine things the Internal Revenue Service wants you to know about this [...]

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Six Facts About the American Opportunity Tax Credit

September 25, 2009

Courtesy of the IRS Many parents and college students will be able to offset the cost of college over the next two years under the new American Opportunity Tax Credit. This tax credit is part of the American Recovery and Reinvestment Act of 2009. Here are six important facts the IRS wants you to know [...]

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