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What: FREE IRS Webinar
When: September 9, 2010

Learn about the tax provisions of the Affordable Care Act (ACA recent health care legislation) at a FREE IRS Webinar on September 9, 2010 at 2 p.m. Eastern. 

The IRS’s Small Business/Self-Employed Division is presenting this FREE webinar especially for small business owners and the self-employed. Learn about Affordable Care Act’s current tax provisions and where to find future updates.

 Click on this link to register (http://www.visualwebcaster.com/IRS/70323/reg.asp?id=70323) for this informative presentation.

 To get the latest IRS news and products and services, subscribe to e-News for Small Businesses on IRS.gov at http://www.irs.gov/businesses/small/article/0,,id=154825,00.html , click “Subscribe Now” at the bottom of the page and enter your e-mail address.

  

People to Meet in June 2010

June 24, 2010

Today TaxMama hears from Pastor Derrell a new student in the EA class, who explains why he feels the need to  make a living doing taxes. That brings to mind other people you’d also find interesting. So, today, let me introduce you to a few special people – no special order. Just good, interesting people [...]

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Let’s Reward Our Health Care Professionals

June 18, 2010

Affordable Care Act Provides Expanded Tax Benefit to Health Professionals Working in Underserved Areas 
WASHINGTON — As part of a larger Administration announcement on efforts to strengthen the health care workforce, the Internal Revenue Service today announced that under the Affordable Care Act health care professionals who received student loan relief under state programs that reward [...]

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Unemployment Strategy

May 5, 2010

Today TaxMama wants to discuss unemployment issues. Too often I learn during tax season, that a client didn’t work and didn’t collect unemployment insurance, or other compensation to which they were entitled. This especially true of folks who are not comfortable with English. Since we’re heading for a season when many people’s jobs may end…
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COBRA Subsidy Eligibility Period Extended to May 31

April 30, 2010

WASHINGTON — Workers who lose their jobs during April and May may qualify for a 65-percent subsidy on their COBRA health insurance premiums, according to the Internal Revenue Service. The American Recovery and Reinvestment Act established this subsidy to help workers who lost their jobs as a result of the recession maintain their employer sponsored [...]

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Small Business Health Care Tax Credit

April 16, 2010

Courtesy of IRS
Health coverage legislation enacted this year includes a Small Business Health Care Tax Credit to help small businesses and small tax-exempt organizations afford the cost of covering their workers.

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Substance Abuse

April 15, 2010

Today TaxMama hears from Chris in the TaxQuips Forum, with a common problem. “It was mentioned by TaxMama on a news website today that money spent on substance abuse treatment is deductible as medical expenses. My 24 year old son has been in different forms of treatment over the last 4 years. While he was a dependant [...]

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Domestic Partner Benefits

April 13, 2010

Today TaxMama hears from PS from California in the TaxQuips Forum, with this question. “Prior to getting married, my girlfriend had me on her medical benefits through her employer because it was significantly less than through my work.  The benefits I received are considered “income” by Federal govt and are actually added to her taxable wages.  [...]

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