Legislation

Ask TaxMama Issue 549 – Greening and Swapping

April 23, 2010

Dear Family, It’s nice to get a few days off, isn’t it? In honor of Earth Day, Arbor Day and all that, we went camping in the desert to see the spring blooms before they burn out. Coincidentally, it turns out that National Park System is offering free admissions this week – through tomorrow. So [...]

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HIRE Act: Questions and Answers for Employers

April 16, 2010

Courtsey  of IRS Under the Hiring Incentives to Restore Employment (HIRE) Act, enacted March 18, 2010, two new tax benefits are available to employers who hire certain previously unemployed workers (“qualified employees”). Share this:

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Ask TaxMama Issue 545- Health Care and More

March 26, 2010

Dear Family, The phones have been ringing all morning. Usually, Friday mornings I get to work quietly to prepare this for you early in the morning (at least here, on the West Coast). Last night and early this morning the wind blew away all the smog. This dawned gloriously in California with the sun gleaming, [...]

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California Budget

June 22, 2009

Today TaxMama hears from CJ in Concord, California has an urgent request. “Time is short on this one! Do you have any information about a bill being put before the California legislature tomorrow – (June 22) that would allow the state to have 3% in taxes withheld from payments to independent contractors, independent distributors, etc.? [...]

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Social Security and Obama

March 4, 2009

Today TaxMama hears from Betty in North Carolina, who wants to know. “Are Social Security recipients going to receive anything from the Obama recovery package?” Share this:

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750 Billion Dollars

December 9, 2008

Today TaxMama hears from Shirley in Florida who had a thought. “If the government has $750 billion to get this economy going again—would it not be simpler and quicker to give lets say 250 million taxpayers (out of a population of maybe 300M) $3,000 each to spend any way they like? We then protect the [...]

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New Jersey Exit Tax

November 12, 2008

Today TaxMama hears from Harvey in New Jersey who tells us. “I am a Senior Citizen & semi-retired. Thinking of leaving the state of NJ. I heard there is a state exit tax. Is this correct?” Dear Harvey, Whew, federal & California taxes are big enough areas for me to keep up with, without learning [...]

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The Bailout Bill – EESA

September 29, 2008

[Note: You will find all working links in the Resource Box below, as always.] Today TaxMama sits here, scouring the news sites for tangible information about the Legislature’s voting over the weekend. What’s the final score on the $700 billion bailout? What else went down while we were caught napping? First of all, the California [...]

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Why Should I Care?

December 10, 2007

Today TaxMama hears from Julie who says “Why should I care about people who got messed up with subprime or ARM mortgages? Did they not know enough to read their contracts? I had a financial advisor back in 2004 who presented an adjustable rate based on the LIBOR Index. I told him to forget it [...]

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