Category Archives: *Education

VCSP – Employer Amnesty for Mis-Classifying Employees

You can no longer get away with treating employees as freelancers. There are too many ways for your employees to turn you in to authorities. Or, to get a tax break and pay only their half of the self-employment taxes – they MUST turn you in. Before they do that, come clean with the IRS. […]

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 […]

Webinar – The Trump Tax Plan

Course Title: The Trump Tax Plan Speaker: Eva Rosenberg, EA, CTC, CTRS Cost: $59  (Free to TaxMama EA Students and TaxMama Family Members) Sign up for the video webinar here – http://itaxmama.com/TrumpTaxWebinar_1 This will let you watch the video and download all the handouts. And get your CPE Credit: 2 CPE hours – EA,CPA, AFSP […]

8 Tips to Stay Sharp – For teachers, Students, Classrooms

Today’s TaxQuip is sponsored by X-Acto electric pencil sharpeners. As you might have guessed, my favorite classes in school were my English classes, where we got to write compositions, essays, analyze newspaper articles and editorials. The best teachers I knew were those who red-penciled our papers. Sometimes, my pages looked as if they were bleeding. […]

First Time Homebuyer and IRAs

A first home? Today TaxMama® hears from Emily in the TaxQuips Forum with an excellent question. “I’m 35 years old and taking money out of an IRA for a down payment on my house. I am not a first time homebuyer. This will be my primary residence. Should I roll my IRA into a ROTH […]

IRA Warnings

Today TaxMama® hears from Jeff in the TaxQuips Forum with a very common type of problem. Let me paraphrase. “My wife had a traditional IRA at Vanguard and we rolled it over to another company where I set up the account. We didn’t notice that the account was in my name, instead of hers until […]

Innocent Spouse Relief – Sort of

Today TaxMama® hears from Melissa in the TaxQuips Forum. “I was granted innocent spouse relief after my divorce in 2013. Yet when I filed my taxes this year, I didn’t get my refund and received no info on why; or if it went to my ex-husband’s unpaid state (WV) taxes, that he hasn’t paid for […]

Webinar: Reconciling the 1099-K and 1099 MISC

This year, people in business or selling on eBay will be getting 1099s from both their banks (or PayPal) and their customers. Often, those 1099s will overlap, telling the IRS that you received much more money than you really earned. There is a trick to reporting these 1099s that will help you avoid audit, while […]

Care and Feeding of your PTIN Series – Session 3 – The Responsibilities, Rights, & Privileges of an RTRP

Registered Tax Return Preparers (RTRP) are facing an array of rules and regulations. While some people say they are not getting information about their obligations; others say there is too much information. It can be hard to get straight answers. Our goal is to provide you with a clear understanding of your new responsibilities and […]

Care and Feeding of your PTIN Series – Session 2 – The RTRP Exam

The IRS established new regulations for tax professionals recently. After nearly 100 years without any form of tax preparer licensing or overview, it’s time for tax preparers to exhibit that they have a fundamental understanding of tax law, tax preparation and ethical standards. Now there is a new exam that ALL otherwise uncredentialed tax preparers […]