Employees

Trust Fund Penalty

May 12, 2011

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Today TaxMama hears from Steve in the TaxQuips Forum with a big problem. He says, “The IRS wants me to sign a trust fund recovery form accepting personal responsibility for corporate 941 back taxes. They are making this a requirement as part of a full pay installment agreement. They are telling me that they will [...]

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Hiring Workers With ITINs

March 28, 2011

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Today TaxMama hears from Goran in the TaxQuips Forum, with a serious issue. “I am a contractor and have my own flooring company. I would like to know if I may have helpers with only an ITIN number. Then, could I file 1099′s with only an ITIN number to deduct on my taxes?  Share this:

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Interns and Unemployment

February 17, 2011

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Today TaxMama hears from John in the TaxQuips Forum, who wants to employ students.“ The business I work for is very small. It is a nonprofit educational facility, and we are swamped with work, without financial leverage to hire additional staff.  I want to recommend the hiring of interns at a fair hourly wage.  I am [...]

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Gardener 1099

January 13, 2011

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Today TaxMama hears from Seth in the TaxQuips Forum with a sensible question. “I have a lawn guy for my house.  I pay him $90 a month for 8 months out of the year ($720 for the year).  The checks are made out to him directly.  From an IRS standpoint, am I supposed to do [...]

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TaxMama’s Tax Roundtable – November Session

November 23, 2010

Note:  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. Don’t you wish you were here? REPLAY today’s session below – you can listen and SEE the session and forms It will load slowly…perhaps  slowly. But it [...]

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TaxMama’s Tax Roundtable September 2010

September 17, 2010

 Note:  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. Don’t you wish you were here? REPLAY today’s session below – you can listen and SEE the session and forms It will load slowly…perhaps very slowly. But [...]

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Tax Cuts for Wage-Earners

August 18, 2010

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Today TaxMama hears from Chris in the TaxQuips Forum, who puts out a challenge to TaxMama. He says, “Tax mama has advice for business owners. But how does an individual get more money on their paychecks?” Share this:

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People to Meet in June 2010

June 24, 2010

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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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Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available

May 21, 2010

Courtesy of IRS WASHINGTON —The Internal Revenue Service has posted on its website the newly-revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010. Share this:

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Maid Services

May 3, 2010

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Today TaxMama hears from Tom in Illinois who uses a maid service and he wants to know if he should be issuing a Form 1099-MISC to the maid; or should the maid service do that? Share this:

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