Category Archives: Estimated Taxes

ES Payments Without Income

Today TaxMama hears from Steve in the TaxQuips Forum with a timely question. He says. “I started paying estimated taxes in the first quarter of this year. But I haven’t earned any income this quarter, except unemployment – from which they took withholding. What do I do about my June estimated payment?”

Nine Things You Should Know about Penalties

The tax filing deadline is approaching. If you don’t file your return and pay your tax by the due date you may have to pay a penalty. Here are nine things the IRS wants you to know about the two different penalties you may face if you do not pay or file on time. If […]

Ask TaxMama Issue #1 – Merrily We Tax Along…

Ask TaxMama Merrily We Tax Along… Welcome to the first edition of Ask TaxMama. AskTaxMama will be published every two weeks. You will find the complete text of this issue on the site at http://taxmama.wpengine.com/AskTaxMama/asktm_1.htm Lower Standards For the first time in anyone’s memory, the IRS arrived at a standard mileage rate that was lower than […]