Today TaxMama® wants to address some political craziness. This year’s presidential campaign is getting out of hand. On the Senate floor, Senate Majority Leader Harry Reid (D-NV) recently stated that a “reliable source” has revealed that Romney hasn’t paid federal income taxes in the past ten years. Kelly Phillips Erb, (otherwise known as TaxGirl) writes […]
Today TaxMama® hears from Cheryl in the TaxQuips Forum who triggers a line of thought. Her client has under-reported income for many years. And it reminded me of other tax pros, including myself, who were asked by family members to help them under-report their income. The usual argument is “If you love me, you’ll file […]
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.
Today’s topics included: Introductions of the participants – Suzan Ali, EA; Tom Buck, CPA, Rita Lewis, EA, Carline Williams – about to be EA; Wayne Davis – about to be EA; Joan Hughes, EA Dealing with aging and retirement Starting to use TaxMama’s Family Forum Homebuyer’s Credit follow-up Ethical question about clients and Social Services […]
Today TaxMama hears from Enrolled Agent Alison Jacks in San Francisco who brings up an important issue. “What do you think of the fact that many (dare I say most?) tax professionals do not seem to provide depreciation schedules with the taxpayer’s copy of the tax return? I pretty much blew a fuse yesterday and […]