Category Archives: Extensions

IRS Gives One-Week Filing Extension to Taxpayers

WASHINGTON — The Internal Revenue Service today announced it is granting taxpayers whose preparers were affected by Hurricane Irene until Sept. 22 to file returns normally due Sept. 15. The taxpayer’s preparer must be located in an area that was under an evacuation order or a severe weather warning because of Hurricane Irene, even if […]

Unclear on the Concept

Today TaxMama hears from Cliff in the TaxQuips Forum, who dropped the ball. “Filing your income tax return is due April 15th, or with an extension, 10/15. However, the instructions also say that you have three years (plus any extension) to file a claim for any refund due. Which rule takes precedence?  The IRS cannot […]

Filing Frustrations

  Today TaxMama hears from Myra in the TaxQuips Forum with lots of questions. “I filed an extension. How should I file at year end? Single, married but filing at a single rate, or jointly.  My husband receives Social Security disability. I file from a K-1.  I have large amounts of deductions.  I also can […]

One Business or Two?

Today TaxMama hears from Paula in the TaxQuips Forum, who has a question. “We have one “established” business that has been in operation since 2005.  In 2010 we started a new business (another S Corp) and our first business funded the start up fees and expenses for the new business in 2010.  The new business […]

Tax Relief in Disaster Situations

IRS has provided information about extended deadlines and disasters related to storms and flooding. So far, we do not see anything about relief for the economic effects of the Gulf area oil spill.   Recent Tax Relief  

Paying the Piper, or Five Simple Steps to Filling Out Your W-4

Changing Your Payroll Withholding Right about now, if you haven’t already done it, you should be thinking about updating your current year’s paycheck withholding. Once upon a time, a tax professional was asked by an Enrolled Agent to write an article about how to do the proper computations to determine what exemption and dependent amounts […]

Ask TaxMama Issue 547 – Tax Freedom Day

Dear Family, Today is National Tax Freedom Day, according to The Tax Foundation, who tracks such things. This year’s Tax Freedom Day is one day later than in 2009, but more than two weeks earlier than in 2007. Though, since each state has their own tax rate, your tax freedom day may come sooner,…or later. […]

GET YOUR EXTENSIONS HERE!

Get your IRS extension here! Note: This page has been updated to include links to Personal, Business and State extensions. Courtesy of IRS If you can’t meet the April deadline to file your tax return, you can get an automatic six month extension of time to file from the IRS. Here are seven things you […]

H&R Block Radio Show – Tax Tips for Individuals

Listen here  –  Tax Tips for Individuals                         Read the script of the show below: PROGRAM 1: Tax Tips for Individuals Originally aired:   Thursday, March 25    10:00 a.m. – 11:00 a.m. EDT Introduction – Tax Mama Welcome and Introductions o        Thanks for joining §                    Introduce hosts: §                    Chris Wilson, Master Tax Advisor o        Wilson has been […]

Five Tips to Avoid Tax Time Stress

Courtesy of IRS Filing your tax return doesn’t have to be stressful. The IRS has put together five stress-relieving tips to help you.