Category Archives: Insurance

Ask TaxMama Issue 555 – A Prisoner to Taxes

+ +   Dear Family, There was a QuickAlert from IRS telling us the electronic processing centers in Martinsburg, W V and Memphis, TN are currently experiencing problems. Considering how much money and resources IRS pours into maintaining their electronic systems, it’s kind of nice to know they experience the same kind unexpected down time […]

Ask TaxMama Issue 554 – Memorial Day Weekend

Dear %$firstname$% It’s already Memorial Day Weekend! Remember to remember the folks who make our way of life possible. And offer more than just the obligatoru barbeque – offer thanks to all those who serve, or have served! You may have noticed yesterday that the TaxMama.com website was down. This has been a week of external, […]

TaxMama’s Tax Roundtable

    REPLAY today’s session – you can listen and SEE the session Today’s topics included: Introductions of the participants Testing of microphones ;~) Questions about the EA Exam Review Class starting tonight Discussion of IRS bizarre notice –  long-term care insurance distributions that IRS is questioning Odd rejections of homebuyer credits IRS not willing to […]

Renting Out Rooms

Today TaxMama hears from Bloomers in the TaxQuips Forum. She is renting out the rooms in her 5-bedroom house. Bloomers asks.  “What are the laws for renting out rooms?  If the amount I am making in rent every month, on average, does not amount to the total cost of the mortgage and house expenses, is […]

Ask TaxMama Issue 550 – May Day and Homebuyer Credit Deadline

Dear Family, Well, it’s the end of April. The world somehow survived a volcano and an earthquake that left travelers stranded all over the world. It’s interesting the different ways that tavel companies dealt with it. Yesterday, within seconds of each other, I received two emails. The first was from an executive at British Airways, […]

Small Business Health Care Tax Credit

Courtesy of IRS Health coverage legislation enacted this year includes a Small Business Health Care Tax Credit to help small businesses and small tax-exempt organizations afford the cost of covering their workers.

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. […]

Cancer Policy

Today TaxMama hears from Donna in Texas in the TaxQuips Forum, with a sad question. “One of my clients brought me a 1099-MISC from an insurance company. In box 3, Other Income they have an amount of $50,000.00.  She had taken out an insurance policy for cancer and she got it.  She has never claimed […]

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 […]

Ask TaxMama Issue 545- Health Care and More

Dear Family, The phones have been ringing all morning. Usually, Friday mornings I get to work quietly to prepare this for you early in the morning (at least here, on the West Coast). Last night and early this morning the wind blew away all the smog. This dawned gloriously in California with the sun gleaming, […]