Category Archives: Record Keeping

TaxMama’s® 10 Tips for Business Success

Running a business or a department is complex, with innumerable people and government agencies pulling on you from all directions. With the endless demand for reports, it’s amazing that anyone is actually able to get work done, produce a product or finish a project. Yet, we do, don’t we? And we do it well. In […]

Top 10 Tax Time Tips

It’s that time of the year again. The income tax filing season has begun and important tax documents should be arriving in the mail. Even though your return is not due until April, getting an early start will make filing easier. Here are the Internal Revenue Service’s top 10 tips that will help your tax […]

Brand New Home

Today TaxMama hears from Bruce in the TaxQuips Forum, with exciting news, “I purchased a new home in October and added some builder upgrades, including energy efficient appliances, radiant barrier roof, etc. Are these tax relief items available to me as an individual taxpayer? Even though I don’t have receipts on each item, I did […]

Bank Subpoena

Today TaxMama hears from Jennifer in the TaxQuips Forum, with this question. “I work for a financial institution. We just received an IRS subpoena ordering us to turn over 4 years of checks and statements for one of our customers.  This will require a significant amount of manpower to put together, and we will also […]

Making a Living

Today TaxMama  wants to talk to you about making a living in today’s economy.  It’s not as easy as it used to be  – but you can’t simply wait until conditions improve.

Seven Tax Tips for New Business Owners

As you know, TaxMama is the author of Small Business Taxes Made Easy, which some people use as their business bible. Each of IRS’s tips is expanded, in detail, in Small Business Taxes Made Easy, – I’ll add the chapter references to IRS’s tips for you. A new edition of the book is due out this winter. […]

In Your Appointment Book

Today TaxMama hears from Tana from Ventura from the Independent Writers of Southern California (IWOSC) meeting. Tana says. “I had hoped to see what sort of things you actually found important to write in your calendar. I assume this is information a competent and knowledgeable tax professional can convey.”

Key IRS Audios for Your Small Business

Starting a small business can be confusing. IRS provides free audio tools and information to guide you.

Here’s What Happens After You File

Courtesy of IRS Most taxpayers have already filed their federal tax returns, but many may still have questions. Here’s what the IRS wants you to know about refund status, recordkeeping, mistakes and what to do if you move.