Tag Archives: bank statements

Catching Up

Today TaxMama® hears from Richard, who wants to come in from the cold. “I was in rough financial shape for several years and have not filed a tax return in three years. How do I go about squaring up with the IRS now that my finances have improved?”

Prepare for Hurricanes, Disasters by Safeguarding Tax Records

Courtesy of the Internal Revenue Service IRS YouTube Videos Preparing for Disasters: English | Spanish | ASL How to Request a Copy of Your Tax Return: English | Spanish | ASL Podcast  –  Disaster Assistance: English | Spanish WASHINGTON — With the early start of this year’s hurricane season, the Internal Revenue Service encourages individuals […]

Prepare for Hurricanes, Disasters by Safeguarding Tax Records

Courtesy of IRS WASHINGTON — The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.

Sales Tax Expense

Today TaxMama hears from Sirian in the TaxQuips Forum with a concern. He says, “I am an Internet marketer & web developer.  I have always collected state sales tax for my clients in my state (Texas).  When filing my Federal taxes I usually include the full income (including all state sales tax collected) in the reported […]

Reporting Use Tax

Today TaxMama hears from TaxDaughter in the TaxQuips Forum, who just received some unpleasant news. “My new accountant asked me to give him a summary of all my Internet purchases. He says California will assess taxes on the Internet sales since they have been escaping tax before. 1. Is this a newly enforced California Law? […]

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 […]

Non Filer Getting Compliant

Today TaxMama hears from Kris in the TaxQuips Forum, with this concern.  “A taxpayer hasn’t filed since 2002. He is self employed, but cannot get all records, namely amount of income and bank statements that far back.  I can prove income from 2004 through 2009, along with expenses. What do you think I should do […]

Ask TaxMama Issue 566 – All about Education

Dear Family, We were at the IRS Tax Forums last week. You can read all about our experiences in this week’s IRS News. There will be more information next week, as I have time to keep writing. It will just pour out as I sit at the keyboard. The fun part was meeting so many […]

Bankrupt Without W-2

Today TaxMama hears from Andrew in TaxQuips forum, with this problem. “I worked for a company that went bankrupt; now I’m not getting a W-2. I didn’t keep my final pay stub. I have no way of knowing how much I made while working for the company. What now?”