Tag Archives: CPA

State Reciprocity

Today TaxMama® hears from Crazy4Cats in the TaxQuips Forum, with this a very long question. Let me summarize. “Her husband works in Illinois and they live in Wisconsin. When they started out, they went to a storefront preparer who told them there is reciprocity between the states, and apparently only prepared a WI tax return. She […]

Shut it Down

Today TaxMama® hears from Jeb in the TaxQuips Forum, with a long, complicated issue.  Let me summarize. “We want to close down our 3-member LLC, but there are outstanding issues. The CPA says we all need to file extensions, but one member has a big refund and wants it now. What can we do?”

Renting to Roommates

Today TaxMama® hears from Ellen in the TaxQuips Forum, who is getting conflicting information.  “I had no idea, when we decided to be responsible parents to my son and the son of a family friend, that we’d have such a headache at tax time when we decided to start charging “rent” after they graduated from […]

Ask TaxMama Issue 666 – Happy Chanukah

There’s a party at the IRS today. Yup, they have parties, too. Ted Meyer, currently a territory manager in Los Angeles is retiring after over 3 decades of service. Although I am sure we’re all happy for him, I have to admit that I am sad to see him, and so many other veteran IRS […]

Death Taxes Intrigue

Today TaxMama® wants to have a little fun while I am waiting for all my emails to download.  During our Thanksgiving vacation, I had time to do some reading. Let me introduce you to Diane Kelly, a CPA and writer – and her very interesting protagonist, Tara Holloway, a rather feisty IRS Special Agent.

Care and Feeding of your PTIN Series – Session 2 – The RTRP Exam

The IRS established new regulations for tax professionals recently. After nearly 100 years without any form of tax preparer licensing or overview, it’s time for tax preparers to exhibit that they have a fundamental understanding of tax law, tax preparation and ethical standards. Now there is a new exam that ALL otherwise uncredentialed tax preparers […]

Ask TaxMama Issue 664 – Honoring Veterans Weekend

Dear Family, In honor of Veterans’ Day this weekend, in IRS News  we are reminded that time is running out to get a substantial tax credit for hiring a veteran this year. The special, expanded tax credit will end on December 31st. So start interviewing now. Another special opportunity is open until December 31st. In […]

Care and Feeding of your PTIN Series – Session 1 – Maintaining Your RTRP

NOTE: All regulations re:RTRPs have been suspended – these rules no longer apply. The IRS established new regulations for tax professionals recently. After nearly 100 years without any form of tax preparer licensing or overview, it’s time for tax preparers to exhibit that they have a fundamental understanding of tax law, tax preparation and ethical […]

Ask TaxMama Issue 662 – 2013 News

Dear Family, This week, the IRS announces new limits on a variety of things for 2013. That’s the entire content of this week’s IRS news features: In IRS News  we get the new limits on a variety of benefits for 2013 – with more to come in the IRS’s announcement on November 5th. The IRS […]

Ask TaxMama Issue 661 – Shuttle Moves

Dear Family, Those of us in the Los Angeles area are dealing with a special and unusual phenomenon today. The Space Shuttle is taking its final trip, heading for the museum where it will make its home – the California Science Center near USC. Many people have already camped out, hoping for a glimpse, as […]