CPA

Ask TaxMama Issue 640 – Happy Cinco de Mayo Weekend

May 4, 2012

Dear Family, I’ve spent the morning emailing back and forth with niece on the other side of the continent. There are secret goings on within the family to create a very special party and a present for the woman who needs nothing – my mom. Soon to be 90 years-old, she will be getting a [...]

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IRA Tax Lien

May 1, 2012

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Today TaxMama® hears from Joseph in the TaxQuips Forum with a big problem. “I drew money from my IRA without paying taxes. The IRS has put a lien on my house for $67,000.00. Should I try to negotiate with the IRS myself or should I get a tax lawyer? Share this:

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Ask TaxMama Issue 639 – TGIO

April 20, 2012

Dear Family, Well, Tax Season is all wrapped up – and many of you have hit the road. I can tell, since so many of your autoresponders are saying you’re gone for the next week or two. I don’t blame you. This year, for some reason, was particularly grueling. Some Tax Pros tell me they [...]

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Ask TaxMama Issue 637 – Happy Passover and Easter

April 6, 2012

Dear Friends, Happy Passover Eve and Good Friday. The holy weekend is upon us. Many of you aren’t working – or have already left town. (Which explains the heavy traffic we heard about yesterday.) I wish you all a loving, noisy, friendly family weekend. And please, if you know of friends or co-workers who are [...]

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Ask TaxMama Issue 635 – Swallowing Tax Pride

March 23, 2012

Dear Family, This year, the Swallows Day Parade will be held in San Juan Capistrano on Saturday morning. Each year, they welcome back the swallows who return on March 19th. Folks in Southern California can join in the fun via Amtrak’s Surfliner (SNC station) and walk over to the festivities. (The southbound train will get [...]

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Resources to Know About Before Filing Your Taxes

March 23, 2012

So you’ve spent the last month dreading the thought of doing your tax return, but the day has come and you know it’s time to get it over with. You sit down and pull up your tax sofware, and start answering questions. Name? check Address? check….Then, you run into that question that you’re unsure about. [...]

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Personal Residence Exclusion after Death

March 20, 2012

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Today TaxMama® hears from Tina in the TaxQuips Forum with this convoluted question. “A person has resided in the same one-family residence in for the last ten years without any children or wife. This person was bound into an estate contract to sell his residence for $800,000 in November, 2011 when his tax basis in [...]

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Ask TaxMama Issue 633 – Daylight Savings Time

March 9, 2012

Dear Family, Twice this week, Rick told me this weekend is Daylight Savings Time. I brushed him off. It makes no sense. This EARLY in March?!! Darned if he isn’t right! Share this:

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Ask TaxMama Issue 632 – Womens History Month

March 2, 2012

Dear Family, This week was very busy working on the Staples Tax Tweet and $5K Tax Giveaway. It turned out to be a lot of fun – and very informative. Share this:

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