Tag Archives: Fee

Penalty for Late Filing

  Today TaxMama hears from Debbie in the TaxQuips Forum with this concern. “I just filed for 2009.  I am qualified for refunds from both the fed and the state.  Will I be penalized for late filing if I DO NOT owe any taxes?”  

TaxMama’s Tax Roundtable – October Session

Note:  TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. Don’t you wish you were here? REPLAY today’s session below – you can listen and SEE the session and forms

NSF Charges

Today TaxMama hears from Toni in the TaxQuips Forum. She just wants to confirm. “NSF charges are allowable, aren’t they?  Years ago, as an auditor, I used to disallow them. At some point I was told by either review or appeals that they are allowable.  I still don’t think they should be & a client who […]

Credit and Debit Card Fees Related to Tax Payment are Deductible

IR-2009-37, April 7, 2009 WASHINGTON — Credit or debit card convenience fees charged for paying federal individual income taxes electronically are deductible for some taxpayers who itemize, the Internal Revenue Service announced today. Federal law bars the IRS from paying any fees associated with these credit or debit transactions. Card processors normally charge taxpayers for […]

New LLC fee court decision

Courtesy of Spidell Publishing Inc. A California Court of Appeal has ruled that the LLC fee must be apportioned in Ventas Finance I, LLC. The court ruled that, while former R&TC §17942 — as applied to Ventas — violates the Commerce Clause, neither federal due process nor any principle of California law requires the FTB […]