Internal Revenue Service

Taxes After Death

April 30, 2012
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Today TaxMama® hears from Darlene in the TaxQuips Forum with this question. “A couple has filed married filing separately for at least 4 years. About 3 years ago he went into a nursing home. She continue to file married filing separately, preparing his return for him also. The nursing home took just about all his [...]

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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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Missed the Income Tax Deadline – IRS Offers Help for Taxpayers

April 20, 2012
Forgive yourself

Courtesy of the IRS The IRS has some advice for taxpayers who missed the tax filing deadline. Don’t panic but file as soon as possible.If you owe money the quicker you file your return, the less penalties and interest you will have to pay. Even if you have to mail us your return, the sooner [...]

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Malpractice Settlement

April 19, 2012
anger

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Today TaxMama® hears from Peter in the TaxQuips Forum with this story “I have just settled an attorney malpractice litigation where a small settlement was received. The insurance company wants my Social Security Number, which I feel is not needed. My position is that I am only recovering a fraction of what the attorney was [...]

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EFiling on Tax Day

April 17, 2012
efiling

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Today TaxMama® wants to give you a very last minute tax tip if you’re efiling your tax returns on the very last day of tax season.   Share this:

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Ask TaxMama Issue 638 – Happy Friday the 13th

April 13, 2012
friday the 13th

Dear Family, Happy Passover. Still a couple of days left. Are you craving bread yet? Getting ready for the traditional pizza frenzy after the holiday is over. Soon. Soon. Meanwhile, get your tax questions answered – live. Call us this morning – TaxMama and Bob McCormick on his Money 101 show  on KFWB Los Angeles. [...]

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Managing Your Tax Records After You Have Filed

April 13, 2012
files

Courtesy of IRS Keeping good records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your return for an audit. Here are five tips from the IRS about keeping good records. Share this:

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Wage Settlement From State

April 10, 2012
form 1040

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Today TaxMama® hears from Ken in the TaxQuips Forum with this happy news. “Several years ago I worked for a company that ran out of money and couldn’t make payroll. I continued to work for several months with the promise that the wages would be paid. Eventually, I requested a layoff and left the company. [...]

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Gift to Daughter

April 9, 2012
gift

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Today TaxMama® hears from John in the TaxQuips Forum with this quick question. “I gifted monies ($5,000) to my daughter in 2011. How do I account for this in my 1040 filing? What other associated forms need to be included to do this?” Share this:

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