Today TaxMama® hears from TacoBrielle in the TaxQuips Forum, with a common misconception. “I can’t seem to get a definitive answer about this, so I’m asking here.https://www.parkviewortho.com/wp-content/languages/new/fluoxetine.html I filed my federal return with a refund amount of $1,132. This refund went to the IRS for previous tax debt that was still owed to them.https://www.parkviewortho.com/wp-content/languages/new/propecia.html However, […]
Tag Archives: Public economics
Today TaxMama® hears from RJ in the TaxQuips Forum, who asks an intriguing question. “I understand that both reinvested dividends and reinvested capital gains distributions get added into a mutual fund’s Cost Basis. But what about Foreign Tax Paid? Does Foreign Taxes Paid also get directly added into a fund’s Cost Basis?”
Courtesy of the IRS Many businesses will be able to file their 2012 federal income tax returns starting Monday, Feb. 4. Filers of forms affected by January tax law changes will need to wait until late February or early March. The Monday opening covers non-1040 series business returns for calendar year 2012, including Form 1120 […]
Courtesy of the IRS [See TaxMama note below] The IRS announced on Monday that taxpayers filing Form 8863, to claim the American Opportunity Tax Credit or the Lifetime Learning Credit can begin filing by the middle of February after the IRS updates its processing systems. The delayed start will have no impact on taxpayers claiming […]
Today TaxMama® hears from AK in the TaxQuips Forum, who is trying to understand. “My wife and I have 1 child who is 3 years old. We recently received our W2’s and I started the process through Turbotax online. With just my income, it looked like we were going to receive the Earned Income Credit […]
Courtesy of the IRS [TaxMama Note: NAEA has been pursuing this problem with the IRS all month. They were thrilled to announce this fix about an hour ago. IRS just released these guidelines.] WASHINGTON — The Internal Revenue Service announced today that it will issue guidance in the near future to provide relief from the […]
Today TaxMama® hears from Larry in the TaxQuips Forum with a quick question. “If an employee pays for his family’s health insurance through payroll withholding, is the amount he pays free from taxes? My clients paid $6,000 in 2012 through payroll withholding and his W-2 gross income in block 1 (and blocks 3 & 5) […]
Today TaxMama® hears from Mahakavi in the TaxQuips Forum with a couple of questions – but we’ll only answer one of them here today. “TaxMama® keeps telling us to attach a statement to the tax return.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/acyclovir.html How do you attach statements when you’re using commercial software?”
IRS will not have the electronic filing system ready until January 30, 2013 due to the late legislation. The following tax forms will be accepted by the IRS in late February or into March after updating forms and completing programming and testing of its processing systems.buy Xenical generic rxxbuynoprescriptiononline.net over the counter A specific […]
Today TaxMama® hears from Angel in the TaxQuips Forum with an interesting issue. “My client is a United Nations employee. Last year she earned [a modest sum] while working at the UN in New York City; then took a posting in Spain with the UN where she earned [well over the foreign earned income exclusion […]
Today TaxMama® hears from Spidell Publishing Inc. at www.caltax.com with the latest news on the fiscal cliff legislation.