Tag Archives: San Francisco

IRS Intensifies National Crackdown on Identity Theft

Courtesy of the Internal Revenue Service [TaxMama note: Did THIS ever happen to you? If you were the victim of tax identity last year, make SURE you get your special Identity Protection PIN (IP PIN) from the IRS so no one can steal your refund by pretending to be you.] WASHINGTON — Continuing a year-long enforcement […]

It Never Hurts to Ask

Today TaxMama® hears from Sue, who overcame a big problem. To make a long story short, Sue suddenly discovered, purely by accident, that she’d only been paying one of the two taxes required by her city for her business. They hit her with about $12,000 worth of back taxes, penalties and interest. Uh oh. What […]

Afraid to Fly

Now that tax season is over (at least, phase I), today TaxMama® wants to treat you to a little fun.  Until now, I’ve preyed on your fear of taxes. Today, let’s play with your fear of flying.

Put On your Thinking Cap – A Quiz

Put your thinking cap on and don’t cheat… 1. In the 1940’s, where were automobile headlight dimmer switches located? a. On the floor shift knob b. On the floor board, to the left of the clutch c. Next to the horn

Crazy Cat Lady Takes On IRS

By David Stone, EA [TaxMama Note: This is the where I first read about the Tax Court case referenced in today’s TaxQuip.  Thanks David! ] Every town has a crazy cat lady, with way too many cats littering her property. Neighborhood kids walk past the house and wonder if it’s haunted. Adults drive past and […]

The Important Things in Life

I planted some bird seed.  A bird came up. Now I don’t know  what to feed it. ~~~ I had amnesia once — or twice. ~~~ I went to San Francisco .  I found someone’s heart. Now what? ~~~ Protons have mass?  I didn’t even know they were Catholic. ~~~ All  I ask is a […]

Raise Your Credit Score

Today TaxMama wants to speak to you about your credit score and how fix it and raise it.

No Depreciation Schedules

Today TaxMama hears from Enrolled Agent Alison Jacks in  San Francisco who brings up an important issue. “What do you think of the fact that many (dare I say most?) tax professionals do not seem to provide depreciation schedules with the taxpayer’s copy of the tax return? I pretty much blew a fuse yesterday and […]

TaxMama’s Tax Quips and Egg Donor

Today TaxMama hears from Puzzled in San Francisco, CA who wants to know: “My financial advisor told me there is a great deal of uncertainty with regard to egg donor compensation. Many egg donor boards mention that if the compensation if considered “pain and suffering” then it’s not taxable. I would much rather keep the […]

Amended Return Secrets

Today TaxMama hears from Troy in San Francisco, who tells us, “I made a mistake on my 2002 and 2003 Schedule D. My losses were greater than I reported. Since I already took the maximum $3,000 loss for 2002 and 2003, the only number affected is my capital loss carryover (not my 2003 Adjusted Gross […]