Tag Archives: Structure

Tracking Mileage

Today TaxMama® hears from Straffan in the TaxQuips Forum, with this quick question. “Do you have to keep a separate log with start and stop odometer readings for each business trip? Or can you just add mileage notes to a daily planning diary? Would you still have to include odometer readings in the diary to […]

S Corporation Overview

Today TaxMama® hears from someone in the TaxQuips Forum, who keeps asking similar questions about California LLCs and Canadian Limiteds owning an S Corp.  So, let me tell you a little bit about S Corporation rules.

IRS Offers Tax Tips for “The Season of Giving”

Courtesy of the Internal Revenue Service December is traditionally a month for giving generously to charities, friends and family. But it’s also a time that can have a major impact on the tax return you’ll file in the New Year. Here are some “Season of Giving” tips from the IRS covering everything from charity donations […]

LLC as C Corp

Today TaxMama® hears from Shar in the TaxQuips Forum, with this observation.  “If you start an LLC and elect to have it be taxed as a C-Corp, does this election require you to follow all the ongoing requirements of your state for maintaining a C-Corp (corporate minutes, complete set of books, etc.)? Or can you […]

Charity for Dying Man

Today TaxMama® hears from Jenenne in the TaxQuips Forum with this sad story. “At my husbands job they just found out that a fellow employee has been given 3-5 months left to live. The doctors say nothing can be done for him. Everyone is scrambling trying to get some money together for him to be […]

Free IRS Phone Forums – Employee Plans

  Free phone forums featuring IRS employees discussing retirement plan topics. Upcoming Phone Forums Determination Letter Issues Regarding Employee Stock Ownership Plans – October 28, 2011 The presentation will cover topics such as technical issues affecting ESOPs and recurring issues noted in ESOP determination letter submissions. Presenters are Don Kieffer and Rick Parker in the […]

Exempt Organization News

During yesterday’s IRS Stakeholder Relations meeting, we were treated to some information from Joyce Hoover, IRS’s Exempt Organization Group’s Senior Technical Advisor. She’s been working with exempt organizations for about 19 years…so she’s lived through the history and development of this department.  

Exempt Organization Updates

Today TaxMama wants to give you some updates on exempt organizations that may affect you.

Feral Cat Contributions

Today TaxMama hears from Elisa in Santa Clara, California who is doing something brave. “I am involved with groups and individuals who feed  and Trap/Neuter/Return (TNR) feral cat colonies.  The cats live outdoors and are not owned by the feeders.  Some people are part of non-profit groups but many are individuals.  For the individuals, can […]