Tax credit

Outreach to Small Businesses and Practitioners About the Small Business Health Care Tax Credit

September 9, 2011

As Tax Filing Extension Deadlines Near, IRS and HHS Announce New Round of Outreach to Small Businesses and Practitioners About the Small Business Health Care Tax Credit Video: Small Business Health Care Tax Credit-Updated English | Spanish | ASL WASHINGTON — As the upcoming filing extension tax deadlines approach, the Internal Revenue Service, in partnership with the [...]

Read the full article →

Lifetime of Education

May 26, 2011

Podcast: Play in new window | Download

Today TaxMama hears from Susan in the TaxQuips Forum with a quick question. “I am taking Career Step online transcription training. Can I receive the Lifetime Learning Credit?

Read the full article →

IRS Seek Public Input on Certain Employer Provisions of the Affordable Care Act

May 13, 2011

Courtesy of IRS WASHINGTON — The Treasury Department and Internal Revenue Service today requested public comment on issues relating to the shared responsibility provisions included in the Affordable Care Act that will apply to certain employers starting in 2014.

Read the full article →

Eight Essential Facts about Claiming the First-Time Homebuyer Credit

February 8, 2011

Courtesy of IRS. [TaxMama Note: Read TaxMama's MarketWatch article, due out on February 11th, about the Homebuyer Credit, tips to avoid delays, and information about how to deal with unusual situations.] If you purchased a home in 2010, you may be eligible to claim the First-Time Homebuyer Credit, whether you are a first-time homebuyer or a long-time [...]

Read the full article →

We Have Bush-Era Extenders

December 17, 2010

Just to get the law passed last night, the House agreed to the Senate’s version of the extender bill. But they limited the benefits for two years, giving them time to improve on the balancing act and refine the benefits. Let me give you a brief summary of things that affect your life.

Read the full article →

Flying High

April 14, 2010

Podcast: Play in new window | Download

Today TaxMama hears from Kathleen in the TaxQuips Forum, who is curious. “I attended a flight school in ’09 and earned my helicopter commercial pilot certificate as well as flight instructor certificate. I now work as a commercial pilot & flight instructor. The school is not a typical college/university. But I did receive my certificates from [...]

Read the full article →

Ask TaxMama Issue 537 – Life is Electric

January 22, 2010
PlayPlay

E-Book PDF: Open in New Window | Download

Dear Family, It’s been pouring all morning. Last night, working here in front of the patio window, it suddenly got a bit frightening. Can you be struck by lightening inside your own house? There were flashes so close to me that I had to back away from the computer, the the things on the desk, [...]

Read the full article →

Garage or Home

November 18, 2009

Podcast: Play in new window | Download

Today TaxMama hears from Carole in Washington State who tells us. “My brother, a 1st time real estate buyer, is considering the purchase of a property with a garage/shop on it (not a house). Would this purchase qualify for the $8,000.00 1st time buyer tax credit?”

Read the full article →

Son’s Girlfriend’s Baby

November 12, 2009

Podcast: Play in new window | Download

Today TaxMama hears from Anthony in North Carolina with this story. “My son’s pregnant girlfriend moved in, back in May and the baby was just born. My question is, will I be able to claim both of them, girlfriend and baby, on my 2009 taxes? If so will I get the child tax credit for [...]

Read the full article →

Tax Credits for Hiring Unemployed Veterans and Certain Youth

May 29, 2009

IR-2009-55, May 28, 2009 WASHINGTON — Businesses planning to claim the newly-expanded work opportunity tax credit (WOTC) for eligible unemployed veterans and unskilled younger workers hired during the first part of 2009 have until Aug. 17 to request the certification required for these workers, according to the Internal Revenue Service. Newly-revised Form 8850, now available [...]

Read the full article →

← Previous Entries