Tax credit

Staples $5K Tax Giveaway

February 28, 2012

Transcript of the Staples and TaxMama Twitter Tax Event 2/28/12 I want to thank EVERYONE who joined us, retweeted us and asked great questions. Staples: Kick off tweets Welcome to our Twitter tax event! We were here with @TaxMama, ready to lay down some tax tips and answer questions. Okay, here we go! Take it away, [...]

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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 [...]

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Lifetime of Education

May 26, 2011

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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? Share this:

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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. Share this:

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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 [...]

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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. Share this:

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Flying High

April 14, 2010

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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 [...]

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Ask TaxMama Issue 537 – Life is Electric

January 22, 2010

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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, [...]

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Garage or Home

November 18, 2009

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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?” Share this:

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Son’s Girlfriend’s Baby

November 12, 2009

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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 [...]

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