Tax forms in the United States

Part-Time or Seasonal Workers

June 26, 2009

Courtesy of the Internal Revenue Service June 04, 2009 For many businesses, summer traditionally brings an influx of part time or seasonal workers into the work force. Employers must ensure they are treating these workers properly for employment tax purposes. Generally, workers are either employees or independent contractors, based upon the facts and circumstances of [...]

Read the full article →

Complete List of Deductions

June 24, 2009

Today TaxMama hears from William in Florida with this request. “My wife is in school and doing her practicum in psychology. She is working for a nonprofit and considered a independent contractor. She was told she could take certain tax deductions such as mileage, cell phone etc. And I would like to get a complete [...]

Read the full article →

Who Gets 1099s

June 18, 2009

Today TaxMama hears from Linda in Pennsylvania, who tells us “I’m in charge of the mailing of 1099 MISCs for 2009. Who gets a 1099? Who doesn’t get one? Are there corporations that get 1099s? I think attorneys and accountants receive them.” Share this:

Read the full article →

Owes IRS

June 10, 2009

Today TaxMama hears from Dunn in Ohio, with this concern. “I owe federal taxes from when I was working for my employer. I have just started my own business (LLC). Will the IRS take the money I earn from my LLC to pay the personal taxes I owe?” Share this:

Read the full article →

Happy Mothers Day Weekend

May 8, 2009

Dear Family, Early this morning, while working on today’s issue, I was sitting here, exchanging notes with my EA Exam instructor in Portugal, Roger B. Adams, while we finish updating the new site and the 2009 course schedule. Yes, you’re bored, we’ve been working on this for weeks. Everytime we think we’re nearly done, we [...]

Read the full article →

IRS Reminds Small Tax-Exempt Organizations to File e-Postcards

May 8, 2009

IR-2009-49, May 6, 2009 WASHINGTON — The Internal Revenue Service today reminded many small tax-exempt organizations to file their annual electronic informational return with the IRS by the May 15 deadline. This is the second year of the new requirement for tax-exempt organizations whose gross annual receipts are normally $25,000 or less to file Form [...]

Read the full article →

What Happens After I File?

May 1, 2009

Courtesy of IRS – IRS Tax Tip 2009-73 Most taxpayers have already filed their federal tax returns but may still have questions. Here’s what you need to know about refund status, recordkeeping, mistakes and what to do if you move. Refund Information You can go online to check the status of your 2008 refund 72 [...]

Read the full article →

Amending Returns

April 27, 2009

Today TaxMama hears from Mike in Pennsylvania who wants to know. “How far back can I submit an amended return?” Share this:

Read the full article →

Taxable Social Security Income

April 15, 2009

Today TaxMama hears from Petey in Texas who is concerned. “I had to withdraw about $10,000 for air conditioner replacement and other household maintenance from my annuities. Because of these withdrawals, my taxable Social Security income has gone from $4,800 last year to $13,000. this year. Does this sound right to you? Could I be [...]

Read the full article →

Special Tax Break Available for New Car Purchases This Year

April 3, 2009

IR-2009-30, March 30, 2009 WASHINGTON — The Internal Revenue Service announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year. “For those thinking about buying a new car this year, [...]

Read the full article →