Today TaxMama hears from Jimmy in the TaxQuips Forum with a distressing problem. “I received a notice from the State of Ohio Tax Bureau that I owe a large sum of taxes for 2004 and 2005. My taxes are taken directly out of my paycheck by my employer and I know that I paid my […]
Dear Family, This morning started with Kat and Gina on the Moms Making a Million radio show. Their goal is to help a million moms make a million dollars. Don’t you love that goal? They offer clever money saving tips and have charming guests, like Paul Petillo who talked about investments you should not ignore.
Problem Resolution and Focus Groups Problem Resolution had a facility at the Tax Forum. One of my friends brought a case file with her (and power of attorney forms, etc.). When picking up her registration packet on Monday, she was given a form to fill out with the specifics of her case (and a copy […]
Dear Family, Never make the mistake of answering the phone in the morning when you’re on deadline. Once you start, you just can’t stop. Usually, I have the phones turned off Friday morning, so I can produce a delightful, upbeat, interesting issue for you. Instead, let’s see…one women got a notice from IRS about a […]
Dear Family, This morning I started reading the Taxpayers Advocate’s (TAS) report to Congress and completely lost track of time. Does that happen with you, too? For me, reading is a fully absorbing activity. Books are especially dangerous. Once I sit down with a book, I’m lost. I’ll stay up all night to finish it. […]
Today TaxMama needs to explain the purpose of the Taxpayers Advocate Service, based on a misconception expressed in the TaxQuips Forum. Peter says his problem is in the hands of the Taxpayers Advocate. So he’s just going to sit back and wait for them to take care of everything.
Dear Family, Please join me this morning on BlogTalkRadio as TaxMama joins Diane Young at 8:00 am PST Her show is Women and Money: Building Financial Confidence. If you can’t tune in live, you can listen later. www.blogtalkradio.com/diane-young Happy Universal Letter Writing Week! You may not remember, but before email and texting, there was an […]
Today TaxMama hears from Mark in West Virginia with this problem. “The IRS thinks I owe them money from 1999. I have proof to the contrary, but they say I can’t file a 1040x after 3 years. Even the Tax Advocates told me that. My father acting as my power of attorney filed it through […]
Dear Family, An odd thing happened earlier this morning when I was goofing around on Pogo.com, playing one of the solitaire games. I learned something. They have a chat function, alongside the game, which I usually ignore. This morning, it was very busy. Turns out, this woman’s husband had broken a lightbulb, while it was […]
In this year’s annual report to Congress from Nina E. Olsen, the Taxpayers Advocate, she touches upon areas that have been troubling TaxMama for quite some time. In particular, the fact that millions of taxpayers will be facing potential cancellation of debt issues, hardships paying last year’s taxes, and unregulated tax professionals. IRS Commissioner Doug […]
Today TaxMama hears from Sal in New York, who has a gripe. “How many years has the maximum capital loss deduction been set at $3,000? To me it seems like forever. Don’t you think $3,000 is stingy, unfair and unrealistic in today’s investment world? How was that amount arrived at? Why is no one speaking […]