Tag Archives: TaxQuips

Annual S Corp Meeting

Today TaxMama hears from Alyx in the TaxQuips Forum who is creative. “If you have a wife and husband S corporation, how can you write off an 8-day Caribbean cruise as a business expense for an annual meeting?  Is it true that if you have the meeting on one of the ports of call you […]

Injured Spouse Details

Today TaxMama hears from Karaya in the TaxQuips Forum who is frustrated. “I have filled an Injured Spouse form 8379 because part (a huge part) of my refund was retained to pay a student loan (debt by my spouse before we were married).  IRS sent me a notice that they couldn’t process the request because […]

Lifetime of Education

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?

Double Reimbursement

Today TaxMama hears from Doug in the TaxQuips Forum who is arguing with his work buddies. “We are a group of field technicians that work entirely out of our home and have no local office to report to. We drive directly from our home to a customer site, and the visit usually is completed that […]

Helping Son Pay College Loans

Today TaxMama hears from Jack in the TaxQuips Forum who is bursting with pride over his son. “We are in more of a position to help my graduating son financially than when he started 3.5 years ago. He’s very sharp with investments. So we’re looking for ways to develop these skills while building cash to […]

Should I File BK?

Today TaxMama hears from Bruce in the TaxQuips Forum who needs to make a decision. “My business failed last year and my wife and I are mulling over whether to declare personal bankruptcy due to this.  Towards the end of the life of the business, I put a lot of money on my credit cards, […]

Ripped off by Ex

Today TaxMama hears from Amy in the TaxQuips Forum with a very disturbing tale. Let me summarize. Amy’s ex forged her name to their joint 2004 tax return, stealing the refund. He stole her court-ordered share of his pension plan. No doubt, there is more going on. You can read her story and my detailed […]

Paying Past Due Taxes

Today TaxMama hears from Steve in the TaxQuips Forum with a reminder. He says, “After finding a true tax professional through one of the associations you suggested on this site, we feel much more confident, moving forward. We are now making voluntary payments with no installment agreement but designating the payments specifically to the Trust […]

From 1099 to W-2

Today TaxMama hears from Trisha in the TaxQuips Forum with good news. She says, “Recently I took a contract job starting out as a 1099 self-employed contractor. After 6 weeks, the company asked me to come on board permanently as a W-2 employee. I was taking out my own taxes for the first 6 weeks […]

Sales Tax Expense

Today TaxMama hears from Sirian in the TaxQuips Forum with a concern. He says, “I am an Internet marketer & web developer.  I have always collected state sales tax for my clients in my state (Texas).  When filing my Federal taxes I usually include the full income (including all state sales tax collected) in the reported […]

TaxMama’s Tax Roundtable – April 2011 Session

TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. REPLAY today’s session below – you can listen and SEE the session and forms. It will load slowly…perhaps slowly. But it will load