Tag Archives: unemployment

Supporting Family

Today TaxMama® hears from Sue in the Tax Quips Forum with this issue. “My parents are both unemployed and lived with me all year. My dad did receive unemployment, but it was about $3,300 for the entire year – my mom did not receive any unemployment. My younger sisters also lived with me – they […]

Phooey on FUTA

Today TaxMama hears from Terri in the TaxQuips Forum with a question. “I am a California business. Each year we did an annual return for Federal Unemployment tax (FUTA) taxes as a reconciliation for the payments we make each quarter.  We did the same annual return for CA SUI.  Beginning in 2011 The State of […]

Signs of an Improving Economy?

US economy adds 54,000 new jobs in May – that sounds pretty good, doesn’t it? The WSJ’s perspective – Jobless Rate Rises as Pace of Hiring Slows USA Today adds – Unemployment rates jumps to 9.1% as U.S. economy adds 54,000 jobs The Huffington Post scoffs – U.S. Only Added 54000 Workers In May As […]

Interns and Unemployment

Today TaxMama hears from John in the TaxQuips Forum, who wants to employ students.“ The business I work for is very small. It is a nonprofit educational facility, and we are swamped with work, without financial leverage to hire additional staff.  I want to recommend the hiring of interns at a fair hourly wage.  I am […]

People Out of Work May Be Overlooking Tax Breaks

According to a CompleteTax survey, you may be overlooking tax breaks that can save you money. When it Comes to Unemployment, Knowing What’s Taxable, What’s Not Makes a Difference (RIVERWOODS, ILL., January 27, 2011) – At the end of 2010, 14.5 million people were unemployed and many more were out of work at one time […]

Social Security Disability Claims

Today TaxMama wants to talk about a grave problem. Social Security Disability claims are rising at an alarming rate.  In just one year, from 2008 to 2009, Social Security disability applications rose by 21 percent. This kind of growth threatens to sink the system.

Ask TaxMama Issue 562 – Tax Holidays and More

Dear Family, This has been an interesting week. I got to do some political lobbying and met a passionate woman. Rebecca Madigan gave up a perfectly good job to pursue the cause of small business-owners, affiliate marketers, generally, folks who work from home. Rebecca started the Peformance Marketing Association (PMA) to help set standards for […]

Unemployed and Moved

Today TaxMama hears from Ron who is about to be laid off. He tells us, “I was notified on February 26, 2010 that I was being laid off as of August 2010.  I sold my home on May 25th, knowing I wouldn’t be able to afford the mortgage after my layoff.  I only lived in the […]

Less Income, Yet Taxes are Due

Today TaxMama hears from Felicia who is upset. “My mother and I bought a home two years ago; but both of us lost our jobs and are on unemployment. For some reason, when she was doing her taxes with her tax lady, my mother ended up owing almost $1,000.00. Why would that happen if she […]