United States

Ask TaxMama Issue 634 – Happy St Patty Weekend

March 16, 2012

Dear Family, Out here in the Valley, the day looks dark and gloomy. That in-between time, when the world is trying to decide whether or not to rain. The birds and squirrels seem to love it. Lots of fluttering around (birds) and frolicking (squirrels). Rick just called and said he’s taken a busload of children [...]

Read the full article →

Ask TaxMama Issue 633 – Daylight Savings Time

March 9, 2012

Dear Family, Twice this week, Rick told me this weekend is Daylight Savings Time. I brushed him off. It makes no sense. This EARLY in March?!! Darned if he isn’t right! Share this:

Read the full article →

IRS Offers New Penalty Relief and Expanded Installment Agreements

March 7, 2012

Courtesy of the IRS IRS Offers New Penalty Relief and Expanded Installment Agreements to Taxpayers under Expanded Fresh Start Initiative WASHINGTON — The Internal Revenue Service today announced a major expansion of its “Fresh Start” initiative to help struggling taxpayers by taking steps to provide new penalty relief to the unemployed and making Installment Agreements available [...]

Read the full article →

Ask TaxMama Issue 632 – Womens History Month

March 2, 2012

Dear Family, This week was very busy working on the Staples Tax Tweet and $5K Tax Giveaway. It turned out to be a lot of fun – and very informative. Share this:

Read the full article →

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, [...]

Read the full article →

Ask TaxMama Issue 631 – Happy Black History Month

February 24, 2012

Dear Family, I left the house this week. You don’t think that’s news? Let me tell you, I am so well cocooned here in this office, that I can reach out and do anything from here – even teach a class with a 100 people. And do a fabulous Twitter chat with Melinda Emerson the [...]

Read the full article →

2010 401k Rollover

February 22, 2012

Podcast: Play in new window | Download

Today TaxMama® hears from Tom in the TaxQuips Forum with this issue. “I rolled over a 401k directly to a Roth IRA in 2010. I received a 1099 for this, but did not fill out an 8606 when I submitted my 2010 return. The plan was to report half of the taxable amount in 2011 and [...]

Read the full article →

Dirty Dozen Tax Scams

February 17, 2012

The Internal Revenue Service has issued its annual “Dirty Dozen” tax scams list, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. The Dirty Dozen listing, compiled by the IRS each year, lists a variety of common scams taxpayers [...]

Read the full article →

Overseas Freelancer

February 16, 2012

Podcast: Play in new window | Download

Today TaxMama® hears from Jim in the TaxQuips Forum with this question. “I live in Thailand and do some freelance work. I can’t put that income on Form 2555 for the Foreign Earned Income Exclusion because I had to return to the US for 60 + days for an operation. How do I report this [...]

Read the full article →

Ask TaxMama Issue 629 – Happy Valentines Weekend

February 10, 2012

Dear Family, It’s a beautiful, sunny day here in Southern California. Lots to do. And oh yes, don’t forget. Valentine’s Day is next week. If you’re going to get something…order it now (like these lovely hearts…). Hopefully, you’re making progress getting your tax returns ready for filing. Please remember, don’t file too early. There are [...]

Read the full article →

← Previous Entries

Next Entries →