Eva Rosenberg joins Jim Blasingame to report on the lack of final direction for filing taxes under the last tax bill, which is almost a year and a half old, plus the fact that while most small businesses received a cut, many didn’t who should have because too much was given to corporations.
Well, the U.S. Government is finally back open – if for only three weeks. The IRS is driving along on all cylinders. But it’s really hard to get through to them or to the Taxpayer Advocate Service. So what’s a taxpayer to do?
Today TaxMama® hears from KW who is selling his former residence. He wants to know if the residence he bought in 1991 and converted to a rental in 2007 still qualifies for the personal residence exclusion of $250,000?
Eva Rosenberg joins Jim Blasingame to reveal what caused her to become an enrolled agent and tax expert. Listen Below: Part 1: Find interviews with Small Business experts on the Small Business Advocate show Part 2: Find interviews with Small Business experts on the Small Business Advocate show Part 3: Find interviews with Small Business […]
(This Article was originally published in 2014 By TaxMama and has not been updated – but the pros and cons are useful.) College Savings Plan? Or is it for Retirement? Recently, I went to a meeting discussing those Code Section 529 Education Savings Plans you’ve been hearing so much about. You haven’t heard about them? […]
Today’s TaxQuip is sponsored by X-Acto electric pencil sharpeners. As you might have guessed, my favorite classes in school were my English classes, where we got to write compositions, essays, analyze newspaper articles and editorials. The best teachers I knew were those who red-penciled our papers. Sometimes, my pages looked as if they were bleeding. […]
A first home? Today TaxMama® hears from Emily in the TaxQuips Forum with an excellent question. “I’m 35 years old and taking money out of an IRA for a down payment on my house. I am not a first time homebuyer. This will be my primary residence. Should I roll my IRA into a ROTH […]
Today TaxMama® hears from Jeff in the TaxQuips Forum with a very common type of problem. Let me paraphrase. “My wife had a traditional IRA at Vanguard and we rolled it over to another company where I set up the account. We didn’t notice that the account was in my name, instead of hers until […]
Today TaxMama® hears from Melissa in the TaxQuips Forum. “I was granted innocent spouse relief after my divorce in 2013. Yet when I filed my taxes this year, I didn’t get my refund and received no info on why; or if it went to my ex-husband’s unpaid state (WV) taxes, that he hasn’t paid for […]