Category Archives: *AskTaxMama Newsletter

AskTaxMama

STUNNING, SHOCKING IRS NEWS!

IRS operations to process third-party authorizations are now closed. Please do not fax requests for Centralized Authorization File (CAF) numbers until further notice. The Income Verification Express Service also is temporarily on hold. Possible alternative for tax administration purposes: clients can go to Get Transcript Online, create an account to verify their identities and immediately review […]

IRS News – Is this Income Taxable?

While most income you receive is generally considered taxable, there are some situations when certain types of income are partially taxed or not taxed at all.https://drugeriemarket.co.uk/wp-content/languages/new/propecia.html To ensure taxpayers are familiar with the difference between taxable and non-taxable income, the Internal Revenue Service offers these common examples of items that are not included in your […]

IRS News – Seven Tax Tips for Disabled Taxpayers

Taxpayers with disabilities may qualify for a number of IRS tax credits and benefits. Parents of children with disabilities may also qualify. Listed below are seven tax credits and other benefits that are available if you or someone else listed on your federal tax return is disabled. Standard Deduction Taxpayers who are legally blind may […]

IRS Updates and News – Some Campuses are Back at Work

Today TaxMama® wants to talk to you about some more news from the IRS. As you know, they are issuing announcements frequently.         Dear Family, The IRS announces that they have updated the stimulus look-up tools. Several people have told me that they can finally find their information. I was also able […]

News Flash – IRS Amnesty on Offshore Accounts

Second Special Voluntary Disclosure Initiative Opens; Those Hiding Assets Offshore Face Aug. 31 deadline  Courtesy of IRS [TaxMama note: We have been anxiously awaiting this announcement. IRS had mentioned that this was coming. This will be a huge help to people who never meant to conceal their ‘offshore’ accounts. They just didn’t realize they needed […]

TaxMama’s® TaxQuips Ask First Act Later

    It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to suggest that you get advice FIRST before making major financial moves.             Dear Family, Let’s start with the big thing this weekend – changing the clocks to Daylight Savings Time. Remember the old adage “Fall back; spring forward.” […]

TaxMama’s® TaxQuips What is the IRS Doing For You Lately?

Be my Valentine

Listen to the podcast here It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to let you know what kind of support you can expect from the IRS this year – if any.                   Dear Family, As you understand so well, since COVID19, it’s gotten harder than […]

TaxMama’s® TaxQuips An Upcoming Deadline – AND Is it Really the IRS at my Door?

It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to talk to you about some imminent deadlines – and about the IRS dropping by your place of business.       Dear Family, This year has flown by so quickly. I blinked and now it’s almost autumn. First, the upcoming deadline – September 15th is […]

TaxMama’s® TaxQuips IRS Changes and Notes

happy new year neon light signage

It’s TaxQuips time from TaxMama.com® .Today TaxMama® wants talk to you about an eclectic set of tidbits about IRS changes and news.         Dear Family, Recently, the IRS started releasing updated Frequently Asked Questions (FAQs) about different topics. They didn’t actually add new information or change any procedures. But did add more […]

The IRS is Cutting You Some Slack

It’s TaxQuips time from TaxMama.com® Today TaxMama® wants to tell you what the IRS, the Taxpayer Advocate, and a coalition of tax professionals just did for you.             Dear Family, Last week was an interesting week in Tax Land. Erin Collins, the Taxpayer Advocate, testified before Congress about the millions […]

TaxMama’s® TaxQuips The IRS Goes Online – and IRS E-File is Open Today

macbook pro on brown wooden table

It’s TaxQuips time from TaxMama.com® Today TaxMama® wants to address some of your concerns.       Dear Family, First of all, let’s start with the news you’ve been waiting to hear. The IRS e-filing system is officially open today.