Ask TaxMama Issue 524 – Obama at Peace

Happy Anniversary of the Ellery Queen Show

Dear Family,

The news of day. You are hearing (seeing) it everywhere.
President Obama was awarded the Nobel Peace prize. Wow!

All anyone can talk about is ‘why’?

Perhaps he will earn it someday. Perhaps President Obama really will achieve peace, somewhere. So far, he’s just in the beginning stages. Frankly, this must have come as quite a surprise to President Obama, too.

It seems Obama must have been nominated just days after his inauguration. So was the prize given just because he is the first American President with African-American roots? Or because he was the first to use the Internet effectively to rally support? Certainly as of February 2009, the nomination was premature.

Well let’s just hope this inspires America’s allies and adversaries to work more enthusiastically with our President and Secretary of State to bring about peace. Somewhere. Anywhere! Or perhaps everywhere.

This is a big mandate to live up to. Whew!

Regardless. It’s a great honor – both to Barak Obama and to the people of the United States of America.

Meanwhile, back in the tax world, the final 2008 filing deadline is fast approaching. There is still time for business-owners to reduce your taxes, if you can get your hands on money to fund a SEP-IRA. Talk to your tax pro before you do anything. But the contribution can still save you thousands of dollars.

In IRS News this week. you learn how to certify your eligible new hires so your business can get a Work Opportunity Credit – and why.

In today’s Money Funny you what’s the difference.

And in today’s Inspiration, we see General Eisenhower’s foresight and wisdom.

In TaxQuips this week we learn about deducting moving expenses – business and personal; the deductibility and ethics of hiring legal vs illegal childcare providers; how to determine your COBRA assistance overpayment payments when your income is too high; and any tax breaks for cancelation of debt on the sale, foreclosure or short sales on your home.

As always, we love your feedback, opinions and ideas.
You are what makes all this fun – and interesting!

Please use the Comments link online.

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Hugs from your favorite TaxNerd,

Eva Rosenberg, EA

Your TaxMama is watching…out for you.


10.15.2009 Personal returns – FINAL DEADLINE
10.15.2009 Employers Make monthly Payroll tax deposit
11.02.2009 3rd Quarterly Payroll Returns and Pay Taxes Due
11.02.2009 3rd Quarterly Sales Tax Returns and Pay Taxes Due


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