Ask TaxMama Issue 528 – A Victory for the Aspiring Homeowner

Happy Birth Anniversary to Mary Travers of Peter, Paul and Mary

Dear Family,

The Worker, Homeownership, and Business Assistance Act of 2009 (WHBAA) passed nearly unanimously in the House today. HR 3548 is about to be signed by President Barack Obama.

I’ve been tracking the progress of this all week, using a new media source to post my notes. All Voices is an interesting concept. When you write your article, it links it to all related information, videos, photos and audios. Really nifty. I’ll be using this for regular, spur of the moment updates. If you want to stay informed in more than 140 characters (Twitter), just click on the heart on my profile page. A girl can always use fans. ;~)

Back to the WHBAA – Included in the bill were the provisions we exhorted our legislators to add, so IRS has the power to get documentation when the claim for the refund is filed. I want to thank all of you who went to the trouble to contact your legislators to encourage them to add these provisions!

In IRS News this week you are invited to Solutions Saturday. If you’re having problems paying your tax bills, you WANT to read about this! We also learn the details of the The Worker, Homeownership, and Business Assistance Act of 2009

Incidentally, you might want to visit a new site where tax professionals are getting into discussions. You will find some of TaxMama’s answers there, too.

In this week’s blog – TaxMama explains how to handle the $2,400 tax-free unemployment income when it comes to computing your dependent’s gross income for support purposes. Blog

In today’s Money Funny we learn how to achieve Inner Peace.

In TaxQuips this week we learn about the concept of being an “equitable owner” of a home; whether someone working overseas has to report their overseas income; how long the $500,000 personal residence exclusion is usable after a spouse dies – and about how to title your residence; and if the personal residence exclusion applies to someone who has inherited a 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.

TaxNerd gear makes a bold statement during tax season.
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Hugs from your favorite TaxNerd,

Eva Rosenberg, EA

Your TaxMama is watching…out for you.


12.15.2009 Employers Make monthly Payroll tax deposit
12.15.2009 Corporations – 4th Quarter Estimate Due
12.31.2009 Last Day to Open KEOGH account for 2009 deposits
01.15.2010 4th Estimated Payment for 2009 Due
01.15.2010 Employers Make monthly Payroll tax deposit


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Feel free to share this link with your friends, your clients and your mailing list.
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Wouldn’t you love to get your logo or family crest, or picture or whatever, EMBROIDERED on hats and T-Shirts?

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