Ask TaxMama Issue 632 – Womens History Month

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. I have posted the scripted chat on the site. Unfortunately, it’s a bit difficult to locate all the questions people asked via Twitter. (There a was a lot of cross chatter and re-tweets.)

Oh, remember to sign up for next week’s course. This is not just for tax pros or attorneys. It’s for anyone in the midst of, or contemplating a divorce –  Tax Checklist for Knotty Divorces.

The week before, we did a Small Biz Chat with Melinda Emerson, the SmallBizLady at . She asks good questions. Melinda posted the chat on her site, in case you want to read the discussion, without the interruption of lots of distracting tweets.


Several reporters called this week about a variety of topics. It seems one of the hot issues is the delayed refunds. People posted questions in the TaxQuips Forum about that, too. Have patience my friends. The money IS coming. There are glitches in the software due to the myriad of changes to the forms and processing. Improvements always include bugs. You know that in your own software.


And if you’re looking for your refund, remember, IRS has a Where’s My Refund tool on their website. H&R Block and some other software companies have apps for your phone.


Speaking of software glitches. Microsoft. (Need I say more?) My computer downloaded IE9 this week, unbeknownst to me. (Yes I do have the automatic updates turned off.) I HATE IT!!!!!!!!!!!! It causes me to accidentally close tabs with data I am working on before it’s saved. (and I am a compulsive ‘ctrl S’er or SAVE button hitter.) I had to redo this newsletter THREE times before it saved the basic information. GRRRR…. This stupid program has been like that all week. There is a reason I don’t like installing new software during tax season. It wastes too much of my time.
Moving on to good news. The EA Exam is over for now. Now we can concentrate on tax season. Lots of people passed their last-minute exams. But there are some people who didn’t quite pass Part 2. One person committed the major sin of changing answers at the last minute. (they were correct before the change….ARGHHHHHH) Since there are a few people who’d love to be able to pass Part 2 right after the window opens, we’ll do some follow-up sessions in May, before the live class starts.


Let’s look at fun things. TaxMama’s Utlimate Tax Nerd Contest is generating some creative pictures. Our second week winners – The SECOND weekly winners in TaxMama’s search for the Ultimate Tax Nerd of 2012 are:

Winner of the POPULAR VOTE – Clint Masser, It’s a Bird, It’s a Plane and Susan Holtgrefe, EA for TaxNerds, the Real Truth., winner of Nicole’s Choice!


The contest will run until April Fool’s Day (naturally!) $5,000 worth of prizes.  I have added TaxMama/IRSExam gift certificates for each and every winner, ranging from $25 to $100.  And remember, we have tax software from CompleteTax, H&R Block, TaxAct, or TurboTax for all the winners. Come on folks. Let’s get some entries from people who are not tax pros!


In today’s IRS News we learn that people have misunderstood IRS’s new policy about bringing client’s tax returns to the taxpayer service centers. We get tips on free tax prep for the military. And there are 4 credits to be sure to snag!


In today’s Money Funnies, we see the kind of nagging famous people in history would have faced, if they had had Jewish Mothers! (All done affectionately, please. After all, I have one, too.)


Remember  Wazzub. millions are joining. It’s going to be a fun site. Who knows, maybe I’ll even be able to get my TV listings for a change? This site will launch in April – You can sign up for it early.


Remember to follow TaxMama®’s Tweets –


Have you put a nifty TaxQuips Widget on your phone, social networking page, website, or…? You’ll get the TaxQuips as soon as they published – about an hour before hey are distributed in by e-mail. It’s a fun gadget. Just pick up the code and paste into your site or application. My gift to you.



Let’s address a few tidbits of news – and go back to work!
TaxMama has launched a fun new contest. We are searching for the Ultimate TaxNerd of 2012! Everyone is invited to enter.


1) Weekly Equifax blog is still going strong.
Changes To Filing Taxes For Businesses

Saving Money On Taxes For Business Expenses
Track Down Your Missing W-2s


Coming up – Tax issues in divorce
Tax Form Changes to Watch For

4) CPE Link courses
Great class coming on March 7th – Tax Checklist for Knotty Divorces
This will be of exceptional use for people in the midst of divorce, contemplating divorce, or battling a divorce action for years – as well as tax professionals.


You can find daily TaxQuips into YouTube videos

This week’s TaxQuips

Schedule K-1 for IRA – Today TaxMama® hears from David in the TaxQuips Forum with a quick question. “I received a Schedule K-1 from a fund included in my IRA. I did not make any withdrawals from the IRA, and it is supposed to be tax-deferred. Do I have to include the information from the Schedule K-1 in my 2011 tax return?” […] Read the full article →

Get All the Paperwork – Today TaxMama® hears from someone else in the TaxQuips Forum who is being audited. “This person is being audited by IRS for a child tax credit. At this point, she can no longer locate the care provider to get her Social Security Number – the woman’s phone is disconnected. She didn’t get receipts for her […] Read the full article →

Staples $5K Tax Giveaway – 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 →
Overcome Closed or Signed-Off Audits – Today TaxMama® hears from someone in the TaxQuips Forum who was overwhelmed. Let summarize. “After a grueling audit, and a lot of personal tragedies, the IRS agent went back and reviewed the medical mileage. Despite having detailed evidence to prove the mileage, the reason it was medical mileage, and the reason the treatment needed to […] Read the full article →

In Business Yet? – Today TaxMama® hears from sh1207 in the TaxQuips Forum with this question. “In 2011, my wife started a home-run Montessori school in October. We spent about $2,000 in setting up the Montessori (supplies, furniture, license, etc.). We only got $600 in income from one child, who was with us for 3 hrs a day starting […] Read the full article →


Remember TaxMama’s Tax Calendar has been updated for 2012, with enough information to carry you through to the first quarter of 2013.

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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Eva Rosenberg, EA

Your TaxMama®


Your TaxMama®  is watching…out for you.






  • 03/15/2012 S-Corp Election Decision Due (if Applicable)
  • 03/15/2012 S Corporate Returns Due / Calendar Year
  • 03/15/2012 Issue K-1’s S Corporate Returns / Calendar Year
  • 03/15/2012 Corporate Returns Due / Calendar Year
  • 03/15/2012 Corporate Returns/S Corp Extensions Due / Calendar Year
  • 03/15/2012 Form 1042S – Foreign Persons US Income subject to withholdings
  • 03/15/2012 Form 1042 – Annual Tax Return of US Income subject to withholdings of Foreign Persons
  • 03/15/2012 Employers Make Monthly Payroll tax deposit on the 15th of each month
  • 03/15/2012 Electing Large Partnerships – Issue K-1s to partners – even if you’re on extension
  • 03/31/2012 Electronic filing of W-3’s with Social Security Admin including issued W-2’s
  • 03/31/2012 Electronic filing of US transmittal of US information Returns

—————————————– From TaxMama® to You! —————————————–

Follow TaxMama®’s Tweets –

You are invited to put a TaxQuips Widget on your phone, social networking page, website, or… You’ll get the TaxQuips as soon as they published – long before they are distributed in by e-mail. It’s a nifty gadget. Just pick up the code and paste into your site or application.

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