Ask TaxMama Issue 654 – Still Summer

Dear Family,

Friday is a nice, gray day here in the Valley. The sun is not burning brightly down upon our heads and shoulders – at least, not yet. Thank goodness. It’s been tough out there – and my car’s A/C unit seems to have a leak. It only blows cool air when Rick recharges it. By the time I use it two days later…the coolant is gone. It’s suffocatingly hot – even with the windows open. (Don’t worry, we’re not experiencing global warming. It’s just cyclical. The cycles only last a little while – and eon or so.)

This intense heat affects seniors, and those who are frail, a great deal more than young, healthy people. Sethu Subramanian posted some guidance to help us prevent strokes in this weather. Speaking of seniors and those in need of physical therapy, we have an appeal for help from Chris Reed. It seems that in these time of health-care flux, the State of California’s Legislature is monkeying with the way seniors receive physical therapy – perhaps making it impossible for them to work with the therapists they know and trust. They are messing with your Medicare and tax dollars! Please read Chris’s appeal. And if you’re in California – take action. This could affect you, or someone you love.

Moving on to Mom. This week’s Money Funnies will make you laugh or cry…or groan, depending on your perspective. As three grown sons help out Mom.

Today, in IRS News we get some tips from the IRS about deducting our charitable contributions. (Did you ever read what happened to the Cat Lady’s contribution deductions?). The IRS also explains about the notices we’re apt to get from the IRS now and then. For even more detail about these notices and in-depth tips, read TaxMama’s ® Equifax blog.

This week’s It’s A WAHM thing column was inspired by recent reports from the Treasury Inspector General for Tax Administration’s (TIGTA) office about all the fraud in the tax system, and by a TaxQuips post about a young Chinese girl who met a really bad tax pro.

This week’s Equifax Blog also spends some time on those who are self-employed…Working Like an Employee While Being Paid Like a Freelancer

If you want to see all the TaxQuips from earlier in the week, drop by here. There are some interesting topics.

Incidentally, if you’re looking for a job, an intern, or a new employee, please visit the new TaxMama Career center, partnered with For 15% off on any postings or orders, use the code: taxcareers

CPE Link just got approved for the California CTEC program. So my upcoming classes will qualify for CTEC credit, in addition to EA, CPA, RTRP credits. Next week’s class is the 8-hour RTRP review course.

If you haven’t scheduled your exam date yet, in this week’s blog, I explain why you may want to reserve that date now!

At TaxMama’s EA Exam Review Course. Tomorrow, we’re working on a sample Form 1065. And we’re starting to work on Corporations. You still have time to Join the fun!

Remember to follow TaxMama®’s Tweets –

Remember to follow TaxMama®’s Tweets –

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

Let’s address a few tidbits of news – and go back to work!

Weekly Equifax blog is still going strong.
Filing Taxes: Paperwork For Your Tax Professional
Avoid Paying Penalties on Estimated Taxes
Learning from Your Tax Filing Mistakes
After Filing Taxes: Responding to Letters from IRS
Tax Tips: How Long Should You Keep Records?
Using Standard Mileage Rate for Business Deductions
Making Estimated tax payments
Free Money Coming Your Way Due to Tax Mistakes
Using Your Home Renovation to Maximize Tax Benefits
Money Management: Explaining Paystubs to Your Teen
Harvesting Capital Gains Now—or Later
Celebrity Tax Hit List: Celebrities in Tax Trouble
Tell IRS and Your State When you Move
Beware of Paying Increased Property Taxes
Working Like an Employee While Being Paid Like a Freelancer – New!

Ruling poses tax issues for same-sex couples
Lots of Tax Fraud Going On – IRS tax credits are a popular target (to come)


What is the Best Entity for Your Business?
The Non-Profit as a Business Model
Tax Issues Regarding Copyrights and Trademarks
Business Licenses You Need and Trust
Now That You Have an LLC, it’s Time to Make Tax Decisions


Home Based Business Accounting Software Options
Writing off your Family’s Vacation
TaxMama’s 10 Tips for Success
Writing off summertime parties.
Vehicle Deductions Driving You Crazy?
Are You Classifying Your Workers Properly? (note – this links to TaxMama overview of Stakeholder liaison discussion)
The Ins and Outs of
Do you have a Marital Conflict of Interest?
A Moving Story – or Three Good Reasons to Tell IRS You Moved
Working with a Tax Pro and Avoiding Fly-By-Night Outfits – New
Will Provisional RTRPs be Able to Meet the Compliance Deadline? – New!

You can find daily TaxQuips into YouTube videos

As always, we love your feedback, opinions and ideas.

You are what makes all this fun – and interesting!

TaxNerd gear makes a bold statement year-round.

Hugs from your favorite TaxNerd,

Eva Rosenberg, EA

Your TaxMama®


08/30/2012 Time for businesses to consider setting up retirement plans
09/17/2012 Employers Make Monthly Payroll tax deposit on the 15th of each month
09/17/2012 Partnership Returns Due- FINAL DEADLINE
09/17/2012 Corporate Returns Due- FINAL DEADLINE
09/17/2012 S Corporate Returns Due- FINAL DEADLINE
09/17/2012 Estate & Trusts Returns – Final Deadline; Bankruptcy fillings use the same form
09/17/2012 Individuals, Farmers & Fishermen Pay 3rd Quarter Estimated Tax Payment
09/17/2012 Corporations – 3rd Quarter Estimate Tax payment Due
09/17/2012 Estates & Trusts 3rd Estimated Tax Payment
09/17/2012 Deadline for Corporations and Partnerships to fund SEP-IRAs for previous year.
09/30/2012 Last day to establish SIMPLE plans for current year
09/30/2012 Time for businesses to consider setting up retirement plans

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