Ask TaxMama Issue 667 – Merry Holiday Season

Happy Chanukah, Merry Christmas, Habari Gani? Dear Family,

This week’s IRS News provides some insights into what’s going on in Congress, especially on the committees that will be voting on our taxes. It all comes to you courtesy of our watchdogs (puppies?) at NAEA. We also give a bit of information about the new Medicare tax kicking on payrolls and business profits in January. Incidentally, E&Y just released some new information about what constitutes a luxury car, in terms of cost, in IRS’s opinion. Can you believe it – $16,000 is a LUXURY car? Where can I get a new, functioning car, with power steering and air (and a body that won’t collapse in an accident) at that price?

This week’s Money Funnies provides a holiday recipe for fruitcake. Maybe this one won’t get passed on eternally?

This week’s Equifax Blog  gives you some ideas on how to protect yourself in case of a tax hike. You can also learn how to deck the halls on a budget, and how to access insurance information on your cell phone.

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

All our classes are now over for the year. It’s time to clean up the office – and the house. It’s time to take a break and goof off a little. And our TaxQuips will be on a holiday schedule. We’ll be sending them out only if there’s anything interesting to say next week – or not at all. We’ll be closed during the last week of December through the New Year. Our hard-working staff needs some time off before facing the New Year’s Tax Crush.

We thank you all for your support, patience, great questions, terrific advice – and just the love and enthusiasm we feel from so many of you.

Happy holidays!

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®