Dear Family,
38 days and 16 hours and 2 minutes to go until April 15th.
(Did you see the countdown widget at www.taxmama.com ?)
Let me start this issue with a note about government
efficiency. Remember I was talking about passport photos
a while back? Well, what follows passport photos?
Passport applications. Right?
I was TOTALLY reluctant to let my present passport out of
my hands and to place it into the US mail. But…finally,
I sent them both off on February 18th. Shock of shocks!
The new passports arrived on February 28th!
And the cancelled passports came back, with the neat little
holes punched through them, on March 5th. This was fast.
Then, I had to renew my drivers license. They gave me the
option of doing it online. The new license also arrived on
March 5th. It took less than a week. Just about long enough
to print it out and drop it into an envelope.
Do you really think our various government agencies are
finally learning to take advantage of the efficiencies
provided by computers?
You don’t believe that, well, take a look at a nice surprise
in today’s IRS News.
IRS News includes something really refreshing – and something terribly burdensome. First IRS created a new form this year to help misclassified employees – those who got 1099s instead of being paid wages. And overlooked the enormous burden imposed on folks who’ve already been victimized by their employers. Now they face paperwork overload, due to this simplified new form. IRS didn’t think this procedure through. We will be pestering the Service to fix the procedure.
On the other hand – KUDOS to IRS for simplifying the application fee process for the Installment Agreement. Now, if you can’t afford the full fee, you won’t have to beg for a reduction. The computer will compute it for you automatically.
https://taxquips.com/index.php?cat=IRSNews
Remember, you can play with the Stimulus Calculator tool on
the www.TaxMama.com home page to see how much you’ll get back.
Time to lighten up, I think, with Points to Ponder in 2008,
the topic of this week’s Money Funnies.
https://taxquips.com/index.php?cat=MoneyFunnies
TaxQuips this week includes the best and most succinct summary I’ve ever written about how an LLC owner can get paid, we address the question of deducting travel when you live on the road, we face the harsh realities of renting to family and TaxMama makes a big mistake about a Stimulus question – and corrects it. It’s all in this week’s TaxQuips
https://taxquips.com/index.php?cat=TaxQuips
Today’s MarketWatch article isn’t written yet. (That’s the
next thing I’ll be doing.) It will be a checklist of things
to do for March – and some notes clarifying some myths about
the Stimulus Rebates – since I am clearly such an expert.
(cough, cough)
The 100% Home-Based Business Tax Solution is shipping on Monday. HOORAY!!!
Bob Whitaker is at the printers right now, overseeing the production of the Tax MiniMisers, and the insertion of the Tax Solution CD!
https://snurl.com/homebiz-tax
I’m going to tell you a little secret. You can download the e-book and see a preview before you buy it. I’ve just added that to the welcome page when you get to the site.
Lots of people, especially people studying for the EA Exam have been telling they don’t have a solid basis in taxation. Or that, even after passing the exam and learning the laws, they want to know more about how to fill in the tax forms and learn some of the shortcuts and tricks tax professionals traditionally use. So, join us for Solving the Tax Puzzle, Part I.
It will start next week. I am setting it all up for you in
the next few days! Join us. It will be fun!
OK, running late. Spending too much time reading incoming e-mails!
As always, we love your feedback, opinions and ideas.
You are what makes all this fun – and interesting!
Please use the Comments link online.
https://taxquips.com/index.php?id=708
Hugs from your favorite TaxNerd,
Eva Rosenberg, EA
Your TaxMama is watching…out for you.
www.TaxMama.com
www.TaxQuips.com
www.IRSExam.com
www.TaxNerd.net
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TAX CALENDAR 2008
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03.17.2008 S-Corp Election Decision Due (if Applicable)
03.17.2008 Corporate Returns or Extensions Due / Calendar Year Corps
03.15.2008 Get Personal Data to me if you want to file by April 15th
03.17.2008 Employers Make monthly Payroll tax deposit
03.17.2008 Electing Large Partnerships – Issue K-1s to partners – even if you’re on extension
04.15.2008 Personal, Partnership Returns or Extensions are due
04.15.2008 1st 2008 Estimated Payment Due
04.15.2008 Employers Make monthly Payroll tax deposit
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SPECIAL GIFTS FROM TAXMAMA – FREE – REALLY!
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Keep your Resolutions:
Here’s a well-thought-out e-book to help you start the
year off properly. It contains a place for you to
list your promises to yourself – and lots of tools to
help you achieve your goals.
Download the book here (just use your e-mail address in this e-mail, so you can avoid subscribing to
my newsletters twice.)
Feel free to share this link with your friends, your clients and your mailing list.
https://www.simpleology.com/p/blogging/taxmama/ATM440
Explore Simpleology 101 – It includes set of step-by-step daily missions for you to follow to get more focused and become more successful this year.
You can check them off as you go.
Audio and Video Training
Is 2008 the year you learn to put use audio and video
on your websites or online? Here are some excellent
no-cost training opportunities. All you need is time.
Join David at AudioAcrobat.com
Join SuccessNet.org for free and you’ll be able to give Michael Angier’s ‘101 Best Year-End and New Year Questions’ to everyone you know. It’s an excellent way to open a dialog with those close to you – and to ensure that 2008 will be a great year.
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GIFT IDEAS
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ThinkGeek has some wonderful, unusual stuff, including something very like a Dick Tracy watch – a touchscreen cell phone PDA watch. They also have the USB Memory watch that holds 2GB of data. Just click on Holiday Mega Deals.
Open your own Zazzle account and create personalized
gifts to your family and friends. You still have time
to get things delivered before Chanukah ends. Really.
You don’t need to use my designs – use your own photos and artwork.
https://www.zazzle.com/taxmama*
Join SuccessNet.org (FREE!) and you’ll be able
to give Michael Angier’s ‘101 Best Year-End and New
Year Questions’ to everyone you know. It’s an excellent
way to open a dialog with those close to you – and to
ensure that 2008 will be a great year. And there’s no
charge for this gift at all.
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SPECIAL DEALS
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Need a Corp, LLC, Registered Agent
Incorp Services Inc. in Nevada – DISCOUNT
20% off on formation services.
Similar discounts on Registered Agent services.
Call 800.2.INCORP – use coupon code – TAXMAMA – or
https://go.asktaxmama.com/incorp
(no code needed)
Summer Family Identity – 3 Choices:
Zazzle – Cafe Press – Queensboro
Since it’s summer, and you’re probably going to be traveling with your family, consider getting matching T-shirts and/or hats.
(DO NOT PUT ANYONE’S NAME ON THEM – you’re just asking strangers to kidnap your children!)
But do put everyone’s picture – so even if you don’t know the local language, you can point to a family member and ask if anyone has seen him or her. Or use a graphic or piece of art you all like. You’ll find three options right here in our SPECIAL DEALS section.
Use your art or others – and customize it
Zazzle your Imagination. Are you a TaxNerd?
Tell everyone – proudly!
https://www.zazzle.com/taxmama*
Create your own customized Zazzle Apparel, bags or more.
Get volume discounts on orders of 2 or more.
Get extra discounts for yourself and friends after you order.
Stuff for Back to School and Back to Work
Cafe Press is the home of TaxMama’s shops
https://www.cafepress.com/taxmama
But you can upload your own art and graphics and unify your family – even your pets.
Get extra discounts for yourself and friends after you order.
WOW DEAL! Embroidery
Wouldn’t you love to get your logo or family crest, or picture or whatever, EMBROIDERED on hats and T-Shirts?
Well, it costs a heck of a lot less than you think.
You can get 12 items for $99! That includes the set-up fees.
Can you believe that? Use Coupon Code PC076c
At the Queensboro Shirt Company
(They have a lot more than shirts – and all sizes)
They do a gorgeous job.
- Ask TaxMama :: Where taxes are fun and answers are free
- www.TaxQuips.com :: The number ONE free tax podcast online
- Money Funnies :: The Numbers Never Lie
-
IRS News :: Automated Installment Fee, New Form For Misclassified Employees
- Job Advice of the Week :: Job Hunting is Deductible
- The 100% Home-Based Business Tax Solution :: The evolving e-book and Tax MiniMiser
- TaxMama's Classes :: Solving the Tax Puzzle, Part I – preliminary to the EA Exam Review
-
FreshBooks.com :: A terrific online billing and time-tracking system. Try it free!
- QuickBooks update :: Free videos to help you customize your QuickBooks software
- WorldWinner.com :: Play games online for free – or challenge your friends.