Ask Taxmama Issue 447 – Know Your Worth – and Know Your Parents


Dear Family,

OK I’m lying. Yesterday was really International Mother
Language Day, not today. But I like the concept of the
richness of culture. And I love languages and want to
encourage everyone to learn the languages of their parents
and grandparents. And so, we honor the day, a little late.

Speaking of parents and grandparents, my friend Sally Dalton
in Oregon, Ohio sent her friends some urgent talking points
between parents and adult children. Since they are so important,
and are so often neglected, I’ve provided them for you to
print out and use. If you need an excuse,or a crutch to deal with

these issues – here it is. Pass this on to everyone you know.

On a lighter note, we deal with a bit more aging in
Money Funnies this week. You’ll enjoy the High Tech one

upsmanship. (one upswomanship?)

TaxQuips this week gives you a link to the HUD-1 one form,
you learn about the stock loss issues – and the reason I
have my MarketWatch column, and about why secret gifts may

not always be the best idea – despite your wonderful intentions.

IRS News includes tips to deal with income from foreign
sources, and early withdrawals from retirement accounts.
It does not deal with excess contributions and how to fix that

problem. We were dealing with that on the phone with the
investment house yesterday. What a pain! Lesson here? Don’t
fund your retirement accounts without FIRST talking to your
tax pro about your plans for the year.

The Stimulus Package is still making everyone crazy. You
can play with a tool on the home page to
see how much you’ll get back.

This week, I’ve been flooded with questions – both about

taxes and the EA Exam Review Class. So look for an
EA Exam News e-mail later today. And about tax questions?
Read today’s MarketWatch article about where to get answers.
Unfortunately, there aren’t enough hours in the day for me
to answer them all. I wish I could.

Most people are really enthusiastic about The 100%
Home-Based Business Tax Solution. Some are frustrated
with the technology stumbling blocks. Don’t worry, I am
constantly looking to improve the product – and to add

tips. As I do that, everyone who’s already ordered (and
provided advice) will get the full benefit.

We’ll also be working on a paperback version that you
can print on demand. More on that after it’s done.

Remember, your feedback, tips and stories will be included.
And you will get credit, recognition, fame – but no money – for your contribution. We will link to your website, if you
have one. (And did I tell you that you could get a commission
if your friends or clients buy it? Ask me about that.)

As always, we love your feedback, opinions and ideas.
You are what makes all this fun – and interesting!

Please use the Comments link online.

Hugs from your favorite TaxNerd,

Eva Rosenberg, EA

Your TaxMama is watching…out for you.


02.29.2008 Mortgage Interest file Form 1098s with IRS

02.29.2008 File W-2’s with Social Security Admin

02.29.2008 File 1099’s with IRS

02.29.2008 File City of L.A. Business License/Tax Form

03.03.2008 Farmers & Fisherman – file and pay taxes due for 2006 and pay all tax due if estimated payments not made on 01.15.2008.

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



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.

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

Join 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.



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.*

Join (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.


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

(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!*

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

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.

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