Author Archives: TaxMama

New IRS Rules for Tax Pros

Today TaxMama hears from Bill in the TaxQuips Forum, who is angry  “I don’t want to pay a fee nor spend my time and money on exams and continuing education that I do not choose. I spent my money going through H&R Block tax courses and subscribe to magazines and websites to keep up-to-date with […]

Ask TaxMama Issue 564 – Lucky 13

Dear Family, Welcome to Friday the 13th. The days dawns bright and sunny. The squirrels are still quietly asleep before their busy day of frolicking  on their trellis jungle jim and spitting out walnut seed pieces on my car. The birds are twittering quietly, still asleep. Soon, they’ll be up chattering passionately about their latest […]

Nine Tips for Taxpayers Who Owe Money to the IRS

Did you end up owing taxes this year? The vast majority of Americans get a tax refund from the IRS each spring, but those who receive a bill may not know that the IRS has a number of ways for people to pay. Here are nine tips for taxpayers who owe money to the IRS. […]

Oh Groan!

The ability to make and understand puns is considered to be the highest level of language development.  Here are the 10 first place winners in the International Pun Contest:   1.    A vulture boards an airplane, carrying two dead raccoons. The stewardess looks at him and says, “I’m sorry, sir, only one carrion allowed per […]

Inheriting vs Gifting

Today TaxMama hears from Terri in the TaxQuips Forum, with an delightful problem to have.  “What is the best way to reduce the tax consequences of inheriting land? The person inheriting the land is not related to the owner.  He could possibly marry her if that would help matters. The land was inherited and has very low […]

Untaxed Internship

Today TaxMama hears from Karol in the TaxQuips Forum, with an odd question.  “I have a paid internship in the Rhode Island state vocational rehabilitation agency and they pay me $11 an hour (I work the most 35 hrs/wk) without taking out taxes. I am worried about what I will owe when I do my taxes later […]

It’s All About Pain

I’m horrible with numbers. So much so that I believe I’m number dyslexic, if there were such a thing? My point is that when I look at numbers my brain jumbles. Unfortunately for me that translates over into my finances, and of course, then my taxes. I have a pain. It’s a big pain. It […]

ATTENTION! This Book Will Make You Money!

Earlier,  I got caught up reading Jim Kukral’s new book – is this a great title or what?    It’s really a compelling read. One of his chapters is about your target number.buy fluoxetine canada https://cpff.ca/wp-content/languages/new/canada/fluoxetine.html no prescription That’s a concept I’ve used in all my business life.https://www.grapplearts.com/wp-content/languages/new/i-need-help-writing-an-essay.html How much must a project, or job, or […]

Step Up Basis Adjustment

Today TaxMama hears from Rob in the TaxQuips Forum, who couldn’t get IRS to answer him.  “I am adjusting a 2006 return using the 3115 Form per your guidance.  The Real estate is 1974 property where we used ACRS, 125% and 20 years.   For the step-up do I have to use MACRS lives and methods?”

TaxMama’s In Depth Tax Web Workshop for Writers, Journalists and Bloggers

When:             August 13, 2010                         10:00 am – Noon PT Where:            Online in TaxMama’s Conference Room Cost:               $50.00                        Discounts:             $20 discount to members of writers groups –   Check with your association for discount code  CPE Credits:            2 hours for Enrolled Agents   How to Register  –   Include the name of your writers […]

Tax Provisions of the Affordable Care Act (ACA)

What: FREE IRS Webinar When: September 9, 2010 Learn about the tax provisions of the Affordable Care Act (ACA recent health care legislation) at a FREE IRS Webinar on September 9, 2010 at 2 p.m. Eastern.  The IRS’s Small Business/Self-Employed Division is presenting this FREE webinar especially for small business owners and the self-employed. Learn […]

Worship Leader and More

Today TaxMama hears from Alex in the TaxQuips Forum, with this issue.  “I am the worship leader at my church and am currently paid a salary of $6,000 a year without taxes taken out. I also just recently took on a short term job in which I was hired as an independent contractor to do […]