Author Archives: TaxMama

Exempt Organization Updates

Today TaxMama wants to give you some updates on exempt organizations that may affect you.

Fostering Unemployment

Today TaxMama hears from Lisa in Virginia. She tells us, “I have spent the last 4 years as 1099 contracted foster care provider. The contract was a signed contract renewed every six months; the current contract expires 6-30-10. Our live-in individual (client) moves out 5-2-10. His parents are moving him to an adult group home. […]

Unreported barter can get you into trouble…

(This is a true story. None of the names will be real to protect confidentiality.) Once upon a time, a very nice fellow came to our office and begged for help. Steve sheepishly admitted that he hadn’t filed tax returns for about ten years and the Internal Revenue Service was a bit unhappy with him. […]

Ask TaxMama Issue 551 – Happy Mothers Day Weekend

Dear Family, This morning, as I was searching for a good Mother’s Day graphic on my site, I came across an EA Exam provider running ads using taxmama as a subdomain of his website’s name. Of course, on his Contact page, you really have to drill to find any way to contact him. And the […]

Open House on Saturday May 15 to Help Small Businesses, Individuals Solve Tax Problems

Courtesy of IRS WASHINGTON — The Internal Revenue Service will host a special nationwide Open House on Saturday May 15 to help small businesses and individuals solve tax problems. Approximately 200 IRS offices, at least one in every state, will be open May 15 from 9 a.https://www.fiercereads.com/wp-content/languages/new/buy-papers-online.html m. to 2 p.m. local time. IRS staff […]

A Child’s-Eye View of Mothers

  Answers given by 2nd grade school children to the following questions:  Why did God make mothers? 1.  She’s the only one who knows where the scotch tape is. 2.  Mostly to clean the house.. 3.  To help us out of there when we were getting born.

Michigan Wants Money

Today TaxMama hears from Rick in Maryland. He has a problem.  “I am a partner in a C Corp based in Michigan and live in Maryland. I have been paying state taxes in Maryland but not paying Michigan state tax. Michigan contacted me this year requesting that I pay tax on my income from the […]

Unemployment Strategy

Today TaxMama wants to discuss unemployment issues.http://www.ijasrjournal.org/wp-content/languages/new/proofread-online.html Too often I learn during tax season, that a client didn’t work and didn’t collect unemployment insurance, or other compensation to which they were entitled. This especially true of folks who are not comfortable with English. Since we’re heading for a season when many people’s jobs may end…

4 Unit Apartment

Today TaxMama hears from Tom in the TaxQuips Forum who wants to know.  “Does anyone know if there are any tax breaks if the owner lives in one of the units of a 4-unit apartment building? The owner moved into the unit after 5 years of owning the building.buy furosemide online www.parkviewortho.com/wp-content/languages/new/prescription/furosemide.html no prescription ”

Ask TaxMama Issue 550 – May Day and Homebuyer Credit Deadline

Dear Family, Well, it’s the end of April. The world somehow survived a volcano and an earthquake that left travelers stranded all over the world. It’s interesting the different ways that tavel companies dealt with it. Yesterday, within seconds of each other, I received two emails. The first was from an executive at British Airways, […]

COBRA Subsidy Eligibility Period Extended to May 31

WASHINGTON — Workers who lose their jobs during April and May may qualify for a 65-percent subsidy on their COBRA health insurance premiums, according to the Internal Revenue Service. The American Recovery and Reinvestment Act established this subsidy to help workers who lost their jobs as a result of the recession maintain their employer sponsored […]