Today TaxMama hears from Marilyn in California, who tells us. “ I have a client who is a resident of Maine and receives retirement income from CA (PERS or STRS). Does he have to pay state tax on that in CA and in Maine?”
Author Archives: TaxMama
Today TaxMama hears from Sue in Nevada with this question. “I am retired and working part-time as a consultant. All of my income is reported via ‘’1099’’ (not W-2). I must pay quarterly ‘’estimated taxes’’ (Form 1040-ES). If I pay the majority of my estimated taxes in December, will I be penalized?”
Father: I want you to marry a girl of my choice.. Son: “I will choose my own bride!” Father: “But the girl is Bill Gates’s daughter.” Son: “Well, in that case…OK” Next Day Father approaches Bill Gates. Father: “I have a husband for your daughter.order xenical online medstaff.englewoodhealth.org/wp-content/languages/new/order/xenical.html no prescription http://wsbarberschool.com/wp-content/languages/new/resume-writing-services-nj.html ” Bill Gates: “But […]
Dear Family, First a moment of silence – pray for those who died, and those who helped on 9-11. If you’re interested, there’s a memorial site to honor all those involved and to look towards the future. https://www.national911memorial.org/ DEADLINE! Remember there are filing deadlines next Tuesday, September 15th. BIG deadlines. In the past, only corporate […]
WASHINGTON — In support of the Administration’s efforts to promote access to and the affordability of college education, the Internal Revenue Service today launched a new Web section highlighting various tax breaks and 529 plan changes designed to help parents and students pay for college. The new Tax Benefits for Education section on IRS.gov includes […]
Today TaxMama wants to summarize the high points of President Obama’s Health Care speech last night.
Today TaxMama hears from Anna in Virginia who is upset. “I just received a letter from the IRS for my 2007 tax return saying I owe $1600 because of a cancellation of debt that I didn’t claim. I didn’t know that I was supposed to. I don’t have $1600. What am I supposed to do?”
Today TaxMama hears from Gary in Arizona with this question. “I am making payments to the IRS, and they charge interest and a penalty. Can I deduct these two from my income tax?”
Courtesy of the IRS COBRA subsidy recipients who later become eligible for insurance coverage should notify their former employer to avoid a penalty Individuals who have qualified and received the 65 percent subsidy for COBRA health insurance, due to involuntary termination from a prior job, should notify their former employer if they become eligible for […]
If you are a small business owner, whether you hire people as independent contractors or as employees will impact how much taxes you pay and the amount of taxes you withhold from their paychecks. Additionally, it will affect how much additional cost your business must bear, what documents and information they must provide to you, […]
Remember this? The following were some comments made in the year 1957: (1) “I’ll tell you one thing, if things keep going the way they are, its going to be impossible to buy a weeks groceries for $20.00.” (2) “Have you seen the new cars coming out next year? It won’t be long when $5,000 […]
Dear Family, Well, here we are, it’s already Labor Day weekend. The unofficial end to summer. For some, even children (remember way back then?), it comes as a relief. Too much goofing off can become tiresome. Though I could dearly use a month with no responsibilities whatsoever. Couldn’t you? But, do children these days even […]