Author Archives: TaxMama

Depression Mentality

Today TaxMama hears from Helen in Texas with this concern. “Can I take my 401(k) investment money out of bank investments and put into a credit union without paying taxes? If so how do I go about doing this? Besides, aren’t credit unions safer? “ Dear Helen, Your first question is easy. If your 401(k) […]

Fixing The IRS

Do you find yourself getting frustrated with some particularly confusing IRS form, letter, or policy? Did you know that you may have the power to change it? You do. IRS has a special procedure called the IMRS (Issue Management Resolution System). You can submit a note about the problem you encountered with a form, system, […]

Grab the decision maker’s attention

Grab the decision maker’s attention by describing success stories that express your credentials tailored to the employer’s perspective. Keep in touch and stay on the hiring manager’s radar. Remember, organizations are dynamic and change continuously, which impacts staffing requirements. When the timing is right, it’s not just what you know, but who knows what you […]

Where to Invest

Today TaxMama hears from Mabel in Georgia with this tale of woe. “After 25 years of marriage I will receive $80,000 from my ex’s retirement account via a QDRO. With the economy like it is, I need to know the safest place to put this money. Also, is there an alternative that would make any […]

Dump Tax Debt

Today TaxMama hears from Bill in Nevada who tells us.https://www.fiercereads.com/wp-content/languages/new/professional-resume-writing-service.html “I have a tax lien from year 2000. This was a debt that was awarded to my ex in our divorce. At the time of divorce the debt was around $500. She got it down to less than $200. and stopped paying on it. It […]

Goodwill Donations

Today TaxMama hears from Mary in Illinois who tells us. “I have donated several items to Goodwill. Is there a website where I can go to see how much the IRS allows for deductions for specific items such as clothing, household goods, etc?”

Fall Filing

Today TaxMama hears from Pam in Texas who has lots of questions. “How many people file this late in the year?https://kidneyurostonecentre.com/wp-content/languages/new/ventolin.html Can I still e-file my 2007 return.buy prednisone online healthcoachmichelle.com/wp-content/languages/new/online/prednisone.html no prescription Will there be any red flag problems?”

Amended Returns Do Not Affect Stimulus Checks

Courtesy of David & Mary Mellem, EAs & Ashwaubenon Tax Professionals IRS issued a press release (IR-2008-103) which addresses common errors and the Stimulus checks. Here are a couple of highlights. Some taxpayers have filed two returns to make sure they get their check. IRS takes longer to try to figure out what to do […]

Research Your Interviewers

You might discover that they have written articles or were interviewed for a major trade publication. You might also find that you have similar personal interests and hobbies. In the interview, mention that you read their article or enjoy the same activities, and you’ll certainly score a few brownie points. Don Straits Search Strategies for […]