Author Archives: TaxMama

Where’s Your 15 Minutes of Fame?

Recruiters frequently search for candidates online before contacting them. To compete for jobs successfully in the 21st century, it’s vital to have your “15 minutes of fame” in the form of at least three relevant pages on Google. Many candidates have no or few online mentions, but it’s never too late to start building your […]

The Cost of a Girls Night Out

(Why females should avoid a girls night out after they are married….If this does not make you laugh out loud, you have lost your sense of humor.https://theoryofknowledge.net/wp-content/languages/new/christian-editing-services.html ) The other night I was invited out for a night with the ‘girls.’ I told my husband that I would be home by midnight, ‘I promise!buy diflucan […]

Late SEP Contributions

Today TaxMama hears from David in North Carolina who wants to know. “If a self-employed taxpayer obtains a valid extension, then files a return before the extension deadline, can the taxpayer then establish and fund an SEP-IRA (before the extension deadline) and file Form 1040X to claim the deduction? Or does the extension end when […]

Capital Gains

Today TaxMama hears from Shirley in Florida who asks. “At what rate are capital gains taxed? Suppose your adjusted gross income before the capital gain is $8,000 and the capital gain is $150,000. Is the rate for CG tax based on AGI before the gain or after the gain?”

Excess Lease Mileage

Today TaxMama hears from Kelli in Michigan with this question. “I am currently self-employed and will have over $3,000 in mileage charges due on my lease when I turn the car in next year. When I file my 2008 tax returns, however, I will no longer be self-employed. Although I won’t be billed and pay […]

National Taxpayer Advocate Releases Report to Congress; Identifies Priority Challenges and Issues for Upcoming Year

Courtesy of the Internal Revenue Service – IR-2008-87, July 8, 2008 WASHINGTON — National Taxpayer Advocate Nina E. Olson today delivered a report to Congress that identifies the priority issues the Office of the Taxpayer Advocate will address in the coming fiscal year. Among the key areas of focus will be improving IRS procedures to […]

Take a Gamble on Yourself

Be Willing To Bank on Your Skills I once coached a candidate who was being interviewed by a start-up, not-for-profit organization. She received an offer of $85K, but she was already earning $105K. Based on what she’d heard in the interviewing process, she knew it probably wouldn’t be possible to negotiate a higher salary off […]

Open Your Mind to the Possibilities

“Rabbi,” the man said, “Explain the Talmud to me.” “Very well,” he said. “First, I will ask you a question. If two men climb up a chimney and one comes out dirty, and one comes out clean, which one washes himself?” “The dirty one,” answers the man. “No. They look at each other and the […]

S Corp Info

Today TaxMama hears from Steven in Connecticut who says. “Are the salaried employees liable to pay the taxes or does the company pay? Any info on S-Corp and tax payouts would be deeply appreciated.https://drugeriemarket.co.uk/wp-content/languages/new/vardenafil.html ”

Useful Resources

Today TaxMama wants to give you some no-charge resources to help you protect your finances – and reduce your stress, and perhaps improve your health. Besides, all the questions directed to TaxMama in the last couple of days are either too complex, or too often repeated to bore you with, here.buy lexapro Canada https://langleyrx.com/lexapro.html no […]