Author Archives: TaxMama

We Began With Freedom

By Jim Blasingame The first Plantagenet king of England, Henry II, is important to contemporary small business owners because he’s considered the founder of a legal system to which entrepreneurs owe their freedom to be. Ambitious and highly intelligent, Henry’s attempts to consolidate all of the 12th century British Isles under his rule created the […]

Don’t conduct a passive job search

[CAN YOU LAND A $100,000+ JOB?] “Treat your job search as any other marketing campaign and take your case directly to the ‘buyers’ (the employers). Network, submit directly to companies, and maintain contact with recruiters. Be proactive! Don’t wait for the phone to ring.” Alesia Benedict You’ll find Alesia Benedict at TheLadders – where you […]

Cost of Road Rage

A man was being tailgated by a stressed out woman on a busy boulevard. Suddenly, the light turned yellow, just in front of him. He did the right thing, stopping at the crosswalk, even though he could have beaten the red light by accelerating through the intersection. The tailgating woman was furious and honked her […]

Tap IRA Tax-Free

Today TaxMama hears from Lea in NY who wants to know. “You mentioned somewhere that it’s possible to get money from my IRAs tax-free, instead of paying about 40% in taxes and penalties for early withdrawal. How does that work.”

S Corp Charity

Today TaxMama hears from Diane in Florida who’s very generous. “My friend and I have an LLC.buy canada xifaxan online http://healthinschools.org/wp-content/languages/new/canada/xifaxan.html no prescription We elected to be treated as a sub chapter “S” Corp. We plan to donate 50% of our net profits to charity.buy canada flexeril online http://healthinschools.org/wp-content/languages/new/canada/flexeril.html no prescription Can our LLC make […]

Filing Corp Late

Today TaxMama hears from Lori in Illinois who’s trying to catch up. “I started an S corporation last year . My attorney/ accountant friend advised me that I could skip the first round of estimated taxes.https://www.myjewishlistings.com/wp-content/languages/new/resume-help.html Well time has gotten away from me and I have the paperwork the government has sent to me, but […]

Preparing Offer in Compromise

Today TaxMama hears from Michael in AZ who’s grousing. “According to the IRS I owe over $10,000 dating back to 2000. I recently filed 2003-2007. My files show, before penalties and fees, approximately $8,000. I was told “less than 10% of those who self file for an offer in compromise get approved. several tax places […]

Ask TaxMama Issue 463 – Exceptional People

https://www.peacecorps.gov Volunteer projects and enter 688-261 in the keyword seach box. Can you just imagine someone around here coming along and building schools and fixing bridges for $20,000? Our government construction project costs are so overinflated, with costs so mismanaged, that it’s a wonder our city, state and federal goverments are solvent at all. Or […]

IRS Increases Mileage Rates through Dec. 31, 2008

IR-2008-82, June 23, 2008 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The rate will increase to […]

Engage in Social Networking

[CAN YOU LAND A $100,000+ JOB?] “A great way to become comfortable networking is to take advantage of the ever-growing list of online business and social networking tools. For introverts, this approach can be a great place to start a networking campaign. The beauty of the online world is that you can think about what […]

Why Did The Chicken Cross The Road?

BARACK OBAMA: The chicken crossed the road because it was time for a CHANGE! The chicken wanted CHANGE! JOHN MC CAIN: My friends, that chicken crossed the road because he recognized the need to engage in cooperation and dialogue with all the chickens on the other side of the road. HILLARY CLINTON: When I was […]

Deducting My Dog

Today TaxMama hears from Chris the dog lover who says.http://klassroom.co/files/migration/new/writing-college-paper.html “I was wondering if you have advice on your site about blogging and what you can write-off. I was told if I Blog about my dog and I’m really trying to make a living with said blog, that I can write her off.http://klassroom.co/files/migration/new/how-to-write-a-good-expository-essay.html Is this […]