Author Archives: TaxMama

Tax Preparers Beware! Uncle Sam is Watching Ever More Closely

[note: Added 01/28/08 – link to IRS Revenue Procedure 2008-14 covering “Adequate disclosure for Statements on Tax Return” for purposes of reducing an understatement of income tax under section 6662(d) and for purposes of avoiding the section 6694(a) preparer penalty.] Report from the IRS Practitioner Liaison meeting in Los Angeles, January 17, 2008 – at […]

Crash

Today TaxMama hears from Tracy in Colorado who says. “I stored my 2006 tax information on my computer, which crashed a few months ago wiping out my tax information. How do I obtain my tax information so I can complete my 2007 tax return?”

Ask Taxmama Issue 442 – Tax Movies

Dear Family, I can’t think of a Martin Luther Kind weekend without remembering Marvin Brown’s first ever personal day off on January 17, 1994. Do you wonder why I remember the date of my friend’s one day off? Because even on that one precious day, he couldn’t sleep in. Nature shook him awake at 4:31 […]

IRS Names Four New Frivolous Claims to Avoid

Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today issued a notice that lists four additional erroneous legal positions that taxpayers should refrain from using as an excuse to avoid paying their taxes. An individual or group may not avoid paying their fair share of taxes by making “frivolous” legal arguments […]

IRS Publication 17 Now Easier To Navigate Online

Courtesy of IRS TT-2008-11 Are you facing a lot of different tax questions this year? IRS experts have pulled together an overview of common tax issues in one convenient place — Publication 17, Your Federal Income Tax. This updated publication, available on the IRS Web site, IRS.gov, contains a vast array of helpful information for […]

Make Sure Your Resume is Seen

Bold your name and include a title or other identifying brand information that will showcase your expertise immediately and place it on the top-center or top-right of every page. This way, if your resume is placed in a file folder with several others, your name will pop out as the recruiter flips through the folder.” […]

The True Value of Consultants

A lesson on how consultants can make a difference in an organization. (Is this the real reason Anderson went out of business?) A while back, we took some friends to a new restaurant, ‘Steve’s Place,’ and noticed that the waiter who took our order carried a spoon in his shirt pocket. It seemed a little […]

Hobby or Business…or Personal?

Today TaxMama hears from Lisa in California who tells us. “I am a Creative Memories Consultant, which is an independent consultant home sales business. This past year I barely sold anything, and ran my ‘’business’’ as more of a hobby than a business. Do I still need to claim it on my taxes? I haven’t […]

Too Young to File – or the Tax Virgin!

Today TaxMama hears from Monique in California who tells us. “I am a student, living at home with my parents (they are still claiming me as a dependant). But I do work less than 20 hours (usually earning less than $160). Do I still have to file taxes?”

Adoption Subsidy

Today TaxMama hears from Ben in Ohio who tells us, “In 2006 my son adopted a Downs Syndrome child. He receives a state subsidy from Ohio each month for those who adopt special needs kids. We don’t know if this is taxable income. “

Sales Tax On Purchases

Today TaxMama hears from Sam in Texas who asks. “A construction company pays sales tax when it purchases items from places like Home Depot.buy furosemide online healthcoachmichelle.com/wp-content/languages/new/online/furosemide.html no prescription Everything it buys is used in customer’s homes, like carpets that are installed and then billed to the customer.buy wellbutrin Canada https://langleyrx.com/wellbutrin.html no prescription Does this […]