Author Archives: TaxMama

Why Should I Care?

Today TaxMama hears from Julie who says “Why should I care about people who got messed up with subprime or ARM mortgages? Did they not know enough to read their contracts?https://www.datafactories.org/wp-content/languages/new/editing-services.html I had a financial advisor back in 2004 who presented an adjustable rate based on the LIBOR Index. I told him to forget it […]

Ask Taxmama Issue 437 – Mortgage Relief

Reporting Miscellaneous Income

FS-2007-26, November 2007 – Courtesy of the Internal Revenue Service While most people are aware they must include wages, salaries, interest, dividends, tips and commissions as income on their tax returns, many don’t realize that they must also report most other income, such as: cash earned from side jobs, barter exchanges of goods or services, […]

Distinguish Yourself

“Distinguish yourself. Fill your self-marketing documents with energy, precision, and passion! Jargon and textbook language will be quickly lost in oceans of data. Remember that these materials are your personal representatives and often the first contact you make. First impressions are lasting and the competition is brutal. Be clear, compelling, and error free.” Debbie Ellis […]

A Billion

The next time you hear a politician use the word ‘billion’ in a casual manner, think about whether you want the ‘politicians’ spending YOUR tax money. A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its releases. A. […]

Ask Taxmama Issue 436 – New Mileage Rates

Dear Family, First of all, Happy Birthday to Barbara and Lulu! We’ll get together soon…after I return home. Great news IRS just released the new standard mileage rates for 2008 – and we’re up to 50,5 cents! Considering that we spent $64.00 to fill the tank yesterday, that really warms the cockles of my car’s […]

IRS Announces 2008 Standard Mileage Rates; Rate for Business Miles Set at 50.5 Cents per Mile

Courtesy of the Internal Revenue Service WASHINGTON – The Internal Revenue Service today issued the 2008 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or […]

Avoid resume formatting errors

The quote: “There is a real magic in enthusiasm. It spells the difference between mediocrity and accomplishment.” -Norman Vincent Peale Tip of the week: “Avoid resume formatting errors. Save your resume as two different formats: one text (.txt) version and one Word (.doc) version. Use the text format when you cut and paste your resume […]

O Teacher! My Teacher…

by Gunjan Saraf – https://www.workinghumor.com (With apologies to Walt Whitman) O Teacher! My teacher! The awful exam draws near; And with every passing day, I feel my rising fear; My text books all feel heavier, My notes make less and less sense. But O heart! heart! heart! O wavering nervous system reset, When in the […]

Mileage Reimbursement Inclusive

Today TaxMama hears from Lynnette in Brooklyn who wants to know, “If an employer pays mileage – is that for the use of the car? Or does it cover gas as well?”

Rolled Over Roth

Today TaxMama hears from Michael who’s got a problem. “Currently, I have a Roth IRA account with Fidelity and want to switch to another financial institute. But I’ve been told there is a fee to do that. I am wondering if there is any do-it-yourself way to transfer my Roth IRA without incurring the early […]

Worked Six Days

Today TaxMama hears from Melanie in Minnesota, who’s upset. “I worked for this employer for 6 days. He did not take taxes from my check. I did sign a W-2 form to authorize it.buy sertraline generic rxbuyonlinewithoutprescriptionrx.net over the counter What can I do?” Dear Melanie, Hmmm…. OK, here are some choices for you: 1) […]