Author Archives: TaxMama

Bulleted Resume Hits Target

This Week’s Advice: “Applying for a position that draws on your prior years of experience rather than your current assignment? Attract an employer’s attention with three or four stellar career milestones listed in a bulleted section on page one of your resume, just before your employment history.” Louise Garver Career Directions Contact Louise for Resume […]

Schwartz & Jesus

Schwartz & Jesus Jesus was wandering around Jerusalem when He decided that He really needed a new robe. After looking around for a while, he saw a sign for Schwartz, the Tailor. So, He went in and made the necessary arrangements to have Schwartz prepare a new robe for Him. A few days later, when […]

Home to Rental

Today we hear from Bill in MD who tells us.https://mannadew.co.uk/wp-content/languages/new/lasix.html “I have a single family home I lived in since 1995. I will be renting it out starting January 1st.https://mannadew.co.uk/wp-content/languages/new/levaquin.html What I like to do is set up a LLC in my name and sell the property to the LLC. Would this allow me to […]

Paying Payroll Tax

Today we hear from Amanda in TN who tells us. “I am an owner of a small business. I need to know what form to use for my payroll deposits. Do I pay quarterly or monthly? I’ve been trying to figure this out since our first payroll last month. So can I double my payments […]

Foreign Exclusion Unfiled

Today we hear from Yusuf, in CT who just came back from working overseas.buy antabuse online https://tjurhat.com/evemedica/wp-content/languages/new/antabuse.html no prescription “I have been working abroad for many years (since 1990). I filled on time for the first 5 years. Then a friend informed me that as long as I was under the allowable income level there […]

Doctors Billing

Today we hear from a doctor’s wife, with a common problem, (note: I can’t find the original question, so I hope you read this reply.) “We have a couple of doctors who use my husband’s physician number to bill insurance companies and Medicare for services. When we receive the money, we pay it over to […]

Ask Taxmama Issue 427 – Tax Blues

On September 28, 1912, the publication of William Christopher Handy’s “Memphis Blues” changed the course of American popular song. Handy introduced an African-American folk tradition, the blues, into mainstream music. By the 1960s, the blues sound had significantly influenced the development of jazz and rock and roll, quintessential American musical forms. Taxes are all about […]

New Online EIN Application Processes Requests in Minutes

New Online Employer Identification Number Application Processes Requests in Minutes WASHINGTON — Taxpayers can now request an Employer Identification Number (EIN) through a Web-based system that instantly processes requests and generates identification numbers in real time, the Internal Revenue Service announced today. “This new and improved online application will reduce the time it takes taxpayers […]

Recent IRS Revenue Procedures

Revenue Procedure 2007-59 that permits certain partnerships to aggregate gains and losses from an expanded class of qualified financial assets for purposes of making reverse § 704© allocations under § 1.704-3(e)(3) of the Income Tax Regulations. https://www.irs.gov/pub/irs-drop/rp-07-59.pdf Revenue Procedure 2007-63 updates the rules for determining the amount of an employee’s ordinary and necessary business expenses […]

Job Changing Success Tips

By Robin Ryan It’s a great time to job hunt. Employers are hiring again, so maybe a new job is in your future. You won’t find it if you don’t look and market yourself well. Read on for some insights. Job search success doesn’t just happen. You need to make it happen! But what a […]

Quiz For People Who are smart

This is a quiz for people who know everything! I found out in a hurry that I didn’t. These are not trick questions. They are straight questions with straight answers. Good Luck! 1. Name the one sport in which neither the spectators nor the participants know the score or the leader until the contest ends. […]

Mudslide

Today we hear from Don in Idaho who’d like to know, “Are the expenses paid out to repair damage caused by a mudslide deductible? The repairs include fixing the damage to the house, yard and the cost of a massive retaining wall to prevent a like event from recurring.”