By David & Mary Mellem, EAs The issue is whether a tax practitioner can be convicted under §7206(2) for preparing a fraudulent return and presenting it to the taxpayer with the expectation that the taxpayer will file the return or whether the return has to be presented to IRS for processing in order for the […]
Author Archives: TaxMama
IRS Updates National Research Program for Individuals IR-2007-113, June 6, 2007 WASHINGTON — Internal Revenue Service officials today announced plans to launch a new National Research Program (NRP) reporting compliance study for individual taxpayers that will provide updated and more accurate audit selection tools and support efforts to reduce the nation’s tax gap. The latest […]
A Hassidic family is most concerned that their 30-year-old son is unmarried. So they call a marriage broker and ask him to find their son a good wife. The broker comes over to their house and spends a long time asking many questions of the son and his parents as to what they want in […]
Today TaxMama hears from Phil in South Carolina who tells us. “I manage my parents’ Trust and hold the Power Of Attorney for their estate. The Trust states that I am to be compensated for these services. Is there a general rule of thumb for compensation for these services?”
Today TaxMama hears from Kathy in Minnesota who wants to know.https://www.richereducation.co.uk/wp-content/languages/new/essay-writing-service-reviews.html “What is the form to elect to change business form? For instance to change from a partnership to a sole proprietor?”
Today TaxMama hears from Louise, from the Food Pantries in Albany, NY www.foodpantries.net . Louise tells us. “We are a small 501©(3) organization. I’m desperately trying to find out if we are eligible to claim exemption from federal and state fuel taxes (sales, use and excise). The Food Pantries for the Capital District has two […]
Today TaxMama hears from Carlos, in Rhode Island who wants to know.buy viagra super active generic viagra4pleasurerx.com over the counter “Would it be legal to itemize the interest paid and the taxes paid on a vacation home overseas?”
Dear Family, Well, my week of sleeping late and waking up to daylight is about to end – just as your vacations are starting. Now it’s your turn. The world is filled with graduations and new beginnings this week. For parents, a huge weight is lifted as your children complete this phase of life and […]
By David & Mary Mellem, EAs This Act, made Public Law 110-28 by President Bush’s signature on May 25, 2007, increases the Federal Minimum Wage and provides some tax changes as well. It can be found at the government’s web site of thomas.loc.gov by searching for HR 2206 or by going to Public Laws and […]
A Washington, DC, airport ticket agent offers some examples of why our country is in trouble! 1. I had a New Hampshire Congresswoman ask for an aisle seat so that her hair wouldn’t get messed up by being near the window. (On an airplane!) 2. I got a call from a candidate’s staffer, who wanted […]
Today TaxMama hears from Barry Pinksy, Assistant Vice President at Merrill Lynch. He has an alert for you. “I heard from a client whose credit card showed fraudulent charges.buy zovirax online blackmenheal.org/wp-content/languages/new/us/zovirax.html no prescription And this could happen to you, too.”
Today TaxMama hears from Miguel in Arizona, who tells us, “I want to sell my condo. I have only been in it for a year. How much of a capital gain will I have to pay?”