Author Archives: TaxMama

Small Business Tax Breaks

Courtesy of NAEA – The National Association of Enrolled Agents Small Business Tax Breaks to Be Sent to President (Again) Congress this week approved a package of small business tax breaks and an increase in the minimum wage; both were tagged onto H.R. 2206, a bill funding the Iraq war through September 30, 2007. President […]

Forged Joint Return

Today TaxMama hears from Tom, in the Midwest. He tells us, “I’ve been separated from my wife for several years. For 2006, I had no taxable income due to a disability. My wife filed a joint tax return by forging my signature. She did not have my power of attorney, or even verbal permission. She […]

Ask Taxmama Issue 410 – Happy Memorial Day Weekend

Dear Family, TaxMama gets dozens of requests each day to link to someone’s site. Usually, they’re garbage sites, with the links just designed to bring traffic so people will click on the Google Adsense ads so they can get paid. (Did you know that if you have a website or blog, you can have Google […]

A Message of Love From a WAC – 60 Minutes Veteran Dedication

From Joyce Ragels , EA in Arizona An old friend is the current President of the Women’s Army Corps Veterans Association (WACVA). She just notified me of a special dedication show this weekend. In honor of veterans and their families, 60 MINUTES will be devoting its entire Memorial Day weekend broadcast to the 1st Battalion […]

IRS Notice 2007-47 – Deductibility of Lodging Expenses

[TaxMama note: This looks like a really important announcement. Especially if it means what I think it means! OK, I am sitting here trying to get my head around this phrase “not incurred in traveling away from home”. And I think I have it finally figured out – but have a call in to IRS […]

Stuff and Feathers

Ole and Sven walk into a pet shop near Rhinelander . They head to the bird section and Sven says to Ole, “Dat’s dem.” The owner comes over and asks if he can help them. “Yah sure, ve’ll take four of dem dere little budgies in dat cage up dere.” says Sven. The owner puts […]

Advisory Team

Today TaxMama hears from Edward in PA, who asks, “Can you address the ins and outs of building a personal financial team?https://www.topsedu.xyz/wp-content/languages/new/professional-resume-help.html Who are the key players needed on this team?”

Not Qualified Distribution

Today TaxMama hears from Harry in Pennsylvania, who tells us, “I withdrew money from an IRA which used to be an employer annuity, but became an IRA when I left them. I am over 55 and separated from service. Does exception 2, separation from service, apply to distributions from an IRA? Since I am under […]

$100,000 Low Income Grants

IRS Accepting Applications for Low Income Taxpayer Clinic Matching Grants WASHINGTON — National Taxpayer Advocate Nina E. Olson announced today that the 2008 Low Income Taxpayer Clinic (LITC) grant application process is now open. The LITC grant program is a federal program administered by the Taxpayer Advocate Service, an independent organization within the IRS that […]