2007 Tax Season Sets Records for E-file, Direct Deposit, IRS.gov WASHINGTON — The recently completed 2007 tax filing season set a number of electronic records, highlighted by over 76 million electronically-filed individual tax returns and more than 140 million visits to IRS.gov, the Internal Revenue Service said today. “E-file and our other electronic services helped […]
Author Archives: TaxMama
When weeding, the best way to make sure you are removing a weed and not a valuable plant is to pull on it. If it comes out of the ground easily, it is a valuable plant. The easiest way to find something lost around the house is to buy a replacement. Never take life seriously. […]
Today TaxMama hears from Robert in Texas, who’s proud of his daughter, but… “My daughter will be 24 in Nov of this year. She just graduated from college this month but will be living with me until Sept 1.buy sildenafil online https://taxmama.com/wp-content/forum/styles/new/sildenafil.html no prescription Will I still be able to claim her as a dependent […]
Today TaxMama hears from Oscar in Chicago who wants to know, “How can 20- and 30-somethings avoid financial foolishness and start building wealth early?https://www.fiercereads.com/wp-content/languages/new/online-essay-editor.html ”
Today TaxMama hears from Bill in Maryland who asks, “What is the biggest mistake made by investors?”
Today TaxMama hears from a journalist who wants tips for kids starting summer businesses.
Below are four (4) questions and a bonus question. You have to answer them instantly. You can’t take your time, answer all of them immediately . OK? Let’s find out just how clever you really are… First Question: You are participating in a race. You overtake the second person. What position are you in? Answer: […]
Custodial Determination Changes Under Proposed Regulations by David & Mary Mellem, EAs Ashwaubenon Tax Professionals Proposed Regulation §1.152-4 contains changes that will surprise many taxpayers as well as tax professionals. We’ll number the provisions just for simplification. 1) The rules apply when the child’s parents are divorced, legally separated, or live apart at all times […]
Today TaxMama hears from Roberta who says. “Some time back, you wrote about a rule of providing most but not all proofs for deductions. I think it was called something like “Irving’s rule”. Please send the correct name and where I can read about it.”
Today TaxMama hears from Denise in NJ, who wants to know. “If a couple gets a divorce, and the woman gets to take the children as dependents in lieu of alimony, what happens if she remarries and does not hold a job any longer? Can she file jointly with her new husband and still use […]
Today TaxMama hears from James in MO, who asks. “Can I get an Earned Income Credit if I file married filing separately?”
Today TaxMama hears from Sal, who tells us. “In the year 2006 an employee of a non profit social service organization located in New York State received third-party sick pay directly from an insurance company. A separate W-2 showing the sick pay was issued to the employee. It shows no Federal, State or Local withholding […]