Courtesy of CCH, a Wolters Kluwer Co. (RIVERWOODS ILL., September 14, 2012) – Taxpayers recovering from the current economic downturn will get at least some relief in 2013 by way of the mandatory upward inflation-adjustments called for under the tax code, according to CCH, a Wolters Kluwer business, a leading global provider of tax, accounting […]
Author Archives: TaxMama
Here are some anagrams that someone came up with – that person was either exceptionally clever or has far to much time to waste or is deadly at Scrabble. Whistleblower When you rearrange the letters: Who blew ‘er List
Today TaxMama® hears from RG in the TaxQuips Forum with an oxymoron. “Can an irrevocable living trust be changed by the person that created it?”
Today TaxMama® hears from Kyong in the TaxQuips Forum with a sad question. “Nov 15, 2011 was the last day to file a tax court petition. The Tax Court petition was filed using Fedex Saver, which is not one of the designated private delivery services listed under IRC sec. 7502. I have a proof of […]
Dear Family, Whew…OK, I am all caught up, at the moment, on answering all questions in the TaxQuips Forum, from students, from clients and everyone. We have finished all tax returns – except the one person who is THE annual straggler. So perhaps it’s time to focus on family and friends and the New Year […]
So it seems that these four rabbis had a series of theological arguments, and three were always in accord against the fourth. One day, the odd rabbi out, after the usual “3 to 1, majority rules” statement that signified that he had lost again, decided to appeal to a higher authority.
Today TaxMama® hears from Grace in the TaxQuips Forum with an interesting question. “I understand that if you rent/lease your home for production filming for 14 days or less, then that income you earn is “exempt” from California and Federal taxes. Although a 1099 will still be issued by the filming company, on our taxes […]
Today TaxMama® hears from Gina in the TaxQuips Forum who’s going around in circles. “I have not been able to get in contact with my tax guy for months. I’m afraid he may be ill, dead or out of business – and I live too far away to go to his office. I sent my […]
Today TaxMama® hears from Andrea in the TaxQuips Forum who needs help. “My husband and I are trying to set up a turnkey small business and need a virtual terminal to run credit card information. Because of our bad credit history we are being rejected with our current SSNs. Do you think if we were […]
Today TaxMama® hears from Lee in the TaxQuips Forum who wants clarification. “Are property taxes lower when a house is in a trust?”
Dear Family, Well, California just made Kiplinger’s Worst State to Live In lists – Twice. The 10 Least Friendly Tax States, and the 5 States with the Highest Income Tax. Yup…it’s time to think about moving somewhere else. But where? I have this article right at hand, from nearly a year ago. But haven’t had […]
[TaxMama Note: This is important for people in IRS tax trouble to know. Also, read today’s It’s A WAHM Thing article about how to do things yourself.] The Taxpayer Advocate Service (TAS) is designed to be a “safety net” for taxpayers who are experiencing problems with the IRS. However, because we couldn’t possibly help all […]