Today TaxMama® hears from Lisa in the TaxQuips Forum who wants clarification. “Is there any way to amend an old tax return and receive a refund after the 3 year limit? I think you briefly touched on this in the CPE Link webinar last week.”
Author Archives: TaxMama
Today TaxMama® wants to talk about getting older. “My mother and I just had such a laugh. One of her friends is over 90 years old and just got her driver’s license renewed for 5 years without restrictions. Well, you don’t have to be 90 years old to start thinking about senior planning…though, these days, […]
Today TaxMama® hears from Michele in the TaxQuips Forum who makes extra work for herself. “I had to jump over high hurdles on a single bound, tall buildings with a single leap, etc. but still unable to find/get the “Crazy Cat Lady” case referred in the Tuesday, June 6, 2012 email, when you answered a […]
Dear Family, Do you ever have those days when you just can’t seem to get started? Everything is a distraction. Everywhere you look is something you’d like to finish –so you start, then get interrupted to finish the next thing? I rarely ever have those days. But if they are going to happen, Fridays are […]
Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today announced that the spring 2012 issue of the Statistics of Income Bulletin is available to the general public. This issue features information on high-income individual income tax returns filed for tax year 2009.
Andy Rooney says, “As I grow in age, I value older women most of all. Here are just a few reasons why.” An older woman will never wake you in the middle of the night to ask, “What are you thinking?” She doesn’t care what you think. An older woman knows herself well enough to […]
Today TaxMama® hears from Saver in the TaxQuips Forum with a reasonable question. “I have just received a corrected mortgage interest statement for the tax year 2010. Because the amount is lower, and I itemized in the return, I will owe some money. The taxable state refund should be smaller for the tax year 2011. […]
(image courtesy of David Souza and www.taxbrackets.org ) Today TaxMama® hears from Anne in the TaxQuips Forum who is confused. “My husband is disabled and is on Medicare. He has a supplemental policy that we are currently paying out of my HSA. It was set up through my employer for only me. I went to the […]
Today TaxMama® hears from Paul in the TaxQuips Forum who wants to be generous. “I am considering allowing the use of my horse barn to a non-profit horse rescue organization. This group has several rescued horses that need care and would like to board the horses on my property. Can I take advantage of this […]
Today TaxMama® hears from Jan in the TaxQuips Forum who feels overtaxed. “How do I spread my Lump Sum SSDI payment over 3 years? I waited a long time to start receiving benefits. Now the IRS wants me pay back for my lump sum!”
+ + Dear Family, Today’s edition wants to convey a certain mood and feeling. This morning I started by working on the ItsAWHAMThing article about writing off summertime parties. The word ‘summertime’ brought to mind the music from Porgy and Bess. That mood, that sound, that feeling has stayed with me. (You’ll get to […]
Courtesy of https://www.taxadmin.org Take advantage of sales tax holidays to plan you major purchases. You’ll find sales tax relief for home improvements, computers and other useful expenditures during the summer – then back to school purchases at the end of the summer season. You’ll find the list of states and dates here: