Today TaxMama® hears from Someone Privately with a romantic story. “My client was deeply in love with a woman who was dying of cancer. To demonstrate their love, they got married in July of 2011. She died in February 2012. The problem? She had a lot of tax debt, spanning several years. How do we […]
Author Archives: TaxMama
Today TaxMama® hears from Mary in the TaxQuips Forum who’s starting an adventure. “I just purchased your book ‘Small Business Taxes Made Easy’ on Nook. I am a big Dave Ramsey fan and am also reading his book ‘EntreLeadership‘. The reason I am reading books such as these is, because I started a new small […]
Dear Family, Twice this week, Rick told me this weekend is Daylight Savings Time. I brushed him off. It makes no sense. This EARLY in March?!! Darned if he isn’t right!
If you are a small employer with fewer than 25 full-time equivalent employees that earn an average wage of less than $50,000 a year and you pay at least half of employee health insurance premiums…then there is a tax credit that may put money in your pocket. The Small Business Health Care Tax Credit is […]
“The reason a dog has so many friends is that he wags his tail instead of his tongue.”-Anonymous “Don’t accept your dog’s admiration as conclusive evidence that you are wonderful.”-Ann Landers “If there are no dogs in Heaven, then when I die I want to go where they went.”-Will Rogers
The Third weekly winners in TaxMama’s search for the Ultimate Tax Nerd of 2012 are: Clint Masser wins again with It’s a Bird, It’s a Plane. Melissa Guy , for the Taxorcist.
Today TaxMama® hears from Dean in the TaxQuips Forum with this odd question. “The local power company wants to purchase my home, payoff my mortgage, allow me to live rent free for 12 months; then allow me to purchase the house back for the market value to avoid capitol gains tax. Is this legit? They […]
Courtesy of the IRS IRS Offers New Penalty Relief and Expanded Installment Agreements to Taxpayers under Expanded Fresh Start Initiative WASHINGTON — The Internal Revenue Service today announced a major expansion of its “Fresh Start” initiative to help struggling taxpayers by taking steps to provide new penalty relief to the unemployed and making Installment Agreements available […]
Today TaxMama® hears from Brian in the TaxQuips Forum who finally asked the right question. “What I really was asking was, if I take my withholdings up to, say, single and 8 on federal and state for this check only would I get more of the check?”
Today TaxMama® hears from Tim in the TaxQuips Forum with this question. “A relative was sent by his company to work far away from home in different places for weeks at a time. He was given a nonaccountable per diem that was included in Box 1 of his W-2. He did not save the hotel […]
Dear Family, This week was very busy working on the Staples Tax Tweet and $5K Tax Giveaway. It turned out to be a lot of fun – and very informative.
The SECOND weekly winners in TaxMama’s search for the Ultimate Tax Nerd of 2012 are: Clint Masser, for It’s a Bird, It’s a Plane Susan Holtgrefe, EA for TaxNerds, the Real Truth.. Winner of the POPULAR VOTE – Clint Masser, It’s a Bird, It’s a Plane. with 205 views and 13 comments from unique commenters (one comment per […]