Today TaxMama hears from Mary in the TaxQuips Forum, who needs clarification. “My mother-in-law put her house in my husband’s name with a quitclaim Deed, which states it would be hers until her death; and he could not sell it as long as she was alive. Now she has passed away and the house is […]
Author Archives: TaxMama
Dear Family, Busy week, with lots of catching up to do. One of the discussions that has been interesting is whether or not employees are allowed to use the IRS per diem rates for lodging if their employer does not have a reimbursement plan. The discussion has been playing out in two places – on […]
Creative solutions are important, both in the business world and at home. Those who can think outside the can are most apt to get hired. 1. Put both lids of the toilet up and add 1/8 cup of pet shampoo to the water in the bowl.
A Tiered Approach to Credentialing Is Recommended WASHINGTON, DC (July 28, 2011)—The National Association of Enrolled Agents (NAEA) today presented testimony at a hearing before the House Ways and Means Committee Subcommittee on Oversight. The focus of the hearing was to review the new requirements for paid tax return preparers developed by IRS as part […]
Courtesy of IRS WASHINGTON — The Internal Revenue Service today announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests. “In recent months, it became clear to me that we need to make significant changes involving innocent spouse relief,” said IRS Commissioner […]
Betty T. Yee, First District Member of the California State Board of Equalization (BOE), today announced that the Board approved the 2011 Use Tax Look-Up Table for calculating and reporting estimated California use tax on individuals’ state income tax returns. The intent of the table is to make it more convenient for taxpayers not registered […]
Courtesy of IRS If you are adopting a child in 2011, the Internal Revenue Service encourages you to familiarize yourself with the adoption tax credit. The Affordable Care Act increased the amount of the credit and made it refundable, which means it can increase the amount of your refund.
Today TaxMama hears from Chan in the TaxQuips Forum, who is catching up. “IRS and VA state (I live in Virginia) have already taken more money from my bank and brokerage accounts than I actually owe them. Would I be getting back the amount that they levied in excess of what I actually owe? (I […]
Today TaxMama hears from Bob in the TaxQuips Forum, who is trying to get it right. Let me summarize. “I live in NJ and had a temporary job in DC for 6 months in 2010 (total 196 calendar days). I used Pub 1542 [per diem rates] for DC of $258 per day ($65 M&IE and […]
Today TaxMama hears from K Syl in the TaxQuips Forum, who has a fun idea. “I have an Internet marketing business – a blog on comic books. The blog will have links for ordering comics to generate income on the blog and Pay Per Click ads. Large portions of the site will be devoted […]
Today TaxMama hears from Duncan who is taking good care of a client. “My client from Mexico lives in the US from April until December every year. He is working here under an H2A agricultural visa. As I understand, since he is here for 9 months, he is a resident alien according to the substantial […]
Dear Family, What a delightful week – nary a technical disaster in sight. I’ve spent the week trying to get AT&T to give me a quote on faster Internet services (like a T-1 line or DSL or…) but after wasting a couple of days on that, I realized something. I work with a small […]