Dear Family, Happy Mothers Day weekend. Rather than going to crowded, noisy, over-priced places with bad service on Sunday, consider having everyone go to Mom’s and bring the food and dishes. She won’t have to cook or clean up – and you’ll all have a better time. Good news for taxpayers like you, and all […]
Author Archives: TaxMama
WASHINGTON — The Internal Revenue Service is taking steps to stop tax preparers with criminal tax convictions or permanent injunctions from preparing tax returns. This is just one of several recent moves to improve the quality and oversight of the tax preparation industry. More than 700,000 tax preparers nationwide have registered with the IRS and […]
* she sent me a fax with a stamp on it * she thought a quarterback was a refund * she tried to put M&M’s in alphabetical order
Today TaxMama hears from Emilia in the TaxQuips Forum with an interesting situation. Emilia and her husband are US citizens working in Peru.https://alvitacare.com/wp-content/languages/new/wellbutrin.html Her husband is taking a temporary assignment in Mexico – and needs to prepare a Form 8802.https://alvitacare.com/wp-content/languages/new/ivermectin.html They are confused about some of the rules – and IRS does not offer clear […]
Today TaxMama hears from Billie in the TaxQuips Forum who’s getting conflicting information.http://pmilv.com/wp-content/languages/new/prelone.html “In 2010 there was this nice ‘deferment’ one could take advantage of when converting a traditional IRA to a ROTH.http://pmilv.com/wp-content/languages/new/doxycycline.html By doing that in 2010, you could postpone half of the taxes due to 2011 and the other half to 2012. My […]
Hi Eva, I was hoping that you could point me towards a place where I could learn more about incorporating small business’s. For a couple of years I’ve been sending people to lawyers to get incorporated and I’m tired of it. I incorporated my own business and my husband’s so I have a pretty good idea of […]
Today TaxMama hears from Anthony in the TaxQuips Forum with a common problem. “I have a client who stopped working at 81 because he had a stroke and had to go into a nursing home. He had a Sec. 457 plan, which allowed him to put off taking distributions until he terminated employment. But he was […]
Today TaxMama hears from Linda in the TaxQuips Forum who is helping her daughter.https://www.parkviewortho.com/wp-content/languages/new/amitriptyline.html (You can read about the whole mess here.) In short, through some amazing incompetence on the part of her daughter’s employer, her daughter is now facing tax debt she does not owe – and possibly credit problems, too. How can this […]
The second edition of McGraw Hill’s popular book by Eva Rosenberg is garnering a number of positive reviews and picking up awards. Silver Medal We were delighted to hear that we picked up the silver medal in the 4th annual Axiom business book awards in the Business Reference (legal, how-to, technology) category. The Axiom Business […]
Dear Family, Happy Passover and Easter weekend! I hope those of you who went to Seders enjoyed yours as much as I did. We all gathered at my brother’s house – while his son’s held their own Seders with their clans. But the grandsons all dropped by to pay their respects after the synagogue […]
This time of year, everyone has lots of questions about the IRS Special Enrollment Examination. That’s why I hold a session – and record it – to explain the most important aspects of the Exam, and what you need to know if you’re going to be studying to become an Enrolled Agent. If you missed […]
Phone Forums – Employee Plans Free phone forums featuring IRS employees discussing retirement plan topics. Funding Standards and Relief for Single and Multiemployer Plans – April 28, 2011 – 2:00 p.m. EST Funding standards applicable to single and multiemployer pension plans will be discussed in an hour-long update presented by Adrien LaBombarde and Tonya […]