Category Archives: News & Politics

TaxMama’s® TaxQuips Flaw in the Tax Law – Casualties

    It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants talk to you about a big flaw in the current tax laws.         Dear Family, It’s summer! Can you believe the year is going by so quickly? The past month has been a whirlwind with teaching, taking classes and even going […]

TaxMama’s TaxQuips March Tax News and Tips

  It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to talk to you about the sticker shock (high tax return balances) you just faced – and how to reduce some of that financial pain.       Dear Family, There’s a lot going on right now, and new legislation about to be passed tomorrow. […]

TaxMama’s TaxQuips Next Year Will be So Taxing!

We have legislation pending today – which might actually go through!                 Dear Family, Until some of the data released this morning, I didn’t think the new budget legislation was going to have any impact on our 2020 tax returns…but there are strong hints that aside from additional […]

California Small Businesses Now Have Until July 31, 2020 to File and Pay First Quarter Returns

For #Californians Governer Newsome is letting you keep the sales taxes you collect. For now * https://www.cdtfa.ca.gov/news/20-06.htm Sacramento – In accordance with the Executive Order issued by Governor Newsom last night to expand tax relief for small business taxpayers, the California Department of Tax and Fee Administration (CDTFA) announced today that all small businesses will have an additional […]

Last Minute New Tax Laws and Changes

    Today TaxMama® wants to give you some very big news about tax law changes. On December 20th President Trump signed into law the Further Consolidated Appropriations Act. Those 715 pages included two major tax bills – the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) and the Taxpayer Certainty and Disaster […]

Don’t Lose your Passport – or Your Employee Business Expenses!

In November’s monthly visit with Jim Blasingame, we discussed some current issues brought up by the IRS at the November 2018 Stakeholder Liaison meeting. For more details – read today’s blog post https://taxmama.com/tax-quips/are-you-losing-your-passport/   Learn how to avoid this problem – read today’s blog post https://taxmama.com/tax-quips/paycheck-check-up/

Watch Today: Allianz Stole Premiums from Concentration Camp Victims

On Friday afternoon, February 15, at 5 pm Eastern Time, Huffington Post Live will have a program on the Holocaust insurance issue. Holocaust Survivor Foundation (HSF) leaders Leo Rechter and Ivar Segalowitz will be live in the NYC studio with the moderator, and eminent historian Edwin Black, author of IBM and the Holocaust, will participate, […]

Fiscal Cliff Legislation – The American Taxpayer Relief Act of 2012

Today TaxMama® hears from Spidell Publishing Inc. at www.caltax.com  with the latest news on the fiscal cliff legislation.

SB 924: The Bill That Ended Physical Therapy Benefits For CA Seniors

This is a plea from Chris Reed, who is asking for your help. Family, Friends, Current and Former Patients,   Many of you know that I have become heavily involved in the politics of my profession. I am writing to ask your help. We are fighting for our profession right now. I have attached a letter […]

Proposed Congressional Reform Act of 2011

TaxMama Note: This proposal is making it’s way across the Web via email. There’s a lot of wisdom in this, it you really look at the original intent of the Founding Fathers. They envisioned Congress being a citizen’s duty. Go to the Capitol for a while, serve as the spokesperson for the needs of your state […]

General Eisenhower Warned Us

General Eisenhower Warned Us It is a matter of history that when the Supreme Commander of the Allied Forces, General Dwight Eisenhower, found the victims of the death camps he ordered all possible photographs to be taken, and for the German people from surrounding villages to be ushered through the camps and even made to […]

Large Loss

Today TaxMama hears from Clay in California, who tells us. “I invested in a company that failed. Where is that handled on the 1040 form? I have had other failures and I was only allowed to deduct $3,000 per year. I have a substantial capital gain this year on a sale of properties.” Hi Clay […]