Category Archives: *AskTaxMama Newsletter

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Another Record-Breaking Number of Taxpayers Choose to Electronically File in 2007

[Courtesy of the Internal Revenue Service] WASHINGTON — The Internal Revenue Service this year received nearly 80 million tax returns through e-file, breaking the record set last year. The 2007 level is up about 9 percent from the 73 million returns filed for the same period last year. Of the 139.3 million returns filed in […]

IRS and States to Share Employment Tax Examination Results

[Courtesy of the Internal Revenue Service] WASHINGTON — Officials from the Internal Revenue Service and more than two dozen state workforce agencies today announced they have entered into agreements to share the results of employment tax examinations. The agreements, part of the Questionable Employment Tax Practice (QETP) initiative, provide a centralized, uniform means for the […]

House Bill Provides Low-Income Tax Benefit, Amt Fix

Courtesy of The National Women’s Law Center www.nwlc.org Bill Closes Private Equity Tax Loophole to Pay for Changes (Washington, D.C.) The U.S. House is expected to vote Friday on a bill that promotes tax fairness and fiscal responsibility by expanding eligibility for the refundable child tax credit, temporarily fixing the alternative minimum tax, and closing […]

Focus on what you do best

“Advertise your specialty. Employers are looking for specialists with specific experience solving the problems they currently face. So don’t try to be everything to everyone in your resume, which could confuse your reader. Focus on what you do best.” Alesia Benedict Get Interviews Contact Alesia for Resume Advice! Ask TaxMama :: Where taxes are fun […]

The Lowest Bid

There was a painter named Wayne who was very interested in making a penny where he could, so he often thinned down his paint to make it go a wee bit further. As it happened, he got away with this for some time, but eventually the synagogue decided to do a big restoration job on […]

Ask Taxmama Issue 432 – From the Peanut Gallery

Dear Family, Happy Peanut Butter Lovers Month. When was the last time you enjoyed a peanut butter and jelly sandwich? Lots of schools around the country ban nuts from campus due to the morbid danger for those who are deathly allergic to peanuts and nuts. Speaking of deadly food, my history teacher in high school […]

The Mayonnaise Jar and 2 Cups of Coffee

When things in your life seem almost too much to handle, when 24 hours in a day are not enough, remember the mayonnaise jar and the 2 cups of coffee. A professor stood before his philosophy class and had some items in front of him When the class began, he wordlessly picked up a very […]

e-News for Small Business

[Courtesy of Internal Revenue Service] “The IRS has started a new service, e-News for Small Business. Distributed every other Wednesday, it brings timely, useful tax information right to your computer, including, but not limited to: Important, upcoming tax dates What’s new on the IRS Web site Reminders and tips to assist businesses with tax compliance […]

State Your Case

“State Your Case. If you’re seeking a job in a field in which you have no prior experience, don’t use a chronological format. Instead use a functional or skills-oriented format, which will present your relevant experience and skills upfront.” Peter Newfield Career-Resumes Contact Peter for Resume Advice! Ask TaxMama :: Where taxes are fun and […]

IRS Grants Tax Relief for Southern California Wildfire Victims

[Courtesy of Internal Revenue Service WASHINGTON — The Internal Revenue Service is extending tax return filing and payment deadlines for victims of the severe Southern California wildfires. Taxpayers in the Presidential Disaster Area –– consisting of Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura counties –– will have until Jan. 31, […]

Ask Taxmama Issue 431 – Frightful Weekend

Dear Family, You can’t turn the news on anywhere without seeing constant reports of the California Wildfires. The Los Angeles Times has built a Google Map of the fires, you can check anytime. https://www.snurl.com/ca_wildfires I can’t ever remember a Santa Ana season (the hot winds) when sooooooooooo many people have been evacuated from their homes. […]

Poker Tournament Winnings Must be Reported to the IRS

IR-2007-173, Oct. 19, 2007 [Courtesy of the Internal Revenue Service] WASHINGTON — Starting next year, casinos and other sponsors of poker tournaments will be required to report most winnings to winners and the Internal Revenue Service, according to the IRS. The new requirement, which goes into effect on March 4, 2008, was contained in guidance […]