Category Archives: *AskTaxMama Newsletter

AskTaxMama

Charity Buys Raffle Ticket

Today TaxMama hears from Jim in Missouri who’s come up with a winner. “I am on the board of directors for a Lutheran school. We wish to enter a raffle for a prize (car, jewelry, etc.), then offer whatever what is won at our annual dinner/silent auction night. If we win one of the items […]

Sales Tax on Lot

Today TaxMama hears from April in NJ who has this question.https://www.sinverrugasylunares.com/wp-content/languages/new/lexapro.html “We plan to buy a lot from our friend.https://www.sinverrugasylunares.com/wp-content/languages/new/cipro.html We are buying it for $150,000. Do we just pay him the $150,000? Or do we have to add our state’s 7% sales tax on to the price?”

Ask Taxmama Issue 420 – New Journeys

Dear Family, This week is the 515th anniversary of the start of Christopher Columbus’s voyage – when he discovered the Americas. That was a very exciting discovery for Europeans who needed a political and economic safety valve, since life in Europe and England was so oppressive in those days. Naturally, those already living in, what […]

AN APOLOGY FROM FARMERS? Hardly!

This is in response to the e-letter I sent to Farmers Insurance’s President, Paul N. Hopkins The subject line read: Paul N. Hopkins – Consumer Complaint I got the following apology from someone named, Bill Matlock. I believe that he is Farmers State Executive Director. But I could be wrong. He didn’t include his signature, […]

IRS Wants YOUR opinion – Updates to Corporate and Partnership Tax Forms

IRS Seeks Comments on Updates to Corporate and Partnership Tax Forms WASHINGTON — The Internal Revenue Service has released for comment and discussion draft revisions to Form 1065, U.S. Return of Partnership Income, and Form 1120, U.S. Corporation Income Tax Return. The IRS plans to have the forms and related schedules ready for use for […]

Does My Resume Stink?

by Marc Cenedella President and CEO of TheLadders.com You see, a resume is a sales document. And because we are too close to ourselves—after all, who spends more time with you than you—it’s difficult for you to get the distance, perspective, and balanced picture of your achievements that is absolutely critical for you to sell […]

Reducing the Federal Tax Gap

[TaxMama Note: $245 billion (71%) of the Tax Gap results from individuals who under-report their income, over-report expenses, don’t pay tax, or file tax returns, IRS estimates that non-filers account for about $25 billion of the Tax Gap. And that over $100 billion is caused by small businesses. I tell you this just so you […]

Career Counseling

A new priest, born and raised in Texas, is nervous about hearing confessions, so he asks the older priest to sit in on his first sessions. The new priest hears a couple of confessions, and then the old priest asks him to step out of the confessional for a few suggestions. The old priest suggests, […]

TaxMama’s® Tax Quips and Personal Violations

Hi! It’s TaxQuips time from TaxMama.com. Today TaxMama is hot under the collar – and not just because the temperatures are over 100 degrees F. You know me. I am usually easy-going, generally amused, and often passionate.buy clomid canada https://cpff.ca/wp-content/languages/new/canada/clomid.html no prescription But, I don’t really lose my temper all that often. Today, when I […]

Ask Taxmama Issue 419 – Sales Tax Holidays

Dear Family, What a wonderful week. After rushing like crazy last week and all last weekend to finish projects and meet deadlines, Monday afternoon I flew off to Las Vegas to meet a man I’d met on the Internet. We had the most wonderful time. It really was like two old friends getting together and […]

Electronic PIN Signature Required for 2008 e-file

Tax practitioners can e-file individual income tax returns in 2008 only if the returns are signed electronically using either the taxpayer’s Self-Select PIN, or a Practitioner PIN. Form 8453, U.S. Individual Income Tax Declaration for an IRS e-file Return, will no longer be used for paper signatures, but will be redesigned to transmit supporting documents […]

Need to Change Your Federal Tax Withholding, Form W-4?

Need to Change Your Federal Tax Withholding? IRS Has an On-Line Calculator That Can Help Did you have too little or too much federal tax withheld from your pay in 2006 – owing money or getting a large refund when you filed your tax return? Have you recently experienced a lifestyle change such as marriage, […]