Today TaxMama® hears from Melissa in the TaxQuips Forum. “I was granted innocent spouse relief after my divorce in 2013. Yet when I filed my taxes this year, I didn’t get my refund and received no info on why; or if it went to my ex-husband’s unpaid state (WV) taxes, that he hasn’t paid for […]
Category Archives: *AskTaxMama Newsletter
AskTaxMama
*AskTaxMama Newsletter, Installment Agreement, IRS Forms, IRS News, IRS Notices, Offer in Compromise (OIC), Owing Taxes, Reviews and Recommendations, Tax Debt, Tax Representation, Tax Research, Tax Resolution, Transcripts- IRS
PitBull Tax Resolution Software Demo
29
Oct
Oct
When I started teaching the IRS Practice Series at CPE Link, I needed an easy way to prepare my pro-forma collections forms. It was especially important to have a tool that would integrate the most current National Standards, exclusions from assets, etc. PITBULL SOFTWARE provided me with the tools that I need. Not only do […]
*AskTaxMama Newsletter, *Tax Quips, Casualty loss, Disaster, Exceptions to Penalties, Late Filing, Paying Taxes, Penalties
October 15th is NOT the filing deadline for Everyone
13
Oct
Oct
October 15th is the annual filing deadline for all personal income tax returns.https://biuinternational.com/wp-content/languages/new/how-to-do-a-lab-report.html This year, some (un)lucky folks in several disaster areas around the country have extra time to file – as long as they were wise enough to put their personal tax returns on extension.https://biuinternational.com/wp-content/languages/new/writing-college-essay.html What about the rest of us? We still face […]
*AskTaxMama Newsletter, *Tax Quips, 1099s, Business, Contracts, Deductions, Fair Market Value
Taxable Complimentary Stuff
12
Oct
Oct
Today TaxMama® hears from Rick in the TaxQuips Forum. Let me summarize his issue. He just learned that he is getting a $9,000 1099MISC for items he receives to review. He can’t use most of those things, but he’s not allowed to sell them. Yet, he will be paying taxes on the retail value of […]
*AskTaxMama Newsletter, *Tax Quips, Accounting Method, Accrual Basis, Auto Expenses, bank account, Bookkeeping, Business, Business Expenses, Business Taxes, Corporations, Estates and Trusts, Estimated Taxes, Form W-2, listed property, partnership, Payroll, Record Keeping, Sales taxes, State Taxes, Tax Professionals
Business Tax Returns
08
Sep
Sep
Today TaxMama® wants to talk about the upcoming tax filing deadline on September 15th for calendar year entities. Returns that are due include partnerships, corporations – C & S, certain estates and trusts. It’s important to know what to get ready for your tax pro or you.
*AskTaxMama Newsletter, *Tax Quips, Carrybacks/Carryforwards, Net Operating Loss (NOL), Non-Filer, Statute of Limitations
Net Operating Losses
24
Jul
Jul
Today TaxMama® hears from Jean in the TaxQuips Forum, with this problem. “I have a client that hasn’t filed his personal tax returns for 8 years.https://www.epsa-online.org/wp-content/languages/new/zovirax.html He is currently under audit, and I am preparing the returns. Can I carryback net operating losses (NOLs) from 2012 to 2010, and forward from 2009 to 2010? Since […]
07
Jul
Jul
Today TaxMama® hears from Paul in the TaxQuips Forum, with this common issue. “I just received a CP2000 Notice from the IRS informing me of ,900 in proposed taxes due from 2013.buy neurontin online pharmacohealthcare.com/wp-content/themes/twentysixteen/inc/engl/neurontin.html no prescription (On our joint return, I forgot to include my wife’s 1099 earnings in the amount of $5,100.) This […]
*AskTaxMama Newsletter, *Tax Quips, Exceptions to Penalties, Penalties, RMD - Required Minimum Distributions
Reasonable Care and RMD
15
Jun
Jun
Today TaxMama® hears from Sonia in the TaxQuips Forum, who has this quickie question. “I contacted the custodian of my IRA AT 3 PM on 12/31 to request a required minimum distribution (RMD). The transaction ended up being dated 1/1. Will the 50% penalty apply? If so, how can I apply for relief?”
*AskTaxMama Newsletter, *Tax Quips, Acquisition Debt, Interest Expense, Investment Interest Expense, Mortgage Interest
Vacation Home Mortgage
27
Apr
Apr
Today TaxMama® hears from LFloom in the TaxQuips Forum with a very good question. We want to buy a vacation home that will eventually be a retirement home. It is difficult and more expensive to get a loan on this place. So, I want to get a mortgage on my primary home to buy the […]
15
Apr
Apr
Today TaxMama® just wants to bring up a little lightness of being. Today is the day to pay last year’s taxes with the extension; estimated taxes for this year, and the final IRA contribution to reduce last year’s taxes a bit. So…it’s time to sing the blues.
*AskTaxMama Newsletter, *Tax Quips, Payroll, Social Security and SSDI, Withholding
Collecting Social Security Early
10
Apr
Apr
Today TaxMama® hears from Thom in the TaxQuips Forum with a question I used to wonder about. “I started collecting Social Security benefits at 62.buy advair generic https://myindianpharmacy.net/advair.html over the counter I just started working a few hours a week part time.https://www.simplybeyondfoods.com/wp-content/languages/new/aciphex.html Why are they still deducting SS from my paycheck, since I am collecting […]
*AskTaxMama Newsletter, *Tax Quips, 1099s, Amending Returns, Form 1099, Form W-2, Missing Information, Multi-State Taxes, State Taxes
Oops Got Another 1099, W-2 etc
18
Mar
Mar
Today TaxMama® hears from various folks in the TaxQuips Forum and elsewhere with another common problem. “I filed my tax return and then got another W-2, 1099, or a corrected 1099 from my brokers.https://libertyjuice.com/wp-content/languages/new/stromectol.html What should I do now?”