Category Archives: *AskTaxMama Newsletter

AskTaxMama

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.

Ask TaxMama #668 – Happy New Year

Dear Family,   HAPPY NEW YEAR!   As of now, we’re getting close to new legislation to head off our plunge down that famous (and tedious) fiscal cliff. Here are some of the details of the law we expect to see:

Ask TaxMama Issue 667 – Merry Holiday Season

 Dear Family, This week’s IRS News provides some insights into what’s going on in Congress, especially on the committees that will be voting on our taxes. It all comes to you courtesy of our watchdogs (puppies?) at NAEA. We also give a bit of information about the new Medicare tax kicking on payrolls and business […]

Proposed Regulations Issued on Additional Medicare Tax

Courtesy of the IRS A new Additional Medicare Tax goes into effect starting in 2013. The 0.9 percent Additional Medicare Tax applies to an individual’s wages, Railroad Retirement Tax Act compensation, and self-employment income that exceeds a threshold amount based on the individual’s filing status. The threshold amounts are:

What’s Happening in Congress Regarding Our Taxes?

Courtesy of the National Association of Enrolled Agents NAEA’s E@lert’s holiday present to readers and taxpayers  is a one-week reprieve on Taxmageddon. The short version is that negotiations are ongoing and largely behind closed doors.https://www.thebesthealthnews.com/wp-content/languages/new/acyclovir.html Shifting gears a bit, we have news about the tax writing committees. At the start of the 113th Congress (the […]

Frugal Recipe for Fruitcake

You’ll need the following:   a cup of water a cup of sugar four large brown eggs two cups of dried fruit a teaspoon of salt a cup of brown sugar lemon  juice nuts and a bottle of whiskey.

Ask TaxMama Issue 666 – Happy Chanukah

There’s a party at the IRS today. Yup, they have parties, too. Ted Meyer, currently a territory manager in Los Angeles is retiring after over 3 decades of service. Although I am sure we’re all happy for him, I have to admit that I am sad to see him, and so many other veteran IRS […]

IRS Offers Tax Tips for “The Season of Giving”

Courtesy of the Internal Revenue Service December is traditionally a month for giving generously to charities, friends and family. But it’s also a time that can have a major impact on the tax return you’ll file in the New Year. Here are some “Season of Giving” tips from the IRS covering everything from charity donations […]

Everything I need to know, I learned from Noah’s Ark

ONE: Don’t miss the boat. TWO: Remember that we are all in the same boat!buy symbicort online gilbertroaddental.com/wp-content/languages/new/generic/symbicort.html no prescription THREE: Plan ahead. It wasn’t raining when Noah built the Ark.

Care and Feeding of your PTIN Series – Session 3 – The Responsibilities, Rights, & Privileges of an RTRP

Registered Tax Return Preparers (RTRP) are facing an array of rules and regulations. While some people say they are not getting information about their obligations; others say there is too much information. It can be hard to get straight answers. Our goal is to provide you with a clear understanding of your new responsibilities and […]

IRS Strengthens Integrity of ITIN System

Courtesy of the IRS For more information about the reason the system needs strengthening…read TaxMama’s MarketWatch article. WASHINGTON –– The Internal Revenue Service announced today updated procedures to strengthen the Individual Taxpayer Identification Number (ITIN) program requirements. The new modifications and documentation standards further protect the integrity of the ITIN application and refund processes while helping […]

‘Twas Right After Thanksgiving

 ‘Twas Right After Thanksgiving (in California)  And all through the house, Not a channel was showing any shows worth the price.