Courtesy of the Internal Revenue Service WASHINGTON — The Information Reporting Program Advisory Committee (IRPAC) today released its 2012 Report, which includes recommendations pertaining to a number of information reporting issues such as cost basis reporting for debt and options, the new Form 1099-K, the Foreign Account Tax Compliance Act, information return corrections and other […]
Category Archives: *AskTaxMama Newsletter
AskTaxMama
Courtesy of the Internal Revenue Service The Internal Revenue Service is issuing a warning about a new tax scam that uses a website that mimics the IRS e-Services online registration page. The actual IRS e-Services page offers web-based products for tax preparers, not the general public. The phony web page looks almost identical to the […]
Just in case you weren’t feeling too old today, this will certainly change things. 1. The people who started college this fall across the nation were born in 1998. 2. They have no meaningful recollection of the Reagan Era and did not know he had ever been shot. 3. They were not born yet when […]
Dear Family, This week, the IRS announces new limits on a variety of things for 2013. That’s the entire content of this week’s IRS news features: In IRS News we get the new limits on a variety of benefits for 2013 – with more to come in the IRS’s announcement on November 5th. The IRS […]
Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013. In general, many of the pension plan limitations will change for 2013 because the increase in the cost-of-living index met the statutory thresholds […]
Courtesy of the Internal Revenue Service WASHINGTON — For tax year 2013, the Internal Revenue Service announced today annual inflation adjustments for more than two dozen tax provisions.
An elderly man in Miami calls his son in New York and says,” I hate to ruin your day, but I have to tell you that your mother and I are divorcing; forty-five years of misery is enough.” “Pop, what are you talking about?” the son screams.
Dear Family, Those of us in the Los Angeles area are dealing with a special and unusual phenomenon today. The Space Shuttle is taking its final trip, heading for the museum where it will make its home – the California Science Center near USC. Many people have already camped out, hoping for a glimpse, as […]
Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax benefits and then file their returns electronically using IRS e-file or the Free File system. Many of the more than 11 million taxpayers who […]
Inspired by the new, higher gasoline prices in California, we bring you this shining gem of humor: Once upon a time, at a computer expo, Bill Gates reportedly compared the computer industry with the auto industry and stated, “If GM had kept up with technology like the computer industry has, we would all be driving […]
Dear Family, We were looking forward to the presidential debates this week. They were a disappointment. The moderation was loose and uncontrolled. And Obama looked and sounded weary from the very beginning. Did we learn anything new from either Obama or Romney? I didn’t feel that I did. Did you? There are a lot of […]
[TaxMama Note: Instead of complaining about the system – speak up and fix it! This is your opportunity.] WASHINGTON — The Internal Revenue Service is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT). The committee provides a venue for public input on relevant areas of tax administration.buy antabuse […]