Category Archives: *AskTaxMama Newsletter

AskTaxMama

IRS Clarifies Temporary ITIN Application Requirements for Noncitizens with Tax Extensions and Many Foreign Students

[TaxMama Note: We’ve been waiting for this.] Effective Oct. 2, 2012, the IRS implemented two separate clarifying changes to its temporary procedures for issuing Individual Taxpayer Identification Numbers (ITINs).https://www.fiercereads.com/wp-content/languages/new/resume-writing-service.html First, the IRS will allow individuals studying in the United States under the Student Exchange Visitors Program (SEVP) to get ITINs under a streamlined procedure. SEVP […]

Wisdom from the Mouths of Babes

IMPORTANT TRUTHS ABOUT LIFE         That Little Children Have Learned: [TaxMama Note:  Lately, we’ve been hearing from Baby Boomers. It’s time to give the children a children a chance to be heard. ] 1)   No matter how hard you try, you can’t baptize cats.

Ask TaxMama Issue 659 – Autumnal Moods

Dear Family, Welcome to autumn. This is the best time of the year. Summer’s heat is starting to fade away. Winter’s snow hasn’t yet come (to those of you who live in snowy climes). And the trees are turning glorious shades of gold and auburn.

IRS Can Reduce Real-Estate Costs by Increasing Use of Telework

[TaxMama note: The IRS started on this path several years ago. Many of my contacts have been working from home.https://www.myjewishlistings.com/wp-content/languages/new/photo-editing-services.html CPA firms started doing this more than a decade ago. It saved them entire floors in office buildings – cutting costs significantly. Besides, this can cut traffic jams. Excellent idea.] WASHINGTON – The Internal Revenue […]

IRS Takes Confidentiality Seriously

We’ve been talking about IRS whistleblowers lately. One of the features of the program is that it is meant to provide anonymity to the whistleblower. Otherwise, that person could potentially face serious physical and financial harm. Well, it doesn’t always work that way. Sometimes, you run into a corrupt government official seeing a way to […]

Wisdom That Comes With Adulthood

A dozen bits of wisdom 1) Raising teenagers is like nailing Jell-O to a tree. 2) There is always a lot to be thankful for if you take the time to look.  For Example: I’m sitting here thinking how nice it is that wrinkles don’t hurt.

Half of Volunteer Prepared Returns Were Incorrect

Courtesy of NAEA – www.naea.org                                                    A TIGTA  audit, which hit email boxes in DC this week, makes for interesting reading. On the plus side, the new accuracy rate is far higher than the accuracy rate TIGTA measured during the 2011 filing season (39 percent). On the down side, half of returns in the study […]

Final Decision on Your Ultimate 2013 Tax Obligations?

Courtesy of CCH, a Wolters Kluwer Co. (RIVERWOODS ILL., September 14, 2012) – Taxpayers recovering from the current economic downturn will get at least some relief in 2013 by way of the mandatory upward inflation-adjustments called for under the tax code, according to CCH, a Wolters Kluwer business, a leading global provider of tax, accounting […]

Word Play for Whistleblowers

Here are some anagrams that someone came up with – that person was either exceptionally clever or has far to much time to waste or is deadly at Scrabble. Whistleblower When you rearrange the letters: Who blew ‘er List

Ask TaxMama Issue 657 – Sweet Safe New Year

Dear Family,  Whew…OK, I am all caught up, at the moment, on answering all questions in the TaxQuips Forum, from students, from clients and everyone. We have finished all tax returns – except the one person who is THE annual straggler. So perhaps it’s time to focus on family and friends and the New Year […]

Democracy at Work?

So it seems that these four rabbis had a series of theological arguments, and three were always in accord against the fourth. One day, the odd rabbi out, after the usual “3 to 1, majority rules” statement that signified that he had lost again, decided to appeal to a higher authority.