WASHINGTON — For tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation, the Internal Revenue Service announced today. By law, the dollar amounts for a variety of tax provisions, affecting virtually every taxpayer, must be revised each year to keep pace with inflation.buy premarin online mannadew.co.uk/wp-content/languages/new/uk/premarin.html […]
Category Archives: *AskTaxMama Newsletter
AskTaxMama
Let’s see how the U.S. Budget stacks up to a household budget, shall we? In order to compare apples to apples, we are using the numbers based on the same fiscal year – 2009, since that is the most current set of numbers available from the IRS. We will show you how the U.S. budget […]
Dear FAMILY, The other day, I was talking to someone and he said something that really hit a chord with me. I’ve made mistakes, or bad decisions. There are times when I wish I had something differently. Over the years, in my career, in my business, in my tax practice, there were choices or […]
Free phone forums featuring IRS employees discussing retirement plan topics. Upcoming Phone Forums Determination Letter Issues Regarding Employee Stock Ownership Plans – October 28, 2011 The presentation will cover topics such as technical issues affecting ESOPs and recurring issues noted in ESOP determination letter submissions. Presenters are Don Kieffer and Rick Parker in the […]
[TaxMama Note: This is wise advice, my friends. The time has come, the Walrus said…to get with the program. If you plan to prepare tax returns next year, and get paid to do so, you must be filing electronically, now. It may be hardship for folks who have been preparing tax returns manually, or who […]
Courtesy of the IRS Don’t Overlook Special Individual and Small Business Tax Benefits; Choose e-file, e-pay [TaxMama Note: Be careful. If you have disclosure statements that you want to go to IRS with your tax return, make sure your tax software company is transmitting those pages or forms. If you cannot reach them in time, […]
Paddy goes to the vet with his goldfish. “I think it’s got epilepsy” he tells the vet. Vet takes a look and says “It seems calm enough to me”. Paddy says, “I haven’t taken it out of the bowl yet”.
Dear Family, This week, we’ve been busy trying to finish up tax season before the October 17th deadline. It’s odd that people we’ve been working with for a decade or two have suddenly forgotten the fundamental things needed to complete their own tax returns. Things they have been gathering year-after-year…they just don’t remember. Are […]
Courtesy of IRS. [TaxMama note: IRS issued this announcement on Sept 29, 2011. Not quite enough time to post this, much less for you to use this information by October 3rd. If you missed the deadline and didn’t get to file for an extension, try to get the extension anyway. The rules for last year […]
“The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.” – Cicero – 55 BC […]
Dear Family, This year is ending tonight – at least on the Jewish calendar. 5772 is starting tonight. We all need a new, fresh, clean year – filled with lots of hope, anticipation and joy. I wish you good health, good friends, prosperity and peace. And may you and everyone you love be written into […]
Dear Family, This week, there’s a lot of activity in the Legislature and on the Market, but nothing definitive to discuss here. On the other hand, I visited a junior college earlier in the week (see Thursday’s TaxQuips e-mailed newsletter) and was faced with the college’s dwindling budget. They reported that they have been forced […]