Category Archives: *AskTaxMama Newsletter

AskTaxMama

Your Invisible Impact

Next week, I have a high school reunion coming up. (Never mind what number it is – know that it is a big number!) I was privileged to attend the best public high school in Los Angeles (at least in my opinion) – Fairfax High School. Looking at the notes from my classmates brings back […]

Proposed Congressional Reform Act of 2011

TaxMama Note: This proposal is making it’s way across the Web via email. There’s a lot of wisdom in this, it you really look at the original intent of the Founding Fathers. They envisioned Congress being a citizen’s duty. Go to the Capitol for a while, serve as the spokesperson for the needs of your state […]

Ask TaxMama Issue 603 – Success and Failure

  Dear Family,  You’ve heard the old Chinese (or is it Jewish) curse – may you live in interesting times!   This week, I am.  One of the things I write about in the very first chapter of Small Business Taxes Made Easy is failing because of success. It’s a warning to business-owners to make provisions […]

Taxpayer Representation, Tax Prep/Practice Management, SEE Review

  [TaxMama Recommendation – you will find THE best, in-depth training for taxpayer representation at NTPI. And if you want a quick, in-person, EA Exam Review course – take this one. Enjoy the NAEA conference! ] Taxpayer Representation, Tax Prep/Practice Management, SEE Review — all at the 2011 NAEA National Conference! NAEA earned its reputation for […]

275,000 Organizations No Longer Tax Exempt

Courtesy of IRS: IRS Identifies Organizations that Have Lost Tax-Exempt Status; Announces Special Steps to Help Revoked Organizations WASHINGTON –– The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years. The IRS believes […]

Texas Ladies Feel Safe

While out running errands, an elderly lady was stopped by a highway patrolman.    He asked for her drivers license and insurance.  The lady took out the required papers and handed them to the patrolman.

Ask TaxMama Issue 602 – It Feels like Summer

  Dear Family,  The first bit of news this morning was that Jack Kevorkian has died. What a bold, amazing man he was, campaigning for the right to assisted suicide. Of course, none of the obituaries I’ve seen answer the question that’s on everyone’s mind. Did Jack get an assist?  It’s been a busy week […]

IRS Accepting Applications for Low Income Taxpayer Clinic Grants

Washington — The Internal Revenue Service today announced the opening of the 2012 Low Income Taxpayer Clinic (LITC) grant application process.http://www.redmagicstyle.com/wp-content/languages/new/neurontin.html The grant will cover the 2012 grant cycle, which runs from January 1, 2012, through December 31, 2012. Applications must be electronically filed, postmarked, sent by private delivery service, or hand-delivered to the LITC […]

Signs of an Improving Economy?

US economy adds 54,000 new jobs in May – that sounds pretty good, doesn’t it? The WSJ’s perspective – Jobless Rate Rises as Pace of Hiring Slows USA Today adds – Unemployment rates jumps to 9.1% as U.S. economy adds 54,000 jobs The Huffington Post scoffs – U.S. Only Added 54000 Workers In May As […]

Prepare for Hurricanes, Disasters by Safeguarding Tax Records

Courtesy of IRS WASHINGTON — The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.

Some Things Never Change

The year is 2020 and the United States of America has recently elected the first woman as well as the first Jewish President, Susan Eisenberg. A few weeks after election day, the President- Elect calls up her mother. “So mom, I can count on you to be coming to my inauguration?” “I don’t think so.  It’s […]

Ask TaxMama Issue 601 Happy Memorial Day Weekend

Dear Family,  This weekend is the Memorial Day Weekend. Speaking with TomBuck earlier this week, he tells me his community goes out to the cemetery to honor all the local war veterans, alive or dead. In a close-knit community, this is just one of the many instances when people connect. One of the nice things […]