Dear Family, Whew! We survived another big filing deadline – the one for corporations, partnerships, estates, trusts and everything. Thank goodness. But, oops. What if your business didn’t quite get your tax return done in time? My good buddy, Wayne M. Davies has the answer for you, in a special – open to everyone. He […]
Category Archives: *AskTaxMama Newsletter
AskTaxMama
[TaxMama Note: Contratulations to the U.S. Treasury and IRS ! This is significant for two reasons. 1) People have really taken to using the EFTPS system. 2) This is going to be our primary payments option as of next year – so get familiar with it! ] WASHINGTON—On August 27, the Department of the Treasury processed […]
There is a nine-year-old kid sitting at his desk and all of a sudden, there is a puddle between his feet and the front of his pants are wet. He thinks his heart is going to stop because he cannot possibly imagine how this has happened. It’s never happened before, and he knows that when […]
Dear Family, First let me start with an urgent reminder. There are deadlines coming up – all corporate, partnership and estate tax returns are due next week, on September 15th. Estimated tax payments are due, as well. https://taxmama.wpengine.com/tax-calendar-2010/ Note: The office will be closed and please don’t look for answers from TaxMama – until Monday! […]
I got a pre-declined credit card in the mail. Wives are having sex with their husbands because they can’t afford batteries. Taxpayers don’t have any taxes to pay.
Dear Family, We were at the IRS Tax Forums last week. You can read all about our experiences in this week’s IRS News. There will be more information next week, as I have time to keep writing. It will just pour out as I sit at the keyboard. The fun part was meeting so many […]
Problem Resolution and Focus Groups Problem Resolution had a facility at the Tax Forum. One of my friends brought a case file with her (and power of attorney forms, etc.). When picking up her registration packet on Monday, she was given a form to fill out with the specifics of her case (and a copy […]
Last week, all my tax staff and I took our annual trip to the IRS Tax Forum. When these forums first started out many years ago, the fee was $25 for three days of education provided by IRS staff and a variety of tax professionals from sponsor associations. It was an amazing value – especially […]
WASHINGTON — The Internal Revenue Service announced availability of the summer 2010 issue of the Statistics of Income Bulletin, which features sole proprietorship data for tax year 2008. About 23 million individual income tax returns reported at least one nonfarm sole proprietorship in tax year 2008, a 2 percent decrease since the prior year. Reported […]
About two years ago my wife and I were on a cruise through the western Mediterranean aboard a Princess liner. At dinner we noticed an elderly lady sitting alone along the rail of the grand stairway in the main dining room. I noticed that all the staff, ship officers, waiters, busboys, etc. all seemed very […]
Dear Family, THANK YOU. Did I remember to tell you just how much I appreciate you – your friendship and support, your comments and even, sometimes, your silences? Well, THANK YOU. We don’t always remember to show our gratitude or appreciation. So, many years ago, I created a holiday for this very purpose. (You’ll even […]
Proposed Regulations Expand the Use of Electronic Payment System and Discontinue Paper Coupons Next Year WASHINGTON — Consistent with a Financial Management Service initiative announced in April of this year, the IRS today issued proposed regulations to significantly increase the number of electronic transactions between taxpayers and the federal government. The proposed regulations (REG 153340-09) […]