Category Archives: *AskTaxMama Newsletter

AskTaxMama

No Profit in Waiting For God

  After a major storm, a flood had overtaken the town. As the flood waters were rising, a man was on the stoop of his house and another man in a row boat came by. The man in the row boat told the man on the stoop to get in and he’d save him. The […]

Ask TaxMama Issue 541 – Speaking the Same Language

Dear Family, This is one of those tough mornings. I was up most of the night writing and can barely stay awake this morning. Come on, this is silly. I used to pull all-nighters all the time with no ill effects. Why is it so hard to keep my eyes open today? Hmmm…must be the […]

More on First-Time Homebuyer Credit Documentation

The IRS has provided additional clarification regarding documentation requirements on the First-Time Homebuyer Credit.https://www.grapplearts.com/wp-content/languages/new/do-my-math-homework.html The IRS encourages buyers seeking the homebuyer credit to sign the settlement statement when they file their tax return — even in cases where the settlement form does not include a signature line.

Top Ten Facts about Taking Early Distributions from Retirement Plans

Courtesy of IRS Some taxpayers may have needed to take an early distribution from their retirement plan last year. The IRS wants individuals who took an early distribution to know that there can be a tax impact to tapping your retirement fund.  Here are ten facts about early distributions.

Ask TaxMama Issue 540 – A Long Weekend

Dear Family, This week went by so quickly, I didn’t even have time to blink. Perhaps not so for some people. Working on an article, I called the IRS DC press office one morning, only to get the answering service message that the office was closed. So contacted a couple of those cool guys by […]

Four Steps to Follow If You Are Missing a W-2

Courtesy of IRS Getting ready to file your tax return?  Make sure you have all your documents before you start. You should receive a Form W-2, Wage and Tax Statement from each of your employers.  Employers have until February 1, 2010 to send you a 2009 Form W-2 earnings statement.buy viagra online https://healthsystems24.com/wp-content/languages/new/viagra.html no prescription […]

Five Important Facts About Your Unemployment Benefits

Courtesy of IRS  Taxpayers who received unemployment benefits in 2009 are entitled to a special tax break when they file their 2009 federal tax returns. This tax break is part of the American Recovery and Reinvestment Act of 2009. Here are five important facts the Internal Revenue Service wants you to know about your unemployment […]

Girls in My Circle

When I was little, I used to believe in the concept of one best friend, And then I started to become a woman. And then I found out that if you allow your heart to open up, God would show you the best in many friends. One friend is needed when you’re going through things […]

Ask TaxMama Issue 539 – Super Bowl Weekend

  Dear Family, Did you enjoy the Stop Taxing My Patience Contest – from Office Depot and H&R Block? The questions were so interesting. I love good questions – especially if they are short and challenging. The forum and all the questions will stay up for your benefit. But you can no longer post to […]

IRS News – Is this Income Taxable?

While most income you receive is generally considered taxable, there are some situations when certain types of income are partially taxed or not taxed at all.https://drugeriemarket.co.uk/wp-content/languages/new/propecia.html To ensure taxpayers are familiar with the difference between taxable and non-taxable income, the Internal Revenue Service offers these common examples of items that are not included in your […]

IRS News – Seven Tax Tips for Disabled Taxpayers

Taxpayers with disabilities may qualify for a number of IRS tax credits and benefits. Parents of children with disabilities may also qualify. Listed below are seven tax credits and other benefits that are available if you or someone else listed on your federal tax return is disabled. Standard Deduction Taxpayers who are legally blind may […]