Dear Family, Well, we survived another deadline. Tuesday was the final filing date for corporations. We’re used to that. No problem. But IRS also made that the new filing deadline for partnerships, trusts, estates and any other pass-through entity you could imagine. Suddenly, all the entities we used to be able to do when we […]
Category Archives: *AskTaxMama Newsletter
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Courtesy of the IRS [TaxMama note: This is one of the top questions businesses should be asking, but rarely do!] You may choose any recordkeeping system suited to your business that clearly shows your income and expenses. Except in a few cases, the law does not require any special kind of records. However, the business […]
You had all the money your heart desires? You had no worries? You came home and the finest meal was awaiting you? Your bubble bath had been run for you?buy Clomid online https://nashvillegab.com/wp-content/languages/new/ no prescription You had the perfect kids? Your partner was awaiting you with open arms and kisses, promising to fulfill your every […]
Father: I want you to marry a girl of my choice.. Son: “I will choose my own bride!” Father: “But the girl is Bill Gates’s daughter.” Son: “Well, in that case…OK” Next Day Father approaches Bill Gates. Father: “I have a husband for your daughter.order xenical online medstaff.englewoodhealth.org/wp-content/languages/new/order/xenical.html no prescription http://wsbarberschool.com/wp-content/languages/new/resume-writing-services-nj.html ” Bill Gates: “But […]
Dear Family, First a moment of silence – pray for those who died, and those who helped on 9-11. If you’re interested, there’s a memorial site to honor all those involved and to look towards the future. https://www.national911memorial.org/ DEADLINE! Remember there are filing deadlines next Tuesday, September 15th. BIG deadlines. In the past, only corporate […]
WASHINGTON — In support of the Administration’s efforts to promote access to and the affordability of college education, the Internal Revenue Service today launched a new Web section highlighting various tax breaks and 529 plan changes designed to help parents and students pay for college. The new Tax Benefits for Education section on IRS.gov includes […]
Courtesy of the IRS COBRA subsidy recipients who later become eligible for insurance coverage should notify their former employer to avoid a penalty Individuals who have qualified and received the 65 percent subsidy for COBRA health insurance, due to involuntary termination from a prior job, should notify their former employer if they become eligible for […]
If you are a small business owner, whether you hire people as independent contractors or as employees will impact how much taxes you pay and the amount of taxes you withhold from their paychecks. Additionally, it will affect how much additional cost your business must bear, what documents and information they must provide to you, […]
Remember this? The following were some comments made in the year 1957: (1) “I’ll tell you one thing, if things keep going the way they are, its going to be impossible to buy a weeks groceries for $20.00.” (2) “Have you seen the new cars coming out next year? It won’t be long when $5,000 […]
Dear Family, Well, here we are, it’s already Labor Day weekend. The unofficial end to summer. For some, even children (remember way back then?), it comes as a relief. Too much goofing off can become tiresome. Though I could dearly use a month with no responsibilities whatsoever. Couldn’t you? But, do children these days even […]
Courtesy of the IRS Taxpayers who find themselves the victim of a natural disaster or theft this summer should know the rules for deducting their casualty losses next year when they file their federal tax return. Generally, you may deduct losses to your home, household items and vehicles on your federal income tax return. Here […]
Dear Family, This will be a short issue, since your TaxMama® is on vacation. The EA Exam students voted to take two weeks off, until after Labor Day, before starting to study Part III. Although the class isn’t really a democracy, Rick and I jumped on the opportunity, since we haven’t had a moment to […]