Category Archives: *AskTaxMama Newsletter

AskTaxMama

Happy Mothers Day Weekend

Dear Family, Early this morning, while working on today’s issue, I was sitting here, exchanging notes with my EA Exam instructor in Portugal, Roger B. Adams, while we finish updating the new site and the 2009 course schedule. Yes, you’re bored, we’ve been working on this for weeks. Everytime we think we’re nearly done, we […]

IRS Reminds Small Tax-Exempt Organizations to File e-Postcards

IR-2009-49, May 6, 2009 WASHINGTON — The Internal Revenue Service today reminded many small tax-exempt organizations to file their annual electronic informational return with the IRS by the May 15 deadline. This is the second year of the new requirement for tax-exempt organizations whose gross annual receipts are normally ,000 or less to file Form […]

Tax Jokes and Groaners

Psychiatrists say a man shouldn’t keep too much to himself. So does the IRS. (Beckie Shiles) I just finished my income tax forms. Who says you can’t get wounded by a blank? (Henny Youngman) Visiting Washington D.C., Dana wanted to see the White House for the first time. At the gate Dana asked the guard, […]

Happy May Day

Dear Family, Today is the first of May. For some, it’s an old holiday with roots in the return of spring, flowers, dancing and delight. For others, it’s a time of labor protest and riots. Personally, I prefer the celebration. For history buffs, you can learn more about May Day around the world by clicking […]

What Happens After I File?

Courtesy of IRS – IRS Tax Tip 2009-73 Most taxpayers have already filed their federal tax returns but may still have questions. Here’s what you need to know about refund status, recordkeeping, mistakes and what to do if you move. Refund Information You can go online to check the status of your 2008 refund 72 […]

Tax Consequences of Canceled Debt

To listen to this presentation, please use the link in the Resource Box below. Transcript of presentation: Hello. I’m Jean Wetzler, with a reenactment of a March 2009 IRS National Phone Forum on the “Tax Consequences of Canceled Debt”.https://www.fiercereads.com/wp-content/languages/new/executive-resume-writing-service.html The presenter for the phone forum was Anne Freeman, chief of the Individual Review section of […]

Shingles

A MAN walked into a doctor’s office. The receptionist asked him what he had. “Shingles,” he said. The receptionist took down his name, phone number and insurance information and told him to have a seat. Fifteen minutes later, a nurse’s aide took the man to an examining room and asked what he had. “Shingles,” he […]

After Earth Day – Energy Incentives

Dear Family, Well, I’m baaaaack! It’s always really nice to take some time off and totally disconnect from phones and computers, isn’t it? We’ve been to Paradise and back. Along the way we saw a 9-foot pizza being designed; strawberry pizzas being hawked; pizza-shaped hats; a ratapult tossing stuffed rats; an array of medieval garments […]

Listed Property Limits for 2009

IRC §280F (listed property) provides ceilings on the amount of depreciation and §179 that can be claimed on passenger automobiles, light duty trucks and vans. The limitations listed below are multiplied by the taxpayer’s business use of the vehicle. The amounts for passenger automobiles placed in service in 2009 differ slightly from the amounts for […]

Obama and Biden file 2008 Tax Returns

Courtesy of NAEA – National Association of Enrolled Agents President Barack Obama and his wife, Michelle, on Wednesday released their MFJ tax return. The first couple reported about $2.7 million in income for 2008, mainly from book sales. President and Mrs. Obama paid about $855,000 in federal income taxes. In a release, the first family […]

Cross-Cultural Advertising

A disappointed cola salesman returns from his assignment in Israel. A friend asked, “Why weren’t you successful with the Israelis?” The salesman explained, “When I got posted in the Middle East, I was very confident that I would make a good sales pitch in rural areas. But I had a problem. I didn’t know how […]