Category Archives: *AskTaxMama Newsletter

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Special Tax Break Available for New Car Purchases This Year

IR-2009-30, March 30, 2009 WASHINGTON — The Internal Revenue Service announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year. “For those thinking about buying a new car this year, […]

The Half-Wit Worker

A man owned a small farm. The State Wage & Hour Department claimed he was not paying proper wages to his help and sent an agent out to interview him. ‘I need a list of your employees and how much you pay them,’ demanded the agent. ‘Well,’ replied the farmer, ‘there’s my farm hand who’s […]

First $2,400 of Unemployment Benefits Tax Free for 2009

IR-2009-29, March 26, 2009 WASHINGTON — All or part of unemployment benefits received in 2009 will be tax free for many unemployed workers, according to the Internal Revenue Service. “This morning we learned that a record 5.6 million people were receiving unemployment benefits in the middle of March. This underscores the need for the relief […]

Understanding the Baby Boomer Market

I kid you not. There is a new wine for seniors.buy canadian orlistat online cpff.ca/wp-content/languages/new/canadian/orlistat.html no prescription https://www.thescanfoundation.org/wp-content/languages/new/amoxil.html California vintners in the Napa Valley area, which primarily produces Pinot Blanc, Pinot Noir and Pinot Grigio wines, have developed a new hybrid grape that acts as an anti-diuretic.https://www.thescanfoundation.org/wp-content/languages/new/fluoxetine.html It is expected to reduce the number of […]

Is it Too Good To Be True? Home-Based Business Tax Avoidance Schemes

If you use part of your home for business, you may be able to deduct expenses for the business use of your home. These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation. The home office deduction is available for homeowners and renters, and applies to all types of homes, from apartments to mobile […]

First-Time Homebuyers Have Several Options to Maximize New Tax Credit

WASHINGTON — As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal to claim the new $8,000 first-time homebuyer credit for 2009 home purchases. For people who recently […]

Dreading Old Age?

I have always dreaded old age. I cannot imagine anything worse than being old. How awful it must be to have nothing to do all day long but stare at the walls or watch TV. So the other day, when the President suggested we all celebrate Senior Citizen Week by cheering up a senior citizen, […]

New IRS Collection Financial Standards

The Internal Revenue Service just released the 2009 update to the Allowable Living Expense Standards on March 1. The ALE standards are used to reduce subjectivity in determining what a taxpayer may claim as basic living expenses necessary to avoid undue hardship when the taxpayer must delay full payment of a delinquent tax. The standard […]

Cigarette Tax Hike of 62 cents per PACK

OK, it’s true, I really, really hate to be around people who smoke. Whether they are smoking or not. For me, the smell itself makes it really hard to breathe. (I was blessed with a mother, a seamstress, who used my room as her workroom. She smoked incessantly – and my bed, clothes, books, everything […]