Category Archives: *AskTaxMama Newsletter

AskTaxMama

Outline of Economic Recovery Package from House Ways and Means Committee

An outline of the provisions under the Ways and Means Committee’s Jurisdiction included in the Economic Recovery package follows: Tax Relief for Individuals · “Making Work Pay Credit” · Expand Earned Income Tax Credit (EITC) · Increase in child tax credit, $0 floor Education · Simplification of education credits w/ $2,500 credit for first four […]

Tips for Taxpayers Making a Move

If you changed your home or business address, you’ll want to remember these six tips to ensure you receive any refunds or correspondence from the IRS. 1. You can change your address on file with the IRS in several ways: Correct the address legibly on the mailing label that comes with you tax package Write […]

Bartering Income

Bartering is the trading of one product or service for another.buy generic cymbalta online blackmenheal.org/wp-content/languages/new/buygeneric/cymbalta.html no prescription Usually there is no exchange of cash. It is the most ancient form of commerce. Any business owner or professional who has a product or service to offer can barter. While our ancestors may have exchanged eggs for […]

Six-Figure Job Hunt 101

From MARC CENEDELLA Get their brand new $100K+ Job Hunt 101 Guide. (See the link in the Resource Box below.) TheLadders, Editor-in-Chief, Matthew Rothenberg, has collected the best writing and the best advice on making a job hunt effective and successful. There are tips on self-evaluation, “packaging” yourself, resume writing (and the even more important […]

Recessions Call For Career Changes, Right?

A gynecologist had become fed up with malpractice insurance and HMO paperwork and was burned out. Hoping to try another career where skillful hands would be beneficial, he decided to become a mechanic.buy xifaxan online cpff.ca/wp-content/languages/new/mg/xifaxan.html no prescription buy Ventolin generic infobuyblo.com over the counter He went to the local technical college, signed up for […]

Ask TaxMama Issue 487 – MLK and New President

1st Time Homebuyer Credit Allocation For Unrelated Co-Owners

by David & Mary Mellem, EAs Overview ­ The 1st Time Homebuyer Credit was created in 2008. Basiically it allows a refundable credit of 10% of the cost of a principal residence, up to a maximum credit of $7,500 ($3,750 for MFS). The credit is reported on the Form 1040, line 69. (The credit is […]

Life’s Important Questions

Can you cry under water? How important does a person have to be before they are considered assassinated instead of just murdered? Why do you have to “put your two cents in” when it’s only a “penny for your thoughts?https://www.natas.co.uk/dev/wp-content/languages/new/how-to-write-an-essay-intro.html ” Where’s that extra penny going to? Once you’re in heaven, do you get stuck […]

Free File Alliance Kicks Off

Free File Alliance Kicks Off 7th Year of Free Tax Preparation Services for 70 Percent of Americans More than 98 Million Taxpayers Making $56,000 or Less are Eligible for Free Tax Assistance and E-Filing Through www.IRS.gov WASHINGTON, DC (January 16, 2009) – The Free File Alliance (www.freefilealliance.org), a coalition of 19 private tax software companies […]

Tax Simplification and Compassion Recommends Taxpayers Advocate

In this year’s annual report to Congress from Nina E. Olsen, the Taxpayers Advocate, she touches upon areas that have been troubling TaxMama for quite some time. In particular, the fact that millions of taxpayers will be facing potential cancellation of debt issues, hardships paying last year’s taxes, and unregulated tax professionals. IRS Commissioner Doug […]