Category Archives: *AskTaxMama Newsletter

AskTaxMama

From the Mouths of Babes

A Sunday school teacher asked her little children, as they were on the way to church service, “And why is it necessary to be quiet in church?” One bright little girl replied, “Because people are sleeping.” A little boy opened the big and old family Bible with fascination, looking at the old pages as he […]

IRS Announces 2009 Standard Mileage Rates

IR-2008-131, Nov. 24, 2008 WASHINGTON — The Internal Revenue Service today issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel […]

Ask TaxMama Issue 483 – Thank Goodness I am not a Turkey

https://taxquips.com/index.php?cat=MoneyFunnies Our Job Advice of the Week encourages you not to stress too much about your interview. There are other jobs, after all. https://taxquips.com/index.php?cat=IRSNews We’ll keep pointing you to https://taxquips.com/index.php?cat=TaxQuips As always, we love your feedback, opinions and ideas. You are what makes all this fun – and interesting! Please use the Comments link online. […]

Internal Revenue Service Advisory Council (IRSAC) Releases Findings

IR-2008-130, Nov. 19, 2008 Washington — The Internal Revenue Service Advisory Council (IRSAC) today released its recommendations on a wide range of tax administration issues at the 2008 public meeting in Washington, DC. IRSAC was established in 1953 as the Commissioner’s Advisory Group (CAG), a national policy and issue advisory committee. Renamed in 1998 to […]

This isn’t the only job in the world

Remind yourself that there are still millions of open positions right this minute and even more opportunities that you can create for yourself with the right attitude and stand-out career marketing communications. Kirsten Dixson and William Arruda Career Distinction: Stand Out By Building Your Brand You’ll find Kirsten Dixson and William Arruda at TheLadders – […]

When I Grow Up

The teacher asked her class what each wanted to become when they grew up. A chorus of responses came from all over the room. “A football player,” “A doctor,” “An astronaut,” “The president,” “A fireman,” “A teacher,” “A race car driver.” Everyone that is, except Tommy. The teacher noticed he was sitting there quiet and […]

Ask TaxMama Issue 482 – Rocky and Bullwinkle

Find Financing Opportunities on Business.gov

Despite the billions of dollars placed into the hands of banks so they could re-start the economy by providing life-giving loans to businesses – and to help potential homeowners…hardly any of that money has reached the people who need it. In the meantime, the SBA’ Business.gov site has launched a new Loans and Grants Search […]

What if they find out my current earnings are low?

They know you had low prior earnings? It could cost you the job or leave you open for a lowball offer. Your strategy to neutralize this is: early in the interview, say, “It’s too early for substantive talk about salary, but I think you’ll agree that I’m lower than other candidates, right? Well, I know […]

Remember when…

All the girls had ugly gym uniforms? It took five minutes for the TV warm up? Nearly everyone’s Mom was at home when the kids got home from school? Nobody owned a purebred dog? When a quarter was a decent allowance? You’d reach into a muddy gutter for a penny? Your Mom wore nylons that […]

Ask TaxMama Issue 481 – Gridlock and Lightning Speed

Avoiding Incorrect Self-Employed Retirement Deductions

FS-2008-24, July 2008 Retirement plans are not just for big businesses. They are also available for sole proprietorships. If you are self-employed small business owner, you can set up a qualified retirement plan for yourself and your employees. If you are a sole proprietor, you can deduct contributions you make to the plan for yourself. […]