Category Archives: Credits

TaxMama’s Tax Roundtable June 2010

    REPLAY today’s session – you can listen and SEE the session Today’s topics included: Introductions of some participants Testing of microphones ;~) Questions about the new PTIN Registration Brief overview of the new Testing issue for “Registered Tax Preparers”. NAEA’s survey about the Enrolled Agent title – and changes.buy synthroid canada http://healthinschools.org/wp-content/languages/new/canada/synthroid.html no prescription Discussion […]

Military Homebuyers Credit

Today TaxMama hears from Gloria in the TaxQuips Forum who needs clarification. She says “Military members have almost two more years to use the $8,000 tax rebate. They must have been stationed or deployed overseas for 90 days during 2009 (approximately).http://auneec.ateneo.edu/wp-includes/images/new/paper-help.html My question is whether the 90 days must be consecutive, or whether several short […]

Saving Your Homebuyer Credit

Today TaxMama hears from Kerry Tomlinson at KATU News in Portland, Oregon. Kerry tell us. “We heard from some viewers this morning about their experiences with the homebuyer tax credit. One woman says she was disqualified because she was deducting mortgage interest on an RV as a second home. She has fought it, providing documentation to […]

Amending Tax Returns

Today TaxMama hears from Amy in the TaxQuips Forum with a common type of question. “My sister is amending her tax return to claim the homebuyers credit. But the original tax return had a ream of ages. Does she need to include them all with the Form 1040X amended tax return?”

Ask TaxMama Issue 554 – Memorial Day Weekend

Dear %$firstname$% It’s already Memorial Day Weekend! Remember to remember the folks who make our way of life possible. And offer more than just the obligatoru barbeque – offer thanks to all those who serve, or have served! You may have noticed yesterday that the TaxMama.com website was down. This has been a week of external, […]

Highly Skilled Labor

Today TaxMama hears from Tony in Virginia who tells us. “We have purchased a high efficient heat pump that qualifies for the 30% tax credit. We plan to remove the old system and install the new system. Can we charge our labor to the tax credit amount? I have a side engineering business along with […]

Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available

Courtesy of IRS WASHINGTON —The Internal Revenue Service has posted on its website the newly-revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010.

TaxMama’s Tax Roundtable

    REPLAY today’s session – you can listen and SEE the session Today’s topics included: Introductions of the participants Testing of microphones ;~) Questions about the EA Exam Review Class starting tonight Discussion of IRS bizarre notice –  long-term care insurance distributions that IRS is questioning Odd rejections of homebuyer credits IRS not willing to […]

4 Unit Apartment

Today TaxMama hears from Tom in the TaxQuips Forum who wants to know.  “Does anyone know if there are any tax breaks if the owner lives in one of the units of a 4-unit apartment building? The owner moved into the unit after 5 years of owning the building.buy furosemide online www.parkviewortho.com/wp-content/languages/new/prescription/furosemide.html no prescription ”

Ask TaxMama Issue 549 – Greening and Swapping

Dear Family, It’s nice to get a few days off, isn’t it? In honor of Earth Day, Arbor Day and all that, we went camping in the desert to see the spring blooms before they burn out. Coincidentally, it turns out that National Park System is offering free admissions this week – through tomorrow. So […]

TaxMama’s Tax Roundtable – April 22, 2010

Today’s topics included: Introductions of the participants – Suzan Ali, EA; Tom Buck, CPA, Rita Lewis, EA, Carline Williams – about to be EA; Wayne Davis – about to be EA; Joan Hughes, EA Dealing with aging and retirement Starting to use TaxMama’s Family Forum Homebuyer’s Credit follow-up Ethical question about clients and Social Services […]