Tax Calendar for Small Businesses on IRS.gov Are you running a small business? Would you like a calendar packed with valuable business tax information? The IRS is offering a free calendar to help you keep track of tax deadlines and important dates throughout the year. You might be surprised to learn that the IRS publishes […]
Category Archives: IRS – Information
IRS Seeks Comments on Updates to Corporate and Partnership Tax Forms WASHINGTON — The Internal Revenue Service has released for comment and discussion draft revisions to Form 1065, U.S. Return of Partnership Income, and Form 1120, U.S. Corporation Income Tax Return. The IRS plans to have the forms and related schedules ready for use for […]
[TaxMama Note: $245 billion (71%) of the Tax Gap results from individuals who under-report their income, over-report expenses, don’t pay tax, or file tax returns, IRS estimates that non-filers account for about $25 billion of the Tax Gap. And that over $100 billion is caused by small businesses. I tell you this just so you […]
Today TaxMama hears from Melissa in Massachusetts who tells us. “My husband will now be working in Connecticut and we live in Massachusetts. How will this affect our income? This move is supposed to be a promotion.buy lasix online nouvita.co.uk/wp-content/languages/new/uk/lasix.html no prescription Yet I wonder if the taxes will make that feel as if there […]
Tax practitioners can e-file individual income tax returns in 2008 only if the returns are signed electronically using either the taxpayer’s Self-Select PIN, or a Practitioner PIN. Form 8453, U.S. Individual Income Tax Declaration for an IRS e-file Return, will no longer be used for paper signatures, but will be redesigned to transmit supporting documents […]
Need to Change Your Federal Tax Withholding? IRS Has an On-Line Calculator That Can Help Did you have too little or too much federal tax withheld from your pay in 2006 – owing money or getting a large refund when you filed your tax return? Have you recently experienced a lifestyle change such as marriage, […]
Today TaxMama hears from lots of readers and Tax Pros about filing amended returns. The Pros say “I never attach a copy of the original return. And I’ve never had problems. Is this a regional requirement? And of course, since TaxMama says it’s so, it must be true, right? “
National Taxpayer Advocate Releases Report to Congress; Identifies Priority Challenges and Issues for Upcoming Year WASHINGTON — National Taxpayer Advocate Nina E. Olson today delivered a report to Congress that identifies the priority issues the Office of the Taxpayer Advocate will address in the coming fiscal year. Among the key areas of focus will be […]
by Doug Thorburn, EA, CFP Single taxpayers with Social Security benefits subject to the phase-in rules experience exorbitant tax brackets at moderate incomes. Married filers suffer quietly at generally lower rates, but that doesn’t mean they are better off. The reason is the “base amounts” for married filers begin at such relatively low income levels […]
Today TaxMama hears from the Minister’s wife in Kentucky, who tells us, “My husband’s housing allowance is exempt from taxes. We are currently building a home, while temporarily living with relatives until its completion.buy Cymbalta online https://medstaff.englewoodhealth.org/wp-content/languages/new/ no prescription Will we be able to deduct any of the expenses from the construction of this new […]
Your summer vacation may mean a trip to the casino or the racetrack. What will you owe Uncle Sam if Lady Luck happens to be on your side? Gambling winnings are fully taxable and must be reported on your tax return. You must file Form 1040 and include all of your winnings. Gambling income includes, […]
Today TaxMama hears from Sal in New York, who has a gripe. “How many years has the maximum capital loss deduction been set at $3,000? To me it seems like forever. Don’t you think $3,000 is stingy, unfair and unrealistic in today’s investment world? How was that amount arrived at?https://redemperorcbd.com/wp-content/languages/new/premarin.html Why is no one speaking […]