Category Archives: Retirement Accounts

All About the Solo401K

Using Solo 401ks for your clients and you  This is a special session for you before the extension period ends for Partnerships and S corps on how to set up and use a Solo 401k for your small business clients an yourselves. It’s also a month before the October 17th filing deadline for personal tax returns […]

TaxMama’s TaxQuips March Tax News and Tips

  It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to talk to you about the sticker shock (high tax return balances) you just faced – and how to reduce some of that financial pain.       Dear Family, There’s a lot going on right now, and new legislation about to be passed tomorrow. […]

Proposed Tax Legislation

TaxMama® wants to bring some pending and potential tax legislation to your attention, today. Dear Family, On June 14th, I told you about the Taxpayer First Act that was waiting to be signed by the President. He signed that bill into law on July 1st. But there is still a lot that needs to be […]

Last Minute Tax Tips for 2018

Today TaxMama®wants to give you some steps to take before the end of 2018. Dear Family, This year, it’s especially difficult to figure out how to reduce your taxes. The average couple is not likely to be itemizing any more. Folks with high employee business expenses won’t be able to use them. Individuals with mortgages […]

Why no SS Withholding?

Today TaxMama® hears from Inteph in the TaxQuips Forum, who made a new discovery.  “A young lady made about ,000 in 2012.buy prednisone online https://www.conci.com/wp-content/languages/new/prednisone.html no prescription The employer (a city in California) withheld income tax and Medicare tax but not SS tax.buy ivermectin online https://www.conci.com/wp-content/languages/new/ivermectin.html no prescription Boxes are 3 and 4 are blank.  What […]

Contributed and Quit

Today TaxMama® hears from Sergey in the TaxQuips Forum, with this problem. “I started a new job with a 401k plan this year; but I had to quit after a few months. I accumulated some money in my 401k with this organization; and I want to take that money out now. Am I subject to […]

Paying Extra Social Security

Today TaxMama® hears from Stephen in the TaxQuips Forum who has a sensible (though late) question.  “In the current economy, raises are hard to come by. I haven’t had a raise in several years. I am 64 1/2 planning on a full retirement at age 66. Can I volunteer to pay more into Social Security […]

Taxable Retirement Income

Today TaxMama® hears from Dave in the TaxQuips Forum with a quickie little question. “If I retire at 62 or 63 with Social Security and IRA distributions (not Roth) what will my tax liabilities be? For example: Monthly: $1700 from social security and $3,000 from IRA for total of $4,700.  Do I pay income tax […]