Category Archives: Tax Planning

TaxMama’s® TaxQuips Should you Consult a Tax Pro

  It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to talk to you about some questions people have asked TaxMama® after making major financial moves and ending up with extra taxes – or none of the tax breaks they were counting on.     Dear Family, Well, we’ve survived the April 18th deadline! Many […]

TaxMama® Tax Update 2022-2023

  TITLE:  TaxMama® Tax Update 2022-2023 Subtitle: Summarizing the many Tax Acts related to 2022 – including 2022 and 2023 data for tax preparation and planning Speaker: Eva Rosenberg, EA, CTC, CTRS Webinar – using Zoom: Date: December 13, 2022 Time: 3:00 pm – 6:00 pm Pacific(Mountain: 4 – 7 PM MT / Central: 5 […]

Eight Tax Questions to Ask Before You Get Married

When two people fall in love, they tend to be blind to life’s realities. The last thing they want to do is bring up issues that might generate conflict, and let’s face it, the topic of taxes is definitely turbulent. Ask these tough tax questions before you get married – to avoid an inevitable divorce. […]

Asking After the Fact

 Today TaxMama® hears from several people in the TaxQuips Forum, with questions asked too late. Here are some questions that should have been asked before you entered into your financial transactions – not when you file your tax returns.https://mannadew.co.uk/wp-content/languages/new/zoloft.html

LLC as S Corp

Quitclaimed Property

Today TaxMama® hears from Lisa in the TaxQuips Forum with this question. “I have a client that simply executed a quitclaim deed of a second home to her niece. She now wants to sell the home and is concerned about the tax consequences to both herself and her niece. How do I advise them both?”  

Annuities

Today TaxMama® has been hearing from several people in the TaxQuips Forum and elsewhere, with this question. “Someone just inherited an annuity. Is it taxable? And if so, how much of it is taxable?”  

Transfer S Corp to Trust

Today TaxMama® hears from Todd in the TaxQuips Forum who is looking to the future. “I am transferring ownership of a sub-chapter  S corporation from myself to a family trust. I have a question on IRS form 2553, in part K, where I need to list both former and current owner of the corporation. Since […]

Effective vs Actual Tax Rate

Today TaxMama® hears from KD in the TaxQuips Forum who is justifiably confused.  “I was looking over our tax return and was wondering why we are paying almost 50% effective tax rates on our income. I’m currently unemployed and my husband is an independent contractor. Our CPA included a chart with this year’s tax return. […]