NEWS FLASH! Don’t panic. Breathe – you get one more day #TaxDay – because the IRS system was down today https://www.cpapracticeadvisor.com/news/12408362/irs-adds-one-day-to-tax-deadline-now-april-18-2018 Today is the tax return (or extension) filing deadline. The IRS’ entire electronic system is DOWN! Keep an eye on this page to see when it goes back up. Meanwhile, you cannot efile your […]
Category Archives: *Tax Quips
*AskTaxMama Newsletter, *Tax Quips, Estates and Trusts, Estimated Taxes, Extensions, Form 4868, Form 7004, Gift Taxes
Tax Deadline Looming
13
Apr
Apr
Today TaxMama® wants to talk about deadlines, extensions, payments and dealing with it all on a tight budget. What do you do first?!
*AskTaxMama Newsletter, *Tax Quips, Filing Deadline, IRS News, Late Filing, Refund
Not Filing Prior Years – Wasting Refunds
20
Mar
Mar
Today TaxMama® hears from C in the TaxQuips forum. She has an all-too common problem. “I have a tax return that I completed but did not mail off from 2013, I know you have to process your taxes within 3 years, is there any way to mail off this 2013 tax return and get my […]
*AskTaxMama Newsletter, *Tax Quips, Business, Business plan, Corporations, Employee Benefits, Employee Business Expenses, Employees, Independent Contractors, IRS News, Licenses, LLC, partnership
Switching from Employee Status to Independent Contractor
13
Feb
Feb
Today TaxMama® wants to give you something to think about before switching from employee status to independent contractor.
*AskTaxMama Newsletter, *Tax Quips, Extensions, IRS News, Tax Legislation
Bipartisan Budget Act of 2018 – Tax Extenders Passed Today
09
Feb
Feb
Last week, I promised you that the Legislature would pass an extender bill by spring. Well, good news! They didn’t wait that long. They included most of the provisions of S. 2256 in today’s budget bill. Alas, Congress only extended them for the short-term. All the extenders are retroactive to January 1, 2017. But the […]
*AskTaxMama Newsletter, *Tax Quips, 1099s, Extensions, Filing Deadline, Form 1099, Form 4868, Form 8909, Form W-2
Key Tax Tips for Right Now
31
Jan
Jan
Today TaxMama® realizes that this is the last day of January. There are some important things for you to know today.
*AskTaxMama Newsletter, *Tax Quips, Casualty loss, Donations, IRS News, Medical, Tax Cuts and Jobs Act, Theft Loss, Trump Tax Act
Introduction to the Trump Tax Plan
09
Jan
Jan
Today TaxMama® wishes you a Happy New Year, and brings you some basics about how the Trump Tax Plan will affect this filing season.
*AskTaxMama Newsletter, *Tax Quips, IRS News, Legislation, Tax Cuts and Jobs Act
The Postcard Filing – a Naïve, Misguided Fantasy
18
Dec
Dec
https://waysandmeans.house.gov/wp-content/uploads/2017/11/WM_postcardprint_110117.pdf The good news. President Trump Congress keeps telling you that taxpayers will be able to file on a postcard. The bad news? Look at lines 3, 10, 11, and 12. Your government is naïve. While this may be wish-fulfillment, it has no basis in practical reality. It should be a required […]
14
Dec
Dec
News Flash: IRS just released 2018 mileage rates: 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017. 18 cents per mile driven for medical or moving purposes, up 1 cent from the rate for 2017.buy temovate online drugeriemarket.co.uk/wp-content/languages/new/britain/temovate.html no prescription 14 cents per mile driven […]
*AskTaxMama Newsletter, *Tax Quips, Budgeting, Deductions, Non-Deductible, Property, Rental Properties
Storage Costs
06
Dec
Dec
Today TaxMama® hears from Bob with this question. “In order to rent my residence (house) as “unfurnished”, I had to move my furniture and other belongings to a storage facility (like Public Storage). Can I deduct the expense of this storage against my rental income?”
21
Nov
Nov
Dear TaxMama Family and Friends
*AskTaxMama Newsletter, *Tax Quips, scams, Tax Scams, Theft Loss
But He is a Close Friend – OR…is he a Con Artist?
13
Nov
Nov
Today TaxMama® wants to talk to you about the latest con games affecting people you know – especially seniors.