On November 2nd, the House Ways and Means Committee unveiled a sweeping tax bill, Tax Cut and Jobs Act, designed to undo many of the complexities of the Tax Reform Act of 1986. Please understand that this is not law yet. There’s still a long journey, with lots of hurdles, before some version of […]
Category Archives: *Tax Quips
06
Nov
Nov
Today TaxMama® wants to talk to you about the latest tax proposal from the House of Representatives. It’s a doozey!
17
Oct
Oct
Why does this seem to be such a difficult and onerous task? We had one client who simply could not get us the amount of her mortgage interest payment until the afternoon of October 15th one year – by which time our office was closed for tax season. Don’t put yourself in that position next […]
*AskTaxMama Newsletter, *Tax Quips, Casualty loss, Disaster, Estimated Taxes, Filing Deadline
Disastrous Tax Issues
06
Sep
Sep
Today TaxMama® says we are facing Hurricane Irma in Florida, dealing with the devastation of Harvey in Texas – and the biggest fire in Los Angeles history. So let’s talk about the special tax breaks available to you.
*AskTaxMama Newsletter, *Tax Quips, 1099s, AirBnB, Business Expenses, Business Taxes, Depreciation, Employees, Employer ID Number, Estimated Taxes, Form 1099, Form W-9, Independent Contractors, Lyft, Uber
The Gig Economy
16
Aug
Aug
Today TaxMama® says that estimated tax payments are due – and that’s timely information for the “Gig” economy.
10
Jul
Jul
Today TaxMama® wants to talk about sudden, unexpected events – and some tips on how to prepare for them.
*AskTaxMama Newsletter, *Tax Quips, Corporations, Dissolutions, Entities, Late Filing, LLC, Penalties, S Corporations
Unused LLCs and Corps
26
May
May
Today TaxMama® hears from several people who have questions about tax returns for entities they created – but never used. This recent question from Debbie, on behalf of one her clients, is far too common.
*AskTaxMama Newsletter, *Tax Quips, Back-Up Withholding, Form W-9, Fraud, Independent Contractors, IRS Notices, Taxpayer ID Number
False Social Security Numbers
02
May
May
Today TaxMama® hears from Lue with a question that is more common than you may realize.” A friend who’s been doing work for my husband regularly for the past two years knowingly gave him a false Social Security Number. We were just notified of this by the IRS. He won’t provide us with a real […]
*AskTaxMama Newsletter, *Tax Quips, Estimated Taxes, Extensions, Form 1127, Form 4868, Form 7004
End of Tax Season Payments and Tips
17
Apr
Apr
Today TaxMama® wants to talk about Extensions, Payments and End of Tax Season stuff.
13
Mar
Mar
Today TaxMama® wants to talk to you about getting your tax returns done – and where to get help.
*AskTaxMama Newsletter, *Tax Quips, ACA - Affordable Care Act, Health Savings Accounts/Arrangements, Immigration, IRAs, Visa
Tax Season PotPourri
02
Feb
Feb
Today TaxMama® wants to address several issues that are confusing people this year – or important for you to know.
*AskTaxMama Newsletter, *Tax Quips, Charities, Deductions, IRAs, RMD - Required Minimum Distributions
TaxMama’s Year-End Tips
20
Dec
Dec
Today TaxMama® wants to remind you about last-minute steps to take before 2016 ends.