Photo by jaingolfsland Last week, TaxMama® visited the IRS, at our Practitioner Stakeholder Liaison meeting. Here is a brief summary of our six-hour session. Dear Family, Believe it or not, one of my favorite activities is spending time with the IRS. Over the years, the terrifying auditors and collections officers become real people I […]
Category Archives: *Tax Quips
*AskTaxMama Newsletter, *Tax Quips, Auto Expenses, Back-Up Withholding, Bankruptcy, Business, Depreciation, Employer ID Number, Estimated Taxes, Exempt Organizations, IRS News, ITIN, Non-Profit, Non-Profits, Sec 199A - Small Business Income Deduction, Social Security and SSDI, SSNs, Withholding
Small Business Week
10
May
May
TaxMama® welcomes you to Small Business Week! The IRS has been sending out all kinds of helpful information. (You know – I’m from the IRS and I’m here to help you!) Dear Family, It is, indeed, Small Business Week. And since many of you own your business, or run a business or profitable hobby […]
*AskTaxMama Newsletter, *Tax Quips, Amending Returns, Audit, Errors, IRS News
Correcting and Avoiding Errors
01
May
May
TaxMama® is hearing from readers or friends about things they left off their tax returns, or errors they made in the course of filing…perhaps a little too soon. Dear Family, TaxMama® is a big proponent of the “slow-down” philosophy. Use the extension. Take the time to review the tax return and the information in it […]
*AskTaxMama Newsletter, *Special Reports, *Tax Quips, Medicare, Retirement Planning, Silver Sneakers
5 Tips about Medicare
23
Apr
Apr
While working on a client’s tax return last month, I noticed that he was over 65. Still an active executive of a Fortune 100 company, his human resources department had informed him that he doesn’t need to file for Medicare, since he has full insurance coverage. Opps! That’s bad advice.
*AskTaxMama Newsletter, *Tax Quips, Estimated Taxes, Extensions, Filing Deadline, Form 4868, Form 7004, Installment Agreement, Paying Taxes
Tax Day 2019 Last Minute Tips
15
Apr
Apr
Today is a day of deadlines – important ones. So please pay attention!
Myth-busting–Filing an extension does not increase your audit risk.
*AskTaxMama Newsletter, *Education, *Tax Quips, Enrolled Agents, Tax Education, Tax Professionals
Everything You Want to Know About the EA Exam 2019-2020
04
Apr
Apr
The REPLAY of the April 2019-2020 webinar is HERE! There are still terrific discounts to be had – grab them now! Early-Bird discount ends on April 7th. Hurry. Becoming a knowledgeable tax professional isn’t easy. It takes a lot of dedication, math skills, and the flexibility to keep up with the myriad of tax law […]
*AskTaxMama Newsletter, *Tax Quips, Corporate Minutes, Corporations, Deductions, Entities, LLC, Paying Taxes, Payroll, S Corporations, W-2
LLC Option Myths
21
Mar
Mar
Let’s just clear up some myths about LLCs and the rush to make entity changes. Here are the high points:
08
Mar
Mar
___________________________________________________________ Just a quick note to alert you to some deadlines. Sunday, March 10th – Daylight Savings starts – move your clocks forward Friday, March 15th – Webinar – Everything you Wanted to Know about the EA Exam 2019 March 15 10:00 am Pacific http://iTaxMama.com/Everything_EA_March Friday, March 15th – LOTS of deadlines Partnership returns are […]
01
Mar
Mar
Today TaxMama® wants to alert you to a tax extender bill sitting in Congress. It’s the Tax Extender and Disaster Relief Act of 2019. Dear Family, Great news! The extender bill that Congress is working on will buy us two years of (relative) certainty about our tax lives. The provisions in this bill will extend […]
15
Feb
Feb
says you can breathe a sigh of relief. The U.S. government will stay open. The IRS is still funded. You, your family and friends, who work for the government will be able to continue to pay your living costs. Whew!
01
Feb
Feb
Well, the U.S. Government is finally back open – if for only three weeks. The IRS is driving along on all cylinders. But it’s really hard to get through to them or to the Taxpayer Advocate Service. So what’s a taxpayer to do?
25
Jan
Jan
We’ve been answering a LOT of questions this month. You can look at information in the TaxQuips Forum to see what people have been concerned about – you may have the same concerns – http://iTaxMama.com/AskQuestion .