Here’s to a new year full of hope, optimism, happiness, love, health, music and lots and lots of laughter and joy.
Category Archives: *Tax Quips
*AskTaxMama Newsletter, *Tax Quips, Business Expenses, Disaster, Employee Benefits, Employee Business Expenses, energy credits, Farmers, IRS News, Moving
The IRS is Pumping Out Information
17
Dec
Dec
This month, the IRS is catching up on procedures, alerts and announcements. We are getting several announcements each day. TaxMama summarizes it for you.
*AskTaxMama Newsletter, *Tax Quips, Auto Expenses, Depreciation, IRS News, Mileage
2019 Mileage Rates
14
Dec
Dec
Normally, the IRS releases the next year’s mileage information by the end of October. This year, we’re feeling lucky to get it in mid-December.
*AskTaxMama Newsletter, *Tax Quips, Capital Gains Tax, Capital Losses, Charities, Contributions, Employee Business Expenses, Interest Expense, IRAs, Itemized Deductions, Medical, Payroll, Retirement Accounts, RMD - Required Minimum Distributions, Roth IRA, W-4
Last Minute Tax Tips for 2018
11
Dec
Dec
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 […]
*AskTaxMama Newsletter, *Tax Quips, Estimated Taxes, Form W-4, IRS News, Non-Filer, Payroll
Paycheck Check-Up
20
Nov
Nov
Today TaxMama® wants to help you avoid a surprise balance due on April 15th.
*AskTaxMama Newsletter, *Tax Quips, Installment Agreement, IRS News, Offer in Compromise (OIC), Passport, Taxpayers Advocate, Taxpayers Advocate Service, Taxpayers Advocate Service (TAS)
Are you Losing Your Passport?
20
Nov
Nov
Today TaxMama® wants to help you avoid losing your passport, if you owe the IRS too much money. You need to act quickly.
In November’s monthly visit with Jim Blasingame, we discussed some current issues brought up by the IRS at the November 2018 Stakeholder Liaison meeting. For more details – read today’s blog post http://taxmama.com/tax-quips/are-you-losing-your-passport/ Learn how to avoid this problem – read today’s blog post http://taxmama.com/tax-quips/paycheck-check-up/
*AskTaxMama Newsletter, *Tax Quips, Tax Cuts and Jobs Act, Tax Planning, TCJA, Trump Tax Act
Time to Plan – TCJA
05
Nov
Nov
Today TaxMama® wants to remind you it’s time to start doing your year-end planning for 2018 – or, if it’s too late for some strategies – to start working on next year. NOW!
Course Title: TaxMama® TCJA Planning Webinar subtitle: Tax Cuts and Jobs Act – Tax Planning for Small Businesses and Employees with Large, Unreimbursed Business Expenses Speaker: Eva Rosenberg, EA, CTC, CTRS Date and Time: On-Demand Cost: $99 (Free to TaxMama® Prime EA Students and TaxMama® Family Members) All full-pay registrations include a copy of the new […]
*AskTaxMama Newsletter, *Tax Quips, Depreciation, Disaster, Filing Deadline, Military
Last Minute Tips – 2017 Returns
15
Oct
Oct
Today TaxMama® wants to give you some last minute tips on the drop-dead filing deadline – October 15th.
*AskTaxMama Newsletter, *Tax Quips, California, Corporations, Dissolutions, IRS News, LLC, partnership
California Businesses Released from Catch-22
24
Sep
Sep
News Courtesy of Spidell Publishing: Governor signs two important tax bills (09-24-18) Governor Brown has signed AB 2503, which makes a domestic corporation and a limited liability company subject to voluntary or involuntary administrative dissolution or administrative cancellation if: The entity either never did business or filed returns/paid tax when it was operating and has no […]
16
Sep
Sep
Today TaxMama® hears from KW who is selling his former residence. He wants to know if the residence he bought in 1991 and converted to a rental in 2007 still qualifies for the personal residence exclusion of $250,000?