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

Posted on by TaxMama
10
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 […]

Continue reading →
*AskTaxMama Newsletter, *Tax Quips, Amending Returns, Audit, Errors, IRS News

Correcting and Avoiding Errors

Posted on by TaxMama
01
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 […]

Continue reading →
*AskTaxMama Newsletter, *Special Reports, *Tax Quips, Medicare, Retirement Planning, Silver Sneakers

5 Tips about Medicare

Posted on by TaxMama
23
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.

Continue reading →
*AskTaxMama Newsletter, *Tax Quips, Estimated Taxes, Extensions, Filing Deadline, Form 4868, Form 7004, Installment Agreement, Paying Taxes

Tax Day 2019 Last Minute Tips

Posted on by TaxMama
15
Apr

Today is a day of deadlines – important ones. So please pay attention!
Myth-busting–Filing an extension does not increase your audit risk.

Continue reading →
*AskTaxMama Newsletter, *Tax Quips, Corporate Minutes, Corporations, Deductions, Entities, LLC, Paying Taxes, Payroll, S Corporations, W-2

LLC Option Myths

Posted on by TaxMama
21
Mar

Let’s just clear up some myths about LLCs and the rush to make entity changes. Here are the high points:

Continue reading →
*AskTaxMama Newsletter, *Tax Quips

March Deadlines

Posted on by TaxMama
08
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 […]

Continue reading →
*AskTaxMama Newsletter, *Tax Quips, IRS News

2018 and 2019 Tax Extenders

Posted on by TaxMama
01
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 […]

Continue reading →
*AskTaxMama Newsletter, *Tax Quips, IRS News

The Government Stays Open

Posted on by TaxMama
15
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!

Continue reading →