Category Archives: Uncategorized

First Time Homebuyer and IRAs

A first home? Today TaxMama® hears from Emily in the TaxQuips Forum with an excellent question. “I’m 35 years old and taking money out of an IRA for a down payment on my house. I am not a first time homebuyer. This will be my primary residence. Should I roll my IRA into a ROTH […]

IRA Warnings

Today TaxMama® hears from Jeff in the TaxQuips Forum with a very common type of problem. Let me paraphrase. “My wife had a traditional IRA at Vanguard and we rolled it over to another company where I set up the account. We didn’t notice that the account was in my name, instead of hers until […]

Innocent Spouse Relief – Sort of

Today TaxMama® hears from Melissa in the TaxQuips Forum. “I was granted innocent spouse relief after my divorce in 2013. Yet when I filed my taxes this year, I didn’t get my refund and received no info on why; or if it went to my ex-husband’s unpaid state (WV) taxes, that he hasn’t paid for […]

TaxMama’s Tax Roundtable – December 2011 Session

  January 26, 2012 Tax Roundtable TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. REPLAY today’s session below – you can listen and SEE the session and forms. Today’s topics included:

Ask TaxMama Issue 614 – Sky s the Limit

  Dear Family,  While I was working on today’s newsletter, a stunning bit of news crossed my desk. Rob Nance, who founded AccountingWeb.com is exiting. The CEO of Sift Media, his parent company, said some wonderful things about Rob’s accomplishments. But, that won’t make up for Rob’s not being there. At least not for me. […]

Eight Essential Facts about Claiming the First-Time Homebuyer Credit

Courtesy of IRS. [TaxMama Note: Read TaxMama’s MarketWatch article, due out on February 11th, about the Homebuyer Credit, tips to avoid delays, and information about how to deal with unusual situations.] If you purchased a home in 2010, you may be eligible to claim the First-Time Homebuyer Credit, whether you are a first-time homebuyer or a long-time […]

Old and Accountable

All of us should live so long as to be this kind of old person!   Toward the end of Sunday service,  the Minister asked, ‘ How many of  you have forgiven your enemies?’ 80% held up their hands.

TaxMama’s Tax Roundtable – October Session

Note:  TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. Don’t you wish you were here? REPLAY today’s session below – you can listen and SEE the session and forms

Issuing 1099-M

Today TaxMama  hears from Carol in the TaxQuips Forum who wants to know, “Are there consequences to issuing 1099-Ms to contractors in October instead of the last of February?”

Cyber Defenders Saves the Day

We returned Tuesday afternoon to find parts of the house infested with ants. And one of my computers infected with something, or it got messed up during the brown-outs when temps hit 113 here in the Valley. The computer kept shutting down every few minutes for no apparent reason.  So, I lost the week trying […]