Category Archives: Unemployment

*AskTaxMama Newsletter, *Tax Quips, American Opportunity Tax Credit, American Rescue Act, Child and Dependent Care Credit, Child Tax Credit & Additional Child Tax Credit, Credits, Earned Income Tax Credit, Education Expenses, Premium Tax Credit, Refund, Social Security and SSDI, Unemployment

TaxMama’s® TaxQuips IRS Unemployment Refunds Alert

Posted on by TaxMama
31
Aug

It’s TaxQuips time from TaxMama.com®. Today TaxMama® wants talk to you about the unemployment refund checks the IRS has started to send out. Yours may be on the way!           Dear Family, In today’s TaxQuip, I want to reach taxpayers who prepare your own tax returns. Please share this with anyone […]

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*AskTaxMama Newsletter, *Tax Quips, Form 8962, Premium Tax Credit, Refund, Superseded Returns, Unemployment

TaxMama’s® TaxQuips June is Busting out all Over

Posted on by TaxMama
03
Jun

It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to give you some strategies or recommendations about how to deal with the retroactive changes from the American Rescue Act.

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*AskTaxMama Newsletter, *Tax Quips, IRS - Information, Legislation, Non-Filer, PPP Loans, State Taxes, Tax Legislation, Tax Professionals, Unemployment

TaxMama’s® TaxQuips Take Pressure Off your Tax Pro

Posted on by TaxMama
Tax Season Blues
31
Mar

  It’s TaxQuips time from TaxMama.com®. Today TaxMama® wants to talk to you about the nervous breakdown your tax professional is about to have. And why.           Dear Family, I am extremely alarmed by what I am reading and seeing from the tax professional community – at all levels. From the […]

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*AskTaxMama Newsletter, *Tax Quips, COVID19, Education Expenses, Extensions, IRAs, News & Politics, Retirement Accounts, Unemployment, Wages, Withholding

TaxMama’s TaxQuips March Tax News and Tips

Posted on by TaxMama
08
Mar

  It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to talk to you about the sticker shock (high tax return balances) you just faced – and how to reduce some of that financial pain.       Dear Family, There’s a lot going on right now, and new legislation about to be passed tomorrow. […]

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*AskTaxMama Newsletter, Credits, Deductions, Job Advice of the Week, Unemployment

People Out of Work May Be Overlooking Tax Breaks

Posted on by TaxMama

According to a CompleteTax survey, you may be overlooking tax breaks that can save you money. When it Comes to Unemployment, Knowing What’s Taxable, What’s Not Makes a Difference (RIVERWOODS, ILL., January 27, 2011) – At the end of 2010, 14.5 million people were unemployed and many more were out of work at one time […]

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*Tax Quips, Capital Gains Tax, Homeowners, Personal Residence Exclusion, Profit, Unemployment

Unemployed and Moved

Posted on by TaxMama

Today TaxMama hears from Ron who is about to be laid off. He tells us, “I was notified on February 26, 2010 that I was being laid off as of August 2010.  I sold my home on May 25th, knowing I wouldn’t be able to afford the mortgage after my layoff.  I only lived in the […]

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*Tax Quips, Income, Tax Debt, Unemployment

Less Income, Yet Taxes are Due

Posted on by TaxMama

Today TaxMama hears from Felicia who is upset. “My mother and I bought a home two years ago; but both of us lost our jobs and are on unemployment. For some reason, when she was doing her taxes with her tax lady, my mother ended up owing almost $1,000.00. Why would that happen if she […]

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*Tax Quips, Payroll, Self-Employed, Unemployment

Fostering Unemployment

Posted on by TaxMama

Today TaxMama hears from Lisa in Virginia. She tells us, “I have spent the last 4 years as 1099 contracted foster care provider. The contract was a signed contract renewed every six months; the current contract expires 6-30-10. Our live-in individual (client) moves out 5-2-10. His parents are moving him to an adult group home. […]

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*Tax Quips, Disabled, Healthcare, Unemployment

Unemployment Strategy

Posted on by TaxMama

Today TaxMama wants to discuss unemployment issues.http://www.ijasrjournal.org/wp-content/languages/new/proofread-online.html Too often I learn during tax season, that a client didn’t work and didn’t collect unemployment insurance, or other compensation to which they were entitled. This especially true of folks who are not comfortable with English. Since we’re heading for a season when many people’s jobs may end…

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*AskTaxMama Newsletter, Employee Benefits, Healthcare, IRS News, Unemployment

COBRA Subsidy Eligibility Period Extended to May 31

Posted on by TaxMama

WASHINGTON — Workers who lose their jobs during April and May may qualify for a 65-percent subsidy on their COBRA health insurance premiums, according to the Internal Revenue Service. The American Recovery and Reinvestment Act established this subsidy to help workers who lost their jobs as a result of the recession maintain their employer sponsored […]

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