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It’s TaxQuips time from TaxMama.com®. Today TaxMama® wants talk to you about the biggest question out there – Where is my #$#DE Refund? Dear Family, Are you still waiting for your IRS refund? Has it been 3, 4, 6 months since you filed your tax return, and you’re still singing, […]
Today TaxMama® wants to talk to you about common errors people are making. Dear Family, We have been answering hundreds of questions from taxpayers and tax professionals in the TaxMama® Forum. https://iTaxMama.com/AskQuestion Oddly enough, people are upset with our answers. Why? Because they are asking questions AFTER they have […]
I am from the IRS and I am here to help you! The intention, believe it or not, is to help small businesses that start to get behind on payroll tax deposits – before they get so far behind that it’s too late to save the business. The fact is, one of the most common reason that small businesses fail (other than ineptitude, bad planning and lack of funds) is that the owner thinks it’s OK to use the money withheld from employees’ paychecks to pay their own bills, as a short-term loan. It might work once. But payroll after payroll, the boss starts getting more behind. The funds don’t get paid back. The payroll taxes don’t ever get deposited. This affects the employees, trying to get their refunds. This often causes businesses to go under.
Today, TaxMama® wants to talk to you about your delayed tax refund.
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Small Business Week
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 […]
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 […]
Let’s just clear up some myths about LLCs and the rush to make entity changes. Here are the high points:
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 – https://iTaxMama.com/AskQuestion .
This month, the IRS is catching up on procedures, alerts and announcements. We are getting several announcements each day. TaxMama summarizes it for you.
Today TaxMama® wants to talk about things to consider now that your tax return is filed. It IS filed, isn’t it?
Today TaxMama® realizes that this is the last day of January. There are some important things for you to know today.