Tag Archives: Business/Finance

Sales Tax Expense

Today TaxMama hears from Sirian in the TaxQuips Forum with a concern. He says, “I am an Internet marketer & web developer.  I have always collected state sales tax for my clients in my state (Texas).  When filing my Federal taxes I usually include the full income (including all state sales tax collected) in the reported […]

IRS Commissioner Shulman to Review Innocent Spouse Rules

Courtesy of NAEA IRS Commissioner Shulman sent two identical letters to Senate Finance Committee Chairman Max Baucus (D-MT) and Congressman Pete Stark (D-CA) in response to the April 18 Senate and House letters sent to the commissioner expressing concern on the two-year limit on the innocent spouse rules. In the April 18 letters to IRS, […]

IRS Free CPE Courses Coming up

Courtesy of IRS The Examination Process for Employment Tax Returns The June 22 IRS Live broadcast will cover the employment tax examination process, taxpayer rights, settlement agreements and payment options. ewers will learn from IRS and industry experts what to expect from an employment tax examination including information about: Examination process Statute of limitations Examination […]

TaxMama’s Tax Roundtable – April 2011 Session

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. REPLAY today’s session below – you can listen and SEE the session and forms. It will load slowly…perhaps slowly.buy finasteride canada https://cpff.ca/wp-content/languages/new/canada/finasteride.html no prescription But it will load

Trust Fund Penalty

Today TaxMama hears from Steve in the TaxQuips Forum with a big problem. He says, “The IRS wants me to sign a trust fund recovery form accepting personal responsibility for corporate 941 back taxes. They are making this a requirement as part of a full pay installment agreement.http://pmilv.com/wp-content/languages/new/tadalafil.html They are telling me that they will […]

Taxes for Helping a Friend

Today TaxMama hears from Gayle in the TaxQuips Forum with a common misconception. She asks, “Do I have to become a business to write off expenses on my taxes? I make a product for a friend of mine. I buy all the materials. I do this to help their family business. They pay me for […]

How to Incorporate Your Own Business – or Your Clients’ Businesses

Hi Eva, I was hoping that you could point me towards a place where I could learn more about incorporating small business’s. For a couple of years I’ve been sending people to lawyers to get incorporated and I’m tired of it. I incorporated my own business and my husband’s so I have a pretty good idea of […]

Reviews & Awards for Small Business Taxes Made Easy

The second edition of McGraw Hill’s popular book by Eva Rosenberg is garnering a number of positive reviews and picking up awards. Silver Medal We were delighted to hear that we picked up the silver medal in the 4th annual Axiom business book awards in the Business Reference (legal, how-to, technology) category. The Axiom Business […]

What Happens after I File?

Courtesy of IRS Now that the federal income tax filing deadline is in your rear-view mirror, what happens after you file? A lot of taxpayers have post tax-filing questions such as what records do I keep and more importantly, “Where’s my Refund?” The IRS has answers for you below.

Your Opinion Counts! Speak Up!

Public Comment Invited on Recommendations for 2011-2012 Guidance Priority List IRS Notice 2011-39 The Department of Treasury and Internal Revenue Service invite public comment on recommendations for items that should be included on the 2011-2012 Guidance Priority List.

IRS Holds My Refund

Today TaxMama hears from Jelani, in the TaxQuips Forum with a problem. “I have a hold on my 2010 tax refund. The IRS says that in 2007, 2008, 2009 I paid enough mortgage interest to file taxes on, but I haven’t filed since 2005. The mortgage payments that I made were made using the equity of the […]