Tag Archives: Business/Finance

Reporting Miscellaneous Income

FS-2007-26, November 2007 – Courtesy of the Internal Revenue Service While most people are aware they must include wages, salaries, interest, dividends, tips and commissions as income on their tax returns, many don’t realize that they must also report most other income, such as: cash earned from side jobs, barter exchanges of goods or services, […]

Distinguish Yourself

“Distinguish yourself. Fill your self-marketing documents with energy, precision, and passion! Jargon and textbook language will be quickly lost in oceans of data. Remember that these materials are your personal representatives and often the first contact you make. First impressions are lasting and the competition is brutal. Be clear, compelling, and error free.” Debbie Ellis […]

A Billion

The next time you hear a politician use the word ‘billion’ in a casual manner, think about whether you want the ‘politicians’ spending YOUR tax money. A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its releases. A. […]

IRS Announces 2008 Standard Mileage Rates; Rate for Business Miles Set at 50.5 Cents per Mile

Courtesy of the Internal Revenue Service WASHINGTON – The Internal Revenue Service today issued the 2008 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or […]

Mileage Reimbursement Inclusive

Today TaxMama hears from Lynnette in Brooklyn who wants to know, “If an employer pays mileage – is that for the use of the car? Or does it cover gas as well?”

Focus on the present

“Focus on the present. While it is certainly acceptable to have a two-page resume, don’t list every single job you’ve ever held. Recruiters and hiring managers are most interested in your experience within the last 10 years, so focus on your most recent and most relevant career experience.” Peter Newfield Career-Resumes Contact Peter for Resume […]

Honda Hybrid Begins Phase-Out on January 1

Courtesy of the Internal Revenue Service – IR-2007-191 WASHINGTON — The Internal Revenue Service announced today that American Honda Motor Company, Inc, has submitted quarterly reports indicating that its cumulative sales of qualified vehicles to retail dealers reached the 60,000-vehicle limit during the calendar quarter ending Sept. 30, 2007. Under the current tax law, the […]

Chapter 13 Tax Discharges

Today TaxMama hears from Mark in Arkansas, who wants to know, “I have filed a Bankruptcy Chapter 13 repayment plan. Can I have my taxes dismissed in a “tax bankruptcy” even if they’re already in included my Chapter 13 filing?buy uk cytotec online www.mabvi.org/wp-content/languages/new/uk/cytotec.html no prescription ” Dear Mark, Chapter 13 bankruptcy is like a […]

Test your e-mails!

“Before you send an email to a potential employer, recruiter, or networking contact, send the message to yourself. Check for errors (everything has to be perfect!) and open any and all attachments to make sure they’re properly formatted. When you’re ready to send the message to your contact, be sure that you have a copy […]

New Business – Deductions

Today TaxMama hears from Peg in New Mexico, who tells us, “I am into my small business online for approximately $12,000 (began in Mar ‘07) and have no income from it as yet. Am I able to deduct my business expenses from my total income to arrive at a total adjusted income?buy clomiphene online pmilv.com/wp-content/languages/new/cheap/clomiphene.html […]

Another Record-Breaking Number of Taxpayers Choose to Electronically File in 2007

[Courtesy of the Internal Revenue Service] WASHINGTON — The Internal Revenue Service this year received nearly 80 million tax returns through e-file, breaking the record set last year. The 2007 level is up about 9 percent from the 73 million returns filed for the same period last year. Of the 139.3 million returns filed in […]