Tag Archives: Congress

The Economy Is So Bad That

I got a pre-declined credit card in the mail. Wives are having sex with their husbands because they can’t afford batteries.  Taxpayers don’t have any taxes to pay.

Inheriting vs Gifting

Today TaxMama hears from Terri in the TaxQuips Forum, with an delightful problem to have.  “What is the best way to reduce the tax consequences of inheriting land? The person inheriting the land is not related to the owner.  He could possibly marry her if that would help matters. The land was inherited and has very low […]

Ask TaxMama Issue 563 – Good Choices

Dear Family, Today’s theme was not planned. By coincindence, the very first two stories I researched this morning are about Orthodox Jewish experiences. In case you didn’t know, I was brought up in that community, attending full-time Hebrew or Jewish schools from nursery school all the way back in Hungary to an early admission to […]

Ask TaxMama Issue 560 – The Advocate Speaks

Dear Family, This morning I started reading the Taxpayers Advocate’s (TAS) report to Congress and completely lost track of time. Does that happen with you, too?  For me, reading is a fully absorbing activity. Books are especially dangerous. Once I sit down with a book, I’m lost. I’ll stay up all night to finish it. […]

The Taxpayers Advocate Speaks

National Taxpayer Advocate Submits Mid-Year Report to Congress; Identifies Priority Challenges and Issues for Upcoming Year IR-2010-83, July 7, 2010 WASHINGTON — National Taxpayer Advocate Nina E. Olson today released a report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the coming fiscal year.  The report expresses concern […]

Why Your Business Needs A Tax Pro, Part 1

How’s Your Crystal Ball?  You’re a savvy entrepreneur and you’re smart about your money, but you’ve found yourself over your head with the IRS. There’s no need to be embarrassed about admitting that you need help sorting out your finances.  The real shame is in hiring the wrong hired gun to tame the taxman. Choose […]

House Passes Taxpayer Assistance Bill

 Courtesy of NAEA – www.naea.org On Wednesday, April 14, 2010,  the House passed by on overwhelming majority (399-9) HR 4994 (The Taxpayer Assistance Act of 2010), which was sponsored by Ways and Means Oversight Subcommittee Chairman John Lewis (D-GA). The bill includes several items of note to enrolled agents and, specifically it:

Ask TaxMama Issue 544 – Go HIRE Someone

Dear Family, Do the weeks seem to fly by faster and faster? Whew! It was just Monday a few minutes ago. OK, the big excitement this week was Congress pushing through the HIRE Act – and President Obama signed it immediately. Kind of surprised my friends at IRS when I called first thing yesterday morning. […]

Computers for College

Today TaxMama hears from Linda in Kentucky with a reasonable question. “My son-in-law had on-line college classes that required him to have internet services and a computer. Do these count towards the tax credits? Also, how would he go about getting the books, supplies, gas, etc. credited?” Dear Linda, In a very odd and inconsistent […]

Ask TaxMama Issue 535 – Tax Season Begins

Dear Family, Please join me this morning on BlogTalkRadio as TaxMama joins Diane Young at 8:00 am PST Her show is Women and Money: Building Financial Confidence. If you can’t tune in live, you can listen later. www.blogtalkradio.com/diane-young Happy Universal Letter Writing Week! You may not remember, but before email and texting, there was an […]