Dear Family, This week is full of birthdays – birth anniversaries, like that of my friends Lulu and Barbara…and an actual birth. Yesterday morning, just before my visit with Brent Clanton on CNN in Houston, my neice sent us an announcement about the birth of her new baby girl. Lisa’s daughter is thin and long […]
Tag Archives: Federal Reserve System
Dear Family, A wonderful, charming, delightful and otherwise irresistible gentleman just called to pay for his tax return via credit card. Which reminded me about something funny that happened. Lulu and I were all excited about getting a new student from Micronesia. Talk about way out there! We wanted to call here, but at 7:00 […]
If you own a foreign bank account, brokerage account, mutual fund, unit trust, or other financial account, then you may be required to report the account yearly to the Internal Revenue Service. Under the Bank Secrecy Act, each United States person must file a Report of Foreign Bank and Financial Accounts (FBAR), if The person […]
Phone Customers Can Still Request Excise Tax Refund, IRS Says Courtesy of IRS IR-2007-144 WASHINGTON — Telephone customers can still request this year’s one-time excise tax refund, according to the Internal Revenue Service. Most phone customers, including most cell-phone users, qualify for the refund. The refund covers the three-percent tax paid on long-distance and bundled […]
Ask TaxMama Merrily We Tax Along… Welcome to the first edition of Ask TaxMama. AskTaxMama will be published every two weeks. You will find the complete text of this issue on the site at https://taxmama.wpengine.com/AskTaxMama/asktm_1.htm Lower Standards For the first time in anyone’s memory, the IRS arrived at a standard mileage rate that was lower than […]