Tag Archives: Finance

Paying the Piper, or Five Simple Steps to Filling Out Your W-4

Changing Your Payroll Withholding Right about now, if you haven’t already done it, you should be thinking about updating your current year’s paycheck withholding. Once upon a time, a tax professional was asked by an Enrolled Agent to write an article about how to do the proper computations to determine what exemption and dependent amounts […]

Flying High

Today TaxMama hears from Kathleen in the TaxQuips Forum, who is curious. “I attended a flight school in ’09 and earned my helicopter commercial pilot certificate as well as flight instructor certificate. I now work as a commercial pilot & flight instructor. The school is not a typical college/university. But I did receive my certificates from […]

Ask TaxMama Issue 547 – Tax Freedom Day

Dear Family, Today is National Tax Freedom Day, according to The Tax Foundation, who tracks such things. This year’s Tax Freedom Day is one day later than in 2009, but more than two weeks earlier than in 2007. Though, since each state has their own tax rate, your tax freedom day may come sooner,…or later. […]

Vet Services Donated

Today TaxMama hears from K in the TaxQuips Forum, with a common kind of question. “I own a veterinary clinic that provides discounted services to certain non-profit rescue groups. I have well documented records showing the amount the services would cost at regular price and the discounts that were given. Is there a way to […]

Ten Tips for Taxpayers Contributing to an Individual Retirement Plan

If you haven’t made all the contributions to your traditional Individual Retirement Arrangement that you want to make – don’t worry, you may still have time.buy singulair online cpff.ca/wp-content/languages/new/mg/singulair.html no prescription   Here are the top 10 things the Internal Revenue Service wants you to know about setting aside retirement money in an IRA. 1. You […]

Writing off my Dog

Today TaxMama hears from Sid in the TaxQuips Forum, who has a dog walking/training sole proprietorship. “My question concerns expenses for my dog, who is the face of my business (appearing on all my advertising material) and whom I use all the time for training demonstrations to attract clients. Can I deduct any of her […]

H&R Block Radio Show – Tax Tips for Individuals

Listen here  –  Tax Tips for Individuals                         Read the script of the show below: PROGRAM 1: Tax Tips for Individuals Originally aired:   Thursday, March 25    10:00 a.m. – 11:00 a.m. EDT Introduction – Tax Mama Welcome and Introductions o        Thanks for joining §                    Introduce hosts: §                    Chris Wilson, Master Tax Advisor o        Wilson has been […]

Ask TaxMama Issue 545- Health Care and More

Dear Family, The phones have been ringing all morning. Usually, Friday mornings I get to work quietly to prepare this for you early in the morning (at least here, on the West Coast). Last night and early this morning the wind blew away all the smog. This dawned gloriously in California with the sun gleaming, […]

Hit the Road Jack

Today TaxMama hears from Summit in the TaxQuips Forum, who has some questions.https://biuinternational.com/wp-content/languages/new/how-to-write-an-essay-about-your-self.html “When doing work nationally what are the tax implications? We are a painting contractor based in, say, New York, travel to Mississippi and paint a building for 50k, then travel to Alabama and paint a building for 50k and so on… what […]

Student Loan Payments

Today TaxMama hears from Heidi in California, with a common misunderstanding. “I know I can report student loan interest paid, but I’m wondering if I qualify for the tuition and fees deduction if I officially ended school in 2008, graduated in Jan.buy nolvadex online nouvita.co.uk/wp-content/languages/new/uk/nolvadex.html no prescription of 2009, and made payments for all of […]

Beware of IRS’ 2010 “Dirty Dozen” Tax Scams

Videos Dirty Dozen: English Message for Tax Preparers: English | ASL Choosing a Tax Preparer: English | Spanish | ASL For this and other videos: YouTube/IRSVideos Courtesy of IRS WASHINGTON — The Internal Revenue Service today issued its 2010 “dirty dozen” list of tax scams, including schemes involving return preparer fraud, hiding income offshore and […]