Today TaxMama® hears from Dave in the TaxQuips Forum, with an excellent question (let me summarize). “His friend’s daughter bought a home in 2008 subject to the First Time Homebuyer Credit repayment. During 2011, she was deployed to Iraq for 11 months. Can she file an amended return and have the entire balance of her repayment […]
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Today TaxMama® hears from Jeanne in the TaxQuips Forum, with a sad question. “My husband passed away in May 2012. Could I file as head of household? And can I claim him for the full year? He had income from SSI which had no taxes taken out.”
Dear Family, Welcome to autumn. This is the best time of the year. Summer’s heat is starting to fade away. Winter’s snow hasn’t yet come (to those of you who live in snowy climes). And the trees are turning glorious shades of gold and auburn.
We’ve been talking about IRS whistleblowers lately. One of the features of the program is that it is meant to provide anonymity to the whistleblower. Otherwise, that person could potentially face serious physical and financial harm. Well, it doesn’t always work that way. Sometimes, you run into a corrupt government official seeing a way to […]
A dozen bits of wisdom 1) Raising teenagers is like nailing Jell-O to a tree. 2) There is always a lot to be thankful for if you take the time to look. For Example: I’m sitting here thinking how nice it is that wrinkles don’t hurt.
Today TaxMama® hears from Cassandra in the TaxQuips Forum, who really IS a Mystery Shopper. “I am a mystery shopper and work for 30+ different companies. To some, I give my Social Security number – to others my EIN. Do I need to report the income I earned for the companies I supplied my EIN […]
Dear Family, Just to alert you, we’ll be dark most of next week – until after Yom Kippur. We’ll be back on Thursday, bright and lively and all ready to regale you with more tax tales. Meanwhile, if you’re posting questions in the TaxQuips Forum, you’ll be answered by many of the wonderful contributors on […]
Courtesy of NAEA – www.naea.org A TIGTA audit, which hit email boxes in DC this week, makes for interesting reading. On the plus side, the new accuracy rate is far higher than the accuracy rate TIGTA measured during the 2011 filing season (39 percent). On the down side, half of returns in the study […]
Courtesy of CCH, a Wolters Kluwer Co. (RIVERWOODS ILL., September 14, 2012) – Taxpayers recovering from the current economic downturn will get at least some relief in 2013 by way of the mandatory upward inflation-adjustments called for under the tax code, according to CCH, a Wolters Kluwer business, a leading global provider of tax, accounting […]
Here are some anagrams that someone came up with – that person was either exceptionally clever or has far to much time to waste or is deadly at Scrabble. Whistleblower When you rearrange the letters: Who blew ‘er List
Today TaxMama® hears from RG in the TaxQuips Forum with an oxymoron. “Can an irrevocable living trust be changed by the person that created it?”