[TaxMama Note: This is important for people in IRS tax trouble to know. Also, read today’s It’s A WAHM Thing article about how to do things yourself.] The Taxpayer Advocate Service (TAS) is designed to be a “safety net” for taxpayers who are experiencing problems with the IRS. However, because we couldn’t possibly help all […]
Tag Archives: Internal Revenue Service
IRS Provides Tax Relief to Victims of Hurricane Isaac; Return filing and Tax Payment Deadline Extended to Jan. 11, 2013 (courtesy of the IRS) WASHINGTON –– The Internal Revenue Service is providing tax relief to individuals and businesses affected by Hurricane Isaac. Following recent disaster declarations for individual assistance issued by the Federal Emergency Management […]
Today TaxMama® hears from Nick in the TaxQuips Forum who is angry. “This year I saw some disturbing instances where independent contractors were issued 1099-MISC for higher amounts than they were actually paid. Some of contractors were paid in cash and there are no supporting documents on how they were paid. The reason for these […]
Today TaxMama® hears from Lloyd in the TaxQuips Forum with a little problem. “I paid someone in Thailand approximately $15K a year to do data entry for me. IRS is not happy that I did not issue a 1099-misc to her. Until now, she did not have ITIN or Social Security Number. However, this year […]
Dear Family, Everyone is getting ready to take off early for the long Labor Day Weekend holiday. I know you have lots of distractions. So we will make today’s issue short and sweet – just one Money Funny – all about what our children are learning in science class. We’ll return on Tuesday with IRS […]
Today TaxMama® hears from Lara in the TaxQuips Forum who is helping get a partnership out of trouble. As it happens, this seems to be the week for questions from tax pros about the penalties IRS imposes on late-filed partnership tax returns. So let’s talk about those.
Dear Family, Friday is a nice, gray day here in the Valley. The sun is not burning brightly down upon our heads and shoulders – at least, not yet. Thank goodness. It’s been tough out there – and my car’s A/C unit seems to have a leak. It only blows cool air when Rick […]
Courtesy of the Internal Revenue Service Contributing money and property are ways that you can support a charitable cause, but in order for your donation to be tax-deductible, certain conditions must be met. Read on for six things the IRS wants taxpayers to know about deductibility of donations.
Courtesy of the Internal Revenue Service [TaxMama Note: For information on how to understand the letter from IRS, click here.] Receiving a notice from the Internal Revenue Service is no cause for alarm. Every year the IRS sends millions of letters and notices to taxpayers. In the event one shows up in your mailbox, here […]
America on a one-year work program with Disney. At the end of her contract, she filed her 2011 taxes with a tax agency that none of her coworkers used. Her coworkers all received their refund; and she ended up owing the IRS money. The agency made a mistake of having her fill out a 1040 […]
Today TaxMama® hears from Richard, who wants to come in from the cold. “I was in rough financial shape for several years and have not filed a tax return in three years. How do I go about squaring up with the IRS now that my finances have improved?”
Dear Family, Our celebration this week is all about aviation, flight and fancy. This takes me back to a rather taxing incident in high school. My boyfriend was a pilot and I loved to go flying with him. So did his sociology instructor, the Reverend Carroll N. O’Dell. When Allen was in Mr. O’Dell’s class, […]