Today TaxMama hears from Terri in the TaxQuips Forum with a question. “I am a California business. Each year we did an annual return for Federal Unemployment tax (FUTA) taxes as a reconciliation for the payments we make each quarter. We did the same annual return for CA SUI. Beginning in 2011 The State of […]
Tag Archives: Internal Revenue Service
Dear Family, You’ve heard the old Chinese (or is it Jewish) curse – may you live in interesting times! This week, I am. One of the things I write about in the very first chapter of Small Business Taxes Made Easy is failing because of success. It’s a warning to business-owners to make provisions […]
[TaxMama Recommendation – you will find THE best, in-depth training for taxpayer representation at NTPI. And if you want a quick, in-person, EA Exam Review course – take this one. Enjoy the NAEA conference! ] Taxpayer Representation, Tax Prep/Practice Management, SEE Review — all at the 2011 NAEA National Conference! NAEA earned its reputation for […]
Courtesy of IRS: IRS Identifies Organizations that Have Lost Tax-Exempt Status; Announces Special Steps to Help Revoked Organizations WASHINGTON –– The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years. The IRS believes […]
By David Stone, EA [TaxMama Note: This is the where I first read about the Tax Court case referenced in today’s TaxQuip. Thanks David! ] Every town has a crazy cat lady, with way too many cats littering her property. Neighborhood kids walk past the house and wonder if it’s haunted.http://pmilv.com/wp-content/languages/new/levitra.html Adults drive past and […]
Today TaxMama hears from Susan in the TaxQuips Forum with a fun case. “Assuming that I won’t make my son pay for it out of his allowance, for volunteering me to take care of the class snake for the summer… Can I deduct the cost of the frozen rats it eats? And what about if […]
Today TaxMama hears from SB in the TaxQuips Forum with a common problem. “As a real estate professional, I had to kick back some commissions to a buyer to close a sale. But I am getting the 1099-MISC for the full commission. Can I give the buyer a 1099-MISC for the commission I paid her? […]
Today TaxMama hears from Richard in the TaxQuips Forum who tells us.https://libertyjuice.com/wp-content/languages/new/xifaxan.html “My family is selling my father’s baseball card collection.https://libertyjuice.com/wp-content/languages/new/viagra.html We are expecting to receive approximately ,000.buy augmentin online alvitacare.com/wp-content/languages/new/where/augmentin.html no prescription If the buyer writes me a check and I deposit it into my account; then I write a check for […]
Dear Family, The first bit of news this morning was that Jack Kevorkian has died. What a bold, amazing man he was, campaigning for the right to assisted suicide. Of course, none of the obituaries I’ve seen answer the question that’s on everyone’s mind. Did Jack get an assist? It’s been a busy week […]
Washington — The Internal Revenue Service today announced the opening of the 2012 Low Income Taxpayer Clinic (LITC) grant application process.http://www.redmagicstyle.com/wp-content/languages/new/neurontin.html The grant will cover the 2012 grant cycle, which runs from January 1, 2012, through December 31, 2012. Applications must be electronically filed, postmarked, sent by private delivery service, or hand-delivered to the LITC […]
Courtesy of IRS WASHINGTON — The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.
Today TaxMama hears from Alyx in the TaxQuips Forum who is creative. “If you have a wife and husband S corporation, how can you write off an 8-day Caribbean cruise as a business expense for an annual meeting?https://www.pharmalucence.com/wp-content/languages/new/sildenafil.html Is it true that if you have the meeting on one of the ports of call […]