Tag Archives: Internal Revenue Service

Ask TaxMama Issue 583 – A Dream

Dear Family,  Someone on the news this morning was talking about how insulting it is that some schools are open on Monday, Martin Luther King Day. That got me to thinking about how much the world has changed since I was a child. When schools and restaurants and buses and bathrooms were segregated by color. […]

Six Important Facts about Dependents and Exemptions

Courtesy of IRS Some tax rules affect every person who may have to file a federal income tax return – these rules include dependents and exemptions. Here are six important facts the IRS wants you to know about dependents and exemptions that will help you file your 2010 tax return.

Gardener 1099

Today TaxMama hears from Seth in the TaxQuips Forum with a sensible question. “I have a lawn guy for my house.  I pay him $90 a month for 8 months out of the year ($720 for the year).  The checks are made out to him directly.  From an IRS standpoint, am I supposed to do […]

TaxMama’s® 10 Tips for Business Success

Running a business or a department is complex, with innumerable people and government agencies pulling on you from all directions. With the endless demand for reports, it’s amazing that anyone is actually able to get work done, produce a product or finish a project. Yet, we do, don’t we? And we do it well. In […]

Ask TaxMama Issue 582 – A New Year

The year has just started – and the first business week has flown by!  We’ve been busy trying to revive all the Homebuyer’s Credit IRS has rejected for our owners of new manufactured housing. The Taxpayers Advocate Service has been an enormous help with this project. They too, are bewildered about some of the odd […]

Top 10 Tax Time Tips

It’s that time of the year again.buy premarin online https://www.conci.com/wp-content/languages/new/premarin.html no prescription The income tax filing season has begun and important tax documents should be arriving in the mail. Even though your return is not due until April, getting an early start will make filing easier. Here are the Internal Revenue Service’s top 10 tips […]

Stupid Tax Tricks – Things Not to Do

None of us enjoys paying taxes. We see the very rich layer of society getting away with murder financially and naturally want the same privileges in life. Besides, getting something for free always holds appeal. As a result, tax return schemes get ever more complex. Internal Revenue Service’s databases can cross-reference Social Security numbers with […]

Capital Gains Rates

Today TaxMama hears from TW in the TaxQuips Forum who wants an update. “Does any one know how much is the tax on stocks gains and dividends earned from stock.”

Ask TaxMama 580 – The Votes are In

Dear Family, Join me soon. I will be visiting Gina and Kat at the Moms Making a Million Radio Show Friday 8:00 AM PT www.blogtalkradio.com/momsmakingamillion . If you missed the show, you can listen later. This is a delightful site dedicated to helping a million moms make a million dollars. Don’t you want to be […]

Section 179 Commercial Vehicles

Today TaxMama hears from Jared in the TaxQuips Forum,who is confused. “What are the guidelines for writing off a new commercial van?  I need a big deduction. Can I write off the whole thing?https://www.epsa-online.org/wp-content/languages/new/levaquin.html I have been to many sites – and even the IRS site is different.buy augmentin online drugeriemarket.co.uk/wp-content/languages/new/britain/augmentin.html no prescription I thought […]

Mortgage Insurance Deduction

Today TaxMama hears from Christy in the TaxQuips Forum,with this question. “Just wondering if mortgage insurance would be deductible if not included on form 1098 from the lender?  The client purchased the home in 2007 and has a loan balance for 09 of $215,000.00.  It is their only home. He and his family reside in […]

IRS Expands Use of Twitter to Help Taxpayers, Tax Professionals

WASHINGTON — The Internal Revenue Service announced the availability of expanded Twitter feeds to share timely information with taxpayers and the tax professional community. The IRS Twitter news feed, @IRSnews, provides the latest federal tax news and information for taxpayers. The focus of the IRS Twitter messages will be on easy-to-use information, including tax tips, […]