Courtesy of the Internal Revenue Service [TaxMama note: Did THIS ever happen to you? If you were the victim of tax identity last year, make SURE you get your special Identity Protection PIN (IP PIN) from the IRS so no one can steal your refund by pretending to be you.] WASHINGTON — Continuing a year-long enforcement […]
Tag Archives: Internal Revenue Service
Today TaxMama® hears from Goran in the TaxQuips Forum, with this issue. “My client and his mom were on the mortgage together. That property went through foreclosure. Naturally, they file separate tax returns. Which one will report the 1099-C?https://www.sinverrugasylunares.com/wp-content/languages/new/fluoxetine.html ”
Today TaxMama® hears from Susan in the TaxQuips Forum, with an unusual question. “PA recognizes common law marriages if they started before ’05. So, if they are now separated, are they doomed to the MFS status until a judge signs a divorce decree?https://londonbes.education/Media/new/research-paper-services.html Or, since nothing was filed with the state to begin with can […]
Today TaxMama® hears from someone in the TaxQuips Forum, who keeps asking similar questions about California LLCs and Canadian Limiteds owning an S Corp. So, let me tell you a little bit about S Corporation rules.
Dear Family, It’s been a long day. Everyone seems to be working late. I am getting emails from the East Coast well after 8:00 pm their time. Of course, me? I’ve been on hold a lot of the day. The Tax Preparer Hotline (aka Practitioner Priority Service) hung up on me a few times. Once […]
Courtesy of the IRS Many businesses will be able to file their 2012 federal income tax returns starting Monday, Feb. 4. Filers of forms affected by January tax law changes will need to wait until late February or early March. The Monday opening covers non-1040 series business returns for calendar year 2012, including Form 1120 […]
Courtesy of the IRS [See TaxMama note below] The IRS announced on Monday that taxpayers filing Form 8863, to claim the American Opportunity Tax Credit or the Lifetime Learning Credit can begin filing by the middle of February after the IRS updates its processing systems. The delayed start will have no impact on taxpayers claiming […]
Today TaxMama® hears from Chuck in the TaxQuips Forum, with this question. “So I received a 1099-MISC after I filed my taxes last year. (Yes I jumped right out there and got ‘em done and in.) What do I need to do to now so Uncle Sam doesn’t come looking for me? Ahem… file a […]
Today TaxMama® hears from Roger in the TaxQuips Forum who is frustrated with the concept. “I guess my question would be, what is different about what I’m doing and, say, a general contractor ICing a plumber regularly to plumb houses he is building?https://www.giveapint.org/wp-content/languages/new/premarin.html Or a magazine that subs out to a freelance writer? These guys […]
Courtesy of the IRS [TaxMama Note: NAEA has been pursuing this problem with the IRS all month. They were thrilled to announce this fix about an hour ago. IRS just released these guidelines.] WASHINGTON — The Internal Revenue Service announced today that it will issue guidance in the near future to provide relief from the […]
Courtesy of the IRS [TaxMama Note: You don’t have to be rich to take advantage of this opportunity. This will work for you, if you are the right age, have funds in an IRA, and would have made charitable contributions using your own funds anyway. This way, you get a nice tax break.] WASHINGTON — […]
Today TaxMama® hears from Mahakavi in the TaxQuips Forum with a couple of questions – but we’ll only answer one of them here today. “TaxMama® keeps telling us to attach a statement to the tax return.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/acyclovir.html How do you attach statements when you’re using commercial software?”