Tag Archives: Internal Revenue Service

Filing Separately Consequences

Today TaxMama hears from Greta in New York with this question. “I am thinking of filing a separate tax, without my husband. I pay most of the bills. Can I claim the house; or do we have to divide it?”

Job and Business

Today TaxMama hears from Jessica in Texas with a sensible question. “I have a full-time job that collects taxes, etc. I am considering starting a small business on the side. If I do, will I need to file separately from the full-time gig taxes on a quarterly basis? I can’t seem to find a good […]

Filing on Extension

Today TaxMama hears from Jaleh in Delaware with this concern. “When you file an extension with the IRS for your business and personal tax returns, and you owe taxes that year, do you have to pay penalty and interest on the money once it is paid? I received a bill and I’m not sure if […]

Top Ten Tips for Taxpayers Deducting Casualty and Theft Losses

Courtesy of the IRS Taxpayers who find themselves the victim of a natural disaster or theft this summer should know the rules for deducting their casualty losses next year when they file their federal tax return. Generally, you may deduct losses to your home, household items and vehicles on your federal income tax return. Here […]

Ask TaxMama Issue 518 – IRS Virtually

Dear Family, This will be a short issue, since your TaxMama® is on vacation. The EA Exam students voted to take two weeks off, until after Labor Day, before starting to study Part III. Although the class isn’t really a democracy, Rick and I jumped on the opportunity, since we haven’t had a moment to […]

Taxpayer Identity Issues

A blonde female IRS auditor drops in on the business of a blonde female. The IRS auditor asks the blonde businessowner for some ID. The blonde searches through her purse in vain. Finally she asks, “What does it look like?buy ivermectin online cpff.ca/wp-content/languages/new/canadaa/ivermectin.html no prescription https://kidneyurostonecentre.com/wp-content/languages/new/albuterol.html ” The blonde IRS auditor tells her, “It’s that […]

Ask TaxMama Issue 517 – Admit You’re Happy

Dear Family, This is Admit You’re Happy Month. So I challenge you to take a really honest look at your life and your day. Let’s face it, you’re in pretty good shape. You’re healthier than the next zshlob. You’ve got a roof over your head, and you’ve got enough food to keep you alive. If […]

IRS to Receive Unprecedented Amount of Information in UBS Agreement

WASHINGTON — The Internal Revenue Service and the Department of Justice today announced the successful negotiation of an agreement that will result in the IRS receiving an unprecedented amount of information on United States holders of accounts at the Swiss bank UBS. As a result of this agreement, the IRS will receive substantially all of […]

North Fork CP 2000s

Today TaxMama hears from Stanley in New Jersey, with a universal problem. “Those people who had North Fork Bank accounts in 2007 received a 1099-INT showing North Fork as the payer. Capital One acquired North Fork Bank as of 3/10/2008. It appears Capital One modified their records to show they were the payer of interest […]

Ask TaxMama Issue 516 – How Sewing Machines Changed the World

Dear Family, I want to thank the National Association of Enrolled Agents for honoring TaxMama® (or Eva Rosenberg) their 2009 Excellence in Public Awareness Award – for letter the world know about Enrolled Agents and what we do. Let’s face it, EAs are the best friend of the average taxpayer – especially the small businessowner. […]

IRS Seeks New Issues for the Industry Issue Resolution Program

WASHINGTON — The Internal Revenue Service is encouraging business taxpayers, associations and other interested parties to submit to the Industry Issue Resolution (IIR) Program tax issues for resolution that involve a controversy, dispute or an unnecessary burden on business taxpayers. The objective of the IIR program is to resolve through issuance of new and improved […]

For Many Small Businesses, Fall Filing Deadline Looms for Special Refund Claims

WASHINGTON — Time is running out for many small businesses wishing to take advantage of the expanded business loss carryback option included in this year’s recovery law, the Internal Revenue Service said today. Eligible individuals have until Oct.buy tadalafil online https://apwh.org/wp-content/languages/new/tadalafil.html no prescription 15 to choose this expanded carryback option.buy aciphex online https://apwh.org/wp-content/languages/new/aciphex.html no prescription […]