Today TaxMama hears from Andy in Michigan, who asks. “If a tax preparer is handed a subpoena to have a lawyer review a clients tax returns and other material, what are the privilege and confidentiality rules in this situation?”
Tag Archives: Internal Revenue Service
Today TaxMama hears from George in Delaware, with this problem. “What should I do about an accountant that I have used for the first time this year? He has still not completed everything or gotten back to us. I realize that an extension has been filed, but this be the first year we should do […]
Dear Family, Earlier this week Brent Clanton (www.cnn650.com )and I were discussing the proposed batch of tax legislation facing Congress this month. One of the ways the Legislature and President Obama propose to pay for the health insurance and other tax breaks is to tax the ‘rich’ – those earning over $250,000. Sounds like a […]
Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation.https://www.richereducation.co.uk/wp-content/languages/new/finance-homework-help.html Here are five facts the IRS wants you to know about a tax credit available for child care expenses. The Child and Dependent Care Credit is available for expenses incurred […]
Courtesy of David & Mary Mellem, EAs We’re not talking about a normal transfer of an IRA here. We are talking about a taxpayer who transfers an IRA from which the taxpayer was taking substantial equal periodic payments. First an overview: A taxpayer is generally subject to income tax on distributions from an IRA account […]
[Just a reminder…TaxQuips will be dark next week while we are at the IRS Tax Forum. Follow Your TaxMama® on Twitter. ] Dear Family, Fourth of July weekend is coming up. Many folks are already off for the holiday since it falls on a Saturday. In seems wisdom has it that when a holiday falls […]
Courtesy of the Internal Revenue Service June 04, 2009 For many businesses, summer traditionally brings an influx of part time or seasonal workers into the work force. Employers must ensure they are treating these workers properly for employment tax purposes.https://mannadew.co.uk/wp-content/languages/new/synthroid.html Generally, workers are either employees or independent contractors, based upon the facts and circumstances of […]
Dear Family, Just as we were starting last night’s EA Exam Review Class, someone announced that Michael Jackson (age 50)had died. Despite all the controversy surrounding this man-child, he has remained steadfastly popular. In fact, he had a series of 50 concerts scheduled in London that had already sold over $85m(£52m) worth of tickets. Aside […]
Courtesy of the Internal Revenue Service June 04, 2009 For many businesses, summer traditionally brings an influx of part time or seasonal workers into the work force. Employers must ensure they are treating these workers properly for employment tax purposes. Generally, workers are either employees or independent contractors, based upon the facts and circumstances of […]
Today TaxMama hears from William in Florida with this request.buy priligy uk https://blackmenheal.org/wp-content/languages/new/uk/priligy.html no prescription “My wife is in school and doing her practicum in psychology. She is working for a nonprofit and considered a independent contractor.buy neurontin uk https://blackmenheal.org/wp-content/languages/new/uk/neurontin.html no prescription She was told she could take certain tax deductions such as mileage, cell […]
Dear Family, This was an exciting week, wasn’t it? A pilot died in flight – the passengers land safely in Newark. Lakers fans riot in Los Angeles. IRS announces a crackdown on employee cell-phone deductions – then retracts it. Iranian protester break past government-imposed Internet roadblocks to Twitter their dissent. President Obama provides certain job-related […]
Courtesy of David and Mary Mellem, EAs IRS has released the draft of the new Schedule M (Form 1040). This schedule is planned to be part of the 2009 income tax return to reconcile the $400 stimulus payments. Basically Schedule M calculates the amount of credit taxpayers are entitled to as a result of the […]