Tag Archives: Internal Revenue Service

Useful Resources from IRS

Retirement Plans – 9 videos about retirement plans, including IRAs. Some help retirement plan sponsors choose and operate their plans. Others are to help participants, like you, ensure your retirement benefits are protected. https://www.stayexempt.org/ep/navigating_plans.html IRS Brochure outlines Small Business Federal Responsibility In this one sheet two-fold brochure, you will find and impressive list of IRS […]

Late SEP Contributions

Today TaxMama hears from David in North Carolina who wants to know. “If a self-employed taxpayer obtains a valid extension, then files a return before the extension deadline, can the taxpayer then establish and fund an SEP-IRA (before the extension deadline) and file Form 1040X to claim the deduction? Or does the extension end when […]

Capital Gains

Today TaxMama hears from Shirley in Florida who asks. “At what rate are capital gains taxed? Suppose your adjusted gross income before the capital gain is $8,000 and the capital gain is $150,000. Is the rate for CG tax based on AGI before the gain or after the gain?”

National Taxpayer Advocate Releases Report to Congress; Identifies Priority Challenges and Issues for Upcoming Year

Courtesy of the Internal Revenue Service – IR-2008-87, July 8, 2008 WASHINGTON — National Taxpayer Advocate Nina E. Olson today delivered a report to Congress that identifies the priority issues the Office of the Taxpayer Advocate will address in the coming fiscal year. Among the key areas of focus will be improving IRS procedures to […]

S Corp Info

Today TaxMama hears from Steven in Connecticut who says. “Are the salaried employees liable to pay the taxes or does the company pay? Any info on S-Corp and tax payouts would be deeply appreciated.https://drugeriemarket.co.uk/wp-content/languages/new/vardenafil.html ”

Useful Resources

Today TaxMama wants to give you some no-charge resources to help you protect your finances – and reduce your stress, and perhaps improve your health. Besides, all the questions directed to TaxMama in the last couple of days are either too complex, or too often repeated to bore you with, here.buy lexapro Canada https://langleyrx.com/lexapro.html no […]

FDIC Limits

Today TaxMama hears from Bud in Tennessee who tells us: “My wife had a CD in an online bank that exceeded the FDIC guaranteed amount. The Internet bank went into receivership and my wife lost the amount that exceeded the FDIC limit. What are the tax implications as far as the loss and what schedules […]

Treasure Hunter

Today TaxMama hears from Joanna in New York who tells us. “I have been working as a finder, uniting people with their abandoned funds in NY State – funds lost due to inactivity.https://pinnacle.berea.edu/wp-content/languages/new/how-to-do-a-bibliography.html These monies consist of insurance funds, NYS Income Tax Checks, mutual funds, inactive bank accounts, etc. My question: What happens to Federal […]

First Home Draws

Today TaxMama hears Kathy in Oklahoma who asks .https://www.datafactories.org/wp-content/languages/new/college-essay-service.html “Do I have to pay taxes on money withdrawn from an annuity in order to purchase a home?”