Tag Archives: Internal Revenue Service

Stimulus Checks on the Way

Courtesy of IRS – IR-2008-70 WASHINGTON — As millions of Americans begin receiving their economic stimulus payments, the Internal Revenue Service released a list of the most-frequently-asked questions –– and answers –– that people now are asking. “Many people have questions about the stimulus payments, and the IRS has the answers available on the IRS.gov […]

Your FBI File

Today TaxMama got distracted. I started reading Al Tompkins’ interview with Tisha Thompson at WTTG-TV in Washington, D.C., who started digging into FBI files on people for her reports. The information is hard to get and often requires dogged persistence. She says it can take as many as 56 letters to get someone’s file. Do […]

Out of Work

Today TaxMama hears from Andre in Houston, who tells us. “I read your article on Marketwatch with interest. I am out of work right now, about to give up looking for work, but was wondering about some of the home business opportunities you mention in your article. Most of the “opportunities” I’ve come across are […]

Trucking Along

Today TaxMama hears from Jim in Los Angeles, who tells us. “I run a trucking business. This will be my first year hiring contractor drivers so I want to know, at the end of the year when I give them a 1099 am I supposed to send one to the IRS with my corporate tax […]

My Opinion

Today TaxMama hears from Carrie in IL, who is confused. “I owned a home for 5 years. I lived in it for the first 3 years, then rented it out for the last two. This was also my first sale. I am told many things. Some say I will pay capital gains on the years […]

Ask Taxmama Issue 455 – Puzzling Times

Dear Family, Today is the anniversary of the first crossword puzzle book. The first published instance of a crossword puzzle was back in 1913, created by Arthur Wynne for the New York World. The first book was published by Simon and Schuster, 84 years ago, at the behest of Richard Simon’s aunt. Naturally, the first […]

Overview of Pending Tax Legislation

Courtesy of NAEA – www.naea.org Rep. Xavier Becerra (D-CA) last week introduced H.R. 5716, the Taxpayer Bill of Rights Act of 2008, in the House of Representatives. The bill includes NAEA’s key legislative initiative—regulation of paid return preparers. The House Ways and Means Committee last Wednesday approved 23–17 the Taxpayer Assistance and Simplification Act of […]

Separate but Unequal

Today TaxMama hears from Mark in MA, with this question: “My tax software suggested filing married separate to save money. Can I use all the itemized deductions with one return, and the dependants on the other? It seemed to work on the software with no alerts.https://www.seehowcan.com/wp-content/languages/new/write-my-essay-for-me.html ”

Ask Taxmama Issue 454 – Modernizing Taxes

Deadline Extensions for Combatants and Disaster Areas

IRS spokesman Eric Smith reminds us that deadline extensions provided to disaster-area taxpayers and those serving in Iraq, Afghanistan and other combat-zone localities also give those affected more time to put money into an IRA. [note: You will find the links in the Resource Box below] Filing and payment extensions, granted by the IRS in […]