Today TaxMama hears from Daisy in South Carolina who says, in these very words. “Need to find information on how to file: No Income but paid taxes on withdrawn retirement account, early withdrawal (59yrs of age) on IRA account, property taxes and bank account interest earned.”
Tag Archives: Internal Revenue Service
[note: Added 01/28/08 – link to IRS Revenue Procedure 2008-14 covering “Adequate disclosure for Statements on Tax Return” for purposes of reducing an understatement of income tax under section 6662(d) and for purposes of avoiding the section 6694(a) preparer penalty.] Report from the IRS Practitioner Liaison meeting in Los Angeles, January 17, 2008 – at […]
Today TaxMama hears from Tracy in Colorado who says. “I stored my 2006 tax information on my computer, which crashed a few months ago wiping out my tax information. How do I obtain my tax information so I can complete my 2007 tax return?”
Dear Family, I can’t think of a Martin Luther Kind weekend without remembering Marvin Brown’s first ever personal day off on January 17, 1994. Do you wonder why I remember the date of my friend’s one day off? Because even on that one precious day, he couldn’t sleep in. Nature shook him awake at 4:31 […]
TAX INFORMATION AVAILABLE IN SPANISH INFORMACIÓN TRIBUTARIA EN ESPAÑOL Courtesy of the Internal Revenue Service TT-2008-12 If you need federal tax information, the IRS provides free Spanish language products and services. Pages on the Internal Revenue Service’s Web site, pre-recorded tax topics, refund information, tax publications and toll-free telephone assistance are all available in the […]
Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today issued a notice that lists four additional erroneous legal positions that taxpayers should refrain from using as an excuse to avoid paying their taxes. An individual or group may not avoid paying their fair share of taxes by making “frivolous” legal arguments […]
Courtesy of IRS TT-2008-11 Are you facing a lot of different tax questions this year? IRS experts have pulled together an overview of common tax issues in one convenient place — Publication 17, Your Federal Income Tax. This updated publication, available on the IRS Web site, IRS.gov, contains a vast array of helpful information for […]
Today TaxMama hears from Lisa in California who tells us. “I am a Creative Memories Consultant, which is an independent consultant home sales business. This past year I barely sold anything, and ran my ‘’business’’ as more of a hobby than a business. Do I still need to claim it on my taxes? I haven’t […]
Today TaxMama hears from Monique in California who tells us. “I am a student, living at home with my parents (they are still claiming me as a dependant). But I do work less than 20 hours (usually earning less than $160). Do I still have to file taxes?”
Dear Family, Did you know that this week is Universal Letter Writing Week? The Crayola site has some cute activities for children to do. https://www.crayola.com/calendar/detail.cfm?event_id=224&year=2008 The presidential primaries will be the focus of much of your radio and television news features. If you don’t want to listen to all the fluff, or don’t have the […]
Courtesy of the Internal Revenue Service TT-2008-05 The three forms used for filing individual federal income tax returns are Form 1040EZ, Form 1040A and Form 1040. If you are filing a federal income tax return on paper, use the simplest form you can. Using the simplest allowable form will reduce the chance of an error […]
Courtesy of the Internal Revenue Service Taxpayers who pay someone to do their taxes should choose a preparer wisely. If you choose to use a paid tax preparer, it is important that you find a qualified tax professional. Taxpayers are ultimately responsible for everything on their return even when it’s prepared by someone else The […]