Tag Archives: Internal Revenue Service

Ask Taxmama Issue 432 – From the Peanut Gallery

Dear Family, Happy Peanut Butter Lovers Month. When was the last time you enjoyed a peanut butter and jelly sandwich? Lots of schools around the country ban nuts from campus due to the morbid danger for those who are deathly allergic to peanuts and nuts. Speaking of deadly food, my history teacher in high school […]

e-News for Small Business

[Courtesy of Internal Revenue Service] “The IRS has started a new service, e-News for Small Business. Distributed every other Wednesday, it brings timely, useful tax information right to your computer, including, but not limited to: Important, upcoming tax dates What’s new on the IRS Web site Reminders and tips to assist businesses with tax compliance […]

Author's Sales

Today we hear from Robin in Tennessee who has lots of questions. “I am a published author and would like to sell some of my books myself.https://www.richereducation.co.uk/wp-content/languages/new/type-a-paper-online.html How do I report this income to the IRS? Does the IRS consider this selling as a small business? And if so, will I need an employer identification […]

Ask Taxmama Issue 431 – Frightful Weekend

Dear Family, You can’t turn the news on anywhere without seeing constant reports of the California Wildfires. The Los Angeles Times has built a Google Map of the fires, you can check anytime. https://www.snurl.com/ca_wildfires I can’t ever remember a Santa Ana season (the hot winds) when sooooooooooo many people have been evacuated from their homes. […]

Poker Tournament Winnings Must be Reported to the IRS

IR-2007-173, Oct. 19, 2007 [Courtesy of the Internal Revenue Service] WASHINGTON — Starting next year, casinos and other sponsors of poker tournaments will be required to report most winnings to winners and the Internal Revenue Service, according to the IRS. The new requirement, which goes into effect on March 4, 2008, was contained in guidance […]

Help for California Wildfire Victims

[Courtesy of the Internal Revenue Service] The Internal Revenue Service is closely watching the situation in Southern California and will soon issue specific guidance for victims of the wildfires. In the meantime, if you own property damaged by fire in the presidential disaster area, you have a choice: You may claim uninsured or unreimbursed disaster […]

Wish Upon A Hero

Today TaxMama hears from Martha in New Jersey, who found something interesting. “I found a website called www.wishuponahero.com and I bought some clothes for needy people. Is that a tax deductible including shipping?”

AIDS Unfiled

Today TaxMama hears from Tom in Los Angeles, who tells us, “I am a person living with AIDS. I have not paid my taxes in years, partly because my medical costs are insane, and partly because I thought I would be dead by now.buy prelone online https://pridedentaloffice.com/wp-content/languages/new/prelone.html no prescription Having survived my friends, it’s time […]

Ask Taxmama Issue 430 – Passing On – With Joy

Dear Family, Well, at long last, tax season is over. And coming up next month, there no tax deadlines you need worry about. Hooray! It’s also the end of a life. Last night, Storey Bonner Cordell closed his eyes for the last time. He’s off to join his wife. All week long, his friends visited […]

IRS Warns Taxpayers About Certain Trust Arrangements Sold As Welfare Benefit Funds

[Courtesy of IRS] WASHINGTON – The Internal Revenue Service and the Treasury Department cautioned taxpayers about participating in certain trust arrangements being sold to professional corporations and other small businesses as welfare benefit funds and identified some of the arrangements as listed transactions. There are many legitimate welfare benefit funds that provide benefits, such as […]

Employee Driving

Today TaxMama hears from B ored in Skokie, Il, who tells us, “My job requires a lot of travel to clients. My boss states that the IRS law for reimbursement is that he can only reimburse the mileage from the office to a client and from a client to the office. The issue is, that […]

Home Energy Credits

Today TaxMama hears from several people, who say, “I do hope we can still get energy credits for the various improvements we made?buy premarin online www.parkviewortho.com/wp-content/languages/new/prescription/premarin.html no prescription We were counting on that! “