Dear Family, Next week is the anniversary of the Paperback book, which was first introduced by Penguin. There was a brand of paperback books called PocketBooks. As you may have realized, I am an avid reader. Have been since I could see.
Tag Archives: IRS News
Courtesy of the Internal Revenue Service If you adopted a child last year and requested an extension of time to file your 2011 taxes, you may be able to claim the expanded adoption credit on your federal tax return. The Affordable Care Act temporarily increased the amount of the credit and made it refundable, which […]
Courtesy of the Internal Revenue Service Renting Your Vacation Home Income that you receive for the rental of your vacation home must generally be reported on your federal income tax return. However, if you rent the property for only a short time each year, you may not be required to report the rental income.buy diflucan […]
Father O’Malley answers the phone. ‘Hello, is this Father O’Malley?’ ‘It is!’ ‘This is the IRS. Can you help us?’ ‘I can!’
Today TaxMama® doesn’t have any interesting questions in the TaxQuips Forum. So let’s close this week with something interesting. I’m going to tell you how to collect rental income without paying any taxes at all.
Today TaxMama® hears from Donna in the TaxQuips Forum with this running argument. “Our debate concerns a client whose payroll taxes for the current and previous quarters well exceeded $2,500. The client is a monthly depositor and did not make a timely deposit for the last month in the quarter. The deposit amount due for […]
Today TaxMama® hears from Ted in the TaxQuips Forum with this story. “A police car was at fault in an accident and the city repaired the taxpayer’s car. The taxpayer got a 1099-misc for the amount of the repairs. The municipality insists it is correct and will not re-issue anything. The question is how to […]
Today TaxMama® has been hearing from several people in the TaxQuips Forum and elsewhere, with this question. “Someone just inherited an annuity. Is it taxable? And if so, how much of it is taxable?”
Dear Family, Can you believe it. This is the 650th issue. Ask TaxMama has been running for 12 ½ years. We’ve answered thousands of questions; solved innumerable tax problems; saved people millions of tax dollars over the years – and even improved the federal tax administration system and the tax profession a tiny bit. The […]
Courtesy of the Internal Revenue Serivce [TaxMama note: For the most part, if you cannot itemize your deductions, you’ll have a hard time using these.] Summertime is the season that often leads to major life decisions, such as buying a home, moving or a job change. If you are looking for a new job that […]
Courtesy of the Internal Revenue Service Get answers to tax questions, download federal tax forms or publications or check on a charity at the IRS website – IRS.gov. The site offers free online tax support, 24 hours a day, seven days a week. Here are six reasons to visit IRS.gov this summer.
The year is 1912 over one hundred years ago. What a difference a century makes! Here are some statistics for the Year 1912: