Today TaxMama® wants to help you with last minute issues on Tax Day 2014
Tag Archives: IRS tax forms
Today TaxMama® hears from Asdfgh in the TaxQuips Forum, who tells us. “My daughter plays piano for school choir.http://auneec.ateneo.edu/wp-includes/images/new/keyword.html Doesn’t ask for money. She gets “thank you” from school PTO in form of flower bouquet and check for a few hundred dollars. Is that taxable income?”
Today TaxMama® hears from NCTaxLady in the TaxQuips Forum, with an interesting situation. (Let me summarize) “My client bought an airplane in June. He used it 11 times and rented it out 5 times. How do I handle the reporting of this? And should he put the plane into an LLC?”
Today TaxMama® hears from a couple of people in the TaxQuips Forum, with similar questions. The second one combines both person’s concerns. “My wife is a graduate student who received a few research grants this year.buy elavil Canada http://healthinschools.org/wp-content/languages/new/canada/elavil.html no prescription Some of them want to give the money directly to her instead of through […]
Dear Family, Today is Good Friday and also the middle of Passover. Lots of places are closed, like banks, stock exchanges, schools, and more. Take some time to enjoy today. You can start with the Money Funnies. In honor of April Fools Day this weekend, this week’s Money Funny honors Joey Skaggs and New York […]
WASHINGTON —The Internal Revenue Service today provided late-payment penalty relief to individuals and businesses requesting a tax-filing extension because they are attaching to their returns any of the forms that couldn’t be filed until after January.buy elavil online https://www.conci.com/wp-content/languages/new/elavil.html no prescription The relief applies to the late-payment penalty, normally 0.5 percent per month, charged on […]
[TaxMama Note: If you have not yet filed for 2009 and have a refund coming – FILE IMMEDIATELY! If you are still waiting for data, documentation or anything else that prevents you from filing, then file a PROTECTIVE CLAIM. i.e. File a tax return. Write PROTECTIVE CLAIM on the top of the first page. Include […]
Today TaxMama® hears from Paul in the TaxQuips Forum, who says. “On my W-2 why does Code W say “Employer contribution to HSA” when it is the employee who made the contributions?https://www.natas.co.uk/dev/wp-content/languages/new/personal-statement-writer.html ”
Courtesy of the IRS It’s important to use the correct filing status when filing your income tax return. It can impact the tax benefits you receive, the amount of your standard deduction and the amount of taxes you pay. It may even impact whether you must file a federal income tax return. Are you single, […]
Courtesy of the IRS Many businesses will be able to file their 2012 federal income tax returns starting Monday, Feb. 4. Filers of forms affected by January tax law changes will need to wait until late February or early March. The Monday opening covers non-1040 series business returns for calendar year 2012, including Form 1120 […]
Courtesy of the IRS [See TaxMama note below] The IRS announced on Monday that taxpayers filing Form 8863, to claim the American Opportunity Tax Credit or the Lifetime Learning Credit can begin filing by the middle of February after the IRS updates its processing systems. The delayed start will have no impact on taxpayers claiming […]