Courtesy of IRS If you are adopting a child in 2011, the Internal Revenue Service encourages you to familiarize yourself with the adoption tax credit. The Affordable Care Act increased the amount of the credit and made it refundable, which means it can increase the amount of your refund.
Tag Archives: IRS tax forms
Today TaxMama hears from Duncan who is taking good care of a client. “My client from Mexico lives in the US from April until December every year. He is working here under an H2A agricultural visa. As I understand, since he is here for 9 months, he is a resident alien according to the substantial […]
Courtesy of IRS Military personnel have some unique duties, expenses and transitions. Some special tax benefits may apply when moving to a new base, traveling to a duty station, returning from active duty and more. These tips may put military members a bit “at ease” when it comes to their taxes. Moving Expenses If you […]
Today TaxMama hears from Linda in the TaxQuips Forum who wants to know. “How do I prove to the IRS that we can now net gambling losses against gambling winnings, per day, per gambling establishment, instead of deducting these losses on Sch A?
Today TaxMama hears from Wyetta in the TaxQuips Forum with this problem. “I tried to make a payment arrangement with the IRS for 2010 taxes owed.buy remdesivir online blackmenheal.org/wp-content/languages/new/us/remdesivir.html no prescription The IRS told me that I have to file for 2006, before they could offer a payment arrangement. Please instruct me on how to […]
Courtesy of David & Mary Mellem, EAs A PMTA is a document that contains legal advice signed by attorneys in the National Office of the Office of Chief Counsel and issued to IRS personnel who are national program executives and managers. They are useful for taxpayers since they explain what the rules are in certain […]
Today TaxMama hears from Judy in the TaxQuips Forum who needs help. “I am struggling to maintain my household, have four years of back taxes to file and settle and my home was just foreclosed on. I was contacted by someone claiming that they can help negotiate a reduction in tax liability and stop any […]
Today TaxMama hears from Mimi in the TaxQuips Forum who tells us. “My husband coaches my son’s Little League and travel basketball team. Occasionally, he buys equipment for the team’s use and hosts an after-season party, complete with pizza, cake and beverage. Some of these expenses are not reimbursed by the league. Are these deductible? How about […]
Courtesy of IRS: IRS Identifies Organizations that Have Lost Tax-Exempt Status; Announces Special Steps to Help Revoked Organizations WASHINGTON –– The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years. The IRS believes […]
Today TaxMama hears from SB in the TaxQuips Forum with a common problem. “As a real estate professional, I had to kick back some commissions to a buyer to close a sale. But I am getting the 1099-MISC for the full commission. Can I give the buyer a 1099-MISC for the commission I paid her? […]
Courtesy of IRS WASHINGTON — The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.
Today TaxMama hears from Karaya in the TaxQuips Forum who is frustrated. “I have filled an Injured Spouse form 8379 because part (a huge part) of my refund was retained to pay a student loan (debt by my spouse before we were married). IRS sent me a notice that they couldn’t process the request because […]