Courtesy of the National Association of Enrolled Agents NAEA’s E@lert’s holiday present to readers and taxpayers is a one-week reprieve on Taxmageddon. The short version is that negotiations are ongoing and largely behind closed doors.https://www.thebesthealthnews.com/wp-content/languages/new/acyclovir.html Shifting gears a bit, we have news about the tax writing committees. At the start of the 113th Congress (the […]
Tag Archives: Natural Disaster
Last week, before Commissioner Doug Shulman left, he made sure that the IRS was in position to cut red-tape and make life easier for Hurricane Sandy victims. Tax Relief for Victims of Hurricane Sandy in Connecticut, New Jersey and New York Victims of Hurricane Sandy that began on Oct. 27 in parts of Connecticut, New […]
Dear Family, In honor of Veterans’ Day this weekend, in IRS News we are reminded that time is running out to get a substantial tax credit for hiring a veteran this year. The special, expanded tax credit will end on December 31st. So start interviewing now. Another special opportunity is open until December 31st. In […]
[TaxMama Summary: As long as the employer and employees follow the IRS guidelines, employees will be allowed to donate their sick pay, vacation pay or personal leave payments to the organizations helping victims of Hurricane Sandy. Effect on Employees: The amount donated will not be added to employees’ wages – so they will not have […]
Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax benefits and then file their returns electronically using IRS e-file or the Free File system. Many of the more than 11 million taxpayers who […]
IRS Provides Tax Relief to Victims of Hurricane Isaac; Return filing and Tax Payment Deadline Extended to Jan. 11, 2013 (courtesy of the IRS) WASHINGTON –– The Internal Revenue Service is providing tax relief to individuals and businesses affected by Hurricane Isaac. Following recent disaster declarations for individual assistance issued by the Federal Emergency Management […]
Dear Family, Our celebration this week is all about aviation, flight and fancy. This takes me back to a rather taxing incident in high school. My boyfriend was a pilot and I loved to go flying with him. So did his sociology instructor, the Reverend Carroll N. O’Dell. When Allen was in Mr. O’Dell’s class, […]
Today TaxMama hears from Guy in the TaxQuips Forum with an interesting situation. “My wife took a part time job at the local community college campus about two miles from our house in 2010. Once every week or two she would travel to the campus at another town about 40 miles away. For this travel […]
Dear FAMILY, The other day, I was talking to someone and he said something that really hit a chord with me. I’ve made mistakes, or bad decisions. There are times when I wish I had something differently. Over the years, in my career, in my business, in my tax practice, there were choices or […]
The IRS has been busy this week, providing more time for financial professionals who had signature authority over clients’ overseas accounts through 2008 (before 2009) to catch up on reporting requirements to comply with FBAR disclosures. They now have until November 1, 2011. As a result of all the disasters in Missouri earlier this year, […]
IRS has provided information about extended deadlines and disasters related to storms and flooding. So far, we do not see anything about relief for the economic effects of the Gulf area oil spill. Recent Tax Relief
Dear Family, Well, it’s the end of April. The world somehow survived a volcano and an earthquake that left travelers stranded all over the world. It’s interesting the different ways that tavel companies dealt with it. Yesterday, within seconds of each other, I received two emails. The first was from an executive at British Airways, […]