Tag Archives: senate

Ask Taxmama Issue 445 – Stimulus is Here!

Dear Family, What an exciting week. The Senate produced their version of the stimulus package. The House signed off on it. Now, it’s sitting on President Bush’s desk to pass into law. Once that happens, refunds should be heading your way in a couple of months. Perhaps in time for spring! (Or in time to […]

Mortgage relief act goes to President

Spidell’s Flash E-mail #2007-35 Courtesy of Spidell Publishing – www.caltax.com H.R. 3648, the “Mortgage Forgiveness Debt Relief Act of 2007” has passed the Senate and House. The President is expected to sign the bill that will help some taxpayers caught up in the sub-prime mortgage disaster. It includes the following provisions: · Exclusion of up […]

House Bill Provides Low-Income Tax Benefit, Amt Fix

Courtesy of The National Women’s Law Center www.nwlc.org Bill Closes Private Equity Tax Loophole to Pay for Changes (Washington, D.C.) The U.S. House is expected to vote Friday on a bill that promotes tax fairness and fiscal responsibility by expanding eligibility for the refundable child tax credit, temporarily fixing the alternative minimum tax, and closing […]

Military Tax Relief Bill

Courtesy of NAEA Finance Members Introduce Military Tax Relief Bill Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Chuck Grassley (R-IA) this week introduced legislation that would grant significant tax breaks to members of the military, veterans, and their families. S. 1593, the Defenders of Freedom Tax Relief Act of 2007, would: Make […]

Free Senior Health Care

Since I can’t easily get to the e-mail address with your questions, I thought I’d turn to today’s news. This siutation just got to me. How does this strike you? What do you do if you no longer have a job and your COBRA has run out – and you can’t get or afford new coverage […]

Trophy Donations Tax Scam

Today TaxMama hears from the Humane Society with a warning about phony museum donations by hunters. The press release is below. I won’t read it to you – but I will summarize it. You’re going to see some words in the following press release that will trigger all kinds of hostility and negative reactions, no […]

4th of July Riddles.

Eva here, with just a little Independence Day fun.http://wsbarberschool.com/wp-content/languages/new/english-editing-service.html Today we’re skipping the questions and tossing out a bit of 4th of July trivia and silliness. Starting with the pledge of allegience. Let’s stand up. Place your right hand over your heart