[TaxMama Note: Another bookkeeping nightmare. Are YOU keeping track of how you pay YOUR vendors and service providers?] No 1099-MISC if paid by credit card (01-19-2012) In the instructions to Form 1099-MISC, the IRS has made it clear that payments made with a credit card, or through any third-party payer, are not reported on Form […]
Tag Archives: Spidell Publishing
The IRS released Rev. Proc. 2010-51 and announced that beginning January 1, 2011, the following standard mileage rates will apply: 51 cents per mile for business miles driven; 19 cents per mile driven for medical or moving purposes; and 14 cents per mile driven in service of charitable organizations. These rates apply to the use […]
Today TaxMama wants to discuss a tax issue that will affect tax preparers, certain taxpayers – and perhaps your friends and relatives around the country. Same-Sex marriage. Please don’t turn away because the topic is odious to you. You probably know someone affected – and may be able to help them.
Dear Family, 47 days and 16 hours and 20 minutes to go until April 15th. (Did you see the countdown widget at www.taxmama.com ?) And today is the filing deadline for a bunch of stuff (that’s a technical term, you know) – see TaxMama’s Tax Calendar https://www.taxmama.com/taxcalendar.html Aaaah, today’s issue is filled with lots of […]
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 […]