Tag Archives: tax humor

Caring Friends

Today TaxMama® hears from Grace in the TaxQuips Forum, with this charming question. “We have a friend that is dying of terminal cancer and is expected to pass away within 6 months. We will use a web-site that easily allows fund gathering.  But we need to know if there are tax consequences to her estate […]

Diminished Value

Today TaxMama® hears from Robert in the TaxQuips Forum, who has this tale of woe. “My car was parked in front of the house and was hit by a hit and run driver. The car had about $10k in damage that my insurance took care of.  I had a professional report done where they took […]

Ask TaxMama Issue 660 Columbus Day Weekend

Dear Family, We were looking forward to the presidential debates this week. They were a disappointment. The moderation was loose and uncontrolled. And Obama looked and sounded weary from the very beginning. Did we learn anything new from either Obama or Romney? I didn’t feel that I did. Did you? There are a lot of […]

IRS Seeks Applications for Advisory Committee for the Tax Exempt and Government Entities Division

[TaxMama Note: Instead of complaining about the system – speak up and fix it! This is your opportunity.] WASHINGTON — The Internal Revenue Service is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT). The committee provides a venue for public input on relevant areas of tax administration.buy antabuse […]

IRS Clarifies Temporary ITIN Application Requirements for Noncitizens with Tax Extensions and Many Foreign Students

[TaxMama Note: We’ve been waiting for this.] Effective Oct. 2, 2012, the IRS implemented two separate clarifying changes to its temporary procedures for issuing Individual Taxpayer Identification Numbers (ITINs).https://www.fiercereads.com/wp-content/languages/new/resume-writing-service.html First, the IRS will allow individuals studying in the United States under the Student Exchange Visitors Program (SEVP) to get ITINs under a streamlined procedure. SEVP […]

Wisdom from the Mouths of Babes

IMPORTANT TRUTHS ABOUT LIFE         That Little Children Have Learned: [TaxMama Note:  Lately, we’ve been hearing from Baby Boomers. It’s time to give the children a children a chance to be heard. ] 1)   No matter how hard you try, you can’t baptize cats.

Posting in Public

Today TaxMama® hears from various people in the TaxQuips Forum, with a variety of questions about illegal activities or very private information.

Hobby v Business

Today TaxMama® hears from Susan in the TaxQuips Forum, with an interesting twist.  “I am an analyst with a high-tech firm and I teach one course a year at the University Extension in our area. While the course topic is related to my field, I don’t consider myself to be “in the business” of teaching. […]

No Repayment Needed

Today TaxMama® hears from Dave in the TaxQuips Forum, with an excellent question  (let me summarize).  “His friend’s daughter bought a home in 2008 subject to the First Time Homebuyer Credit repayment. During 2011, she was deployed to Iraq for 11 months. Can she file an amended return and have the entire balance of her repayment […]

Husband Passed Away

Today TaxMama® hears from Jeanne in the TaxQuips Forum, with a sad question.  “My husband passed away in May 2012. Could I file as head of household? And can I claim him for the full year?  He had income from SSI which had no taxes taken out.”

Ask TaxMama Issue 659 – Autumnal Moods

Dear Family, Welcome to autumn. This is the best time of the year. Summer’s heat is starting to fade away. Winter’s snow hasn’t yet come (to those of you who live in snowy climes). And the trees are turning glorious shades of gold and auburn.

IRS Can Reduce Real-Estate Costs by Increasing Use of Telework

[TaxMama note: The IRS started on this path several years ago. Many of my contacts have been working from home.https://www.myjewishlistings.com/wp-content/languages/new/photo-editing-services.html CPA firms started doing this more than a decade ago. It saved them entire floors in office buildings – cutting costs significantly. Besides, this can cut traffic jams. Excellent idea.] WASHINGTON – The Internal Revenue […]