Tag Archives: tax humor

Soap and Water

In honor of the Easter Dinner and Passover Seder, we present… A minister was asked to Easter dinner by one of his parishioners who he knew as being an unkempt housekeeper. When he sat down at the table, he noticed that the  dishes were the dirtiest that he had ever seen in his life.

THE Ultimate Tax Nerds of 2012!

Taxes are terrifying to so many people. But the fact is, some of us just find the whole subject irresistible. We talk about taxes; think of ways to reduce taxes; dream of loopholes; are compelled to help others find tax breaks; and love to read all about the nuances and changes. WE are the Tax […]

Charity for Dying Man

Today TaxMama® hears from Jenenne in the TaxQuips Forum with this sad story. “At my husbands job they just found out that a fellow employee has been given 3-5 months left to live. The doctors say nothing can be done for him. Everyone is scrambling trying to get some money together for him to be […]

Life Moves Checklist

Today TaxMama® hears from Michelle in the TaxQuips Forum who suggested this idea. “I’ve noticed recently that you’ve advised people to check with their tax pro before consummating major transactions stemming from big life moves. I discovered that April is National Financial Literacy Month. This would be an excellent platform to share more and/or updated […]

Net Operating Losses

Today TaxMama® hears from several people in the TaxQuips Forum about this topic. “Net Operating Losses have some special qualities that make them very desirable for tax purposes – even if they result from disasters in an economic sense. It’s important to understand how to use them, or you can waste them.”

Excess 401k Contributions

Today TaxMama® hears from Geri in the TaxQuips Forum with this interesting question. “I had two jobs this year. Job 1, I put in the maximum of $16,500 in my 401(k); then in job 2, I put in an additional $6,000. I am under 50 years of age. I now realize I put in more […]

Ask TaxMama Issue 636 – Womens Week

Dear Family, It’s already been a very busy morning – and I have to run out for an appointment. So my comments will be brief. Thanks a ton to all the people who challenged my advice this week. You did a wonderful job researching capitalizing assets vs. writing them off; proved that under-18 newspaper carriers […]

Tax Refunds May Be Applied to Offset Certain Debts

Courtesy of IRS Past due financial obligations can affect your current federal tax refund. The Department of Treasury’s Financial Management Service, which issues IRS tax refunds, can use part or all of your federal tax refund to satisfy certain unpaid debts. Here are eight important facts the IRS wants you to know about tax refund […]

Winners – Sixth Week – TaxMama’s Ultimate Tax Nerd Contest

It’s Ladies week! The Sixth weeklywinners in TaxMama’s search for the Ultimate Tax Nerd of 2012 are: Melissa Guy for  The Taxorcist Sherry Diamond for  Office birds  

You’ve had too much Quality Assurance when…

1. You ask what the Cafeteria’s core competencies are. 2. You decide to reorganize your family into a “team-based organization.” 3. You consider dating as test marketing.

Bought a House

Today TaxMama® hears from Atomicar in the TaxQuips Forum with this question. “We bought a house in December 2011 and moved in first day of 2012. What expenses can we deduct? (I know we can’t deduct house hunting or moving expenses.).”

US Virgin Islands Taxes

Today TaxMama® hears from Pat in the TaxQuips Forum with a quickie question. “Are income taxes paid to the Virgin Islands deductible as state taxes? VI taxes are governed by the Internal Revenue Code so it doesn’t seem logical they’d be deductible, as federal taxes generally aren’t. In addition, the U.S. Virgin Islands aren’t a […]