Tag Archives: tax jokes

IRS Takes Confidentiality Seriously

We’ve been talking about IRS whistleblowers lately. One of the features of the program is that it is meant to provide anonymity to the whistleblower. Otherwise, that person could potentially face serious physical and financial harm. Well, it doesn’t always work that way. Sometimes, you run into a corrupt government official seeing a way to […]

Wisdom That Comes With Adulthood

A dozen bits of wisdom 1) Raising teenagers is like nailing Jell-O to a tree. 2) There is always a lot to be thankful for if you take the time to look.  For Example: I’m sitting here thinking how nice it is that wrinkles don’t hurt.

Undercover Mystery Shopper Income

Today TaxMama® hears from Cassandra in the TaxQuips Forum, who really IS a Mystery Shopper. “I am a mystery shopper and work for 30+ different companies. To some, I give my Social Security number – to others my EIN. Do I need to report the income I earned for the companies I supplied my EIN […]

Half of Volunteer Prepared Returns Were Incorrect

Courtesy of NAEA – www.naea.org                                                    A TIGTA  audit, which hit email boxes in DC this week, makes for interesting reading. On the plus side, the new accuracy rate is far higher than the accuracy rate TIGTA measured during the 2011 filing season (39 percent). On the down side, half of returns in the study […]

Final Decision on Your Ultimate 2013 Tax Obligations?

Courtesy of CCH, a Wolters Kluwer Co. (RIVERWOODS ILL., September 14, 2012) – Taxpayers recovering from the current economic downturn will get at least some relief in 2013 by way of the mandatory upward inflation-adjustments called for under the tax code, according to CCH, a Wolters Kluwer business, a leading global provider of tax, accounting […]

Word Play for Whistleblowers

Here are some anagrams that someone came up with – that person was either exceptionally clever or has far to much time to waste or is deadly at Scrabble. Whistleblower When you rearrange the letters: Who blew ‘er List

Irrevocable Trust

Today TaxMama® hears from RG in the TaxQuips Forum with an oxymoron. “Can an irrevocable living trust be changed by the person that created it?” 

Penny Wise Pound Foolish

Today TaxMama® hears from Kyong in the TaxQuips Forum with a sad question. “Nov 15, 2011 was the last day to file a tax court petition. The Tax Court petition was filed using Fedex Saver, which is not one of the designated private delivery services listed under IRC sec. 7502. I have a proof of […]

Ask TaxMama Issue 657 – Sweet Safe New Year

Dear Family,  Whew…OK, I am all caught up, at the moment, on answering all questions in the TaxQuips Forum, from students, from clients and everyone. We have finished all tax returns – except the one person who is THE annual straggler. So perhaps it’s time to focus on family and friends and the New Year […]

Democracy at Work?

So it seems that these four rabbis had a series of theological arguments, and three were always in accord against the fourth. One day, the odd rabbi out, after the usual “3 to 1, majority rules” statement that signified that he had lost again, decided to appeal to a higher authority.

Tax Exempt Rentals

Today TaxMama® hears from Grace in the TaxQuips Forum with an interesting question. “I understand that if you rent/lease your home for production filming for 14 days or less, then that income you earn is “exempt” from California and Federal taxes. Although a 1099 will still be issued by the filming company, on our taxes […]