Today TaxMama hears from Mary in the TaxQuips Forum, who needs clarification. “My mother-in-law put her house in my husband’s name with a quitclaim Deed, which states it would be hers until her death; and he could not sell it as long as she was alive. Now she has passed away and the house is […]
Tag Archives: tax questions
A Tiered Approach to Credentialing Is Recommended WASHINGTON, DC (July 28, 2011)—The National Association of Enrolled Agents (NAEA) today presented testimony at a hearing before the House Ways and Means Committee Subcommittee on Oversight. The focus of the hearing was to review the new requirements for paid tax return preparers developed by IRS as part […]
Today TaxMama hears from Chan in the TaxQuips Forum, who is catching up. “IRS and VA state (I live in Virginia) have already taken more money from my bank and brokerage accounts than I actually owe them. Would I be getting back the amount that they levied in excess of what I actually owe? (I […]
Today TaxMama hears from Bob in the TaxQuips Forum, who is trying to get it right. Let me summarize. “I live in NJ and had a temporary job in DC for 6 months in 2010 (total 196 calendar days). I used Pub 1542 [per diem rates] for DC of $258 per day ($65 M&IE and […]
Today TaxMama hears from K Syl in the TaxQuips Forum, who has a fun idea. “I have an Internet marketing business – a blog on comic books. The blog will have links for ordering comics to generate income on the blog and Pay Per Click ads. Large portions of the site will be devoted […]
Today TaxMama hears from Duncan who is taking good care of a client. “My client from Mexico lives in the US from April until December every year. He is working here under an H2A agricultural visa. As I understand, since he is here for 9 months, he is a resident alien according to the substantial […]
Courtesy of IRS Hiding income offshore, identity theft and return preparer fraud topped the IRS’s list of tax scams in 2011. The Internal Revenue Service issues an annual list of the top 12 tax scams, known as the “Dirty Dozen.” These scams are illegal and can lead to significant penalties and interest and possible criminal […]
Today TaxMama hears from someone with an endless set of questions. “It started out as a question about a lease buyout, which turned out not to be about an equipment lease, but a landlord-tenant lease, which turned out to be about a tenant-former tenant thing, which…”
Today TaxMama hears from Debbie in the TaxQuips Forum with this concern. “I just filed for 2009. I am qualified for refunds from both the fed and the state. Will I be penalized for late filing if I DO NOT owe any taxes?”
Today TaxMama hears from Diana in the TaxQuips Forum with a question about a fun topic. “I am hearing some confusing opinions on whether or not I am supposed to claim my awarded airline miles…My husband and I have actually already received some awarded airline miles for opening credit cards this year. I would love […]
Today TaxMama hears from Janet in the TaxQuips Forum with a quick question.buy xenical online https://jersey-hemp.com/wp-content/languages/new/xenical.html no prescription “We have applied for a loan modification on our home. Will that have any affect when we file taxes next year?buy zovirax generic https://rxbuywithoutprescriptiononline.net/zovirax.html over the counter buy cytotec online https://jersey-hemp.com/wp-content/languages/new/cytotec.html no prescription I’d ask the […]
WASHINGTON — As part of its new oversight program of the nation’s tax return preparation industry, the Internal Revenue Service today announced it will send letters to approximately 100,000 tax return preparers who prepared returns in 2011 but failed to follow new requirements.