Tag Archives: Tax return

Claiming my Parents

Today TaxMama hears from April in California, who’s done some research. “I’d like to include my parents as qualifying dependents on my 2009 personal tax return (single).buy amitriptyline online www.pharmalucence.com/wp-content/languages/new/generic/amitriptyline.html no prescription My father has been out of luck in the job market since late 2008, and has been collecting unemployment insurance.buy vibramycin online https://www.mobleymd.com/wp-content/languages/new/vibramycin.html […]

Income From Stocks

Today TaxMama hears from Anna in Oregon, who is worried.buy canada premarin online http://healthinschools.org/wp-content/languages/new/canada/premarin.html no prescription “We received a letter from the IRS. My husband did not file for 2006 and 2007 because he did not make any money from his stock. I did file mine though. In 2008, my husband had a stroke, he […]

Ask TaxMama Issue 515 – Happy Tax-Free Season

Dear Family, Every summer around this time, states all over America offer special tax-free days. These are weeks or weekends when families can buy their back-to-school supplies, and certain other needed merchandise, without having to pay sales taxes. Clicking on today’s graphic will take you to the national list. Just look for your states. On […]

Top Ten Things Every Taxpayer Should Know about Identity Theft

Courtesy of IRS Criminals use many methods to steal personal information from taxpayers. They can use your information to steal your identity and file a tax return in order to receive a refund. Here are ten things the IRS wants you to know about identity theft so you can avoid becoming the victim of a […]

Unpaid Employment Taxes

Today TaxMama hears from Joanna in California with this problem. “ I’m assisting an S-Corp in California that has not filed employment taxes in over 2 years and has accumulated several thousands in back taxes. Once I complete all of their employment tax forms, what is the best course of action to take to set […]

Ask TaxMama Issue 514 – Happy Paperback Anniversary

Dear Family, Since this is the anniversary of the first paperback books, I suppose this is an appropriate time for the shipment that just arrived. We’ve been waiting and waiting to get a certain shipment of paperback books (BIIIG, HEAVY PAPERBACK BOOKS) for our EA Exam students. The publisher finally gotten them from the printer […]

IRS Warns Taxpayers to Beware of First-Time Homebuyer Credit Fraud

Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today announced its first successful prosecution related to fraud involving the first-time homebuyer credit and warned taxpayers to beware of this type of scheme. On Thursday July 23, 2009, a Jacksonville, Fla.-tax preparer, James Otto Price III, pled guilty to falsely claiming the […]

Ask TaxMama Issue 513 – Protect Yourself

Dear Family, It’s been an exhilarating week, with students passing Part I of the EA Exam all over the place! Sad, though, two folks missed by just a tiny margin – 2 points and 5 points. Heartbreaking. So we had an extra workshop last night just to quiz up certain topics that seem to need […]

A Million Bucks

Today TaxMama hears from Jimmy in Georgia, who just got lucky. “If someone gives me $1 million as a one time gift, will I be taxed on the money? If so, how should I receive the gift to eliminate paying taxes on the money? Should I get it in stock, bonds, or in cash? I […]

A Slow Tax Pro

Today TaxMama hears from George in Delaware, with this problem. “What should I do about an accountant that I have used for the first time this year? He has still not completed everything or gotten back to us. I realize that an extension has been filed, but this be the first year we should do […]

Ask TaxMama Issue 512 – To Your Health

Dear Family, Earlier this week Brent Clanton (www.cnn650.com )and I were discussing the proposed batch of tax legislation facing Congress this month. One of the ways the Legislature and President Obama propose to pay for the health insurance and other tax breaks is to tax the ‘rich’ – those earning over $250,000. Sounds like a […]