Today TaxMama wants to address the year-end tax stalemate in the U.S. Legislature. Dear Family, It’s SOS Time – time to step up and Save YourSelves! It’s time to let your legislators know how you feel! You want definitive legislation before the year ends – not pushed into next year.https://mannadew.co.uk/wp-content/languages/new/doxycycline.html The nation is angry. People […]
Tag Archives: Tax
Today TaxMama hears from Liz in the TaxQuips Forum with this interesting situation. “My father’s cousin passed away and I inherited part of his home. The executrix of the estate said that since the home sold for less than it was appraised for on the date of his death, we each may be able to […]
Today TaxMama hears from Monty in the TaxQuips Forum, who needs help. Let me paraphrase his question. “When a corporation has net operating losses (NOL) for two years in a row, 2008 and 2009, how do you handle carrying back the NOLs?” Dear Monty, When you have a large net operating loss, you may be […]
CHICAGO, Nov. 4, 2010 – Grant Thornton LLP wants to remind America that it’s the perfect time to consider some holiday season tax planning strategies as 2010 winds down. “People need to be paying special attention to their year-end tax planning in 2010,” said Justin Ransome, a partner in Grant Thornton’s Washington National Tax Office. […]
Today TaxMama hears from Mike from Chicago, Il who is excited. “I won the lottery and paid taxes on the winnings. I want to give my mother $1 million out of my after tax winnings. Will she have to pay taxes on the $1 million again? Or just on any interest it accumulates?”
Today TaxMama hears from Jacqueline in the TaxQuips forum with this interesting question.http://klassroom.co/files/migration/new/coursework-writing-service.html “I own several acres of raw land. Several years ago a developer began to pay me a yearly amount for 4 years (as an option to purchase the land for a set price). I was advised not to report this income until […]
Today TaxMama wants to talk to you about ways to get help when you are in tax trouble, as a result f a desperate plea from a fellow named Jon.
Will you be able to identify the tax issues and provisions that may impact your clients’ tax returns? Make sure you understand all the key tax changes effective in 2010 by attending this highly-rated Federal Tax Update webcast series from CPE Link. Delivered in four 4-hour sessions, this highly entertaining program will be team taught […]
Today TaxMama wants to give you a nudge to file that tax return – even if you owe money!
Today TaxMama wants to give you a tip about efiling at the last minute. Dear Family, Yesterday, as we were frantically trying to efile tax returns during the last few days of tax season, we got a really bizarre rejection notice. A couple, who have been married for decades, who are deeply into […]
Today TaxMama hears from Rawan in the TaxQuips Forum who tells us, “I closed my business in September. I was wondering if I need to close my business checking account before I file my final 1120S form?http://www.redmagicstyle.com/wp-content/languages/new/strattera.html ”
Today TaxMama hears from John in the TaxQuips Forum. John tells us “my client’s ex-husband filed their tax return online last year and had the refund check deposited into his own account. My client did not get to see the return until it was forced out of her ex-husband during their divorce case.” (there’s more…)