Today TaxMama hears from Emilia in the TaxQuips Forum with an interesting situation. Emilia and her husband are US citizens working in Peru.https://alvitacare.com/wp-content/languages/new/wellbutrin.html Her husband is taking a temporary assignment in Mexico – and needs to prepare a Form 8802.https://alvitacare.com/wp-content/languages/new/ivermectin.html They are confused about some of the rules – and IRS does not offer clear […]
Tag Archives: TaxMama
Today TaxMama hears from Billie in the TaxQuips Forum who’s getting conflicting information.http://pmilv.com/wp-content/languages/new/prelone.html “In 2010 there was this nice ‘deferment’ one could take advantage of when converting a traditional IRA to a ROTH.http://pmilv.com/wp-content/languages/new/doxycycline.html By doing that in 2010, you could postpone half of the taxes due to 2011 and the other half to 2012. My […]
Hi Eva, I was hoping that you could point me towards a place where I could learn more about incorporating small business’s. For a couple of years I’ve been sending people to lawyers to get incorporated and I’m tired of it. I incorporated my own business and my husband’s so I have a pretty good idea of […]
Today TaxMama hears from Anthony in the TaxQuips Forum with a common problem. “I have a client who stopped working at 81 because he had a stroke and had to go into a nursing home. He had a Sec. 457 plan, which allowed him to put off taking distributions until he terminated employment. But he was […]
Today TaxMama hears from Linda in the TaxQuips Forum who is helping her daughter.https://www.parkviewortho.com/wp-content/languages/new/amitriptyline.html (You can read about the whole mess here.) In short, through some amazing incompetence on the part of her daughter’s employer, her daughter is now facing tax debt she does not owe – and possibly credit problems, too. How can this […]
This time of year, everyone has lots of questions about the IRS Special Enrollment Examination. That’s why I hold a session – and record it – to explain the most important aspects of the Exam, and what you need to know if you’re going to be studying to become an Enrolled Agent. If you missed […]
Courtesy of IRS Now that the federal income tax filing deadline is in your rear-view mirror, what happens after you file? A lot of taxpayers have post tax-filing questions such as what records do I keep and more importantly, “Where’s my Refund?” The IRS has answers for you below.
When I was poor and working my way though college at night, I got low-paying, part-time jobs, doing bookkeeping, writing by hand, into a journal and ledgers. I worked forty hours a week, had time to get two college degrees. And still had my weekends free. I owned a house, had savings and a car, free and […]
Today TaxMama hears from Ed in the TaxQuips Forum who wants to know. “Can I still deduct my expenses on a rental house which sat vacant for 2010 on Schedule E?”
Today TaxMama hears from Magdalena in the TaxQuips Forum with a puzzler. “I would like to know if I can take the Health Savings Account Deduction on my 1040 if I’m a S-corp owner?”
Over the weekend TaxMama heard from lots of people in the TaxQuips Forum with a variety of questions. Either I, or Team TaxMama has answered them all! Well, my friends, We are approaching the final countdown. I have finished all my clients’ tax returns, or prepared their extensions. I have answered thousands of […]
Public Comment Invited on Recommendations for 2011-2012 Guidance Priority List IRS Notice 2011-39 The Department of Treasury and Internal Revenue Service invite public comment on recommendations for items that should be included on the 2011-2012 Guidance Priority List.