Tag Archives: Texas

2007 DARWIN AWARD WINNERS!

THE 2007 DARWIN AWARD WINNERS WERE SELECTED FROM 17 NOMINEES: ==================================== What Goes Up Must Come Down (8976 votes) 80% The Enema Within (4252 votes) 80% Support Group (3728 votes) 78% Weight Lift (2191 votes) 78% Stop. Look. Listen. (1763 votes) 77% Beer for Bears (2225 votes) 76% Mole Hunt (5366 votes) 75% A Prop-er […]

IRS and States to Share Employment Tax Examination Results

[Courtesy of the Internal Revenue Service] WASHINGTON — Officials from the Internal Revenue Service and more than two dozen state workforce agencies today announced they have entered into agreements to share the results of employment tax examinations. The agreements, part of the Questionable Employment Tax Practice (QETP) initiative, provide a centralized, uniform means for the […]

EA Exam Review Courses and CPA Courses

Listed below are a few of the thousands of courses listed at our affiliate website, CPATrainingCenter.com. These courses change weekly, so please check back often. Auditing & Attestation Business Environment & Concepts Financial Accounting Regulation Licenses/Designations – Select State –AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDCDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingAlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest […]

Gifting Grandpa

Today TaxMama hears from Robert in Texas who has a generous grandfather. “My 99 year old grandfather who lives in California, sold his residence for $250,000. He wants to gift $100,000 to each of his two daughters and keep $50,000 for himself. Can he gift this amount without triggering tax problems?”

Career Counseling

A new priest, born and raised in Texas, is nervous about hearing confessions, so he asks the older priest to sit in on his first sessions. The new priest hears a couple of confessions, and then the old priest asks him to step out of the confessional for a few suggestions. The old priest suggests, […]

Preparing False Return is Tax Crime Even if Not Sent

By David & Mary Mellem, EAs The issue is whether a tax practitioner can be convicted under §7206(2) for preparing a fraudulent return and presenting it to the taxpayer with the expectation that the taxpayer will file the return or whether the return has to be presented to IRS for processing in order for the […]

Inmate Income

Today TaxMama hears from Karen in the Tax Parlor, who’s curious. “I’m seeing in my tax prep software, a reference to “inmate income”. Is income earned by inmates taxed or handled differently? Just curious.”

Church School

Today TaxMama hears from Ann in Texas who wants to know. ” I am a single mother of two children and they attend private schools. I pay Church fees to my daughter’s school only. This is for Parishoner fees. Can the money that I invest in private schools and Church fees be claimed on my […]

Free Senior Health Care

Since I can’t easily get to the e-mail address with your questions, I thought I’d turn to today’s news. This siutation just got to me. How does this strike you? What do you do if you no longer have a job and your COBRA has run out – and you can’t get or afford new coverage […]

I Notice I Owe

Today TaxMama hears from Lynne in Mansfield, Texas, who says, “I received a notice that payment is owed. Will I be able to file my taxes and have them take the amount out that is owed? And still receive a refund?” ~~~~ Dear Lynne, Well, that must be depressing. I can’t answer you since I […]