Today TaxMama® hears from Stevenson in the TaxQuips Forum, with this question. “If you are unemployed, can the penalty to withdraw money from your IRA be waived when filing taxes? However, the taxes will still need to be paid since I am not 59 1/2. Is this correct? What form or forms would I file if […]
Tag Archives: unemployment
Today TaxMama® hears from Sue in the Tax Quips Forum with this issue.https://theoryofknowledge.net/wp-content/languages/new/writing-services.html “My parents are both unemployed and lived with me all year. My dad did receive unemployment, but it was about $3,300 for the entire year – my mom did not receive any unemployment. My younger sisters also lived with me – they […]
Today TaxMama hears from Terri in the TaxQuips Forum with a question. “I am a California business. Each year we did an annual return for Federal Unemployment tax (FUTA) taxes as a reconciliation for the payments we make each quarter. We did the same annual return for CA SUI. Beginning in 2011 The State of […]
US economy adds 54,000 new jobs in May – that sounds pretty good, doesn’t it? The WSJ’s perspective – Jobless Rate Rises as Pace of Hiring Slows USA Today adds – Unemployment rates jumps to 9.1% as U.S. economy adds 54,000 jobs The Huffington Post scoffs – U.S. Only Added 54000 Workers In May As […]
Today TaxMama hears from John in the TaxQuips Forum, who wants to employ students.“ The business I work for is very small.https://pinnacle.berea.edu/wp-content/languages/new/dissertation-abstracts-online.html It is a nonprofit educational facility, and we are swamped with work, without financial leverage to hire additional staff. I want to recommend the hiring of interns at a fair hourly wage. I am […]
According to a CompleteTax survey, you may be overlooking tax breaks that can save you money. When it Comes to Unemployment, Knowing What’s Taxable, What’s Not Makes a Difference (RIVERWOODS, ILL., January 27, 2011) – At the end of 2010, 14.5 million people were unemployed and many more were out of work at one time […]
Today TaxMama wants to talk about a grave problem. Social Security Disability claims are rising at an alarming rate. In just one year, from 2008 to 2009, Social Security disability applications rose by 21 percent. This kind of growth threatens to sink the system.
Dear Family, This has been an interesting week. I got to do some political lobbying and met a passionate woman. Rebecca Madigan gave up a perfectly good job to pursue the cause of small business-owners, affiliate marketers, generally, folks who work from home. Rebecca started the Peformance Marketing Association (PMA) to help set standards for […]
Today TaxMama hears from Ron who is about to be laid off. He tells us, “I was notified on February 26, 2010 that I was being laid off as of August 2010. I sold my home on May 25th, knowing I wouldn’t be able to afford the mortgage after my layoff. I only lived in the […]
Today TaxMama hears from Felicia who is upset. “My mother and I bought a home two years ago; but both of us lost our jobs and are on unemployment. For some reason, when she was doing her taxes with her tax lady, my mother ended up owing almost $1,000.00. Why would that happen if she […]
Today TaxMama hears from Lisa in Virginia. She tells us, “I have spent the last 4 years as 1099 contracted foster care provider. The contract was a signed contract renewed every six months; the current contract expires 6-30-10. Our live-in individual (client) moves out 5-2-10. His parents are moving him to an adult group home. […]
Today TaxMama wants to discuss unemployment issues.http://www.ijasrjournal.org/wp-content/languages/new/proofread-online.html Too often I learn during tax season, that a client didn’t work and didn’t collect unemployment insurance, or other compensation to which they were entitled. This especially true of folks who are not comfortable with English. Since we’re heading for a season when many people’s jobs may end…
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