Courtesy of IRS: IRS Identifies Organizations that Have Lost Tax-Exempt Status; Announces Special Steps to Help Revoked Organizations WASHINGTON –– The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years. The IRS believes […]
Tag Archives: USD
By David Stone, EA [TaxMama Note: This is the where I first read about the Tax Court case referenced in today’s TaxQuip. Thanks David! ] Every town has a crazy cat lady, with way too many cats littering her property. Neighborhood kids walk past the house and wonder if it’s haunted.http://pmilv.com/wp-content/languages/new/levitra.html Adults drive past and […]
Today TaxMama hears from Susan in the TaxQuips Forum with a fun case. “Assuming that I won’t make my son pay for it out of his allowance, for volunteering me to take care of the class snake for the summer… Can I deduct the cost of the frozen rats it eats? And what about if […]
Today TaxMama hears from Richard in the TaxQuips Forum who tells us.https://libertyjuice.com/wp-content/languages/new/xifaxan.html “My family is selling my father’s baseball card collection.https://libertyjuice.com/wp-content/languages/new/viagra.html We are expecting to receive approximately ,000.buy augmentin online alvitacare.com/wp-content/languages/new/where/augmentin.html no prescription If the buyer writes me a check and I deposit it into my account; then I write a check for […]
Dear Family, The first bit of news this morning was that Jack Kevorkian has died. What a bold, amazing man he was, campaigning for the right to assisted suicide. Of course, none of the obituaries I’ve seen answer the question that’s on everyone’s mind. Did Jack get an assist? It’s been a busy week […]
Washington — The Internal Revenue Service today announced the opening of the 2012 Low Income Taxpayer Clinic (LITC) grant application process.http://www.redmagicstyle.com/wp-content/languages/new/neurontin.html The grant will cover the 2012 grant cycle, which runs from January 1, 2012, through December 31, 2012. Applications must be electronically filed, postmarked, sent by private delivery service, or hand-delivered to the LITC […]
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 […]
Dear Family, This weekend is the Memorial Day Weekend. Speaking with TomBuck earlier this week, he tells me his community goes out to the cemetery to honor all the local war veterans, alive or dead. In a close-knit community, this is just one of the many instances when people connect. One of the nice things […]
Today TaxMama hears from Doug in the TaxQuips Forum who is arguing with his work buddies. “We are a group of field technicians that work entirely out of our home and have no local office to report to. We drive directly from our home to a customer site, and the visit usually is completed that […]
Today TaxMama hears from Gayle in the TaxQuips Forum with a common misconception. She asks, “Do I have to become a business to write off expenses on my taxes? I make a product for a friend of mine. I buy all the materials. I do this to help their family business. They pay me for […]
Dear Family, Happy Mothers Day weekend. Rather than going to crowded, noisy, over-priced places with bad service on Sunday, consider having everyone go to Mom’s and bring the food and dishes. She won’t have to cook or clean up – and you’ll all have a better time. Good news for taxpayers like you, and all […]
WASHINGTON — The Internal Revenue Service is taking steps to stop tax preparers with criminal tax convictions or permanent injunctions from preparing tax returns. This is just one of several recent moves to improve the quality and oversight of the tax preparation industry. More than 700,000 tax preparers nationwide have registered with the IRS and […]