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 […]
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Dear Family, This morning has been filled with last-minute work, finalizing articles for MarketWatch and the AccountingWeb.com blog, responding to students and clients – and messing with interface for the newsletter (I could scream!) And the time has rushed by. I need to run out for appointments, so today’s issue will be brief. We have […]
Dear Family, Happy April Fool’s Day! This morning I read a CNN story about a family with a $54,000 tax refund. The H&R Block office was apparently so surprised that they repeatedly recomputed the tax return to see if there was a mistake. There wasn’t. And this is not an April Fool’s Prank! It turns […]
Today TaxMama hears from Robert in the TaxQuips Forum, with a painful issue.buy aciphex generic andnewbloonline.com over the counter “I am considering working with a company that will hopefully negotiate my debt. It will involve stopping payments to creditors and turning negotiations over to a law firm with a limited power of attorney. I need […]
Dear Family, What a shock! My publisher just sent me a note congratulating me. My book just won the Silver Medal in the Axiom Business Book Awards – Business Reference Category. WOW! I didn’t even know. Sheesh…you mean all those people who’ve been reading the book and using it – are right? It IS good? […]
Today TaxMama hears from Ryan in the TaxQuips Forum, who recently got a shock. “My wife and I purchased and ran small business about 3 years ago for a period of exactly 6 months.https://redemperorcbd.com/wp-content/languages/new/amitriptyline.html We decided to give the business back to the owner we bought it from because we could no longer afford to […]
Today TaxMama hears from Angela in the TaxQuips Forum, who did something clever “When my children were born I paid for a service to have their umbilical cord blood stored (stem cells). We pay a yearly storage fee (about 0), and have not been able to use our Flexible Savings Account for it in the […]
Today TaxMama hears from Charmaigne in the TaxQuips Forum, with a reasonable issue. “My son turned 26 in November of 2010 and has been out of work for over a year. He lives with me and I have supported him in every way, medical bills, dental bills, auto insurance, food, clothes, etc. Is there a […]
WASHINGTON — In its latest effort to help struggling taxpayers, the Internal Revenue Service today announced a series of new steps to help people get a fresh start with their tax liabilities. The goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers. Specifically, the IRS is […]
Today TaxMama hears from Elizabeth in the TaxQuips Forum, with a sad problem. “Can a loss on deposits be deducted on Schedule A or form 4684? I researched the IRS website and it is allowable.https://lightsailed.com/homeschool/wp-content/languages/new/writers-help.html But what if the amount is more than ,000 for the entire loss?https://lightsailed.com/homeschool/wp-content/languages/new/website-that-writes-essays.html Can you deduct $20,000 each year until […]
WASHINGTON – The Internal Revenue Service (IRS) should strengthen its controls over its investigative equipment to prevent waste and loss, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA). The IRS’s Criminal Investigation (CI) Division has nearly 44,000 pieces of investigative equipment ranging from cars and badges to […]
Courtesy of IRS WASHINGTON — Almost 19 million tax returns have been filed with the IRS from home computers so far this year, an increase of almost 6 percent compared to the number of returns from the same time last year. IRS reminds taxpayers that everyone can use Free File to prepare and e-file their […]