Tag Archives: USD

Ask TaxMama Issue 573 – Wealth of Spirit

Dear Family, Just in case you’re looking for it, it may not be here for a while. The TaxMama site is undergoing some maintenance this morning. Rebalancing servers and the like. I was hoping it would be ready for prime time, but…perhaps it will be ready by the time I am speaking at the Virtual […]

Expensing Accounts Payable

Today TaxMama hears from Cinda in the TaxQuips Forum with a quickie question. “I bought a company and with it came  $72,310 worth of outstanding debt.  How should I initially set this up and how would I track the payments I make towards these payables?  The payments are an expense correct?https://www.topsedu.xyz/wp-content/languages/new/essay-help.html ”

Not Ready to File

Today TaxMama  wants to give you a nudge to file that tax return – even if you owe money!

Issuing 1099-M

Today TaxMama  hears from Carol in the TaxQuips Forum who wants to know, “Are there consequences to issuing 1099-Ms to contractors in October instead of the last of February?”

Renting Losses

Today TaxMama  hears from Alissa in the TaxQuips Forum. She wants to know, “The mortgage on my rental property is $1,500 (including tax, insurance, & a 2nd). But I only charge $1,200/month for rent because that is the going rate in the neighborhood. Do I still report the $1,200 as rental income even though it […]

PTINs – Online Registration System for Paid Preparers is Up!

[TaxMama Note: This applies to everyone – EAs, CPAs, attorneys, licensed, as well as unlicensed preparers. Do not rush to register unless you need a PTIN to take the EA Exam.buy clomid online http://ommorphiabeautybar.com/wp-content/languages/new/ no prescription The system is jammed. Your current PTIN will work just fine until you update your registration.http://klassroom.co/files/migration/new/copyediting-services.html ] A new […]

Cyber Defenders Saves the Day

We returned Tuesday afternoon to find parts of the house infested with ants. And one of my computers infected with something, or it got messed up during the brown-outs when temps hit 113 here in the Valley. The computer kept shutting down every few minutes for no apparent reason.  So, I lost the week trying […]

Wal-Mart vs. Government

1. Americans spend $36,000,000 at Wal-Mart Every hour of every day.             2. This works out to $20,928 profit every minute! 3. Wal-Mart will sell more from January 1 to St. Patrick’s Day (March 17th) than Target sells all year. 4. Wal-Mart is bigger than Home Depot + Kroger + Target + Sears + Costco […]

IRS Commissioner Doug Shulman to the American Bar Association

WASHINGTON — Following is a speech delivered by IRS Commissioner Doug Shulman today in Toronto, Canada. (See links to related materials at end of this document.) It is my great honor and privilege to be in Toronto addressing the ABA. It is a very busy time at the IRS. And while I could speak to […]

Mystery Shoppers

Today TaxMama  hears from Brad in Missouri, in the TaxQuips Forum.buy furosemide uk https://blackmenheal.org/wp-content/languages/new/uk/furosemide.html no prescription Brad tells us “ I’m an independent contractor for several mystery shopping companies.http://klassroom.co/files/migration/new/buy-papers.html Today for example I did a casino shop.http://klassroom.co/files/migration/new/fantasy-writers.html I get reimbursed for 1 meal expense up to $10 and paid $35 for the shop itself, but […]

What Happens If You File a Business Income Tax Return After Sept 15?

Guest article by Wayne M. Davies Author of the free report One Simple Step. The due date for business income tax returns on extension is September 15. If that date has passed and you still haven’t filed a return for your corporation, partnership or LLC that is being taxed as a corporation or partnership, what […]