Dear Family, Can you believe it. This is the 650th issue. Ask TaxMama has been running for 12 ½ years. We’ve answered thousands of questions; solved innumerable tax problems; saved people millions of tax dollars over the years – and even improved the federal tax administration system and the tax profession a tiny bit. The […]
Tag Archives: Who wants to be a millionaire
Dear Family, Happy Friday the 13th! It will be a nice day – I’ll make sure of it. Since, it is my husband’s birthday. So, I’ll be devising delightfully cute ways to torment him. (His personal preference is to hide under the bed on his birthday…so anything I do to get him out from under […]
Today Jay from Tampa, FL says, “In October, I won $125k as a contestant on “Who wants to be a Millionaire”. In Jan, I sent an Estimated tax payment to cover the tax on the additional income. Now I’ve been notified by the IRS that I’m being assessed a penalty because I did not make […]