Ask TaxMama Issue 614 – Sky s the Limit


Dear Family, 

While I was working on today’s newsletter, a stunning bit of news crossed my desk. Rob Nance, who founded is exiting. The CEO of Sift Media, his parent company, said some wonderful things about Rob’s accomplishments. But, that won’t make up for Rob’s not being there. At least not for me. Rob Nance has been a mentor and friend to a great many of us nerdy accountants and tax pros. He has pushed us to write and teach – and encouraged us when we were discouraged. Yes, sometimes that even happens to TaxMamas. Rob doesn’t even know the impact he has had on the many people whose live he’s touched.

When things wind down, Rob will inevitably be looking for work again. Whoever ends up hiring him will be very fortunate. I am looking forward to see what new adventures he has. Especially since he always includes all of us. Thanks ROB!

Speaking of inspiration, today is the anniversary of the 50s TV series Sky King. That was the first time I saw a girl (quite a bit older than me at the time, but still a girl) doing things guys do. Seeing a girl like Penny meant a lot. She was actively working on the ranch – and flying an airplane. (In the 50s???) Being the only girl in a family of boys, naturally, I emulated the boys and expected to be permitted to do all the things they did. It always took me aback, in each instance that I came up against limits on what girls were permitted to do – when it was clear we were perfectly able to do the same things. Sometimes, even better. (grin)

You probably don’t even know what I am talking about today.  This country has come so far beyond that mindset, due to the battles fought by some powerful (and perhaps unpopular, or controversial) women. My childhood was shaped by those prejudices. I am so glad your life is not.

In IRS News today, IRS has extended the time to file returns and reports for the estates of people who died in 2010. David and Mary Mellem explains the generous provisions related to employee cell phone usage

In today’s Money Funnies & Inspiration, we learn how to economize on nursing home costs – and to even make the experience much more fun!

A Week of TaxMama’s TaxQuips  

Another Deadline  Today TaxMama wants to talk to you about filing deadlines and the consequences of ignoring them.  Dear Friends, Today is another of those tiresome deadlines. I’ve just come to realize that not everyone who is affected, understands the implications. So… If you opened up an LLC, partnership, corporation, etc. in 2010 and have not finalized […] Read the full article →

Land and Lot Today TaxMama hears from Mark in the TaxQuips Forum, who got denied – again. Let me summarize – Mark bought land in March of 2009. Bought a manufactured home in April of 2010 – and had the property graded, receiving the occupancy permit by June of 2010 – before the deadline for the First Time […] Read the full article →

Putting Life on Hold    Today TaxMama hears from Kris in the TaxQuips Forum, with a long story. Let me summarize. Her boyfriend is behind on filing personal and payroll tax returns. He tried to get help from an accountant who may have overcharged him, and did not complete the work because he couldn’t pay the bill. They want […] Read the full article →

Residence or Travel Today TaxMama hears from Susan in the TaxQuips Forum, with this issue. “We have a rental property that we want to re-establish residency in for the 2 year period without selling our current home we live in. I have to go back to work near the rental property so it is my plan to stay […] Read the full article →

Small Business Taxes Made Easy

The new, award-winning Small Business Taxes Made Easy is getting lots of attention.  Andrew collected some of the reviews and awards generated by this book.        

This week’s question for you – How can your business you write off the entire cost of your family’s medical care, including health insurance? 

Read Chapter 10 of Small Business Taxes Made Easy to learn the secret.  

TaxMama’s Registered Tax Return Preparer Exam Review Class

TaxMama has an 8-hour course designed to help you pass this exam if you feel you need one. However, I advise you to take the exam without paying for any course at all, first. Then, if you still have trouble – come to me! I am customizing key parts of the EA Exam Part 1 course, just for you! Price will be only $99. The live, online course will run two hours per morning, from Nov 1 – Nov 4. It will be recorded, so you can learn it as a self-study course, as well. Reserve your spot NOW! ]

TaxMama’s EA Exam Review Class 

Do you want to know more about the IRS Special Enrollment Examination? Please replay Everything you Ever Wanted to Know about the EA Exam. 

This week, TaxMama’s students learned all audits. 

Learn more about Taxmama’s EA Exam Review Course

Here’s what one student just said about this class:

I must say this is by far the best tax class I have ever taken! Every penny was worth it!! You go through such efforts to make sure we understand what we’re doing and make the busiest days of our tax lives easier and comforting if we’re lost and need direction. I’m very happy to be apart of your class! 

Ilknur D. 

There is still time to sign up for TaxMama’s EA Exam Review Course.  

There is a Family Member discount of 10%. 

CPE-Link – The IRS Practice Series is now a Self-Study course – or a do it yourself course!  

New classes coming soon:  

Nov 10            11:00am-1:00pm (Pacific)     How Innocent is Your Spouse?   

Nov 16            9:00am-11:00am (Pacific)     Top 10 Tax Changes for 2011Filing 

Dec 14            9:00am-11:00am (Pacific)     Top 10 Tax Changes for 2011Filing 

Jan 13, 2012   9:00am-11:00am (Pacific)     Top 10 Tax Changes for 2011 Filing  

Incidentally, if there is anything else you’d like to learn more about, please let me know. We’ll develop the classes for you.  

TaxMama Interviews

The ABA Journal and US News and World Reports…well, those won’t appear for a few more weeks.

The Los Angeles Times in Liz Weston’s column – about renting out your home.

TaxMama Writing:

This week’s Equifax article is  – The Tax Effects of School Supplies and Courses Blog – watch for review of a new book, In For a Pounding by Donald Jay Korn. Another Anderson Crown mystery story

MarketWatch is –  Do you know your taxpayer rights? Take this quiz

 You can find daily TaxQuips into YouTube videos

As always, we love your feedback, opinions and ideas.

You are what makes all this fun – and interesting! 

Please use the Comments link online.                              

TaxNerd gear makes a bold statement year-round.

Hugs from your favorite TaxNerd,*

 Eva Rosenberg, EA

Your TaxMama®  





  • 09/30/2011 Last day to establish SIMPLE plans for current year
  • 09/30/2011 Time for businesses to consider setting up retirement plans
  • 10/17/2011 Personal Returns due – Nonresident, US income, etc.FINAL DEADLINE
  • 10/17/2011 Personal Returns due – Easy – Final Deadline
  • 10/17/2011 Personal Returns due – Not Itemizing – Final Deadline
  • 10/17/2011 Deadline for Schedule C filer to fund SEP-IRAs for previous year.
  • 10/17/2011 Net Operating Loss – Eligible Small Business carry back loss
  • 10/17/2011 US Gift and Generation-Skipping Transfer Tax Return – Final Deadline
  • 10/17/2011 Employers Make Monthly Payroll tax deposit on the 15th of each month
  • 10/17/2011 Employers File Annual Return for Employee Benefits Plan 5500
  • 10/17/2011 Employers File Annual Return for Employee Benefits Plan 5500-EZ
  • 10/31/2011 3rd Quarter Payroll Taxes Due
  • 10/31/2011 Employer’s Deposit Federal Unemployment (FUTA)
  • 10/31/2011 3rd Quarter Federal Excise Tax Return & Payment Voucher – Form 720



From TaxMama® to You!



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Take TaxMama®’s 2011 EA Exam Review Class  


Last night, TaxMama’s students learned all about Partnerships

Tomorrow, we’re going to learn all about Corporations and S Corps.

We had great fun getting insights into Partnerships this past week.

There is still time to sign up for TaxMama’s EA Exam Review Course.  


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