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TaxMama® – Free Tax Advice Where Taxes Are FunTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama’s® TaxQuips – Your Tax Money at Work https://taxmama.audioacrobat.com/download/taxmama-Tax-Money-Work.mp3 It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to talk to you about how the IRS is spending some of the money they got from the Inflation Reduction Act         Dear Family, When Congress granted the IRS about $80 billion dollars as part of the Inflation Reduction Act (IRA), I heard a lot of screaming and griping. Especially concerns about more aggressive collections and audit actions. On the other hand, we have all had our complain...2023-08-1000 minTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama’s® TaxQuips Is Your Business a Hobby? https://taxmama.audioacrobat.com/download/taxmama-Business-or-Hobby.mp3   It’s TaxQuips time from TaxMama.com® .   Today TaxMama® wants to talk to you about your business.       Dear Family, We are getting a lot of questions from tax pros and taxpayers about businesses that keep showing losses. Is the IRS going to look at them and disallow them as businesses – treating them like hobbies? First let me explain why this is important from a tax reporting perspective. A business can deduct all its legitimate operating e...2023-05-2500 minTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama’s® TaxQuips Should you Consult a Tax Pro https://taxmama.audioacrobat.com/download/taxmama-Consult-Tax-Pro.mp3   It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to talk to you about some questions people have asked TaxMama® after making major financial moves and ending up with extra taxes – or none of the tax breaks they were counting on.     Dear Family, Well, we’ve survived the April 18th deadline! Many of us are taking a breather. But there is still a lot more work to do. Aside from getting your more complex information to your tax pro...2023-04-2400 minTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama’s® TaxQuips Your Tax Dollars at Workhttps://taxmama.audioacrobat.com/download/taxmama-IRS-Strategic-Plan.mp3   It’s TaxQuips time from TaxMama.com® .   Today TaxMama® wants to talk to you about the new IRS Strategic Plan for using the $80 billon budget effectively – based on feedback they have received .             Dear Family, Last week the IRS released their 150 page strategic plan on how to use their $80 billion allocation over the next 10 years. The plan has 5 objectives: Dramatically improve services to help taxpayers meet their obligations and receive th...2023-04-1000 minTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama’s® TaxQuips Common Errors This Seasonhttps://taxmama.audioacrobat.com/download/taxmama-Common-Errors.mp3   It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to talk to you about errors people have been making in their tax returns this year.             Dear Family, My goodness, it’s already Spring! The first day, here in Southern California is mostly gray, threatening to rain…but not quite making good on the threat beyond a few sprinkles. Tomorrow, expect the deluge. I hope your spring is...2023-03-2100 minTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama’s® TaxQuips Ask First Act Laterhttps://taxmama.audioacrobat.com/download/taxmama-Ask-First-Act-Later.mp3     It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to suggest that you get advice FIRST before making major financial moves.             Dear Family, Let’s start with the big thing this weekend – changing the clocks to Daylight Savings Time. Remember the old adage “Fall back; spring forward.” So that means we set the clocks forward one hour in order to get more daylight at the end of the day. A few US...2023-03-1000 minTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama’s® TaxQuips What is the IRS Doing For You Lately?Listen to the podcast here https://taxmama.audioacrobat.com/download/taxmama-What-IRS-Does4U.mp3 It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to let you know what kind of support you can expect from the IRS this year – if any.                   Dear Family, As you understand so well, since COVID19, it’s gotten harder than ever to reach a live person at the IRS. And especially someone who has enough training a...2023-02-1400 minTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama’s® TaxQuips Important Considerations for Your 2022 Tax Returnhttps://taxmama.audioacrobat.com/download/taxmama-Your-2022-Tax-Return.mp3   It’s TaxQuips time from TaxMama.com® .  Today TaxMama® wants to alert you to issues that will affect your tax return filing, and perhaps tax planning, during 2023                Dear Family, Where does the time go?! Sorry to be posting so late – but the days just seem to flash by. Are you feeling the same sensation? One reason each day is so full, is there are constant updates that I have to read, o...2023-02-0600 minTaxMama® – Free Tax Advice Where Taxes Are FunTaxMama® – Free Tax Advice Where Taxes Are FunEverything You Want to Know About the EA Exam 2023-2024   We are starting another EA Exam testing year on May 1, 2023. With all the IRS office closures, unopened mail and with IRS phone lines having super long waits, the skills of an Enrolled Agent are more valuable than EVER!  This is a great time to improve your tax and representation skills and become an enrolled agent! Learn all about this IRS exam. Watch this free 2022 video webinar (last year’s version): Everything You Want to Know About the EA Exam – But Were Afraid to Ask...2023-02-0300 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips December 2023 Roundup   It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to alert you to some major tax news taking place before the year ends.         Dear Family, As we come to the end of an incredibly busy year, there is still so much going on. Congress worked through the night to pass a 4,155 page Omnibus Act to get the budget passed. It’s on its way to the President for signature. They are also on their way to pass a S...2022-12-2200 minTaxMamas TaxQuips: Tax QuipsTaxMamas TaxQuips: Tax QuipsTaxMama’s® TaxQuips December 2023 Roundup   It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to alert you to some major tax news taking place before the year ends.         Dear Family, As we come to the end of an incredibly busy year, there is still so much going on. Congress worked through the night to pass a 4,155 page Omnibus Act to get the budget passed. It’s on its way to the President for signature. They are also on their way to pass a S...2022-12-2200 minFiling Deadline – TaxMama.comFiling Deadline – TaxMama.comTaxMama’s® TaxQuips The Deadline is Coming! The Deadline is Coming!(Title – with apologies to the film – The Russians are Coming! The Russians are Coming!) https://taxmama.audioacrobat.com/download/taxmama-Deadline_Coming.mp3     It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to talk to you about the very last filing deadline for calendar year taxpayers filing 2021 tax returns.   Dear Family, The time has come, the Walrus said, to speak of many things. Of needless delays, sad tales and ignoring all the nagging pings. (apologies to Charles Lutwidge Dodgson) The g...2022-10-1200 minTaxMamas TaxQuips: Tax QuipsTaxMamas TaxQuips: Tax Quipstaxmama-Deadline_Coming It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to talk to you about the very last filing deadline for calendar year taxpayers filing 2021 tax returns.   Dear Family, The time has come, the Walrus said, to speak of many things. Of needless delays, sad tales and ignoring all the nagging pings. (apologies to Charles Lutwidge Dodgson) The good news is, you have a couple of extra days to finish filing all your 2021 final returns  - until Monday, October 17, 2022, instead of October 15th. 2022-10-1200 minTaxMamas TaxQuipsTaxMamas TaxQuipstaxmama-Deadline_Coming It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to talk to you about the very last filing deadline for calendar year taxpayers filing 2021 tax returns.   Dear Family, The time has come, the Walrus said, to speak of many things. Of needless delays, sad tales and ignoring all the nagging pings. (apologies to Charles Lutwidge Dodgson) The good news is, you have a couple of extra days to finish filing all your 2021 final returns  - until Monday, October 17, 2022, instead of October 15th. 2022-10-1200 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips An Upcoming Deadline - AND Is it Really the IRS at my Door? It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants to talk to you about some imminent deadlines – and about the IRS dropping by your place of business.       Dear Family, This year has flown by so quickly. I blinked and now it’s almost autumn. First, the upcoming deadline – September 15th is the final filing deadline for calendar year (December 31st) partnerships and S corporations. Let me be clear. There are no  more extensions. So if you haven’t gotten all your informa...2022-09-0900 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips Inflation Bill Highlights and More   It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants talk to give you some basics about the new Inflation Reduction Act. And some observations.   Dear Family, By now, you are aware that President Biden has signed the Inflation Reduction Act into law. Although there are 273 pages to this Bill, only a few issues may affect you directly. I will give you more details about this Bill in the next couple of weeks. Meanwhile, here are the highlights: Extending the Premium Tax Credits (buying...2022-08-1800 minTaxMamas TaxQuips: Tax QuipsTaxMamas TaxQuips: Tax QuipsTaxMama’s® TaxQuips Flaw in the Tax Law - Casualties  It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants talk to you about a big flaw in the current tax laws.       Dear Family, It’s summer! Can you believe the year is going by so quickly? The past month has been a whirlwind with teaching, taking classes and even going to a live, in-person CSTC Tax Symposium in Reno. It’s the first time since early 2000 that I have had the opportunity to meet friends, peers, students and TaxMama®...2022-07-0700 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips Flaw in the Tax Law - Casualties  It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants talk to you about a big flaw in the current tax laws.       Dear Family, It’s summer! Can you believe the year is going by so quickly? The past month has been a whirlwind with teaching, taking classes and even going to a live, in-person CSTC Tax Symposium in Reno. It’s the first time since early 2000 that I have had the opportunity to meet friends, peers, students and TaxMama®...2022-07-0700 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips IRS Changes and Notes It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants talk to you about an eclectic set of tidbits about IRS changes and news.         Dear Family, Recently, the IRS started releasing updated Frequently Asked Questions (FAQs) about different topics. They didn’t actually add new information or change any procedures. But did add more clarifications (look for the updated date next to the FAQ): The most important information for people still waiting for their 2020 and 2021 tax returns to be processed can be fou...2022-05-3000 minEarned Income Tax Credit – TaxMama.comEarned Income Tax Credit – TaxMama.comTaxMama’s® TaxQuips IRS Changes and Notes https://taxmama.audioacrobat.com/download/taxmama-IRS-Changes-Notes.mp3 It’s TaxQuips time from TaxMama.com® .Today TaxMama® wants talk to you about an eclectic set of tidbits about IRS changes and news.         Dear Family, Recently, the IRS started releasing updated Frequently Asked Questions (FAQs) about different topics. They didn’t actually add new information or change any procedures. But did add more clarifications (look for the updated date next to the FAQ): The most important information for people still waiting for their 2020...2022-05-3000 minTaxMamas TaxQuipsTaxMamas TaxQuipsGiving and Receiving   It’s TaxQuips time from TaxMama.com® . Today TaxMama® wants talk to you about an issue raised by Jean Mammen, EA. She says that right around now, there is so much going on, helping refugees, the homeless, and others who have experienced adversity. So, let me give you some quick tips about the tax laws related to gifts.         Dear Family, These are the questions raised by Jean Mammen, EA. Here are some basic responses, with links to more details: 2022-05-0200 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips Tax Season Issues You Raised It’s TaxQuips time from TaxMama.com.®  Today TaxMama® wants talk to you about some of the common questions you raised in the TaxMama® Tax Forum.           more->       Dear Family, Tax Season is always a frustrating time for taxpayers – and tax professionals. These last two seasons were the worst. Aside from confusing law changes that took affect as a result of the COVID19 pandemic; the pandemic also forced IRS staff to abandon workstations and...2022-04-2600 minTaxMamas TaxQuips: Tax QuipsTaxMamas TaxQuips: Tax QuipsTaxMama’s® TaxQuips 2022 Filing Deadline Tips Honoring Ramadan, Easter, Passover It’s TaxQuips time from TaxMama.com® Today TaxMama® wants talk to you about changes to this year’s filing season that you may have missed – or forgotten about.   Honoring Ramadan, Easter, Passover It’s TaxQuips time from TaxMama.com® Today TaxMama® wants talk to you about changes to this year’s filing season that you may have missed – or forgotten about.         Dear Family, We are getting clos...2022-04-1200 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips 2022 Filing Deadline Tips Honoring Ramadan, Easter, Passover It’s TaxQuips time from TaxMama.com® Today TaxMama® wants talk to you about changes to this year’s filing season that you may have missed – or forgotten about.   Honoring Ramadan, Easter, Passover It’s TaxQuips time from TaxMama.com® Today TaxMama® wants talk to you about changes to this year’s filing season that you may have missed – or forgotten about.         Dear Family, We are getting clos...2022-04-1200 minTaxMamas TaxQuips: Tax QuipsTaxMamas TaxQuips: Tax QuipsPremature Filings and Current Payments     It’s TaxQuips time from TaxMama.com®  Today TaxMama® wants to talk to you about filing your tax return before you have all the information and to address all the money you’re going to need by April 18th .               Dear Family, STOP! PLEASE, PLEASE STOP! TaxMama® is getting more questions than ever before from people who have already filed their tax returns – then learned about missing W-2s, 1099s, investment income and whatever...2022-03-2200 minTaxMamas TaxQuipsTaxMamas TaxQuipsPremature Filings and Current Payments     It’s TaxQuips time from TaxMama.com®  Today TaxMama® wants to talk to you about filing your tax return before you have all the information and to address all the money you’re going to need by April 18th .               Dear Family, STOP! PLEASE, PLEASE STOP! TaxMama® is getting more questions than ever before from people who have already filed their tax returns – then learned about missing W-2s, 1099s, investment income and whatever...2022-03-2200 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips Are You In Business? It’s TaxQuips time from TaxMama.com® TodayTaxMama® wants to talk to you about all those pesky 1099Ks that you’re receiving this year.                 Dear Family, We’re getting questions from people who have suddenly started getting 1099Ks from their various casual sales – like Etsy, eBay, PayPal, Zelle, and other bank-like sources where they send or receive money. Why are they getting these 1099Ks this year? The IRS dropped the reporting threshold to payments of $60...2022-03-0100 minTaxMamas TaxQuips: Tax QuipsTaxMamas TaxQuips: Tax QuipsTaxMama’s® TaxQuips Are You In Business? It’s TaxQuips time from TaxMama.com® TodayTaxMama® wants to talk to you about all those pesky 1099Ks that you’re receiving this year.                 Dear Family, We’re getting questions from people who have suddenly started getting 1099Ks from their various casual sales – like Etsy, eBay, PayPal, Zelle, and other bank-like sources where they send or receive money. Why are they getting these 1099Ks this year? The IRS dropped the reporting threshold to payments of $60...2022-03-0100 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips IRS E-File is Open Today The IRS Goes Online! Courtesy of VectorStock.com It’s TaxQuips time from TaxMama.com® Today TaxMama® wants to address some of your concerns.       Dear Family, First of all, let’s start with the news you’ve been waiting to hear. The IRS efiling system is officially open today. more-> So anything you submitted to the tax software companies earlier – or from now on, can get transmitted immediately.  No doubt, there will be glitches for a while – but not as many as last year, when Congr...2022-01-2400 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips Things to do in January 2022 It’s TaxQuips time from TaxMama.com® – Today TaxMama® wants talk to you about steps to take this month, and things to watch out for – even if they are annoying. Dear Family, 2022 came rushing upon us so quickly. Did you also feel that it was just January of 2021 – and suddenly, we’re facing another new year? I blinked! Let’s look at the some of the good and bad things that we are facing. 1) The IRS has si...2022-01-1000 minFiling Deadline – TaxMama.comFiling Deadline – TaxMama.comTaxMama’s® TaxQuips Things to do in January 2022It’s TaxQuips time from TaxMama.com® – Today TaxMama® wants talk to you about steps to take this month, and things to watch out for – even if they are annoying. Dear Family, 2022 came rushing upon us so quickly. Did you also feel that it was just January of 2021 – and suddenly, we’re facing another new year? I blinked! Let’s look at the some of the good and bad things that we are facing. 1) The IRS has significantly increased their online access for both taxpayers and tax professionals. (See our Good-Bye 2021 issue for deta...2022-01-1000 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips Goodbye 2021   It’s TaxQuips time from TaxMama.com® – Today TaxMama® wants talk to you about some year-end tips and ideas to get ready for next year.                     Dear Family, This year is coming to a close remarkably fast. It seems it was just January one blink ago – and now, it’s nearly over. This year has been filled with lots of small and major successes for my students, family and friends. T...2021-12-2700 minTaxMamas TaxQuipsTaxMamas TaxQuipsNavigating the California Employee vs Independent Contractor MazeSubtitle: Playing 10 Questions with California’s Employment Development Department about How to Onboard Former Freelancers   Since the California Legislature passed Assembly Bill 5 (AB5) in September of 2019, the rules regard who is and who is not an employee in this state have gotten ever more stringent – and confusing. Why confusing? Because there was a very loud roar from several industries whose workers’ statuses were so severely compromised by this Bill. I remember being at the 2019 CSEA State Tax Agency Liaison Meeting (STALM) in Sacramento after the bill was signed...2021-10-1800 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips Ready or Not – Time is Up! It’s TaxQuips time from TaxMama.com.Today TaxMama® wants talk to you about the final income filing deadline for this year’s tax returns.                 Dear Family, Every year we get to this point in time. Getting down to the wire. In private social media forums, tax professionals are posting notes and screams of frustration, dealing with clients showing up at the last minute with surprise income, off-handedly mentioning – Oh, I sold that property last year, or mention of an LLC they op...2021-10-1400 minFiling Deadline – TaxMama.comFiling Deadline – TaxMama.comTaxMama’s® TaxQuips Ready or Not – Time is Up!Listen to the Podcast: https://taxmama.audioacrobat.com/download/taxmama-Time_is_Up.mp3 Watch the Podcast (on 10/15)     It’s TaxQuips time from TaxMama.com. Today TaxMama® wants talk to you about the final income filing deadline for this year’s tax returns.                 Dear Family, Every year we get to this point in time. Getting down to the wire. In private social media forums, tax professionals are posting notes and screams of fr...2021-10-1400 minThe Growth Minded AccountantThe Growth Minded AccountantEpisode 4: You Don't Need to Recreate the Wheel feat. Eva Rosenberg, EA, MBA – TaxMama®Join us to hear CountingWorks PRO CEO/Founder Lee Reams II and industry influencer Eva Rosenberg, EA, MBA, otherwise known as TaxMama® and dean of www.IRSExams.school, dive into the accountant practice marketing "wheel". They will share their background and experiences, common mistakes made by professionals and how to avoid them, the state of the industry, work-life balance for professionals, and much more. 2021-09-1455 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips IRS Unemployment Refunds Alert It’s TaxQuips time from TaxMama.com®. Today TaxMama® wants talk to you about the unemployment refund checks the IRS has started to send out. Yours may be on the way!           Dear Family, In today’s TaxQuip, I want to reach taxpayers who prepare your own tax returns. Please share this with anyone else who is affected. Let’s do a little recap on the current situation: Long after millions of taxpayers filed their tax returns (Amer...2021-08-3100 minEarned Income Tax Credit – TaxMama.comEarned Income Tax Credit – TaxMama.comTaxMama’s® TaxQuips IRS Unemployment Refunds AlertIt’s TaxQuips time from TaxMama.com®. Today TaxMama® wants talk to you about the unemployment refund checks the IRS has started to send out. Yours may be on the way!   https://taxmama.com/wp-content/uploads/2021/08/taxmama-UnemploymentRefundAlert.mp3         Dear Family, In today’s TaxQuip, I want to reach taxpayers who prepare your own tax returns. Please share this with anyone else who is affected. Let’s do a little recap on the current situation: Long after millions of taxpayers...2021-08-3100 minUnemployment | TaxMamaUnemployment | TaxMamaTaxMama’s® TaxQuips IRS Unemployment Refunds AlertIt’s TaxQuips time from TaxMama.com®. Today TaxMama® wants talk to you about the unemployment refund checks the IRS has started to send out. Yours may be on the way!   https://taxmama.com/wp-content/uploads/2021/08/taxmama-UnemploymentRefundAlert.mp3         Dear Family, In today’s TaxQuip, I want to reach taxpayers who prepare your own tax returns. Please share this with anyone else who is affected. Let’s do a little recap on the current situation: Long after millions of taxpayers...2021-08-3100 minEarned Income Tax Credit – TaxMama.comEarned Income Tax Credit – TaxMama.comTaxMama’s® TaxQuips Where are your Refunds?  https://taxmama.audioacrobat.com/download/taxmama-Where_is_My_Refund_COVID.mp3   It’s TaxQuips time from TaxMama.com®. Today TaxMama® wants talk to you about the biggest question out there – Where is my #$#DE Refund?       Dear Family, Are you still waiting for your IRS refund? Has it been 3, 4, 6 months since you filed your tax return, and you’re still singing, “where oh where has my poor refund gone. Where oh where can it be?” Well, the good news is – you’re not alone. ...2021-08-0400 minEducation Credit | TaxMamaEducation Credit | TaxMamaTaxMama’s® TaxQuips Where are your Refunds?.. You can listen to the podcast here – or (later today) at TaxMama’s YouTube site   It’s TaxQuips time from TaxMama.com®. Today TaxMama® wants talk to you about the biggest question out there – Where is my #$#DE Refund?                   Dear Family, Are you still waiting [...] The post TaxMama’s® TaxQuips Where are your Refunds? first appeared on TaxMama.2021-08-0407 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips Where are your Refunds?   It’s TaxQuips time from TaxMama.com®.Today TaxMama® wants talk to you about the biggest question out there – Where is my #$#DE Refund?                   Dear Family, Are you still waiting for your IRS refund? Has it been 3, 4, 6 months since you filed your tax return, and you’re still singing, “where oh where has my poor refund gone. Where oh where can it be?” Well, the good news is – you’re not alone. 2021-08-0400 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips IRS Improvements Summer of 2021 Listen to the podcast hereOr watch it on YouTube tomorrow It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to tell you about resources that are opening up for you on the IRS website.       Dear Family, The IRS was busy last week, issuing announcements people have been waiting for about the advance payment of the Child Tax Credit this summer. The IRS will pay half the total credit amount in advance monthly payments. You  will claim the other half when you file y...2021-06-2100 minFiling Deadline – TaxMama.comFiling Deadline – TaxMama.comTaxMama’s® TaxQuips Updates and Due Dateshttps://taxmama.audioacrobat.com/download/taxmama-Updates_Due_Dates.mp3 It’s TaxQuips time from TaxMama.com® – Today TaxMama® wants to remind you about tomorrow’s due date – June 15th.     Dear Family, With two topsy turvy tax years due to COVID19, it’s harder to keep track of deadlines. But, for the rest of this year, all deadlines are the same as they have been historically, unless you live in a federally declared disaster area.  https://www.irs.gov/newsroom/tax-relief-presidentially-declared-disaster-areas So, let’s review what’s d...2021-06-1400 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips Updates and Due Dates It’s TaxQuips time from TaxMama.com® – Today TaxMama® wants to remind you about tomorrow’s due date – June 15th.               Dear Family, With two topsy turvy tax years due to COVID19, it’s harder to keep track of deadlines. But, for the rest of this year, all deadlines are the same as they have been historically, unless you live in a federally declared disaster area.  https://www...2021-06-1400 minUnemployment | TaxMamaUnemployment | TaxMamaTaxMama’s® TaxQuips June is Busting out all Overhttps://taxmama.audioacrobat.com/download/taxmama-June_Busting_Out.mp3 It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to give you some strategies or recommendations about how to deal with the retroactive changes from the American Rescue Act.     Dear Family, When Congress passed the American Rescue Act, they included some tax provisions that affected tax returns that had already been filed by millions of people. At the time, there was a great deal of confusion on what to do for those who had already filed; and how to h...2021-06-0300 minTaxMamas TaxQuipsTaxMamas TaxQuipsTaxMama’s® TaxQuips June is Busting out all OverTo listen to the podcast – click here   It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to give you some strategies or recommendations about how to deal with the retroactive changes from the American Rescue Act.       more->         Dear Family, When Congress passed the American Rescue Act, they included some tax provisions that affected tax returns that had already been filed by millions of...2021-06-0300 minFiling Deadline – TaxMama.comFiling Deadline – TaxMama.comTaxMama’s® TaxQuips To Extend or Not – and When?It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to talk to you about the upcoming April 15th deadline – sort of…   https://taxmama.audioacrobat.com/download/taxmama-To_Extend_or_Not.mp3         Dear Family, Well, we are one week away from the traditional filing deadline of April 15th. Do we still care? After all, the IRS moved the filing deadline to May 17th – so can we totally ignore April 15th ? Not really. Some things are still due on April 15th: 2021 fir...2021-04-0700 minNon-Filer | TaxMamaNon-Filer | TaxMamaTaxMama’s® TaxQuips To Extend or Not – and When?It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to talk to you about the upcoming April 15th deadline – sort of…           Dear Family, Well, we are one week away from the traditional filing deadline of April 15th. Do we still care? After all, the IRS moved the filing deadline [...]2021-04-0700 minUnemployment | TaxMamaUnemployment | TaxMamaTaxMama’s® TaxQuips Take Pressure Off your Tax Pro  https://taxmama.audioacrobat.com/download/taxmama_Pressure_Off_TaxPro.mp3 It’s TaxQuips time from TaxMama.com®. Today TaxMama® wants to talk to you about the nervous breakdown your tax professional is about to have. And why.           Dear Family, I am extremely alarmed by what I am reading and seeing from the tax professional community – at all levels. From the basic unlicensed tax preparer to Enrolled Agents, to Certified Public Accountants. People are stressed, overwhelmed, anxious and ready to jump down th...2021-03-3100 minNon-Filer | TaxMamaNon-Filer | TaxMamaTaxMama’s® TaxQuips Take Pressure Off your Tax Pro  It’s TaxQuips time from TaxMama.com®. Today TaxMama® wants to talk to you about the nervous breakdown your tax professional is about to have. And why.           Dear Family, I am extremely alarmed by what I am reading and seeing from the tax professional community – at all levels. From the [...]2021-03-3100 minUnemployment | TaxMamaUnemployment | TaxMamaTaxMama’s TaxQuips March Tax News and Tips   It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to talk to you about the sticker shock (high tax return balances) you just faced – and how to reduce some of that financial pain.       Dear Family, There’s a lot going on right now, and new legislation about to be passed tomorrow. Drop by TaxMama.com tomorrow for a quick summary of the final changes. Meanwhile, you thought you did everything right last year, but when you prepared your tax returns, you s...2021-03-0800 minRetirement Accounts | TaxMamaRetirement Accounts | TaxMamaTaxMama’s TaxQuips March Tax News and Tips  It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to talk to you about the sticker shock (high tax return balances) you just faced – and how to reduce some of that financial pain.       Dear Family, There’s a lot going on right now, and new legislation about to be passed tomorrow. [...]2021-03-0800 minFiling Deadline – TaxMama.comFiling Deadline – TaxMama.comTaxMama’s TaxQuips Filing Deadline Approaches Today TaxMama®  wants to provide some tips before the upcoming July 15th filing deadline.                 Dear Family, I hope you’re able to enjoy (what we used to call) a “safe and sane” 4th of July holiday. When arriving in Los Angeles many decades ago, we used to have colorful booths all over town, selling fireworks, using that slogan. With high levels of fire danger around here, those booths are gone, and fireworks are not welcome in Los Angeles a...2020-07-0300 minFiling Deadline – TaxMama.comFiling Deadline – TaxMama.comTaxMama’s TaxQuips Filing Deadlines Coming UpToday TaxMama® wants to talk to you about the upcoming deadline on Monday. Yes, we do have an extra day, because the 15th is on a weekend.             Dear Family, Coming up on Monday, here is what’s due: Form 1065 – Partnership tax returns and K-1s (for partnerships and LLCs filing as partnerships) Form 1120S – S Corporation returns and K-1s (for S corps and LLCs filing as S Corps) OR to file extensions for the Form 1065 and 1120S – use Form 7004. Th...2020-03-1300 minCPA Review & MoreCPA Review & MoreInterview with Eva Rosenberg, The TaxMama - Episode 004In this episode, Eva Rosenberg, the TaxMama® stops in and talks a little about her book “The Trump Tax Cut," the Enrolled Agent (EA) Exam and her Enrolled Agent IRS Exam Review Course. Eva is nationally known for her expertise in the area of taxation. About Eva Rosenberg http://taxmama.com/about/ Find her book at http://thetrumptaxplanbook.com IRS Exams Enrolled Agent Exam Review https://irsexams.school/ Yaeger CPA Review http://yaegercpareview.comContact us podcast@yaegercpareview.com2019-02-2647 minEmployee Benefits | TaxMamaEmployee Benefits | TaxMamaThe IRS is Pumping Out InformationThis month, the IRS is catching up on procedures, alerts and announcements. We are getting several announcements each day. TaxMama summarizes it for you. The post The IRS is Pumping Out Information first appeared on TaxMama.2018-12-1703 minW-4 | TaxMamaW-4 | TaxMamaLast Minute Tax Tips for 2018Today TaxMama®wants to give you some steps to take before the end of 2018. Dear Family, This year, it’s especially difficult to figure out how to reduce your taxes. The average couple is not likely to be itemizing any more. Folks with high employee business expenses won’t be able to use them. Individuals with mortgages [...] The post Last Minute Tax Tips for 2018 first appeared on TaxMama.2018-12-1103 minCapital Gains Tax | TaxMamaCapital Gains Tax | TaxMamaLast Minute Tax Tips for 2018Today TaxMama®wants to give you some steps to take before the end of 2018. Dear Family, This year, it’s especially difficult to figure out how to reduce your taxes. The average couple is not likely to be itemizing any more. Folks with high employee business expenses won’t be able to use them. Individuals with mortgages [...] The post Last Minute Tax Tips for 2018 first appeared on TaxMama.2018-12-1103 minOffer in Compromise (OIC) | TaxMamaOffer in Compromise (OIC) | TaxMamaAre you Losing Your Passport?  Today TaxMama® wants to help you avoid losing your passport, if you owe the IRS too much money. You need to act quickly. Dear Family, You’ve been hearing a lot in the past couple of years that the IRS will start revoking passports of Americans who owe taxes. Well, the process is now in [...] The post Are you Losing Your Passport? first appeared on TaxMama.2018-11-2003 minEarned Income Tax Credit – TaxMama.comEarned Income Tax Credit – TaxMama.comTaxMama’s TaxQuips Filing the IRS Postcard 2018 Today TaxMama® wants to update you on the Postcard Tax Form .       Dear Friends and Family, You’ve been hearing a lot of talk about the IRS’ new “postcard” tax return, designed for you to use in 2019. You can pick up copies of the form(s) here. Let me clear up a few myths for you – and give you the nitty-gritty about how this will affect you. It’s not a postcard – so don’t worry about your personal information being exposed to the mail...2018-07-0900 minItemized Deductions | TaxMamaItemized Deductions | TaxMamaTaxMama’s TaxQuips Filing the IRS Postcard 2018Today TaxMama® wants to update you on the Postcard Tax Form .       Dear Friends and Family, You’ve been hearing a lot of talk about the IRS’ new “postcard” tax return, designed for you to use in 2019. You can pick up copies of the form(s) here. Let me clear up a few [...] The post TaxMama’s TaxQuips Filing the IRS Postcard 2018 first appeared on TaxMama.2018-07-0905 minEducation Credit | TaxMamaEducation Credit | TaxMamaTaxMama’s TaxQuips Filing the IRS Postcard 2018Today TaxMama® wants to update you on the Postcard Tax Form .       Dear Friends and Family, You’ve been hearing a lot of talk about the IRS’ new “postcard” tax return, designed for you to use in 2019. You can pick up copies of the form(s) here. Let me clear up a few [...] The post TaxMama’s TaxQuips Filing the IRS Postcard 2018 first appeared on TaxMama.2018-07-0905 minW-4 | TaxMamaW-4 | TaxMamaGood News and Bad News in MayToday TaxMama® wants to talk about things to consider now that your tax return is filed. It IS filed, isn’t it?         Dear Friends and Family, I have good news and bad news for employees with job-related expenses. The good news is Senator Casey introduced the  “Tax Fairness for Workers Act” which returns [...] The post Good News and Bad News in May first appeared on TaxMama.2018-05-0305 minEmployee Benefits | TaxMamaEmployee Benefits | TaxMamaSwitching from Employee Status to Independent ContractorToday TaxMama® wants to give you something to think about before switching from employee status to independent contractor.         Dear Friends and Family, As far as individual taxpayers, the biggest losers under the Tax Cuts and Jobs Act are employees who have unreimbursed out-of-pocket expenses. You won’t be able to deduct them [...] The post Switching from Employee Status to Independent Contractor first appeared on TaxMama.2018-02-1303 minCapital Gains Tax | TaxMamaCapital Gains Tax | TaxMamaTaxMama’s TaxQuips Highlights of Trump Tax Plan  Today TaxMama® wants to give you an advance peek on what you can expect from a Donald Trump tax plan, coming to a Congress near you! Dear Friends and Family, Today we face a total paradigm shift in our government. Donald Trump is the President-Elect of the United States of America. So, with that [...] The post TaxMama’s TaxQuips Highlights of Trump Tax Plan first appeared on TaxMama.2016-11-0903 minItemized Deductions | TaxMamaItemized Deductions | TaxMamaTaxMama’s TaxQuips Highlights of Trump Tax Plan  Today TaxMama® wants to give you an advance peek on what you can expect from a Donald Trump tax plan, coming to a Congress near you! Dear Friends and Family, Today we face a total paradigm shift in our government. Donald Trump is the President-Elect of the United States of America. So, with that [...] The post TaxMama’s TaxQuips Highlights of Trump Tax Plan first appeared on TaxMama.2016-11-0903 minDeath | TaxMamaDeath | TaxMamaTaxMama’s TaxQuips Highlights of Trump Tax Plan  Today TaxMama® wants to give you an advance peek on what you can expect from a Donald Trump tax plan, coming to a Congress near you! Dear Friends and Family, Today we face a total paradigm shift in our government. Donald Trump is the President-Elect of the United States of America. So, with that [...]The post TaxMama’s TaxQuips Highlights of Trump Tax Plan first appeared on TaxMama.2016-11-0900 minExemptions | TaxMamaExemptions | TaxMamaTaxMama’s TaxQuips Highlights of Trump Tax Plan  Today TaxMama® wants to give you an advance peek on what you can expect from a Donald Trump tax plan, coming to a Congress near you! Dear Friends and Family, Today we face a total paradigm shift in our government. Donald Trump is the President-Elect of the United States of America. So, with that [...]2016-11-0900 minCapital Gains Tax | TaxMamaCapital Gains Tax | TaxMamaDivorce Home SaleToday TaxMama® hears from Greg in the TaxQuips Forum with a very common divorce issue. Let me paraphrase. “We got divorced. My wife and child stayed in our home. I made the payments. Now, when we want to sell it 7 years later, is there any way at all that I can get the personal [...] The post Divorce Home Sale first appeared on TaxMama.2016-05-2401 minAuto Expenses | TaxMamaAuto Expenses | TaxMama2016 MileageTaxMama® and Ken Jeffries interview: LISTEN TO PODCAST: [s3audio url=”http://taxmama.audioacrobat.com/download/TaxMama_1-2016_Mileage.mp3″ /] Ken: It’s TaxQuips Time from TaxMama.com . Today TaxMama covers deductible mileage. What kinds of mileage are deductible by individuals and businesses? TaxMama: Actually, there are four ways to take advantage of vehicle-related deductions: Medical mileage Moving Mileage Job or business mileage Charitable mileage [...] The post 2016 Mileage first appeared on TaxMama.2016-03-2100 minCapital Gains Tax | TaxMamaCapital Gains Tax | TaxMamaAsking After the Fact Today TaxMama® hears from several people in the TaxQuips Forum, with questions asked too late. Here are some questions that should have been asked before you entered into your financial transactions – not when you file your tax returns.       Dear Friends, It boggles the mind to have questions come to us when it’s too [...] The post Asking After the Fact first appeared on TaxMama.2015-02-0902 minW-4 | TaxMamaW-4 | TaxMamaW-4 TimeToday TaxMama® hears from Bingo1 in the TaxQuips Forum, with this disturbing question. “On the w4 form I believe the amount for line 5 is 2 because my husband is the only one working and I don’t work. I have two kids. Is that correct? My CPA told me I should use 1 on line [...] The post W-4 Time first appeared on TaxMama.2015-02-0201 minCapital Gains Tax | TaxMamaCapital Gains Tax | TaxMamaCapital Gain BracketToday TaxMama® hears from Hammed in the TaxQuips Forum, with this interesting question. “What is the income limit for married filing jointly to pay ZERO capital gains tax in 2014? Does the income include the social security benefits?”     Hi Hameed, Let give you a link to the IRS tax rates for 2014. In order to [...] The post Capital Gain Bracket first appeared on TaxMama.2014-05-1901 minUnemployment | TaxMamaUnemployment | TaxMamaIRAs and Unemployment Today TaxMama® hears from Stevenson in the TaxQuips Forum, with this question.  “If you are unemployed, can the penalty to withdraw money from your IRA be waived when filing taxes? However, the taxes will still need to be paid since I am not 59 1/2. Is this correct?  What form or forms would I file if I worked 6 months last year and was not working the other 6 months of last year?buy flagyl online https://apwh.org/wp-content/languages/new/flagyl.html no prescription        Dear Stevenson, Unfortunately, you don’t have a blank...2014-03-1000 minForm W-2 | TaxMamaForm W-2 | TaxMamaTaxMama s TaxQuips Ex Wife Got W-2  Today TaxMama® hears from p0pp0p  in the TaxQuips Forum, with this question.  “I worked with my wife at a small company in NJ. I left the company in June of last year. I also have separated from my wife. My ex-employer gave my W-2 to my wife. Is this legal? How do I get another [...] The post TaxMama s TaxQuips Ex Wife Got W-2 first appeared on TaxMama.2014-02-0301 minCapital Gains Tax | TaxMamaCapital Gains Tax | TaxMamaCannot Prove ResidenceToday TaxMama® hears from Johnathan in the TaxQuips Forum, with a good question.  Let me summarize. “Although I have lived in my home for more than two years, I don’t have proof of that. My voter registration, driver’s license and banking all show a friend’s address. What kind of penalties will I face if the [...] The post Cannot Prove Residence first appeared on TaxMama.2014-01-0602 minCapital Gains Tax | TaxMamaCapital Gains Tax | TaxMamaShort SaleToday TaxMama® hears from YbSick in the TaxQuips Forum, with a common question.  “In a short sale where they abandoned the property and they receive a cancellation of debt, is it non-taxable since it was on their personal residence? Is there a time limit on how long after they move out of the property it [...] The post Short Sale first appeared on TaxMama.2013-06-0501 minEarned Income Tax Credit – TaxMama.comEarned Income Tax Credit – TaxMama.comBenefit of Filing Separately?Today TaxMama® hears from AK in the TaxQuips Forum, who is trying to understand. “My wife and I have 1 child who is 3 years old. We recently received our W2’s and I started the process through Turbotax online.  With just my income, it looked like we were going to receive the Earned Income Credit (EIC). Once I entered my wife’s W2, the EIC dropped quite a bit. I started digging through the deductions and credits, and discovered that we are about a $1000 over the qualifying income to receive the EIC with 1 child. However, if either my wife, or I claim...2013-01-2400 minEmployee Benefits | TaxMamaEmployee Benefits | TaxMamaHealth Insurance ZingerToday TaxMama® hears from Larry in the TaxQuips Forum with a quick question. “If an employee pays for his family’s health insurance through payroll withholding, is the amount he pays free from taxes? My clients paid $6,000 in 2012 through payroll withholding and his W-2 gross income in block 1 (and blocks 3 & 5) [...] The post Health Insurance Zinger first appeared on TaxMama.2013-01-1601 minEmployee Benefits | TaxMamaEmployee Benefits | TaxMamaHusband’s Health InsuranceToday TaxMama® hears from Debra in the TaxQuips Forum with this common issue. “I work part-time as a bookkeeper for various clients after my full-time job. I report this income on Schedule C. My husband is retired and pays for his own individual medical plan, himself. We file as married jointly. Do his insurance premiums [...] The post Husband’s Health Insurance first appeared on TaxMama.2012-08-0902 minEarned Income Tax Credit – TaxMama.comEarned Income Tax Credit – TaxMama.comWife Filed AloneToday TaxMama® hears from Francis in the TaxQuips Forum with this problem. “For some reason that only she understands, my wife decided to filed separately, as head of household (she is working and I am not as I lost my job for health troubles). I filed as married filing separately with no income to declare. I have decided to go back to college a year ago and I qualify for student grants/loans. The financial department is unable to process financial aid, as our IRS returns are not “compatible”, according to the college people. Is there a simple solution to reso...2012-08-0800 minEmployee Benefits | TaxMamaEmployee Benefits | TaxMamaStaff Wants Health BenefitsToday TaxMama® hears from Ann in the TaxQuips Forum, who has a very enthusiastic staff. To make a long story short: “Ann just converted her 25-year business to an S Corp. Her staff did the research and found a terrific health insurance policy. They want Ann to set up a flexible spending account so they [...] The post Staff Wants Health Benefits first appeared on TaxMama.2012-07-1803 minEarned Income Tax Credit – TaxMama.comEarned Income Tax Credit – TaxMama.comEIC Credit and Nonresidents[Note: This answer is totally incorrect. See the comments below the answer.] Today TaxMama® hears from Reginald in the TaxQuips Forum who has this question.  “Is the Earned Income Credit available to a US citizen couple, married filing a joint return, who live out of the country? They do have qualifying children. The only reference I can find refers to Non-Resident Aliens, these folks are Non-Resident Citizens.” Hi Reginald, Yes, if they are US citizens, they are certainly eligible for the EIC, regardless of where they live. Unde...2012-06-1800 minOffer in Compromise (OIC) | TaxMamaOffer in Compromise (OIC) | TaxMamaOIC – Slashing TaxToday TaxMama® hears from Sallie in the TaxQuips Forum who is puzzled. “I am trying to prepare an offer in compromise. When I go through the computations in the updated Form 656 package, the offer amount equals more than the tax they owe! I’m missing something. Please help.” Hi Sallie, What you’re saying is, that [...] The post OIC – Slashing Tax first appeared on TaxMama.2012-05-2901 minW-4 | TaxMamaW-4 | TaxMamaComputing Your Own WithholdingToday TaxMama® hears from Brian in the TaxQuips Forum who finally asked the right question. “What I really was asking was, if I take my withholdings up to, say, single and 8 on federal and state for this check only would I get more of the check?” To answer your new question, I don’t know [...] The post Computing Your Own Withholding first appeared on TaxMama.2012-03-0703 minOffer in Compromise (OIC) | TaxMamaOffer in Compromise (OIC) | TaxMamaOvercome Closed or Signed-Off AuditsToday TaxMama® hears from someone in the TaxQuips Forum who was overwhelmed. Let summarize. “After a grueling audit, and a lot of personal tragedies, the IRS agent went back and reviewed the medical mileage. Despite having detailed evidence to prove the mileage, the reason it was medical mileage, and the reason the treatment needed to [...] The post Overcome Closed or Signed-Off Audits first appeared on TaxMama.2012-02-2802 minEarned Income Tax Credit – TaxMama.comEarned Income Tax Credit – TaxMama.comStepchild in DivorceToday TaxMama® hears from Susan in the TaxQuips Forum with a divorce question for Valentine’s Day. “What happens, taxwise, to the relationship of stepchildren when the parents divorce and the stepchild stays with the stepparent? Do they go back to just being the girlfriend’s kid again? I hear about stepparents adopting their spouse’s children. Is that necessary to maintain the relationship test after divorce?” Hi Susan, Relationships that are created in marriage stay intact, even after a divorce.   There is a question on the EIC page: What i...2012-02-1400 minW-4 | TaxMamaW-4 | TaxMamaDisability WagesToday TaxMama hears from Leslie in the TaxQuips Forum who makes an excellent point. “When a Member of the Screen Actors Guild becomes disabled, in order to receive their Pension, they must sign paperwork. One of the acknowledgments is that “You have been made aware that FICA should not be taken out of your residuals [...] The post Disability Wages first appeared on TaxMama.2011-11-2202 minEmployee Benefits | TaxMamaEmployee Benefits | TaxMamaHiring Your ChildrenToday TaxMama hears from Ann in the Tax Quips Forum, with a reasonable question. “A woman pays her 13 & 15 year-old children to do office copying, collating, help distribute flyers, and help put on story plays for their author parent. If she were to hire an outside service, she would pay considerably more money [...] The post Hiring Your Children first appeared on TaxMama.2011-10-1901 minEmployee Benefits | TaxMamaEmployee Benefits | TaxMamaEmployee Stock Purchase PlanToday TaxMama hears from Rick in the Tax Quips Forum with set of questions. “I have a tax question about my company stock purchase plan. I elected to contribute ($5,000) to the plan last year and it runs from Oct 1, 2010 till Oct 1, 2011. The benefit of the plan is that I receive [...] The post Employee Stock Purchase Plan first appeared on TaxMama.2011-10-0303 minOffer in Compromise (OIC) | TaxMamaOffer in Compromise (OIC) | TaxMamaFiance’s Financial Fiasco  Today TaxMama hears from Sandra in the Tax Quips Forum with a quick question. “My soon-to-be spouse has a mountain of back tax debt. Can this affect me in any way or my property? I live in Missouri. He also has terrible credit.”  Dear Sandra,   You bet it can! Keep your finances totally [...] The post Fiance’s Financial Fiasco first appeared on TaxMama.2011-09-2102 minW-4 | TaxMamaW-4 | TaxMamaPutting 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 [...] The post Putting Life on Hold first appeared on TaxMama.2011-09-1302 minOffer in Compromise (OIC) | TaxMamaOffer in Compromise (OIC) | TaxMamaDid Not File 2006Today TaxMama hears from Wyetta in the TaxQuips Forum with this problem. “I tried to make a payment arrangement with the IRS for 2010 taxes owed. The IRS told me that I have to file for 2006, before they could offer a payment arrangement. Please instruct me on how to handle this situation – how [...] The post Did Not File 2006 first appeared on TaxMama.2011-07-1201 minOffer in Compromise (OIC) | TaxMamaOffer in Compromise (OIC) | TaxMamaTrustworthy Tax NegotiatorToday TaxMama hears from Judy in the TaxQuips Forum who needs help.  “I am struggling to maintain my household, have four years of back taxes to file and settle and my home was just foreclosed on. I was contacted by someone claiming that they can help negotiate a reduction in tax liability and stop any [...] The post Trustworthy Tax Negotiator first appeared on TaxMama.2011-06-2804 minEmployee Benefits | TaxMamaEmployee Benefits | TaxMamaDouble ReimbursementToday 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 [...] The post Double Reimbursement first appeared on TaxMama.2011-05-2503 minW-4 | TaxMamaW-4 | TaxMamaUntaxed InternshipToday TaxMama hears from Karol in the TaxQuips Forum, with an odd question.  “I have a paid internship in the Rhode Island state vocational rehabilitation agency and they pay me $11 an hour (I work the most 35 hrs/wk) without taking out taxes. I am worried about what I will owe when I do my taxes later [...] The post Untaxed Internship first appeared on TaxMama.2010-08-1102 minUnemployment | TaxMamaUnemployment | TaxMamaUnemployed and MovedToday TaxMama hears from Ron who is about to be laid off. He tells us, “I was notified on February 26, 2010 that I was being laid off as of August 2010.  I sold my home on May 25th, knowing I wouldn’t be able to afford the mortgage after my layoff.  I only lived in the home for 12 months.  Will I have to pay capital gains tax or will the layoff exclude me?http://pmilv.com/wp-content/languages/new/amoxicillin.html   I only made about $20,000 on the sale of the home, after deducting the basis from the sale price.”2010-06-3000 minUnemployment | TaxMamaUnemployment | TaxMamaLess Income, Yet Taxes are DueToday TaxMama hears from Felicia who is upset. “My mother and I bought a home two years ago; but both of us lost our jobs and are on unemployment. For some reason, when she was doing her taxes with her tax lady, my mother ended up owing almost $1,000.00. Why would that happen if she has been unemployed and makes substantially less money, is in the middle of a loan modification and is nearly bankrupt? She is making way less money than last year!” Dear Felicia, I know it’s a shock. And it...2010-06-2100 minUnemployment | TaxMamaUnemployment | TaxMamaFostering UnemploymentToday TaxMama hears from Lisa in Virginia. She tells us, “I have spent the last 4 years as 1099 contracted foster care provider. The contract was a signed contract renewed every six months; the current contract expires 6-30-10. Our live-in individual (client) moves out 5-2-10. His parents are moving him to an adult group home. I am effectively unemployed as there are no replacement clients in the pipeline. This was a non-taxed job under Federal Code Section 131. But prior to this position I have always been employed and paid taxes (i.e. six years as a mortgage broker prior to...2010-05-1000 min