Today TaxMama wants to give you a nudge to file that tax return – even if you owe money! Dear Family, Tomorrow is October 15th. It is the final filing deadline for the 2009 tax returns. For tax professionals, that day is like a finely tuned athl

Today TaxMama wants to give you a tip about efiling at the last minute. Dear Family, Yesterday, as we were frantically trying to efile tax returns during the last few days of tax season, we got a really bizarre rejection notice. A couple, who have

Today TaxMama hears from Rawan in the TaxQuips Forum who tells us, “I closed my business in September. I was wondering if I need to close my business checking account before I file my final 1120S form?” Hi Rawan, I am so glad you asked. You’

Dear Family, The news is buzzing this week about Robert Rizzo, the City Manager of Bell who is being investigated and prosecuted for his outrageous compensation levels. He’s offended by all the hostile news coverage and being treated like a pinata.

Today TaxMama is watching a discussion in the TaxQuips Forum. It’s about what happens after a divorce and the family is fighting over who gets to claim the child as a dependent. Dear Family, The sad fact is, at least one in two marriages ends in

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

Today TaxMama hears from Timothy in the TaxQuips Forum. He filed for his Homebuyers Credit over 4 and half months ago, hearing nothing. When he called in, he learned they may have a problem because his 2007 tax return showed a deduction for mortgage inte

Today TaxMama hears from Midge in the TaxQuips Forum. Midge is upset because she and her husband sent IRS 4 post-dated checks for last year’s taxes with 2010 on the memo line. Not only did IRS cash them all at once, but they applied the payments to 201

Today TaxMama hears from Brad in Missouri, in the TaxQuips Forum. Brad tells us “ I’m an independent contractor for several mystery shopping companies. Today for example I did a casino shop. I get reimbursed for 1 meal expense up to $10 and paid $35

Today TaxMama wants to talk to you about making a living in today’s economy. It’s not as easy as it used to be – but you can’t simply wait until conditions improve. Dear Family, Yesterday, a distraught homebuyer credit taxpayer told me s