As you know, TaxMama is the author of Small Business Taxes Made Easy, which some people use as their business bible. Each of IRS’s tips is expanded, in detail, in Small Business Taxes Made Easy, – I’ll add the chapter references to IRS’s tips for

Today TaxMama hears from someone who will remain anonymous. She was shocked to learn that her man has been secretly abusing drugs for several years. When asked where he got the money? She admitted that he had gained access to an ATM card on an account she

Today TaxMama gets some nifty notes from H&R Block about online contests. Don’t you just love to win things? Leigh Mutert, CPA and manager of the Get It Right Community for H&R Block points out that the new ways companies are using social media is

Today TaxMama decides to reduce your tax anxiety. Here are five ways to reduce your daily, monthly or annual tax stress. 1) If you get an audit notice, don’t lose sleep with worry. Organize all your records and bank statements. If you never did yo

Today TaxMama hears from Ericka in the TaxQuips Forum. She tells us, “I owe $39,000 in back taxes. I have to file 2 years’ returns to be in compliance with the IRS, then I can try for an offer in compromise. My question is, would f

Today TaxMama hears from William in Houston who just filed bankruptcy. He has two questions. “I currently owe IRS approximately $2,500. I was wondering if that debt qualifies for my bankruptcy (my lawyer was somewhat vague on it)? And if I get a refund

Today TaxMama wants you to look at your finances to see if you need to take action this month. Dear Family, It’s time to review your IRA Aside from all the brouhaha about converting your IRA account to a Roth IRA, there may be legitimate reason

Today TaxMama hears from William in the TaxQuips Forum with this question. “We are part of a social organization (Ham Radio Club) which is not required to apply for formal tax exempt status because its annual gross receipts are less than $5,000. Must we

Today 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

a title=”Mortgage Note” href=”http://flickr.com/photos/35468159852@N01/107836778” target=”_blank”>Today TaxMama hears from Christie who is facing an IRS audit. She says, “The IRS is saying I owe tons of money due to me not proving that my mo