Find interviews with Small Business experts on the Small Business Advocate showThe post You have extra federal tax filing and paying time, but check your state first appeared on TaxMama ..read more

Find interviews with Small Business experts on the Small Business Advocate showThe post PPP forgiveness taxation may not be the same for federal and your state first appeared on TaxMama ..read more

Find interviews with Small Business experts on the Small Business Advocate showThe post IRS and state tax rules may differ for unemployment benefits and credits first appeared on TaxMama ..read more

  An Ode to April 15! Why is every year the same When we play this taxing game? “May 17th” turns out to be, something we couldn’t really foresee! With estimates still due on April 15. Folks do think the IRS is mean! Costs us more than just one night Making sure that all is right! Until at the latest day, We finally know what we get or pay! Why these taxes have to be Like a nasty little flea? Once they bite you, that’s for sure – Your life will never be like before! Love or hate them, Up to you… but don’t forget: Tax returns are due! And if you don’t know what to do, Ask TaxMama® – she’ll ..read more

  It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to talk to you about the upcoming April 15th deadline – sort of…     [Note: You can listen to the audio podcast here]             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 first quarter estimated tax payments Your state tax return – if they haven’t complied with the ..read more

To listen to the podcast – click here. 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 the throats of their clients, families and friends. Why? There are three reasons for thi ..read more

    It’s TaxQuips time from TaxMama.com® – today TaxMama® wants to tell you a little bit about the new law – the American Rescue Plan Act – signed by the President yesterday.                 Dear Family, Well, people have been anticipating this new Tax Act eagerly, waiting to get the next round of stimulus checks. One of the “improvements” in this law is that the $1,400 per person checks will be provided to (or on behalf of) everyone – all dependents, regardless of age. So you don’t have to play games with tax returns and try to put your chil ..read more

Eva Rosenberg joins Jim Blasingame to remind that some of that money you got from the government in 2020 is taxable and due this year, as well as the money you took out of your retirement fund.   The post Ouch! Did you know your unemployment money is taxable? first appeared on TaxMama ..read more

Eva Rosenberg joins Jim Blasingame to reveal some of the tips you need to know in order to reduce your tax bill for 2020, including various pandemic related deductions. The post How to reduce your adjusted gross income for 2020 first appeared on TaxMama ..read more

Eva Rosenberg joins Jim Blasingame to report on the fact that some states will tax the PPP funds that you don’t have to pay federal taxes on, plus her thoughts on International Women’s Day.   The post All states don’t forgive PPP loans from taxation first appeared on TaxMama ..read more