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Tax Mommy's Blog

The Expanded Adoption Tax Credit

Recent health care reform legislation has both extended and revised the adoption tax credit.  If you or someone you know has adopted a child this year, you may want to take note of these recent c...

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 10/11/2011 2:09:00 AM

Exploring 529 Plans

Whether your child is leaving for college next week, next year or 15 years from now, it’s always a good time to consider your college savings strategy and tax advantages.  One path to take ...

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 9/13/2011 2:43:00 PM

Higher Standards for Preparers.... 2011 Update!

In 2010, the IRS launched an initiative to increase oversight of the tax preparation industry and introduced regulations for those who are paid to prepare tax returns.  Since then, 708,000 prepar...

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 8/30/2011 1:43:00 PM

Using Tax-Breaks to Help your Kids

As parents, we always hope that our kids will grow up to be successful and happy.  I know that I also worry that they'll understand how to manage their finances and make smart financial decisions...

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 8/3/2011 1:22:00 PM

Calling All Moms!

With the first day of school now less than one month away, it’s time to start thinking about what we’ll do once the house quiets down and the nightly homework ritual begins.  If you&r...

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 8/2/2011 2:19:00 AM

Con”GRAD”ulations! You’re a taxpayer!!!

If you're a recent college grad and have already secured your first job, you'll need to become familiar with what Uncle Sam will expect of you at tax time.  For starters, you will most likely be ...

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 7/14/2011 3:40:00 AM

Six Tax Tips for Students Starting a Summer Job

 "School's out for summer!" I bet you couldn't read that sentence without singing the song! School is out and many students will be starting summer jobs. The Internal Revenue Service reminds st...

Posted To: Tax Mommy's Blog By: David Rocci on 7/13/2011 4:28:00 AM

Energy Credits...... Updated for 2011!

If you didn't take advantage of the energy tax credits offered in 2009 and 2010, don't panic...  You still have the opportunity to save a few tax dollars!  The maximum tax credit for 2011 ...

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 6/15/2011 2:45:00 AM

The W2 Waiting Game

By February 15th, you should have received most of the necessary forms to begin work on your 2010 tax return.  If you haven’t received a W-2, there are a few steps you can take to track dow...

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 2/24/2011 2:31:00 AM

Higher Standards for Preparers….Updated!

Almost one year ago today, I posted my thoughts about the new Tax Preparer Registration standards that the IRS announced in an effort to hold preparers more accountable for the work they’re doin...

Posted To: Tax Mommy's Blog By: Stephanie Brenneman on 11/8/2010 11:26:00 PM