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Your Tax Teacher Podcast6In this week’s episode,

The IRS Scam – You get a phone call.  You’re told that if you don’t pay the delinquent bill over the phone, you will be arrested.

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Singles make up the largest taxpaying group.

Illinois is discussing whether to implement a millionaire tax similar to California.

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No one is in the running for the NCAA challenge that Warren Buffet offered.

Question – What information do I need to deduct alimony payments I give to my former spouse?

The main topic was the five things usually missing from your tax return workpapers that your taxpreparer needs to prepare your tax return.

  1.  1099 Cost basis on the investment you sold.
  2. Home basis on the property you sold.
  3. K-1 information
  4. Sales tax on large items you purchased (Automobiles, Boats, RVs, Campers, etc)
  5. Engagement letter.

 

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