I will be up at almost the crack of dawn tomorrow morning to leave, via casino bus, for an overnight in Atlantic City to attend the National Society of Tax Professionals year-end tax update seminar. It has been several years since I have been to AC for a tax seminar, and I am sure there are a lot of changes since my last visit.
As we "speak" Congress still hasn't passed an extender bill. The word is that House Ways and Means Chairman William M. Thomas continues to push for additional tax provisions.
Since Republicans and Democrats in both the House and the Senate, as well as George W, all want to extend these tax breaks why can't they simply write a bill to do so and get it over with? They should have done so months ago. Why must they muck around with trying to stick on other items that have not been agreed upon and drag it on till literally the last minute? I guess that would be too easy.
It is expected that a bill will be passed before Congress adjourns this Friday, and that the expired tax breaks will be extended for two (2) years (2006 and 2007).
I will let you know what happens when I return from AC, as well as report on any items of interest from the seminar.
"Talk" to you on Saturday.
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