Friday, May 4, 2007

THIS AND THAT

* The Tax Foundation’s TAX POLICY BLOG May 2nd posting discusses a Wall Street Journal article regarding a paper by Harvard economists which concludes that taxing tall people more than short people meets the two criteria of an ideal tax system - it is both equitable and efficient.

* The May 2nd TAX WATCH posting to MarketWatch - “Don't pack away that return just yet: Your 2006 return offers signposts for 2007 tax planning” - elaborates on what I discussed in my posting “Learning From Your 1040”.

* Trish McIntire at OUT TAXING TIMES speaks to some of the frustrations we tax preparers encounter when dealing with the “great unwashed masses” in her May 3rd posting “Shoot The Messenger”. Trish, I feel your pain. My only comment is that Donald Trump is the last person I would imagine myself as.

* A belated thank you to Dan Meyer of
TICK MARKS, my client Chris S, and all of the others who sent comments and emails to welcome THE WANDERING TAX PRO back from my tax season hiatus.

* Most restaurants limit access to their rest room facilities to patrons. The Mexican Deli/Restaurant down the block from my apartment requires you to be in “fancy dress”, like a kid at Halloween, if you want to use its “jake”. A sign in the window announces “Rest Rooms for Costumers Only”.

* The IRS announced tax relief for New Jersey, New York and New Hampshire taxpayers in the Presidential Disaster Area that was struck by severe storms and flooding April 14-18, 2007. The disaster area consists of the Bergen, Burlington, Essex, Passaic, Somerset, and Union counties in New Jersey, Orange, Rockland, and Westchester counties in New York, and Grafton, Hillsborough, Merrimack, Rockingham and Strafford counties in New Hampshire. Deadlines for affected taxpayers in these counties to file returns, pay taxes, and perform other time-sensitive acts falling on or after April 14, 2007 and on or before June 25, 2007, have been postponed to June 25, 2007. For more information go to the IRS website at www.irs.gov.

TTFN


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