If there is one thing I have learned from
my jury experience so far it is that I would never go back to working 9 to 5
for a company. It’s not the work – it’s the
commute. My current “commute” is about
20 steps – and I have no required starting time. Anyway – one more week to go.
+ Don’t forget to check out the NOVEMBER issue of LOIS.
+ Trish McIntire responds to Commissioner
Shulman’s comments at the AICPA gathering (as I did at THE TAX PROFESSIONAL) IN
“That's What I Would Say” at OUR TAXING TIMES.
“I
had just come from reading a tax forum where a collogue was complaining about a
regional car dealership that was already advertising about bringing in pay
stubs to figure the customer’s refund as a down payment on a car. Since no
return can be filed for a couple more months, I assume the dealer is just
getting an idea of the potential refund for a loan. But I know that many
non-tax businesses have prepared and/or filed tax returns for clients and I
wonder if Commissioner Shulman is talking to the wrong groups. Maybe his time
would be better served talking at car dealership and pawn shop meetings instead
of CPA meetings.”
Trish lists the many bad things these
uneducated and unethical “ghost preparers” have done in the past –
“You
know, things like filing with paystubs, filing a married couple as two Head of
Households, not disclosing all the terms of the loans, not keeping required
paperwork, holding the taxpayer’s original documents hostage if they tried to
change their mind, not signing the return (all bad).”
This is why I hope the IRS will not limit
its enforcement to expected unethical preparers and actively pursue and
penalize taxpayers who use unregistered preparers to submit “self-prepared”
returns.
+ As yesterday was Veteran’s Day I also
bring your attention to another post by Trish – “Tax Treatments for Military Taxpayers”.
I belatedly echo Trish’s final statement –
“My
thanks to all who served or are serving in any branch of the military.”
+ TAX PROF Paul Caron explains “Tax Connection in Herman Cain's Sexual Harassment Scandal” -
“One
of the four women to charge Herman Cain with sexual harassment (one of the two
anonymous women in the original Politico story) is Karen Kraushaar,
Communications Director for the Treasury Inspector General for Tax
Administration.”
+ Diane Kennedy talks about “two tax trends
that we’re watching closely” - “Form 1099-A, Form 1099-C and IRS Audits of Real Estate Professionals” – at her US TAX AID blog.
The first one is a bit disturbing –
“Lenders
continue to send out nonsensical Form 1099-As and Form 1099-Cs, or send none at
all, or send them years after the foreclosure. And if you fail to report the
information correctly, you get a penalty.”
+ No surprise here – TAX GIRL Kelly
Phillips Erb tells us “New W-2 Reporting Requirements for Health Care Confusing Taxpayers (Already)”. The highlight
below is mine -
“It
is true that for the calendar and tax year 2011 employers must report
employer-provided health care benefits for employees. The amount of benefits
paid on your behalf will appear on your W-2 in 2012 as a report. It will not affect your taxable income
for the calendar and tax year 2011.”
+ Professor Annette Nellen, CPA, who writes
the blog 21st CENTURY TAXATION, has written a piece for the AICPA Tax Insider
titled “Pushing for Specifics on Tax Reform Proposals”.
The Professor rightfully observes that, as
with any other campaign issue -
“With
the 2012 presidential campaign underway, tax reform ideas and sound bites
abound, but details are usually scarce.”
As her article begins she “lists and briefly summarizes some of the
proposals” from the Republican candidates as well as BO’s presumed tax
plan. She then goes on to, similar to my
TWTP post “Questions” about Perry’s tax plan, discuss specific questions that
need to be answered regarding the various proposals.
THE LAST WORD:
In my free monthly newsletter LOIS I always
leave ‘em laughing. Here at the BUZZ I
will have the last word. And not always
about taxes – like today.
Unfortunately there is a sexist double
standard in America. Women who are
aggressively promiscuous are considered sluts, skanks and ho’s and are looked
down on. Men who are aggressively promiscuous
are considered to be “players” and admired.
Trust me – all of the “participants” (I refuse to use the term “stars”), both male and female, on THE JERSEY
SHORE and other so-called reality shows on MTV, VH-1 and E!, as well as ABC’s
BACHELOR AND BACHELORETTE, are truly sluts, skanks and ho’s!
TTFN
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