+ The DECEMBER issue of LOIS is here!
+ TAX PROF Paul Caron quotes “The Tax Mess
Deepens” by Laura Saunders in his post “WSJ: Year-End Tax Planning Amidst Political Chaos”.
Laura correctly observes –
“Now
tax experts don't expect action on the most important issues—income-tax rates,
capital-gains rates, estate-tax exemptions and rates, and the alternative
minimum tax—until after next year's election.”
For a change tax year 2011 is actually
clear – but tax law for 2012 will be up in the air until probably the end of
next year, thanks to the idiots in Congress.
+ KANSAS CITY.COM reports that “Tax Refund Loans Land H&R Block In Court Again”
“A
lawsuit in U.S. District Court in Los Angeles accuses the Kansas City-based tax
preparation firm and others of targeting ‘minorities and the working poor’ with
products that ‘provide little to no value’ while charging “predatory interest
rates and fees.”
Nothing new. Certainly not the first suit, and probably
not the last, even though Henry and Richard no longer offer RALS.
As I point out frequently – one of the
reason why H+R overcharge their clients for minimal service is because they
need money to pay off all of their legal settlements and judgments.
+ CCH tells us “Senate Democrats Roll Out Payroll Tax Cut Legislation”. The
proposed would extend and expand the current 2% payroll tax reduction, which
expires December 31, 2011.
+ Over at FORBES.COM Kelly Phillips Erb,
aka TAX GIRL, explains that “Form 5471 Email Is Bogus”.
“Yes,
it’s another spammy email purporting to be from the IRS. This one has, as its
subject, “IRS-SUBJ1″ and claims to be from the IRS Tax Notification Department
(support@irs.gov) though the IP address appears to actually be located in the
Republic of Korea.”
I have said it many times before, and I will
say it again – the IRS will NEVER
send an unsolicited email to ANYONE.
TTFN
No comments:
Post a Comment