Wednesday, January 11, 2012
WHAT’S THE BUZZ? TELL ME WHAT’S A HAPPENNIN’ – WEDNESDAY EDITION
Not much BUZZ today.
+ Check out the January issue of LOIS.
+ This week’s Tax Tip column at MAINSTREET.COM (by me) is “Why You Should Make Your IRA Contribution Now”.
+ Go to the MISSOURI TAXGUY blog and look for my Robert F page at the “Store”.
+ The CLASS 5 TAX BLOG casts its vote for “The Most Misunderstood Question on the Tax Return”.
Actually it is not a question – but a check-off. It is the box where you can check to have $3.00 ($6.00 on a joint return) of your tax liability to go to the Presidential Election Campaign Fund. As the box explains – “Checking a box below will not change your tax or refund”.
Thinking back, I do not recall anyone of my, or my mentor’s, clients ever checking the box. And, to be honest, I have never checked it myself. Perhaps I should consider doing so this year.
+ FYI – per CNN MONEY “Average Tax Refund Slips to $2,913 in 2011”.
+ Let the customer beware! CBS news in Richmond VA warns “Walmart's ‘Free’ Offer Could Come With a Price”.
Since the free tax preparation offer at Walmart stores involves using either the H+R Block or Jackson Hewitt fast food chain (depending on the store) you should definitely not have your tax return prepared at Walmart!