* Prof Annette
Nellen provides us with a sign of hope in “Congressman Camp Seeking Comprehensive Tax Reform” at 21st CENTURY TAXATION.
She quotes from a
recent speech by House Ways & Means Committee Chairman Dave Camp of
Michigan –
"If we are to unlock new opportunities for
job creation and strengthen the economy, then we must take even larger steps
toward comprehensive tax reform. At the
Ways and Means Committee, we have established a framework for comprehensive
reform that brings the corporate and the individual rate in line at a top rate
of 25 percent on both sides."
Camp wants to “Collapse the six rates on the individual
side to two rates of 10 and 25 percent” and “Eliminate the AMT, which should have been named the ‘alternative
maximum tax’”.
* Trish McIntire of OUR TAXING TIMES warns
us of a new “Energy Scam” – and gives some excellent advice -
“Bottom
line, any time you hear of a government program giving you a credit, talk to a
tax pro. If it’s legitimate, we should know.”
* Jason Dinesen
answers the question “You Hired A Nanny – Now What?” at the DINESEN TAX TIMES.
Must reading for anyone who has just done so –
especially if you want to run for office or be appointed to the Supreme Court or
as a cabinet official in the future.
* Paul Neffer
reminds us to “Make Sure You Get Written Confirmation of Donation!” at FARM CPA
TODAY.
* And TaxGirl Kelly
Phillips Erb reminds us that “National Ride Your Bike to Work Day Offers Chance to Lower Tax Bill” at FORBES.COM.
“Under the Tax Code, your employer can
provide to you – tax free – a de minimis transportation benefit. . . . One of
those de minimis transportation benefits is the qualified bicycle commuting
reimbursement.”
TTFN
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