Better late than
never!
* I didn’t realize
I was chortling so loud. At times my joy
in discovering tax return errors made by CPAs (this happens more often than
they would like you to think) can be described as “orgasmic”.
Case in point, and,
as Peter points out, another of many instances of CPAs proving they are not
1040 experts, the situation discussed by Peter J Reilly of FORBES.COM in his
post “Social Security Disability Taxation - Curious And Confusing According to Tax Court”.
* Jason Dinesen
talks about something that I had never even thought about before – “Taxation of Credit Card Benefits”.
* Kay Bell, the
yellow rose of taxes, reports that “two
federal court rulings this week differed on just who is eligible for the {Obamacare
premium} credit” in her BANKRATE.COM
post “No Change Yet in Obamacare Tax Credit”.
“{IRS Commissioner}
Koskinen said that until the courts
settle the matter definitively, the IRS plans to continue granting advance
premium tax credits to individuals who acquire insurance through the federal
exchange.”
If the purpose of
Obamacare is to attempt to provide universal health insurance coverage by
assisting those who cannot afford the premiums with “upfront” tax credits, who
gives a rat’s arse where the policy is acquired? A person who would otherwise have remained
uninsured is now covered.
* And at her DON’T
MESS WITH TAXES blog Kay tells us “Mississippi Kicks off the Summer 2014 Sales Tax Holiday Season” –
“Mississippi's annual sales tax holiday is
this Friday, July 25 {today!}, and
Saturday, July 26.”
TTFN
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