Monday, September 26, 2016
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’
I was on a bus trip to Niagara Falls for most of last week, and did not keep up with the tax BUZZ (I did not bring my lap top with me). So this installment is a bit brief – but contains important information nonetheless.
* Russ Fox warns us of “A New Scam: Mailed 'IRS' Notices” at TAXABLE TALK.
* Kay Bell, the yellow rose of taxes, is always giving us a tax spin on current cultural and political events. In a recent DON’T MESS WITH TAXES post she lists “6 divorce tax tips in the wake of the Brangelina split”.
* Don’t remember if I mentioned this in an earlier BUZZ installment – but here is news from the NATP weekly email update newsletter -
“The IRS announced special relief intended to support leave-based donation programs to aid victims who have suffered from the extraordinary destruction caused by last month’s severe storms and flooding in Louisiana.
Under these programs, employees may forgo their vacation, sick or personal leave in exchange for cash payments the employer makes, before January 1, 2018, to charitable organizations providing relief for the victims of this disaster.
Under this special relief, the donated leave will not be included in the income or wages of the employees. Employers can deduct the cash payments as business expenses.
Details on this relief are in Notice 2016-55.”
* It appears that the idiots in Congress, being idiots, believe in that old adage “if it didn’t work in the past, keep doing it”.
At ACCOUNTING TODAY Jim Buttonow reports “Here Come the Private Tax Debt Collectors … Again: Seven things you need to know about the upcoming IRS program”.
In my opinion, the first thing you should know is that if you are contacted by a private debt collector – write to the agency and tell them (or if they call just tell them) that you refuse to deal with them, and will only deal directly with the IRS. Tell them to return any and all information relating to you and your tax situation to the IRS. If you write send a copy of the letter to the IRS.
THE FINAL WORD
A rational, intelligent, and serious voter certainly has the right to question the competence, fitness, and appropriateness of Hillary Clinton for President and, based on past and present actions and statements, choose not to vote for her.
But Dangerous and Deplorable Donald Trump has by his past and present actions and statements proven beyond any doubt that he is NOT competent or fit or appropriate to be elected President of the United States. There is no good reason why anyone should vote for Donald Trump.
You do not have to vote for Hillary Clinton – you just have to NOT vote for Donald Trump!
Libertarian Party candidate Gary Johnson is a rational, intelligent, and appropriate alternative for real Republicans and conservatives. It is important to put conscience and country over Party!