Up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and insights and observations on tax policy and professional tax practice, by 40-year veteran tax professional Robert D Flach.
“To no one’s surprise, yesterday the IRS
appealed the decision to the US Court of Appeals for the District of Columbia.
It will likely be sometime next year before the case is heard and a decision
So I won’t be
looking for my refund check for past fees paid in the mail.
Not only is it Tax
Reform Week, but Tony points out -
“It also happens to be National Prostatitis
Awareness Week, and it's debatable as to which one is tasked with drawing
attention to the bigger pain in the ass.”
And Tony explains
the main reason why we probably will not get true substantive tax reform (highlight
is mine) –
“You get the idea: for every provision that
makes our tax law "complicated" and is targeted for removal, there
will be a group willing to fight for its continued existence. And congressmen and women unwilling to
ruffle the feathers of either these special interest groups or general
* Hey, check out my
“Author Page” at AMAZON.COM.Several of
my tax planning and preparation books are now available in e-book format for
reading on Kindle!
THE FINAL WORD
An IRS tax
collector, a reality tv “celebrity” (reality tv does not have “stars” – the description
“star” assumes at least some degree of talent) and Donald T Rump are in a row
boat in the middle of a lake.The boat
overturns.Neither of the three can
You pass by them in
another boat.You would only be able to
save one of the three from drowning.
What would you do -
read the paper or eat your lunch?
To be honest, I
would probably at least think about saving the IRS tax collector.