Monday, January 8, 2018
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’?
The tv ads from Henry and Richard have started. Of course, it had nothing to do with H&R’s ability to competently and accurately prepare tax returns – just “come in and get a check”. Thankfully it did not feature the idiot in the bowtie. It appears that Block is also offering some free online tax preparation – MORE ZERO – so they can sell your information to 3rd party advertisers.
And the Turbo Tax tv ad with the knitted teddy bear is perhaps the stupidest thing I have ever seen – dumber than Henry and Richard ads. Other TT ads I have seen are no less ridiculous.
* A reminder to journalists and bloggers of my annual Very Important Message.
* My fellow bloggers have joined me in posting about the year in taxes 2017 -
Kay Bell shared her list of the “Top 10 tax issues of 2017” at DON’T MESS WITH TAXES.
Professor Paul Caron, aka the TAX PROF, listed "The Top 10 Tax Posts of 2017" from his blog.
* Tony Nitti’s first “Tax Geek Tuesday” post of 2017 dealt with “Changes To Depreciation In The New Tax Law”.
* This week’s post at THE TAX PROFESSIONAL – "A Little This-A, A Little That-A".
* JD SUPRA reports “Treasury Inspector General Warns Taxpayers Of IRS Impersonators As Tax Filing Season Approaches”.
“The IRS generally first contacts people by mail – not by phone – about unpaid taxes, and the IRS will not ask for payment using a prepaid debit card, a money order, or wire transfer. The IRS also will not ask for a credit card number over the phone. If you get a call from someone claiming to be with the IRS asking for a payment, here’s what to do:
If you owe federal taxes, or think you might owe taxes, hang up and call the IRS at 800-829-1040. IRS workers can help you with your payment questions;
If you do not owe taxes, fill out the “IRS Impersonation scam” form on TIGTA’s website, www.tigta.gov, or call TIGTA at 800-366-4484;
You can also file a complaint with the Federal Trade Commission at www.FTC.gov. Add “IRS Telephone Scam” to the comments in your complaint.”
* I have said often that the new GOP Tax Act will cause states to revise their individual tax systems. The NY POST tells us “New York Could Restructure Tax Code to Dodge Effects of New Tax Law”.
The article quotes Governor Andy Cuomo –
“We are developing a plan to restructure our tax code to reduce reliance on our current income tax system and adopt a statewide payroll system.”
* FYI – I have publicly posted my details of what true tax reform legislation should have looked like here.
THE FINAL WORDS
You don't need a book to tell you Donald T Rump is an ignorant, incompetent and mentally unstable buffoon.
You just need to read his tweets and listen to him speak.