Saturday, April 30, 2011

WHAT’S THE BUZZ? TELL ME WHAT’S A HAPPENNIN’

* Hey, there’s an Ap for that! A “tweet” led me to “IRS Goes Mobile With IRS2Go”.

IRS has launched IRS2Go, a smartphone application that lets you interact with the IRS using your mobile device. IRS2Go reflects IRS' commitment to help you get the information you need—whenever you need it, wherever you are.

You can check the status of your federal income tax refund using IRS2Go. Simply enter your Social Security number, which will be masked and encrypted for security purposes, then select your filing status and enter the amount of your anticipated refund from your 2010 tax return
.”

* Speaking of “tweets”, here is a good one from Larry Sabato, Director of the University of Virginia’s Center for Politics -

Look at U.S. history: Long line of Donald Trumps. There will always be a big market for snake oil in American politics.”

* After reading the BUZZ each Wednesday you should go to DON’T MESS WITH TAXES to read Kay Bell’s weekly tax tip – as she explains in “Weekly Tax Tip, Now Available Every Wednesday”.

* While I am an Anglophile, I had no interest whatsoever in Friday’s Royal Wedding. Apparently Kay did – hence her post “Marriage, Taxes and the Royal Wedding Costs of William and Kate”.

At the bottom of the post Kay links to a good selection of “Wedding and marriage tax and finance tips” from DON’T MESS WITH TAXES and other blogs.

* Michigan has announced a state tax amnesty program. According to the Michigan Department of Treasury -

The 2011 Tax Amnesty Program is an opportunity for delinquent taxpayers to pay their state taxes and have their penalty charges waived. Taxpayers who qualify would also avoid criminal prosecution by the Michigan Department of Treasury.

The Tax Amnesty Program runs from May 15, 2011 through June 30, 2011. The complete amnesty application and full payment, including interest, must be postmarked by June 30th to be eligible, but taxpayers are encouraged to apply early to avoid the continued accrual of interest.

All state taxes administered under the Revenue Act (PA 122 of 1941) are eligible for amnesty, including Income Tax, Michigan Business Tax, Sales Tax, Use Tax, Withholding Tax, and
others. Tax periods covered under amnesty are limited to tax periods ending on or before December 31, 2009. Local taxes, including property taxes, are not eligible for amnesty.”

Click here for more information.

* Joe Kristan weighs in on the subject of a year-round tax filing season in his post “Is This the Best of All Possible Tax Seasons” at the ROTH AND COMPANY TAX UPDATE BLOG.

I still say – please keep it the way it is.

* And the beat goes on. USATODAY reported in yesterday’s Money Section that “Social Security Begins Phase-Out of Paper Checks”.

If you sign up for
Social Security benefits after April 30, be advised: The check won't be in the mail.

Starting May 1, everyone who applies for Social Security or other federal government benefits will be required to arrange for direct deposit of their payments. The government plans to phase out paper checks entirely by 2013
.”

Direct deposit can be to an existing bank account or a prepaid debit card offered by Treasury Department through Comerica bank.

* It’s a case of the pot calling the kettle black – “Donald Trump Calls Leaders 'Stupid' in Vegas Stop”. Trump himself is an idiot, so he would be in good company in Washington. The fool’s only talent is self-promotion – a Presidential candidate needs more than that one ability.

To quote a “taxtweet” from Kay Bell –

I hope Trump the Rump doesn't release his taxes; if he does, it will just mean more of his assiness on my TV and computer screens.”

I have got to stop this – I am wasting too much space on an arsehole who does not deserve our attention.

TTFN

1 comment:

Peter Reilly said...

Maybe instead of allowing parntershis and S corps to have fiscal years at a price, they should be required to have them along with trusts. Could be October and with K-1's due January 15 unless all members consent.