Not
much BUZZ today.
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Check out the January issue of LOIS.
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This week’s Tax Tip column at MAINSTREET.COM (by me) is “Why You Should Make Your IRA Contribution Now”.
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Go to the MISSOURI TAXGUY blog and look for my Robert F page at the “Store”.
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The CLASS 5 TAX BLOG casts its vote for “The Most Misunderstood Question on the Tax Return”.
Actually
it is not a question – but a check-off.
It is the box where you can check to have $3.00 ($6.00 on a joint
return) of your tax liability to go to the Presidential Election Campaign
Fund. As the box explains – “Checking a
box below will not change your tax or refund”.
Thinking
back, I do not recall anyone of my, or my mentor’s, clients ever checking the
box. And, to be honest, I have never
checked it myself. Perhaps I should
consider doing so this year.
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FYI – per CNN MONEY “Average Tax Refund Slips to $2,913 in 2011”.
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Let the customer beware! CBS news in
Richmond VA warns “Walmart's ‘Free’ Offer Could Come With a Price”.
Since
the free tax preparation offer at Walmart stores involves using either the H+R
Block or Jackson Hewitt fast food chain (depending on the store) you should
definitely not have your tax return prepared
at Walmart!
TTFN
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