“The reason there are two senators for each
state is to that one can be the designated driver.” – Jay Leno
* Check out my discussion of “How Social Security and Railroad Retirement is Taxed” at MAINSTREET.COM!
And my explanation of “Documenting Charitable Deductions--Don't Get Screwed by the Tax Code”.
I like the first comment to the item –
“You
mean there IS a way to file taxes and NOT get screwed by the Tax Code?”
* As I warned before the Supreme Court
decision, ACCOUNTING TODAY explains “Married Same-Sex Couples with Kids May See Their Taxes Increase”.
Especially hard hit will be SSCs who
previously filed separately as Single and Head of Household.
* Speaking of SSCs, Kay Bell tells us
“Social Security Same-Sex Benefits Limited (for now) To States Where Such Marriages Are Legal. Will IRS Follow Suit?” -
“The
federal retirement benefits agency announced on Aug. 10 that, in response to
the Supreme Court ruling invalidating the Defense of Marriage Act (DOMA), it is
now processing claims for those in same-sex marriages.
But, and it's a big
but, Social Security is only issuing benefits for claims by residents of states
where same-sex marriages are legal.”
* Russ Fox shows “Once Again, Registration of a Tax Preparer Doesn’t Stop Him from Bad Behavior” with a case in point at
TAXABLE TALK.
His bottom line correctly point out -
“ . .
. having a license cannot stop bad behavior. And second, the government has
methods today of stopping tax preparers who are breaking bad. As the DOJ noted
in their press release, ‘In the past decade the Justice Department Tax Division
has obtained injunctions against hundreds of tax preparers’.”
* FORBES.COM TaxGirl Kelly Phillips Erb reports
“IRS Proposes To Permanently Ease Restrictions For Innocent Spouse Relief”.
* Kelly has also issued Podcast 1.03 – “This Week In Tax News + More On The Home Office Deduction”.
* Daisy Barton of ACCOUNTING-DEGREE.ORG
sent me this “infographic” of “A Brief History of US Government’s Misadventures, Mishandling, and Misuse of YOUR Tax Dollars” that you might find
interesting.
* THE SLOTT REPORT answers the question “How is My Annuity Going to Be Taxed?"
* The Washington Post’s WONKBLOG tells “The True-Life Story of a Baby Born Early to Dodge Taxes”.
For decades I have been telling clients to
get married early in the year and have children late in the year.
* Professor Annette Nellen makes some good
points about 1099-K reporting (3rd-party reporting of credit card
deposits) in “Small Businesses, IRS Notices and the Tax Gap - repeal 6050W”.
* Let me share Trish McIntire’s not so
shameless “Self-Promotion - Answers.com”.
* And share “Some Shameless Self-Promotion”
of my own.
THE
FINAL WORD:
Did I
tell you this one before?
A
driver was stuck in a traffic jam on the highway outside Washington, DC. Nothing was moving. Suddenly, a man knocks on the window.
The
driver rolls down the window and asks, "What's going on?"
"Terrorists
have kidnapped the entire US Congress, and they're asking for a $100 million
dollar ransom. Otherwise, they are going
to douse them all in gasoline and set them on fire. We are going from car to car, collecting
donations."
"How
much is everyone giving, on average?" the driver asks.
The
man replies, "Roughly a gallon."
TTFN
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