As you read this on
Tuesday morning, I am on my way home from Atlantic City, where I attended the
National Association of Tax Professionals’ annual year-end tax update
class. I will post about this class later
this week.
* Have you checked
out the latest “issue” of THE LAKE REGION SOMETHING?
* Rick Newman tells
us “Trump’s tax-cut party is officially over” at YAHOO FINANCE -
“So, nearly a year
after the historic Republican tax cuts, the stock market is lower, a growth slowdown
seems to be underway and investors are worried about soaring levels of federal
debt. This party barely got started before it was over.”
* Speaking of Disgusting Donnie, why do I oppose and
denounce Donald T Rump? Click here.
* Kay Bell explains “California wildfire, Virginia hurricane victims get tax relief” at DON’T MESS WITH TAXES.
* Amy Bell (I expect
no relation) gives us a primer on “How a Roth IRA Works After Retirement” at
INVESTOPEDIA.
“There’s no question that a Roth IRA offers some extremely valuable
benefits after retirement.”
* Looking for some
stocking stuffers? Click here.
* Last Friday’s
Checkpoint week-day daily email newsletter for tax pros reported –
“White House Economic Adviser Larry Kudlow told reporters on Tuesday
(11/20/2018) that the next phase of U.S. tax reform (sometimes called Tax
Reform 2.0) will not happen during
the final months of 2018 in the ‘lame duck’ session when Republicans will still
control Congress.
Last month, President Trump had stated {lied – rdf} that his
administration was planning to roll out plans for a 10% tax cut for
middle-income people before the November 6 congressional elections.
Kudlow said that a follow-up to the Republican's 2017 tax
overhaul in the Tax Cuts and Jobs Act could be passed in the new session of
Congress starting in January, even though Democrats will hold the majority in
the House (where revenue and spending legislation originates).”
* It’s that time of
year again. From Kelly Phillips Erb at
FORBES.COM - “The 12 Days of Charitable Giving: Here's How to Include Your Favorite Charity”.
TTFN
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