Tuesday, November 27, 2018


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”.


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