Monday, June 22, 2020


* Kelly Phillips Erb – aka FORBES.COM’s “TaxGirl” – keeps us up-to-date on the progress at the IRS in “IRS Faces Huge Backlog Of Unopened Mail As Workforce Returns” (highlights are mine) -

So, there's some good news: The Internal Revenue Service (IRS) is processing paper tax returns.

And then there's some not-so-good news: The estimated backlog of unopened IRS mail stands at 11 million.

Realistically, that means that taxpayers who filed returns by paper have experienced significant tax refund delays.”

* The first of the tax year 2021 inflation adjustments have been announced.  The NATP BLOG reports “HSA contribution limits to increase in 2021” -

According to Revenue Procedure 2020-32, for individuals with self-only coverage under a high deductible plan, the annual limitation on deductions is $3,600. This figure is up $50 from this year’s $3,550.

For an individual with family coverage under a high deductible health plan, the annual limitation on deductions is $7,200, up $100 from this year’s $7,100.”

So, I have the first entry in my “What’s New for 2021” report.

* From Kay Bell, the yellow rose of taxes, at DON’T MESS WITH TAXES – “Still waiting for your COVID payment? IRS has answers on what to do to get or track your money”.

* Speaking of the economic stimulus payment, have you seen my previous TWTP post “Understanding the Economic Stimulus Payment”?

* Russ Fox identifies the “2020 Best States for Business: Bring Me (mostly) the Usual Suspects”, and the worst states, too, at TAXABLE TALK.

Hey, NJ is NOT the worst for a change – it is #47.   Three states are worse than NJ.

* William Baldwin (no, not “that” William Baldwin) explains “Why You Should Keep Tax Records For More Than Three Years” at FORBES.COM –

Three years of documents won’t cut it. Seven years is more like it. Some tax records should be kept on hand until you’re dead.”

I certainly agree.  I first gave similar advice here on April 27, 2007.  And I updated my advice on August 18, 2014.


It continues to remain impossible for me to understand how anyone – other than an ignorant racist or someone who puts his own personal self-interests above everything else – could possibly support, even reluctantly, Trump and his continuance in office.

He is clearly ignorant and incompetent.  He is clearly totally self-absorbed and does not care about anyone or anything but himself.  It is obvious that he is completely devoid of humanity, honor and integrity and does not possess a single redeeming positive human quality.

There is no intelligent or rational reason to support and defend Trump the man or Trump the President.


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