Thursday, May 19, 2022

WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’?

FYI - According to the IRS, As of April 29 there were 6.2 MILLION paper returns awaiting review and processing.   The word is it will take 5 to 6 months to process a return and issue a refund.

There is absolutely nothing your tax preparer can do to expedite the processing of your federal return or the issuance of your federal refund – so DO NOT call or email him or her to ask about your refund!

 

* Back in March KIPLINGER.COM listed the “10 Least Tax-Friendly States for Retirees”.  Once again, like Oliver Twist, NJ is last on the list, despite the recently expanded Retirement Income Exclusion -  
 
Sorry, New Jersey, but you're the least tax-friendly state in the country for retirees. And, once again, it's the property taxes that are crushing retirees. The Garden State has the highest median property tax rate in the country.
 
KIPLINGER also more recently listed the “10 Most Tax-Friendly States for Retirees.

 

* Kay Bell celebrated Friday the 13th with “Don't fear, or fall for, these 13 scary, but wrong, tax myths” at DON’T MESS WITH TAXES.

 

Here is one tax myth she forgot – All CPAs are 1040 experts.  An individual CPA may be a 1040 expert, but it has absolutely nothing to do with the initials after his or her name.

 

*  Congratulations to Professor Annette Nellen on the “15th Anniversary of the 21st Century Taxation Blog”.

 

THE LAST WORD

I very sincerely believe anyone who actually listens to, believes, defends, and supports Trump is either a moron, a racist, has no conscience, or, like Trump himself, all three.

There is absolutely no intelligent or acceptable reason for anyone to listen to, believe, defend, or support Trump.

If you support Trump and today’s Trump-embracing Republican Party you truly are an enemy of America, American democracy and true American values.

TTFN










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