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WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’ 23 Aug 2013 | 02:00 pm
“The Congress is a circus. To the music of braying donkeys, each elephant is led in circles by the tail of another. While they have the peoples’ attention, the clowns write the tax laws.” – Jim Bore...
TAXPAYERS SCREWED BY TAX COURT 21 Aug 2013 | 02:00 pm
The recent issue of NATP’s TAXPRO MONTHLY discussed David P and Veronda L Durden v Commissioner (TC Memo 2012-140). This was another case where the Tax Court upheld the IRS disallowance of a legitima...
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’ - TUESDAY EDITION 20 Aug 2013 | 02:00 pm
“Politicians certainly must be considered the most formidable barrier to fundamental tax reform.” – David A Hartman * Peter J Reilly talks about the NJ Property Tax Reimbursement program (aka Senior ...
WHAT CONGRESS SHOULD DO, BUT PROBABLY WON’T 19 Aug 2013 | 02:00 pm
What the idiots in Congress fail to do when they add “tax expenditures” to the Tax Code is take into consideration the special record-keeping requirements that apply to specific deductions and credits...
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’ 16 Aug 2013 | 02:00 pm
“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 MAINS...
DEFENDING THE DEDUCTIONS FOR TAXES AND MORTGAGE INTEREST 15 Aug 2013 | 04:39 pm
The Max and Dave “clean slate” approach to tax reform, which I wholeheartedly support, begins by eliminating all “tax expenditures”. The new Tax Code begins “everything is taxable” and “nothing is de...
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’ - TUESDAY EDITION 13 Aug 2013 | 02:00 pm
* In my wanderings on the web I discovered that TWTP is one of the “Top 25 Accounting Blogs for July 2013” in the “Accounting Influencers” section of REACHING SMBS (SMBS = Small Business). Cool! * J...
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’ 8 Aug 2013 | 02:00 pm
"’Do you pray for the Senators, Dr. Hale?’, someone asked, ‘No, I look at the Senators and I pray for our country.’" - Reverend Edward E. Hale The BUZZ is chock-a-block! I couldn’t wait until Friday...
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’ - TUESDAY EDITION 6 Aug 2013 | 02:00 pm
“The only difference between death and taxes is that death doesn't get worse every time Congress meets.” Will Rogers * Check out my article “How Are Mutual Fund Distributions Taxed?” at MAINSTREET.C...
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’ 2 Aug 2013 | 02:00 pm
“With Congress, every time they make a joke it’s a law, and every time they make a law it’s a joke.” –Will Rogers * Wonderful news to start off the BUZZ! Kelly Phillips Erb tells us “'Real Housewive...
