Dear Family,

Well, the secret is out. IRS is on the auditpath again. Target - S Corporations

The good news - only 5,000 returns out of over 3 million will be audited. Yours is apt to be missed.

The bad news - the selection is totally random, so good tax reporting won't matter.

To keep up with the news on that, stay tuned here to TaxMama.com. But my buddy at AccountingWeb has generously offered a gift of a Lifetime Premium subscription to AccountingWeb.com to TaxMama's tax and financial professionals. Use this link to get the no-cost premium membership.

For a change of pace, Jacqueline and Patty have Fermented Cherries in their Friendly Haven.

Hmmm...maybe that explains the actions of my squirrel last week. No, Gnawing branches and carrying the leafy camouflage in front of his face while he stalks his shadow, nah, that can't be written off to fermented orange juice. Maybe under-ripe black walnuts?

Did you know that paperback books were introduced on July 30, 1935? The first Penguin paperback was published by Sir Allen Lane at London. Penguin number 1 was Ariel, a life of Shelley by Andre Maurois. You can see it here.

Soon, paperbacks will be replaced by e-book readers which contain 20 or 30 books at one time in the same amount of space. So, it's important that we all preserve this art form, which will have less than 100 year life-span.

To celebrate, I think I'll run out and buy a bunch of paperbacks! I think they're the greatest invention since the lightbulb - and the flashlight that let you read under the covers so you parents did know you were still up. (uh, yeah..)

Have a lovely weekend.

Best wishes,
Eva Rosenberg, EA
Your TaxMama is watching...out for you.

President Bush and Social Security
If you want to express your own opinion on Social Security to President Bush and your legislator's, please feel free to use the link at the bottom of this letter.