Dear Family,
The first bit of news this morning was that Jack Kevorkian has died. What a bold, amazing man he was, campaigning for the right to assisted suicide. Of course, none of the obituaries I’ve seen answer the question that’s on everyone’s mind. Did Jack get an assist?
It’s been a busy week around here. Didn’t we lose a day this week? Ah, that’s why it seemed to go so quickly! Naturally, I am still at least two weeks behind on my commitments. But, hey, isn’t that what they say? Get a busy woman to do it!
Of course, that means I’ve accepted more teaching commitments, requiring lots more in-depth research so the class material is both accurate and entertaining. It actually helps to understand what you teach. That doesn’t always happen. In fact, last night, someone actually explained a term to me that has meant, essentially nothing but gibberish to me until now. (They were just words to memorize.) Neato!
IRS has been busy releasing lots new information related to regulating tax professionals. We’re still in the dark about the training and educating of this new cadre of registered tax return professionals (RTRP). But they will be releasing more information sometime this year. I’ve been including notes about this all week, in the daily TaxQuips e-mailed newsletter. No need to bore you further here. I’ll give you solid news when we get it.
Meanwhile, today’s IRS News includes signs of an improving economy – or are the signs premature? You decide! IRS is accepting applications from folks who want to operate low-income tax clinics to help people with tax problems. (Toni, are you paying attention?) There’s information about how to protect your records before the next disaster comes along. Since we’re all living in areas where things happen, this is good information. (West-earthquakes; South and East – hurricanes, tornadoes and floods; North – besides intense cold, what DO you get in the north???)
Today’s Money Funnies is all about how some things never change. This how real people feel, even at the pinnacle of success.
A Week of TaxMama’s TaxQuips
We start the week with Michelle who wants to roll over her thrift account to a Roth IRA and wants to know the tax consequences. Karaya has filed an Injured Spouse claim and IRS sent it back to her. What did she do wrong? We end the week with Alyx who wants to take an exotic cruise with her husband – and write it off as a board meeting for their S Corporation. Can she get away with that? TaxMama knows all and explains all!
