Dear Family,
It’s been one heck of a week. Trying to dump this flu, and meet all my deadlines, and teach three classes, and stay awake. Through a sheer effort of will, I managed to survive. But let me tell you, sleep was just an eyeblink away. By Monday, I will finally have shaken this flu.
If you haven’t already gotten flu shots – do it NOW. I don’t ever remember having been brought down so low, for long. Ever. Usually, I can sleep it off in about 2-3 days. So, avoid this one if you can!
In the tax world? The state of California finally passed a budget which seems to be balanced on the basis of charging sales tax to Amazon.com and similar online retailers. The provision is loosely called the Amazon Bill. This is a provision I, and the Performance Marketing Association have been fighting against for years. We knew what would happen. (See this YouTube Video). Well, I have been hearing from a lot of people, and reading about schools and other non-profits who have relied on affiliate income to fund their programs. Here’s how the Amazon Bill will most likely affect California’s coffers.
In today’s Money Funnies & Inspiration, we share a SMILE! Please, pass it on.
In IRS News, we have a fascinating report about a tax preparer who falsified his clients’ tax returns AFTER they signed their efile forms – and pocketed refunds. David and Mary Mellem, EAs, give us an interesting analysis from the office of IRS Counsel about how this fraud affects the taxpayers.
A Week of TaxMama’s TaxQuips
Ironically, we end this week with a tax preparer who made errors on H A’s tax return – and help her deal with it. Then, Kandi’s friend wants to take money from his IRA to lend to her, but doesn’t have to pay all the taxes for drawing the money out, especially since he’s under age 59 ½. Kathy owes IRS a bunch of money and is asking about how to control her payments, to, perhaps stretch things out until the older debt is beyond the statute of limitations.
Left over from last week, Judy is trouble and needs a tax negotiator who won’t rip her off. Where does she turn? And last, MR needs a letter from his employer, the TSA, about his employee reimbursements for an IRS audit. His boss refuses to provide one. What can he do?
