TaxMama’s Tax Roundtable

REPLAY today’s session – you can listen and SEE the session

Today’s topics included:

• Introductions of the participants
• Testing of microphones ;~)
• Questions about the EA Exam Review Class starting tonight
• Discussion of IRS bizarre notice –
  •  long-term care insurance distributions that IRS is questioning
  • Odd rejections of homebuyer credits
  • IRS not willing to proide guidance on issues
  • Making taxpayers guess
• IRS is not the source of the laws – Congress is.
• Discussion about alternative tax systems and potential efficacy
  • Brief overview of Fair Tax
  • Brief overview of Flat Tax
  • Brief overview of VAT
  • What would be audited under such systems
• Playing with the polling system
• Tax Software
• And more