More problems for charities, not only has the government talked about cutting their subsidies, now there is talk about capping the amount of deductible charitable donations per household. See this by Michael Cohn in AccountingToday:http://www.accountingtoday.com/news/Congress-Considers-Cap-Charitable-Deductions-65709-1.htmlThis could be a giant mistake; without charitable intervention in a lot of situations, who is going to help some of these people. Maybe the Government will take that over too! Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: IRS Asks Preparers and Taxpayers to Limit Use of ‘Where’s My Refund’ Tool
This is a good one! The IRS creates the “Where’s my Refund” link on their website; now they tell people not to use it! Actually it appears that people are checking the site so frequently it is overloading it. See this in Accounting Today by Michael Cohn for more tips and details:http://www.accountingtoday.com/news/IRS-Asks-Preparers-Taxpayers-Limit-Use-Wheres-My-Refund-Tool-65707-1.html?ET=webcpa:e6706:204199a:&st=emailActually the IRS is right: check the site in the evening and know that it probably won’t change until the next day. If you check too often you will overload the system and cause the government problems. (No one wants to cause the IRS problems, do they?) Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Six Places To Stash Your Tax Refund
Well, when you finally get that tax refund, what are you going to do with it? (Vacation, car, Vegas?) Well here are some ideas from Ashlea Ebeling in Forbes:http://www.forbes.com/sites/ashleaebeling/2013/02/12/six-places-to-stash-your-tax-refund/?ss=personalfinancePersonally I like the idea of using some of the money in either a Roth or Traditional IRA. Saving for retirement is never a bad idea.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com