- quote -

Agreed!

IMHO it should be retroactive to 1/1/2009.

It would return a sense of fairness to those of {us}/who purchased a NEW
auto in the current tax year, to date all who have will not be allowed to
partake in this deduction.

I forsee a number of disappointed taxpayers, like those who took advantage
of traditional President Day Sale Promotions today & this past weekend.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Dick Adams wrote:
- quote -

Well, yeah, I guess. BUT... sounds like being an auditor is SO borrrriing!

At least for us the changes each year are challenging and keep us on our
toes!

ChEAr$,
HL

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Taxmanhog wrote:
- quote -

I THINK the sales tax deduction isn't effective until the day president
signs the bill. And looks like he's in no hurry to do this. Maybe
tomorrow?

ChEAr$,
Harlan Lunsford, EA n LA

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

- quote -

I am guessing there will be plenty of disapointed folks who purchased a New
Auto between 1/1/2009 & 2/16/2009. Left out in the cold on the sales tax
deduction.

Get ready to argue with them Spring 2010 when you have to tell them they can
not deduct the sales tax on thier 2009 return.

Unless someone fixes this with a TAMRA.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Harlan Lunsford <lunstax[at]bellsouth.net> wrote:

- quote -

It is also the CPE Providers Revenue Enhancement Act.

The nice thing about being an Auditor or a Managerial Accountant
is that the rule changes are rarely devastating. This is because
they are written by professionals with a compresensive understanding
of the subject matter and a comprehensive understanding of the
consequences. Or to put it in simple terms, they are logical -
something that occurs in tax legislation sporadically.

Dick

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Harlan Lunsford wrote:
- quote -

Yes, that was good for a chuckle yesterday. But this morning the hairs
were raised on my head and I got chills reading the latest mystery which
changes the IRC in 300 different places! BRrrr!.
Yes, it was CCH's capsulated version of the brand new TAFEA.
(tax accountants' full employment act)

ChEAr$,
Harlan Lunsford, EA n LA

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

lotax[at]hotmail.com wrote:
- quote -


thanks, I needed a chuckle after a rather taxing day at the office.

ChEAr$,
Harlan Lunsford, EA n LA

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

On Feb 14, 9:20*am, lo...[at]hotmail.com wrote:
- quote -

Whoever does tell them might expedite their correction process by
providing this reg citation and quote.

§54.4974-2 ... The tax is equal to 50 percent of the amount by which
such required minimum distribution exceeds the actual amount
distributed during the calendar year. ...

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

On Feb 14, 6:20*am, lo...[at]hotmail.com wrote:
- quote -


I think you could do it by sending an e-mail to service[at]dolans.com.

Katie in San Diego

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

According to www.dolans.com, "...If you fail to withdraw from a
traditional, SEP or Simple IRA in a given year after you turn 70 ½,
you'll be required to pay additional taxes on 50% of the amount you
were required to withdraw." Who wants to tell them they're wrong,
again?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >