IRS Misdated Notices – Some Mystery Remains
It would seem that unless I have a very bad sample, the percentage of misdated notices that went out without explanatory inserts is substantially more than the minuscule percentage reported by the IRS. Something tells me we will be reading a TIGTA report about this. Well, I’ll probably read it. Whether I report on it or not will be determined by my mood and what else is going on.
Second Stimulus Check – Wait For Something To Pass
Way back on June 1, 2020, which seems like eons ago, HR 6080 was passed by the House of Representatives and went to what is usually the final resting place of anything the House passes – the Senate.
The bill included an additional “rebate amount” of $1,200 plus $1,200 for each dependent up to three. Phaseout starts at $75,000 single, $112,500 HOH and $150,000 joint modified adjust gross income. The modifications relate to exclusions for income earned outside of the fifty states and DC
Follow Me
Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.