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No Change in IRS Interest Rates for the First Quarter of 2005 - Will remain at 5.0% for at least three more months.
IRS Considering Mandatory E-Filing for Business Returns - Not a good idea. As I've mentioned on countless occasions, electronic filing does not allow attachment of additional explanatory info to prevent unnecessary audits.
Charities React to New Vehicle Donation Rules - I have been hearing a lot of these commercials lately, encouraging people to donate vehicles before the end of the year in order to receive a higher deduction than will be possible starting in 2005. It's basically an invitation for people to cheat on their deductions. I don't intend to encourage any more excessive scrutiny by IRS; but this is almost a no-brainer for an opportunity on their part to check on inflated values being assigned to donated vehicles.
Avoid Common 401(k) Investing Mistakes
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 12/02/2004 10:05:00 PM Send this post:
