Our rulers are too busy spending our money like the proverbial drunken sailors to be able to find any time to extend tax breaks.

Getting Creative with Life Insurance – From Practical Accountant magazine.

Pros and Cons of Hiring Independent Contractors – From Nolo Press.

Rolled-over cash might not be secure

Wealthy now turning to accountants for more than just tax advice – A natural extension of our services.

US Support of Global Tax Group Is ‘Ridiculous,’ Senator Says – The idiocy of a new global tax on US citizens should be self evident to those bright enough to be reading this blog.

Postponing Required Minimum Distributions From IRAs – From Gail Buckner

Fractional Gifts. Having your art and selling it. – Obscure change in the rules for some charitable donations

IRS working to trim a bit of Form 1040’s red tape – And we all know how well they’ve done at simplifying things in the past.  That, along with the Dems’ threats to raise tax rates, will ensure a never-ending workload for us in the tax practitioner community.

I rarely digress from tax and finance related topics, but if I can’t use this space to help family members, what good is it?

After analyzing the amount of income generated from all of the time she has spent on her online jewelry sales business, Sherry has made the difficult decision to cut her losses and shut it down. Stuck with a ton of inventory, she has chosen to slash the prices to less than she paid just to get rid of it.

You can see what she has available on her website. They make excellent gifts; so you can start your holiday shopping now.

[Update] Everything has been sold.