Just a couple random observations today:
1. Hurricane Sandy – Have you ever seen the looting that goes on when there are major storms and disasters? Well, there is a distinct probability that we will see internet “looters” who don’t actually go and affirmatively steal things, but who lure victims to send them payments. Beware of websites that purport to be charities raising money for victims of Hurricane Sandy — they could be a scam. You can check on the tax-exempt status of the organization to determine how much you’re going to trust them. Do this BEFORE you donate! No need to run it by your tax attorney; just follow this link to the Exempt Organizations Select Check on the IRS website.
2. Obamacare Form – Americans for Tax Reform has prepared a “projected” tax form to assist taxpayers with their obligations under Obamacare. This is so bizarre to me. What a strange gimmick. First of all, who has time to put together a complete form along with instructions based on what they think the IRS is going to require? Second, who is really going to use this form when the individual mandate does not take effect until 2014? Tax relief may be a top priority these days, but people just don’t plan that far in the future. Props for style though; it looks just like an actual IRS form.