Author Archives: Misty

End to the Payroll Tax Holiday

I don’t know if you heard, but the AARP does not support an extension of the Social Security tax cut scheduled to expire at the end of 2012. Neither does the Obama administration. Romney remains silent on the matter which … Continue reading

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Finding My Strengths

I moderated a mini-StrengthsQuest seminar for my co-workers today. If you aren’t familiar with the Now, Discover Your Strengths book by Buckingham/Clifton, you should really check it out. The online assessment that comes with the book identifies your top “Themes”. … Continue reading

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Freed from the Burden

Understatement of the year — the tax code is complicated. Have you ever looked at the instructions to most tax forms? The IRS prints an estimate of the amount of time required to complete the form – or as they … Continue reading

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Feeling Grateful

My Google mailbox flashes snippets of news, the word of the day and thought-provoking quotes. Today’s quote from William Arthur Ward was “Feeling gratitude and not expressing it is like wrapping a present and not giving it.” I hate to … Continue reading

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Living together doesn’t always get you benefits

The IRS has won one against folks who are dating and living together. A couple in Massachusetts were dating. She moved into his house that he had purchased by himself. They agreed to share in the expenses of the household, … Continue reading

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Taking the fun out of fundraising – Booster Club Fundraising

Friday night lights, football uniforms, cheerleaders, marching bands, nachos with bright yellow cheese served by Booster Club parents. All signs that fall has arrived in Texas. But the summer is when the action begins. The stadium needs a new scoreboard; … Continue reading

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Keeping your financial records safe

I helped my mother move about a year ago. Prior to moving she wanted to clean out her file cabinet that had become so congested that it was coughing out papers every time you opened a drawer. She is a … Continue reading

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Who’s in the group?

As a tax professional who has worked a lot with nonprofits, you’d think that I would understand group exemptions better – but, frankly, they have always been a bit mysterious to me. There are evidently over 4,300 group exemptions that … Continue reading

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Tax exemption revoked for 275,000 organizations

The IRS has released the list of over 275,000 nonprofit organizations that have lost their tax-exempt status as a result of failing to file a tax return for the last three years. Many of these organizations are no longer in … Continue reading

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Don’t look a gift horse in the mouth (Part II)

I talked about gift tax returns in Part I of this blog (a long time ago, I know, but one thing leads to another and you are a month behind). Back to business…Sometimes a gift doesn’t look exactly like a … Continue reading

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