THE TRUMP VIRUS
OBSERVATIONS ON LIFE, LIBERTY AND THE PURSUIT OF HAPPINESS FROM ROBERT D FLACH - THE INTERNET'S "WANDERING TAX PRO"
Tuesday, August 3, 2021
AUGUST 2021
Thursday, July 1, 2021
JULY 2021
DOCUMENTING 2021 DEDUCTIONS
I expect by now you have prepared and submitted your 2020 federal and state tax returns and are waiting, patiently, for your refunds.
Did you find it difficult to compile all the necessary 2020 information and documentation to give to your tax preparer? The more organized you are at tax time the more likely you will be able to take full advantage of all deductions, credits and tax-saving strategies available. And the more organized you are the lower your tax preparation fee.
Taxpayers are required to keep good contemporaneous records and documentation of all items of income reported and all deductions and credits claimed on their income tax return in the manner prescribed by Congress, the IRS and the US Tax Code.
Go out and buy an accordion file folder. Label the first pocket “Income Tax Returns”. This is where you will put your copy of your 2021 federal and state income tax returns once completed. Use the other pockets for documentation of specific sources of income and expenses.
During the year put acknowledgements, receipts, statements and other forms of documentation for qualified expenses in the applicable pocket. If a document is not self-explanatory, write a brief description on it.
Be aware that some deductions require special record-keeping or additional information. This guide will explain in detail what documentation you need to save.
It is better to save too much documentation than too little. Even if you normally do not itemize, it is a good idea to keep records and receipts for all "itemizable" expenses just in case.
Keep records and receipts during the year with the assumption that your return will be audited. While chances are this will not happen, if your return is chosen for review it will be a blessing to have everything well documented in advance rather than having to start from scratch and reconstruct the necessary supportive documentation.
I have created the 2021 GUIDE TO TAX RETURN RECORDKEEPING to help you in gathering and organizing your tax “stuff” and help you to pay the absolute least federal income tax possible.
My guide contains detailed text covering what is taxable and deductible and what information and documentation you will need to properly prepare your 2021 tax return, and forms, schedules and worksheets for compiling and identifying the documentation you will need to provide to your professional tax preparer in 2022. It discusses in detail –
The cost of the Guide is only $10.95 sent as an email attachment – the text in pdf format and the forms, schedules and worksheets in Word format. A print version sent via postal mail is also available for $15.45.
Send your check or money order for $10.95 or $15.45, payable to Taxes and Accounting, Inc, to -
THINGS NO ONE EVER TOLD YOU
Like her mother Judy Garland, Liza Minnelli has had issues with drug and alcohol dependency over the years.
I remember a friend, also a singer, telling me that one night in the 1980s when she was with friends at New York City’s famous, or perhaps infamous, Studio 54 Liza, who neither she nor her friends knew, came up to them and said, “You must try the coke that is circulating.” She was not talking about soda.
Her signature song is, of course, “Cabaret”, from the Broadway musical of the same name. Liza won an Oscar for Best Actress in a Leading Role for her role as Sally Bowles in the movie adaptation.
The song “Cabaret” tells of Sally’s London roommate, Elsie, who dies young from “too much pills and liquor”. It was Elsie who told Sally that “life is a cabaret” and that you should live life to the fullest. In the original song lyrics, Sally sings –
“I made my mind up back in Chelsea, when I go, I’m going like Elsie.”
At a certain point starting in the 90s, after a successful stint in rehab, Liza changed the lyric when singing “Cabaret” in concert. She now sang –
“When I go, I’m NOT going like Elsie!”
LBJ TOOK THE IRT DOWN TO 4th STREET USA. WHEN HE GOT THERE WHAT DID HE SEE? THE YOUTH OF AMERICA ON LSD!
While I may be among the “last of the dinosaurs” - preparing all my 1040s manually – in some ways I was way ahead of my time.
For example, I have been using acronyms in notes and correspondence to friends, family, and clients, and in my writings, for decades before the IM, DM and texting, beginning back when, while there were lots of twits around, none of them “tweeted”. It started when I put “HVD” in the “memo” of the paychecks I wrote for employees of the Art Center in Summit back in mid-February of 1980. I started using WTF in the early 90s.
Americans have always been fascinated with acronyms – “a word formed from the initial letter or letters of each of the successive parts or major parts of a compound term”. Like FYI for For Your Information.
The world of emails and text messaging has created a whole new appreciation for and vocabulary of acronyms – BTW (By The Way), LOL (Laughing Out Loud), MIRL (Meet In Real Life), TFB (guess).
In my wanderings on the web I found an online “Internet Acronyms Dictionary” and discovered that AAAAA was not a group for drunk drivers but the American Association Against Acronym Abuse.
Government, at all levels, has always been famous for its acronyms. We all know what the FBI, the CIA, and the DMV are. And, thanks to television, we are also aware of SWAT, JAG, CSI and NCIS.
The military is especially enamored of the practice. A PFC could be promoted to become a CPO. In military speak PABST does not refer to Blue Ribbon Beer but to Primary Adhesive Bonded Structure Technology. And let’s not forget the infamous WMDs – Weapons of Mass Destruction.
Some acronyms have become actual words. A classic example is “snafu”, a military acronym for Situation Normal, All Fouled (not the original word) Up. The word “radar” is actually an acronym for RAdio Detection And Ranging, as the word “laser” is for Light Amplification by Stimulated Emission of Radiation.
I was told many years ago by, I think, a teacher that the equivalent of the “n” word for persons of Puerto Rican extraction came from a US Immigration category stamped on the papers of certain individuals arriving on Ellis Island – Spanish, Portuguese, Indian and Colored - although I cannot find any real documentation of this online. I do know for a fact that I am a WASP (While Anglo Saxon Protestant).
It is, however, an “urban legend” that the “n” word for Italians came from the fact that, as illegal aliens in the 30s and 40s, they were With Out Papers, or With Out Passport. According to Wikepedia “wop” is taken from “the Neapolitan ‘guappo’, meaning dude or thug. The word defines those who belong to the Guapperia o ‘Camorra’, a criminal organization similar to the Sicilian Mafia located mostly in the province of Campania.
Acronyms are certainly in frequent use in my profession – taxes. The AGI (Adjusted Gross Income) has been around for at least as long as I have been in the business, and there is now the non-gift bearing MAGI (Modified Adjusted Gross Income). And many are all familiar with the dreaded AMT (Alternative Minimum Tax).
TRA 86 (the Tax Reform Act of 1986) created a whole new set of acronyms. Under TRA 86 a PAL (Passive Activity Loss) needs a PIG (Positive Income Generator). There is ACRS (Accelerated Cost Recovery System) and MACRS (Modified Accelerated Cost Recovery System), both the result of FACRS (Foolhardy Acts of Congress under the Ruse of Simplification).
Many taxpayers save for retirement with either an IRA (Individual Retirement Account), a SEP (Simplified Employee Pension plan) or a SIMPLE (Savings Incentive Match PLan for Employees). One of the more complicated areas of the Tax Code concerns the NOL (Net Operating Loss).
As I have said before at THE WANDERING TAX PRO, I have often found errors in tax returns prepared by a CPA.
I belong to the NATP (National Association of Tax Professionals) and, at one time, the NSTP (National Society of Tax Professionals) – as well as AAA (Automobile Association of America) and AARP (American Association of Retired Persons). Over the years I have also briefly belonged to the ASTP (American Society of Tax Professionals) and the NSA (National Society of Accountants). I have often attended tax seminars sponsored by the CSEA (California Society of Enrolled Agents).
I have been using WTF for years. Back before my mentor Jim Gill retired and handed me his tax practice, he had given me a return to work on. Included with the client’s “stuff” was a listing of deductions on which there was one item whose nature I was unsure of. So, I wrote “WTF?” next to it and put it in the “Need More Information” box. A few days later Jim said that the client had been in and they were not sure what I had meant – but thought it might be “What’s This For?”. I told him he was close and explained what it actually stood for.
I use certain specific acronyms in my blog postings. Those of you who read THE WANDERING TAX PRO are aware that I hate GD extensions. A client asked what the GD stood for and I told him “exactly what you think it stands for!” It is not Government Deferred or anything like that. I often speak ill of the DFB’s in Trenton or Washington, a reference to our federal and state elected representatives, and provide the “clean” version as Damned Fool Bureaucrats, although that is not really what it stands for. When I discuss a FU you could interpret this as a Foul Up, but you would be wrong. Again, it is exactly what you think it stands for. FFR is For Future Reference and SGTM is Sounds Good To Me.
Regular visitors to THE WANDERING TAX PRO know that I end each day’s post with TTFN (Ta Ta For Now).
AND AWAY WE GO!
There has been a long-standing tradition of making successful television shows out of popular Broadway plays and theatrical movies, from THE NAKED CITY, TOPPER and MR LUCKY to MASH, THE ODD COUPLE, and ALICE. A while back Hollywood began to reverse the trend, making inferior films based on successful television series.
The first tv series based on a play and/or movie was MAMA, based on the 1944 play and 1948 movie I REMEMBER MAMA. The show ran on CBS from July 1, 1949 to July 27, 1956. The cast included a young Dick Van Patten of EIGHT IS ENOUGH.
The second series taken from a play and/or movie was THE FRONT PAGE, starring real life journalist John Daly (who would later become famous at the host of WHAT’S MY LINE) as newspaper editor Walter Burns. It had a brief run from September 29, 1949, to January 26, 1950.
The third movie turned into a television series was THE LIFE OF RILEY, a successful radio comedy that was made into a movie in 1948. Both the radio show and the movie, and eventually the tv series, starred William Bendix as Chester A Riley. But Bendix was not tv’s first Riley.
Television’s first Chester A Riley was none other than “honeymooner” Jackie Gleason.
William Bendix was supposed to have starred in the initial television version, but his RKO Radio Pictures movie contract prevented him from appearing.
The first series was telecast from October 4, 1949 to March 28, 1950. It won television's first Emmy, for "Best Film Made For and Shown on Television". According to Wikepedia it came to an end because the producer and the sponsor, Pabst Brewing Company, reached an impasse on extending the series for a full 39-week season.
The show returned on January 2, 1953, with a totally new cast that now included William Bendix as Chester A and Marjorie Reynolds as Mrs. Riley, and lasted for 6 seasons. I remember watching it as a child.
Speaking of first actors to appear in a role and Jackie Gleason – Audrey Meadows, who became famous as Alice Kramden on the iconic HONEYMOONERS tv show, was not the first actress to portray Alice on tv. The original Alice Kramden, to Jackie Gleason’s Ralph when “the Honeymooners” first appeared as a regular series of skits on the DuMont Network's "Cavalcade of Stars" was Pert Kelton.
Kelton appeared in the original 10 to 20-minute sketches. She was abruptly replaced by Audrey Meadows as a result of blacklisting - the practice of denying employment to screenwriters, actors, directors, musicians, and other American entertainment professionals during the mid-20th century because they were accused of having Communist ties or sympathies, a practice that grew out of Joseph McCarthy’s House Un-American Activities Committee witch hunt. Instead of acknowledging she was being blacklisted, the producers explained that her departure was based on heart problems.
Kelton is most famous for her Broadway role as Mrs. Paroo, the Irish mother of the town librarian Marian Paroo, in Meredith Willson's Broadway musical THE MUSIC MAN, a role she reprised in the 1962 film version of the show.
FYI – Broadway legend Elaine Stritch played Trixie, the burlesque dancer wife of Ed Norton, for one sketch before being replaced by Joyce Randolph.
CALLING A SPADE A SHOVEL
Let’s be honest.
If you continue to believe, support and defend Trump you are –
1. a moron, or
2. a racist, or
3. you have no conscience, or
4. like Trump himself, all three.
There is absolutely no legitimate or acceptable reason for any intelligent American with a conscience who cares anything about America to support and defend Trump and his lies.
In the history of our country no one individual has ever done more damage to America, American values and American democracy than Donald T Rump.
Period. End of story.
SURFIN’ USA
ALWAYS LEAVE ‘EM LAUGHING
A husband and wife were sitting on their patio enjoying a glass of wine. The wife said, “I love you so much I don’t know how I could ever live without you.”
The husband asked, “Is that you or the wine taking?”
The wife
replied, “It’s me – talking to the wine!”
TALK TO YOU
NEXT MONTH
Please share this “issue” with your friends and
family. Your comments on this issue are welcomed – email me at rdftaxpro@yahoo.com with BOBSERVATIONS COMMENT in the “Subject Line”.
Copyright © 2021 by Robert D
Flach
Tuesday, June 1, 2021
JUNE 2021
I’m back! The tax filing season – my 50th – is finally over, so I am back to thinking about non-1040 stuff.
THE BIGGEST PROBLEM FACING AMERICA TODAY!
The biggest problem facing America today is not COVID-19.
The biggest problem facing America today, and the biggest threat to the future of America, is the sad fact that about 74 Million Americans are either ignorant, racist, have no conscience, or, like the Presidential candidate they voted for in November 2020, all three.
There was, and is, absolutely no intelligent, legitimate, rational, or acceptable reason for anyone to support and defend Trump. Period. It has nothing to do with political philosophy or policy. It has nothing to do with conservative vs liberal. It has to do with the character, or total lack thereof, of Donald Trump.
In the history of the United States no one person has ever done more damage to America, American values and American democracy than Trump.
Trump is totally devoid of humanity and integrity. He does not possess a single redeeming positive human quality or value. He is clearly the absolute worst human being to ever hold national public office in the history of the United States and obviously the worst US President in history.
Trump and his words and deeds are indefensible. And support and defense of Trump and his words and deeds is indefensible.
America needs to do better at educating its citizens at all levels. We need to work harder to combat racism and bigotry. Intolerance must never be tolerated.
Religious organizations that profess to follow the teachings of Christ must follow and promote the actual teachings of Christ. Fundamental to these teachings is that, if there is a God, red, yellow, black, brown, white, gay, or straight all humans are “precious in his sight”.
And tolerance of Trump’s crimes and “sins” must never be tolerated.
What is most important right now is that Trump be investigated, indicted, prosecuted, convicted, and incarcerated for his multitude of federal, state and local crimes. Trump MUST be held accountable – and we MUST send a message to the future that his actions will never be tolerated by anyone at any level.
And it is also vitally important that the current despicable and deplorable Republican Party be condemned and that Americans with a brain and a conscience, whether liberal, progressive, moderate, conservative, or libertarian, oppose, denounce and vote against all Republican candidates at all levels who do not publicly and aggressively disavow Trump and his lies.
THINGS NO ONE EVER TOLD YOU
Since it has been a few months since I published BOBSERVATIONS this issue I am giving you a two-fer.
Did you know that the screenplay for 1963 movie THE BIRDS, loosely based on a 1952 short story by Daphne du Maurier, was written by novelist Evan Hunter, the same author who wrote the 87th Precinct police procedurals under the pen name Ed McBain and who wrote BLACKBOARD JUNGLE as Evan Hunter?
Evan Hunter was itself a pen name. His real name was Salvatore Albert Lombino. He used the name Evan Hunter because of prejudice against writers with foreign names. He also wrote as John Abbott, Curt Cannon, Hunt Collins, Ezra Hannon, and Richard Marsten.
Hitch wanted a “serious” novelist to write the screenplay, and Hunter had written episodes of Hitchcock’s tv series.
The film’s ending has the car with Rod Taylor and Tippi Hedren driving slowly out of town in their sports car, crossing a bird-infested landscape as dawn breaks overhead. But that was not how it was supposed to end.
Evan, or Ed, or Salvatore, told me an original ending of the film had them driving into San Francisco and seeing the Golden Gate Bridge covered in birds, indicating that the havoc was not localized.
Hitchcock also did not want the words “THE END” to appear on screen, but it was added by the studio.
As promised this installment is a “twofer” – two things Evan, or Ed, or Salvatore, told me. I met him, and his beautiful wife, twice decades ago – as a guest lecturer on a mystery-themed transatlantic cruise on the QE2 and as a participant (playing one of the characters) at a murder mystery week-end at the Mohonk Mountain House in upstate New York.
Why did he write the 87th Precinct series under the name Ed McBain?
When Earle Stanley Gardner decided to stop writing the very popular Perry Mason books his publisher wanted a new series to replace this big money-maker. They approached Evan Hunter, who created the 87th Precinct series.
Back in the 1950s, unlike today, detective and mystery fiction was considered “pulp” and B-list writing, and its writers were considered B-list writers. The pen name of Ed McBain was used for the 87th Precinct series so Evan Hunter’s reputation as an A-list “serious” and “legitimate” novelist would not be “tarnished”.
That’s what he told us.
IS A PUZZLEMENT
For years I have found myself faced with many questions – longing for answers.
Some answers are self-evident. Why do fools fall in love? Well, after all, they are fools, aren’t they?
I have determined the answer to some questions based on history and experience. When will they ever learn? Probably never.
Some questions will probably never be answered. What’s it all about, Alfie? A totally unnecessary remake could shed no new light on the question.
With some questions the answers will eventually be revealed over time. Will you still need me, will you still feed me when I'm sixty-four? Actually I’m 67 and the answer is yes.
Some are no longer relevant. Where have you gone, Joe DiMaggio? Joe went to his “final audit” in 1999.
And I have given up on others. Does your chewing gum lose its flavor on the bedpost over night? Easy enough to find out – but who cares? Actually, I don’t have a “headboard” as I sleep on a convertible couch.
There are still questions that haunt me.
I, too, wonder how are things in Glocca Morra. But I have yet to pay a visit to the Emerald Isle.
I would really like to know what the mama saw. All I know is that what the mama saw it was against the law.
I also want to know what Billy Joe MacAllister and friend threw off the Tallahatchie Bridge when they were seen by Brother Taylor.
And while we are at it – I always did wonder why Mr. Baker’s secretary had to leave Harper Valley.
Actually, I did get an answer to one question. One of my long-time 1040 clients has told me what Billy Joe MacAllister and his friend were throwing off the Tallahatchie Bridge when they were sighted by Brother Taylor.
Here is what Bobbie Gentry told an interviewer -
"It's in there for two reasons. First, it locks up a definite relationship between Billie Joe and the girl telling the story, the girl at the table. Second, the fact that Billie Joe was seen throwing something off the bridge -- no matter what it was -- provides a possible motivation as to why he jumped off the bridge the next day."
I suppose that, like “what the mama saw” in the Paul Simon song, there was no specific item in mind when the song was written.
The song was so popular that nine years after its release, in 1976, Warner Bros adapted it into a movie, directed and produced by Max Baer, Jr (aka Jethro Bodine) and starring Glynnis O’Connor and Robby Benson. In the screenplay, and its novelization, Billy Joe kills himself after a drunken homosexual experience, and the object thrown from the bridge is the narrator's ragdoll.
FYI, according to Wikepedia -
“The song ‘Ode to Billie Joe’ was originally intended as the B-side of Gentry's first single recording, a blues number called ‘Mississippi Delta’, on Capitol Records. The original recording, with no other musicians backing Gentry's guitar, had eleven verses lasting seven minutes, telling more of Billie Joe's story. The executives realized that this song was a better option for a single, so they cut the length by almost half and re-recorded it with a string orchestra. The shorter version left more of the story to the listener's imagination, and made the single more suitable for radio airplay.”
Now I still want to know why Mr. Baker’s secretary had to leave Harper Valley.
WE’RE NOT IN KANSAS
NEW JERSEY ANY MORE
I moved from metropolitan New Jersey – across the “pond” from the Big Apple - to rural North East Pennsylvania in 2012, going from a “blue” state to a “red” state. Things are a bit different here in “the country”. For example -
(1) I never thought I would hear this in a holiday season radio advertisement -
“A new luger under the Christmas tree will mean a lifetime of pleasure!”
The thought had never occurred to me.
I realize here in the country guns and hunting are often a part of everyday life, but this still sounds wrong to me.
My first introduction to the proliferation of guns in my new home was when I learned that one of the items you can use to verify your identity when renewing your PA driver’s license is your gun license.
(2) One day while reading the “Do Something” column of the local newspaper I came across the announcement for a “Manure Management Workshop”.
And it had nothing to do with politics.
(3) My first time voting as a Pennsylvania resident was the 2012 Presidential election.
As I introduced myself to the panel at my polling place and was signing in the Republican challenger, who had overheard that I was a new PA resident, came over to welcome me, publicly announcing (I assume jokingly) –
“Here in Pennsylvania the Republicans pay $20.00 per vote.”
My response –
“I just came from Hudson County, NJ where the Democrats paid $25.00 per vote.”
FYI, in Hudson County NJ it is, or at least at one time was, practically illegal not to vote Democrat. And we were told by the local Democratic Party to vote early and vote often, and to remind our deceased relatives to also vote early and often.
I was not upset or offended by the challenger’s greeting, and accepted it as a joke. But I couldn’t help thinking that if he had said that to me at a Jersey City polling place he would have been promptly evicted and escorted to jail.
By the way – I actually did vote Republican in that election (I will NEVER vote for a Republican again – see http://bobflach.blogspot.com/2021/05/the-no-gop-pledge.html), but never got my $20.00!
(4) All kinds of weird stuff happened locally when I lived in Jersey City, and nothing I would read in the Jersey Journal would surprise me. I thought I had escaped all the crazy people and happenings when I moved from the city to the country
But what is described in the following headline, which appeared shortly after my move, never occurred (to my knowledge anyway) anywhere in Hudson County NJ -
“Pennsylvania Man Jumps Out of Window, Gnaws Woman’s Head in Bloody Attack.”
What happened?
“Richard Cimino Jr., 20, was arrested in Hawley, Pa. after he allegedly broke into a house before emerging from a window naked and bloody then began to chew on a passing woman’s head in a so-called ‘cannibal’ attack.”
Fortunately, it was a truly unique incident and nothing near as bizarre has been reported since.
Of course, now that I live in NEPA my auto insurance premiums have been cut in half (and, before Obamacare, so were my health insurance premiums), the total real estate taxes on my condo are just slightly over $600, the air is cleaner, life is more relaxed . . . the list goes on and on.
SURFIN’ USA
So, you filed your 2020 tax returns and, good news, your Uncle Sam owes you a refund. But you haven’t gotten it yet.
DO NOT contact the tax professional who prepared your returns and ask where your refund is!!!!!
There is absolutely nothing any tax preparer can do to expedite your refund, and nothing he or she can do to learn the status of your refund that you cannot do yourself.
Be aware that returns requesting a “Recovery Rebate Credit” will take longer than “normal” returns to be processed.
To find out the status of your federal tax refund go to http://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp and enter the requested information.
The website of each state tax agency should also have a similar “Where’s My Refund?” feature. For example, for NJ state returns go to http://www20.state.nj.us/TYTR_TGI_INQ/jsp/prompt.jsp.
ALWAYS LEAVE ‘EM LAUGHING
Sherlock Holmes and Dr. Watson go on a camping trip. After a good dinner and a bottle of wine, they retire for the night and go to sleep. Some hours later, Holmes wakes up and nudges his faithful friend.
"Watson, look up at the sky and tell me what you see."
"I see millions and millions of stars, Holmes," replies Watson.
"And what do you deduce from that?"
Watson ponders for a minute.
"Well, astronomically, it tells me that there are millions of galaxies and potentially billions of planets. Astrologically, I observe that Saturn is in Leo. Horologically, I deduce that the time is approximately a quarter past three. Meteorologically, I suspect that we will have a beautiful day tomorrow. Theologically, I can see that God is all powerful, and that we are a small and insignificant part of the universe. What does it tell you, Holmes?"
Holmes is silent
for a moment. "Watson, you idiot!," he exclaims. "Someone has
stolen our tent!"
TALK TO YOU NEXT MONTH
Please share this “issue” with your friends and
family. Your comments on this issue are welcomed – email me at rdftaxpro@yahoo.com with BOBSERVATIONS COMMENT in the “Subject Line”.
Copyright © 2021 by Robert D
Flach