02/28/2010 Show of hands, please – how many people out there are NOT in favor of simplifying tax law? Ah, just as I thought, not one hand went up. Not even mine and I make my living on the complications of tax law. We haven’t seen a real effort in Congress to simplify tax law… Continue Reading
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Monthly Archives: February 2010
MUNI BONDS – Chapter 9 Bankruptcy of Municipalities
02/18/2010 In these perilous economic times, we toss around terms related to bankruptcies – Chapter 7, Chapter 11, Chapter 13. But honestly, who has heard of Chapter 9? If you hold municipal bonds in your portfolio, Chapter 9 could be looming on your investment horizon. Chapter 9 – horror of horrors – is reserved for… Continue Reading
Sierra – Farewell
02/18/2010 Sierra died yesterday. She arrived in the neighborhood eight or nine years ago – a happy stray looking for a forever home. We made eye contact and she moved in immediately. Over her tenure as chief dog in our household and office, she tirelessly greeted clients as old friends, showed great discretion (she loved… Continue Reading
HOW LONG SHOULD I KEEP TAX AND FINANCIAL RECORDS? IS FOREVER AN OPTION?
02/03/2010 In December and January, we purged files, tossed out old books, cleaned down to the crevices in all the office nooks and crannies. The shredders ran steadily. All of us at Zaffore CPAs have a whole new lease on work life – it feels great to get the clutter GONE. It clears the cobwebs… Continue Reading