Wednesday, February 9, 2011

Another Look At "Not Even Once"

Some thoughts to ponder for today ... Christ speaking in John 13:15-17 "I have given you an example, ye should do as I have done unto you. ... If ye know these things, happy are ye if ye do them."  John 14 has some heartwarming thoughts as well, I comment on them here:  http://tinyurl.com/6468skw

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For all of you who are working on Willyne's mantra "Not Even Once!", maybe this message from my tax and money blog today will interest you ...

I believe the fastest way to get a "love letter" from the IRS is to ignore your gambling "winnings" when you file your tax return. I know what you're thinking. It's either "they already withheld taxes at the casino, so that took care of it" or "I lost more than I won, so that means I don't have to report it". Wrong and wrong.

The saddest example of this that I've seen was a fellow who came in my office one day to see if he needed to file a tax return. He was single, 72 years old, and living on a $800 monthly pension and his social security. I asked him all the usual questions, and all I could get out of him was a statement from his bank showing he had earned $0.37 in interest on his savings account for the year. He specifically said he had no gambling winnings. So I told him his pension was below the limit for needing to file a tax return, and at his income level his social security wasn't taxable.

Several months passed before I saw him again, this time red faced, beyond angry, and clutching an IRS letter saying he owed them over $3,100 because he didn't file his tax return. Of course, I was guilty until proven innocent.
 
If you'd like to read "the rest of the story" click here:  http://nblo.gs/e5DwH

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In my world of trying to improve my energy and health, I visited with Dr. Richards today, and my PSA is holding at 0.03 (nearly imperceptible).  I am very thankful.  I came home and celebrated by passing the 30 mile mark with terreeeblay, you can read more at:  http://terreeeblay.blogspot.com/2011/02/33.html

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My mother called this evening with interesting news from her visit to the family history center ... she met a new third cousin, which means of course I do too, one time removed.  Her great grandmother, Phoebe Jane Cudney is brothers to the workers' great grandfather.  She has the family group sheet information written down, which I am excited to see!

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