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	<title>Fairmark.com &#187; General Taxation</title>
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	<link>http://fairmark.com</link>
	<description>Taxes and investing in plain language</description>
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		<title>Coming Clean on Wash Sales</title>
		<link>http://fairmark.com/wash-sale-rule-unclear/</link>
		<comments>http://fairmark.com/wash-sale-rule-unclear/#comments</comments>
		<pubDate>Thu, 10 May 2012 12:53:38 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[Capital Gains]]></category>
		<category><![CDATA[General Taxation]]></category>
		<category><![CDATA[Taxation of Investments]]></category>
		<category><![CDATA[Trader Taxation]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1578</guid>
		<description><![CDATA[The wash sale rule is a lot more complicated than it appears, and there are unanswered questions about some aspects of its workings.]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Roth IRA Can&#8217;t Hold S Corp Stock</title>
		<link>http://fairmark.com/roth-ira-cant-hold-s-corp-stock/</link>
		<comments>http://fairmark.com/roth-ira-cant-hold-s-corp-stock/#comments</comments>
		<pubDate>Mon, 26 Mar 2012 17:03:18 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[General Taxation]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1512</guid>
		<description><![CDATA[We like the idea of funding retirement accounts with traditional investments, such as publicly traded stocks, bonds and mutual funds. Some people think they can do better if they set up a &#8220;self-directed&#8221; IRA, often with unfortunate results. A recent case involving a transfer of S corporation stock to a Roth IRA is a case [...]]]></description>
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		<title>Registered Return Preparer Exams</title>
		<link>http://fairmark.com/registered-return-preparer-exams/</link>
		<comments>http://fairmark.com/registered-return-preparer-exams/#comments</comments>
		<pubDate>Wed, 23 Nov 2011 18:24:06 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[General Taxation]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1498</guid>
		<description><![CDATA[The IRS is gearing up a program under which paid return preparers must meet certain requirements, including passing a competency exam, unless they hold certain credentials (for example, attorneys, CPAs and enrolled agents). The deadline for passing the exam is December 31, 2013. According to an information sheet released by the IRS, the 2½-hour exam [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>2012 Inflation Adjustments</title>
		<link>http://fairmark.com/2012-inflation-adjustments/</link>
		<comments>http://fairmark.com/2012-inflation-adjustments/#comments</comments>
		<pubDate>Sat, 12 Nov 2011 23:14:49 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[General Taxation]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1494</guid>
		<description><![CDATA[Our Reference Room now reflects updated tax figures. Visit for the new tax rate schedules, personal exemptions, retirement plan limitations and other numbers used in calculating federal taxes.]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Patent Absurdity Comes to an End</title>
		<link>http://fairmark.com/patent-absurdity-comes-to-an-end/</link>
		<comments>http://fairmark.com/patent-absurdity-comes-to-an-end/#comments</comments>
		<pubDate>Fri, 09 Sep 2011 12:54:18 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[General Taxation]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1486</guid>
		<description><![CDATA[In yesterday&#8217;s address on jobs creation President Obama mentioned patent legislation that has just passed. Among other provisions, the new law prevents the grant of future tax patents. These patents have been heavily criticized for carving out tax-saving techniques that cannot be used without paying royalties to the patent holder. Another concern has been the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Return Preparer Exam Specifications</title>
		<link>http://fairmark.com/return-preparer-exam-specifications/</link>
		<comments>http://fairmark.com/return-preparer-exam-specifications/#comments</comments>
		<pubDate>Wed, 07 Sep 2011 16:20:21 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[General Taxation]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1482</guid>
		<description><![CDATA[The IRS is gearing up to impose a testing requirement on tax return preparers who lack the professional qualifications of CPAs, attorneys and enrolled agents. Those who are anticipating the need to take this exam may be interested in the specifications released by the IRS (PDF). The document lists the areas to be tested, the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>AMT Patch Needed for 2012</title>
		<link>http://fairmark.com/amt-patch-needed-for-2012/</link>
		<comments>http://fairmark.com/amt-patch-needed-for-2012/#comments</comments>
		<pubDate>Wed, 24 Aug 2011 12:16:54 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[General Taxation]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1472</guid>
		<description><![CDATA[A new report from the Congressional Research Service highlights the need for legislative action on the alternative minimum tax (&#8220;AMT&#8221;). Without a change in the law, some 34 million taxpayers will incur this tax in 2012. The AMT was originally created with the notion that it would apply only to a small number of high-income [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>IRS Eases Innocent Spouse Rule</title>
		<link>http://fairmark.com/irs-eases-innocent-spouse-rule/</link>
		<comments>http://fairmark.com/irs-eases-innocent-spouse-rule/#comments</comments>
		<pubDate>Wed, 27 Jul 2011 15:05:05 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[General Taxation]]></category>
		<category><![CDATA[IRS Guidance]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1465</guid>
		<description><![CDATA[Despite winning a number of court victories upholding its position, the IRS has decided to change that position and allow requests for equitable relief under the innocent spouse rules more than two years after the start of collection action. Originally designed to require prompt action by the taxpayer while evidence was still fresh, the two-year [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Cat Care Cost Controversy</title>
		<link>http://fairmark.com/cat-care-cost-controversy/</link>
		<comments>http://fairmark.com/cat-care-cost-controversy/#comments</comments>
		<pubDate>Fri, 03 Jun 2011 17:09:43 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[General Taxation]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1454</guid>
		<description><![CDATA[Can you deduct the cost of cat food and litter? Maybe, but not for the cats you love most. The Tax Court has decided a case in which the taxpayer deducted various expenses of caring for cats. Normally we wouldn&#8217;t expect such a deduction to be allowed. Not all of the costs related to the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>IRS to Lien Less Heavily</title>
		<link>http://fairmark.com/irs-to-lien-less-heavily/</link>
		<comments>http://fairmark.com/irs-to-lien-less-heavily/#comments</comments>
		<pubDate>Mon, 28 Feb 2011 15:43:45 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[General Taxation]]></category>
		<category><![CDATA[IRS Guidance]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1403</guid>
		<description><![CDATA[Individuals and small businesses that are unable to pay their taxes may benefit from a change in IRS procedures.]]></description>
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