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	<title>Fairmark.com</title>
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	<description>Taxes and investing in plain language</description>
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		<title>Some Refunds Delayed by a Week</title>
		<link>http://fairmark.com/2012/01/27/some-refunds-delayed-by-a-week/</link>
		<comments>http://fairmark.com/2012/01/27/some-refunds-delayed-by-a-week/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 22:03:45 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[IRS Guidance]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Tax Filing]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1508</guid>
		<description><![CDATA[The IRS has announced some taxpayers will receive their refunds about a week later than originally projected. &#8220;The one-week delay for some refunds relates to fine-tuning IRS systems to adjust for new safeguards put in place this tax season to provide stronger protection against refund fraud,&#8221; the agency explained.]]></description>
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		<title>What&#8217;s New in IRAs? Not Much</title>
		<link>http://fairmark.com/2012/01/03/whats-new-in-iras-not-much/</link>
		<comments>http://fairmark.com/2012/01/03/whats-new-in-iras-not-much/#comments</comments>
		<pubDate>Tue, 03 Jan 2012 13:00:16 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[IRAs]]></category>
		<category><![CDATA[Retirement]]></category>
		<category><![CDATA[Roth conversion]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1502</guid>
		<description><![CDATA[The IRS came out with its annual edition of Publication 590, Individual Retirement Arrangements (IRAs), earlier than usual this year (click here for PDF). Most likely that&#8217;s because so few revisions were needed from the previous year. Sections describing what&#8217;s new for 2011, and for 2012, offer little more than a mention of the new [...]]]></description>
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		<title>Registered Return Preparer Exams</title>
		<link>http://fairmark.com/2011/11/23/registered-return-preparer-exams/</link>
		<comments>http://fairmark.com/2011/11/23/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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		<title>2012 Inflation Adjustments</title>
		<link>http://fairmark.com/2011/11/12/2012-inflation-adjustments/</link>
		<comments>http://fairmark.com/2011/11/12/2012-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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		<title>First Deadline Under New Estate Tax Rules</title>
		<link>http://fairmark.com/2011/10/03/first-deadline-under-new-estate-tax-rules/</link>
		<comments>http://fairmark.com/2011/10/03/first-deadline-under-new-estate-tax-rules/#comments</comments>
		<pubDate>Mon, 03 Oct 2011 11:52:53 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[Estate and Gift Tax]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1489</guid>
		<description><![CDATA[Estate tax returns are due nine months after the death of the decedent. That means today is the first deadline to fall under the estate tax rules that took effect as of 2011. Estates can obtain an automatic six-month extension by filing Form 4768 (PDF). The deadline is notable because the new rules for the first [...]]]></description>
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		<title>Patent Absurdity Comes to an End</title>
		<link>http://fairmark.com/2011/09/09/patent-absurdity-comes-to-an-end/</link>
		<comments>http://fairmark.com/2011/09/09/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/2011/09/07/return-preparer-exam-specifications/</link>
		<comments>http://fairmark.com/2011/09/07/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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		<title>Option Leverage</title>
		<link>http://fairmark.com/2011/09/06/option-leverage/</link>
		<comments>http://fairmark.com/2011/09/06/option-leverage/#comments</comments>
		<pubDate>Tue, 06 Sep 2011 14:03:43 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[Equity Compensation]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1477</guid>
		<description><![CDATA[Leverage is a key concept in investing, and one that has special application to stock options. If you&#8217;ve received options as part of your compensation, you&#8217;ll want to understand how leverage affects your profit. The concept of leverage is more familiar in the context of real estate investing. Suppose you own investment property worth $1,000,000. You [...]]]></description>
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		<title>AMT Patch Needed for 2012</title>
		<link>http://fairmark.com/2011/08/24/amt-patch-needed-for-2012/</link>
		<comments>http://fairmark.com/2011/08/24/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>Erroneous Disallowance of Homebuyer Credit</title>
		<link>http://fairmark.com/2011/08/17/erroneous-disallowance-of-homebuyer-credit/</link>
		<comments>http://fairmark.com/2011/08/17/erroneous-disallowance-of-homebuyer-credit/#comments</comments>
		<pubDate>Wed, 17 Aug 2011 15:47:12 +0000</pubDate>
		<dc:creator>Kaye Thomas</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[homebuyer credit]]></category>

		<guid isPermaLink="false">http://fairmark.com/?p=1468</guid>
		<description><![CDATA[A report in Tax Notes indicates numerous taxpayers who claimed the original version of the first-time homebuyer credit have received (or will receive) erroneous letters telling them they don&#8217;t qualify for the credit. The IRS is aware of the problem and working on a correction.]]></description>
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