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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: George Coyne who wrote (399486)4/26/2003 2:43:16 PM
From: jackhach  Read Replies (1) | Respond to of 769670
 
>>Got one time refund last year based on Admin. initiative.<<

oh? ... please cite the admin legislation that allowed for this? You better have it ready -- cuz I personally prepare over 300 tax returns a year -- and know of NO Bush/GOP-led policy that provided such a tax break -- that was not already part of previous IRS code.

I'm all ears; and if I'm proven wrong then I'm going to have to amend many returns for those clients who took/take distributions from their pensions. What is this "one time" exemption you refer to -- and how does it apply that is new. Are you over 55? Did you get forced from service/job after age 55? Did you have severe financial hardship (unforseen medical) that provided you an exemption of some sort?

-JH