Come Hell (Caused by a Window Heat Unit) or High Water (From a Fire Hose), CPA Will Be Back at Work ASAP

Posted on by Caleb Newquist

The Shelby Star in North Carolina reports that a fire caused by a window heat unit at a CPA's office resulted in "moderate damage" to the building. By the grace of God (or whatever) all of Greg Blalock's files were saved "as well as most of the computers" but, you get the impression that he's not going to let this little setback prevent him from client servicing:

[Blalock] said they would be up and running "as soon as possible," but he didn't yet know details.
It doesn't matter if he's surrounded by firefighters or at risk from smoke inhalation and/or falling ceiling tiles, this CPA will be filing tax returns tomorrow. COUNT ON IT.
 

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Senate Manages to Stay Out of Its Own Way, Passes 1099 Repeal

Now that the repeal has passed, where will all the energy spent on pandering to small businesses go?

Bowing to pressure from business groups worried about an avalanche of paperwork, the U.S. Senate voted on Tuesday to rescind a tax-reporting requirement included in last year’s healthcare overhaul law.

With bipartisan support, the Senate voted 87-12 to pass legislation sponsored by Republican Senator Mike Johanns that repeals a requirement for businesses and landlords to file a Form 1099 document with the Internal Revenue Service for purchases of goods and services exceeding $600 a year.

President Obama is expected to sign the bill at which point GOP leaders are expected to criticize him for something.

US Senate votes to repeal healthcare tax measure [Reuters]
Just a reminder: Oh, By the Way, There’s Still a New 1099 Reporting Requirement for 2012 in the Proposed Budget

More Stuff on the Young Buck Auction Block: Titans Fridge, Louis Vuitton Gun Holster, Ms. Pac Man

Yesterday we listed out some of the fine items up for bid at the IRS’s Young Buck auction. The auction is slated to go down on October 28th at 10 am Tennessee time.

The complete inventory (after the jump) runs four pagesve more interesting items for your consideration:

• Titans Refrigerated soda machine – Chris Johnson finally turned it on last week, didn’t he?

• Tattoo Kit – whenever the moment strikes you.

• Louis Vuitton gun holster – Pictured.


• Craps gaming table – Because reenacting the scene from A Bronx Tale is just embarassing.

• Ms. Pac Man video game – History lesson for the kids

If you’re looking to bid and aren’t in the Antioch, TN area here’s the mail-in form but no plastic, you’ve got to come with cash, certified or cashier’s check, etc. Good luck and good bidding.

Young Buck Inventory

And just in case you need some visuals, a few items from the Treasury’s website follow.


Keeps perfect time!


Who’s got a birthday on June 15th?


For those looking to spruce things up around the house.