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Women In Politics, Bernie Sanders Tax Plan, Hot Tax Tips And The IRS On ESPN Radio – Friday, March 11, 2016 Show

Topics Covered:

1. Celebrating International Women’s Day but Women in Politics Still Face Barriers.

2. Bernie Sanders Got Guts but His Tax Plan is Hopeless.

3. How The IRS May Be Holding Money That Belongs To You and More Hot Tax Tips To Save You Money!

4. Questions from our listeners: If Bernie Sanders is looking to make college free to everyone, and such a situation actually occurred, what would happen to my kids 529 plans? Are ALL colleges on this list or is it more like the Board of Governors fee waiver that allows those from low income families to have their costs waived. How exactly is the plan supposed to work?

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Jeff states: Yes sometimes we just have to take the money and run!

Good afternoon! Welcome to Inside Advantage – Your Financial And Tax Radio Show.

This is Board Certified Tax Attorney, Jeffrey B. Kahn, the principal attorney of the Law Offices Of Jeffrey B. Kahn, P.C. and head of the KahnTaxLaw team.

Windus states:
And this is Licensed Financial Planner, Windus A. Fernandez Brinkkord, Senior Vice President Of Investments at Trilogy Financial Services.
You are listening to our weekly radio show where we talk everything about finances and taxes from the ESPN 1700 AM Studio in San Diego, California.

Jeff states:

When it comes to knowing tax laws and paying taxes, let’s face it — everyone in the U.S. is either in tax trouble, on their way to tax trouble, or trying to avoid tax trouble!

Windus states:

And whether you are on the rebound or flying high, we have the information you need to make sound financial decisions and map out your strategy for success.

Jeff states:
Our show is broadcasted each Friday at 2:00PM Pacific Time and replays are available on demand by logging into the KahnTaxLaw website at www.kahntaxlaw.com.

Jeff states:

For today’s show we have coming up:

Segment 2 material: Bernie Sanders Got Guts but His Tax Plan is Hopeless.

Windus states:

Also coming up is:

Segment 3 material: How The IRS May Be Holding Money That Belongs To You and More Hot Tax Tips To Save You Money!

And of course towards the end of our show, we will be answering some of your questions.

Jeff starts chit chat with Windus.

Jeff states: So for today’s top story:

We’re Celebrating International Women’s Day But Women In Politics Still Face Barriers.

http://blogs.wsj.com/washingtonwire/2016/03/07/susan-collins-says-women-in-politics-still-face-barriers/; http://www.propublica.org/article/the-impact-and-echos-of-the-wal-mart-discrimination-case; http://www.proplublica.org/article/pregnancy-discrimination-case-reaches-supreme-court

Windus begins: U.S. Senator Susan Collins suggested, that because of her gender, Hillary Clinton is treated differently than other candidates in the race for the white house.

Jeff continues: Senator Collins made this statement on Monday, as female professionals and political figures gathered at the “Women in Leadership: Pathways and Possibilities Conference” at the Edward M. Kennedy Institute for the United States Senate in Boston.

Windus continues: During the conference that celebrated Women’s History Month, Senator Collins made several comments on the obstacles women still face when ascending to the highest levels of politics.

Jeff states: Reminiscing her bid for Governor of Maine in 1994, Senator Collins shared a learned lesson of how “women were held to different standards than men were.” She recalls the constant reports of what she wore, rather than what she said.

Windus replies: Even now, you see it all the time with Hillary Clinton. Articles focused on her many colorful pant suits or hair style instead of only focusing on what she’s saying.

Jeff states: Well hold on Windus, the whole hair thing is not a female thing with Trump in the presidential race.

Windus states: True Jeff.

Jeff states: But turning back to Senator Collins, a political centrist elected to the Senate in 1996, she goes on to explain, “When women are elected into office, [she] thinks they still have to prove that they belong there. Men don’t face that barrier.”

Windus continues: She believes men do not face that same barrier, as there seems to be the general consensus that if a man is elected to the senate, then he belongs there.

Jeff states: It doesn’t stop there, though. We’re still following the reverberation of the impact of the Wal-Mart v. Dukes discrimination case from June 2011.

Windus states: In a 5-4 decision, the U.S. Supreme Court threw out a monstrous lawsuit by female employees who claimed to be systematically underpaid and under promoted by the world’s largest corporation.

Jeff continues: That’s right, Windus. That verdict upended decades worth of employment discrimination law and raised serious barriers to all sorts of future large-scale discrimination cases.

Windus replies: Repercussions of the Dukes decision have poured through the federal and state courts, being cited in more than 1,200 in rulings and viewed as remarkable.

Jeff states: Lawsuits all over the country have had verdicts overturned, settlements thrown out and class actions rejected or decertified. In many instances, these cases undergo years of litigation.

Windus replies: This isn’t just about Wal-Mart, though. All sorts of companies including retailers (Family Dollar), government contractors (Lockheed Martin Corp), business-services providers (Cintas Corp.), and magazines (Hearst Corp), have experienced similarities in their rulings.

Jeff continues: There’s been apprehension post Wal-Mart v Dukes. The aftermath is being closely monitored but critics are doing anything but calling off the fight.

Windus continues: Another blockbuster case from just a couple years ago was the Peggy Young v. United Parcel Service. In this case, Young, a delivery driver for UPS, had requested to be excused from lifting more than twenty pounds per doctor’s orders while she was pregnant.

Jeff replies: However, in Young’s job description she was required to lift up to seventy pounds. This is where UPS argued that assigning Young “light duty” would amount to special treatment, being viewed as unfairly favorable.

Windus states: UPS stood by its policy to only accommodate associates who were temporarily injured on the job or covered by union contract mandates, and the Americans with Disabilities Act, in a few other gender-neutral circumstances.

Jeff continues: As a result, Young was forced to take seven months of unpaid leave thus resulting in the loss of her medical benefits when she needed them the most.

Windus states: With this discrimination case under close scrutiny, Justice Ruth Bader Ginsburg accused the court’s conservative majority of having a “blind spot” in regards to women’s rights.

Jeff continues: Especially considering the same five justices in query had not only thrown out the Walmart v. Duke sexual discrimination class action but they rejected Lilly Ledbetter’s equal pay lawsuit, as well.

Windus states: The result of the pregnancy discrimination case came only a year ago. The Supreme Court ruled 6-3 in favor of Young. While the justice’s declined to accept the broadest version of the discrimination argument, they made it clear that no employer had the right to treat anyone the way they did Young.

Jeff replies: Pregnancy-related discrimination isn’t isolated to the workplace though. Claims have also surfaced in mortgage lending, housing and education.

Windus states: To combat this issue, support organizations like Babygate have launched a New York-based non-profit, A Better Balance, that is a wonderful source of information about the rights of pregnant workers and their families under state and federal laws.

Jeff states: It’s a whole new world out there and the only way to keep up with it is to stay ahead of it…

Well it’s time for a break but stay tuned because we are going to tell you how Bernie Sanders Got Guts but His Tax Plan is Hopeless.

You are listening to Board Certified Tax Attorney, Jeffrey B. Kahn, and Licensed Financial Planner, Windus A. Fernandez Brinkkord on Inside Advantage on ESPN.

BREAK

Welcome back. This is Inside Advantage – Your Financial And Tax Radio Show on ESPN and you are listening to Board Certified Tax Attorney, Jeffrey B. Kahn, and Licensed Financial Planner, Windus A. Fernandez Brinkkord.

Jeff states: But before we start on this next segment, Windus would like to remind you of her offer.

Windus states PLUG: Trilogy Financial Services will provide you with a retirement cash flow analysis which is a $600.00 value for free as long as you mention the Inside Advantage Radio Show when you call to make an appointment. Call my office to make an appointment to meet with me, Windus A. Fernandez Brinkkord. The number to call is 858.314.5169. That is 858.314.5169. Or visit www.guideyourstory.com.

Bernie Sanders Got Guts but His Tax Plan is Hopeless.

Jeff states: So in continuing the political discussion it is time to turn to Bernie Sanders’ tax plan which is discouraging to say the least. The populist Democratic presidential candidate has run his campaign on the basis of a “wholesale dismantling of the nation’s economic and political status quo,” according to Yahoo! Finance.

www.taxes.yahoo.com/post/140456796658/bernie-sanders-tax-plan-is-hopeless

Jeff replies: These details are coming from the nonpartisan Tax Policy Center who are releasing estimates that Sanders’ plan would amount to about $1.5 trillion in new tax revenue a year!

Windus continues: Currently, the government takes in about $3.4 trillion in a year, which would mean that Bernie’s plan would rocket the tax bite by around 46%. By the next decade, new taxes would be totaling nearly $2.5 trillion per annum.

Jeff replies: Granted most of these tax hikes are targeting the wealthy but “all income groups would pay some additional tax,” the center reports in its most recent analysis.

Windus states: Bernie Sanders, as gutsy as he is, explains that those new taxes would be worth it since they’d cover the cost of universal healthcare, college education for anyone who wanted to further their education, extended family leave, new infrastructure stimulus and a whole bunch of other things.

Jeff states: But how idealistic is this plan is we can’t even get congress to vote on shoveling the snow after a blizzard?? Take the example of, congress refusing to raise national taxes on gasoline. Gas prices right now are extremely low but the Highway Trust Fund (funded by gas tax) has to “offset” its expense each year by pulling from other programs.

Windus continues: Congress has steadily refused to raise taxes despite the ballooning national debt that’s now around $19 trillion and change. How is Sanders’ going to convince them to increase new taxes by 46%, when the government is more apt to borrow additional funding then raise taxes, passing the tab to future generations to pay?

Jeff states: Sanders’ still confidently charges on though. Maybe it’s the assumption that voters don’t care where it comes from, just as long as they have their freebies. Maybe he’s looking to start a big debate by offering a segway from business as usual.

Windus replies: If it’s a segway, let’s look at the details. The new tax plan that Sanders’ has suggested would enact a new 2.2% surtax on all taxable income and a new 6.2% payroll tax on employers.

Jeff continues: Now Windus, according to the tax plan, the employers would be responsible for paying the new taxes but we all know that they will almost unquestionably recoup their losses by lowering employee wages or reducing the benefits. Look what happened with ObamaCare.

Windus states: They have to make up that money somewhere, Jeff, and it always seems to be detrimental to the guy at the bottom. In addition to the new employer taxes, the top income tax rate would drop from 39.6% to 28%.

Jeff continues: However, a plethora of new surtaxes would raise the tax burden on those at the $200,000 a year and up. Those surtaxes would just keep growing on your way up the income chart.

Windus states: Also under Sanders’ new tax plan, capital gains for the wealthy would be taxed as ordinary income, meaning a much larger tax bite. For lower earners, lower tax rates for capital gains would still apply.

Jeff continues: In addition, there would be new taxes on financial transactions. Now does all of this change in taxes means new changes in tax law?

Windus states: Well, there are a lot of other provisions but that does bring up the point that these changes would make tax code much more complicated instead of simpler.

Jeff replies: All things considered, the utopian plan Sanders’ has revealed will leave Americans with higher taxes before they could figure out what they will be getting for it. Or as it’s put “front-loading the pain, back-loading the gain.”

Windus states: But then again, every presidential candidate has some sort of new tax plan, no more reliable than what Bernie Sanders has asserted. Take Donald Trump for example.

Jeff continues: Yes, Trump almost wants to completely oppose Sanders by cutting individual and business taxes across the board. Sounds great but there’s that one little problem, analysts at the Tax Policy Center say it would hack nearly $1 trillion a year off of government revenue.

Windus states: By cutting revenue, we’d need to start looking for other places to get that money from. Medicare and Social Security would either have to take big cuts or eliminate various government functions.

Jeff states: Hillary Clinton may have the most practical solution under her belt. Although, while it’s unlikely for congress to agree with the steep tax hikes she wants to slap on the wealthy, at least her plan is a starting point for future legislation.

Windus replies: According to the Tax Policy Center, estimates are showing that her plan would increase government revenue by roughly $110 billion per year. Although, those funds are not going to be used to pay down the national debt.

Jeff states: Clinton plans to offset tax cuts for lower earners with the extra revenue brought in by taxing the wealthy. There is the likelihood that it would cost more than planned, but we all know that no tax plan comes free.

Windus replies: But you know what does come free…

Windus PLUG: Trilogy Financial Services will provide you with a retirement cash flow analysis which is a $600.00 value for free as long as you mention the Inside Advantage Radio Show when you call to make an appointment. Call my office to make an appointment to meet with me, Windus A. Fernandez Brinkkord. The number to call is 858.314.5169. That is 858.314.5169. Or visit www.guideyourstory.com.

Stay tuned because after the break we are going to tell you How The IRS May Be Holding Money That Belongs To You and More Hot Tax Tips To Save You Money!

You are listening to Board Certified Tax Attorney, Jeffrey B. Kahn, and Licensed Financial Planner, Windus A. Fernandez Brinkkord on Inside Advantage on ESPN.

BREAK

Jeff states: Welcome back. This is Inside Advantage – Your Financial And Tax Radio Show on ESPN and you are listening to Board Certified Tax Attorney, Jeffrey B. Kahn, and Licensed Financial Planner, Windus A. Fernandez Brinkkord.

Jeff states: But before we continue with this next segment, I want to remind you that PLUG: The Law Offices Of Jeffrey B. Kahn, P.C. will provide you with a Tax Resolution Plan which is a $500.00 value for free as long as you mention the Inside Advantage Radio Show when you call to make an appointment. Call my office to make an appointment to meet with me, Jeffrey Kahn, right here in downtown San Diego or at one of my other offices close to you. The number to call is 866.494.6829. That is 866.494.6829.

How The IRS May Be Holding Money That Belongs To You and More Hot Tax Tips To Save You Money!

Jeff states: So now that we approaching the middle of March, I thought we would cover today some hot tax tips to save you money.

Windus states: But first Jeff, I heard an announcement by the IRS that they are holding refunds totaling $950 million for people who have not filed a 2012 Federal Income Tax Return. Is that true?

Jeff states: It’s hard to believe that the IRS is holding almost $1 billion of funds that should be refunded to taxpayers and that is just for the 2012 tax year alone. That amount is also probably consistant for the 2013 and 2014 tax years.

Windus states: That being the case the IRS is holding about $3 billion that does not even belong to them!

Jeff replies: Well earlier this week the IRS announced that Federal income tax refunds totaling $950 million may be waiting for an estimated one million taxpayers who did not file a federal income tax return for 2012. The IRS estimates the midpoint for potential refunds for 2012 to be $718.00, with half being worth more than $718.00 and half being worth less.

Windus asks: So for someone who has not filed, what rules apply to claim their money?

Jeff replies: In cases where a tax return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund; however under some circumstances you can lose your right to receive a refund of overpaid taxes if already two years have passed. But if you file a tax return that is late and there is an overpayment, the IRS will not assess a penalty for filing that return late. Nevertheless, under all circumstances if no return is filed to claim a refund within three years, the money becomes the property of the U.S. Treasury. For 2012 tax returns, the window closes on April 18, 2016 (although this year residents of Maine and Massachusetts have until April 19th). The law requires the tax return to be properly addressed, mailed and postmarked by that date.

Jeff continues: Additionally you should be mindful that taxpayers seeking a 2012 refund may still have their refund checks held up if they have not filed tax returns for 2013 and 2014. In addition, the refund will be applied to any amounts still owed to the IRS, or their state tax agency, and may be used to offset unpaid child support or past due federal debts, such as student loans.

Windus asks: Are there any other benefits taxpayers loose by not filing a tax return?

Jeff replies: Yes, if you are a low or moderate income worker who is entitled to the Earned Income Tax Credit, you cannot get a tax refund that includes this credit unless you file a tax return. For 2012, the credit is worth as much as $5,891.00.

Windus asks: So what if you figure that you will still owe the IRS if you file a delinquent tax return, should you still file?

Jeff replies: By all means! Besides not receiving or even forfeiting your refund, not filing a Federal income tax return can be even more costly as the IRS may file a substitute return for you if you do not voluntarily file. These “substitute tax returns” always show a higher liability than if an actual return was filed because they do not take into account your marriage or household status, your dependents, any business expenses, available itemized deductions, basis in assets sold, income exclusions or tax credits. Also, all interest and penalties will be based on this higher liability.

Jeff continues: Outstanding tax returns also prevent you from making payment arrangements and avoiding collection action so even if you are unable to fully pay any tax due on the late returns, it is to your benefit to seek tax counsel to coordinate their preparation and secure collection holds with the IRS. Additionally tax counsel should seek abatement of the penalties which include the “failure to file” penalty that could increase your tax bill by 25% or more.

Facts about the Adoption Tax Credit

Windus asks: OK Jeff. I understand that if a taxpayer adopted a child in 2015 there is a tax credit that may be available.

Jeff replies: That’s right Windus. If you adopted or tried to adopt a child in 2015, you may qualify for a tax credit. Here are some things you should know about the adoption credit.
1. Credit or Exclusion. The credit is nonrefundable. This means that the credit may reduce your tax to zero. If the credit is more than your tax, you can’t get any additional amount as a refund. If your employer helped pay for the adoption through a written qualified adoption assistance program, you may qualify to exclude that amount from tax.
2. Maximum Benefit. The maximum adoption tax credit and exclusion for 2015 is $13,400 per child.
3. Credit Carryover. If your credit is more than your tax, you can carry any unused credit forward. This means that if you have an unused credit in 2015, you can use it to reduce your taxes for 2016. You can do this for up to five years, or until you fully use the credit, whichever comes first.
4. Eligible Child. An eligible child is an individual under age 18 or a person who is physically or mentally unable to care for themself.
5. Qualified Expenses. Adoption expenses must be directly related to the adoption of the child and be reasonable and necessary. Types of expenses that can qualify include adoption fees, court costs, attorney fees and travel.
6. Domestic or Foreign Adoptions. In most cases, you can claim the credit whether the adoption is domestic or foreign. However, the timing rules for which expenses to include differ between the two types of adoption.
7. Special Needs Child. If you adopted an eligible U.S. child with special needs and the adoption is final, a special rule applies. You may be able to take the tax credit even if you didn’t pay any qualified adoption expenses.
8. No Double Benefit. Depending on the adoption’s cost, you may be able to claim both the tax credit and the exclusion. However, you can’t claim both a credit and exclusion for the same expenses. This rule prevents you from claiming both tax benefits for the same expense.
9. Income Limits. The credit and exclusion are subject to income limitations. The limits may reduce or eliminate the amount you can claim depending on the amount of your income.

Tax Savings from Higher Education Costs

Windus asks: OK Jeff. I understand that if a taxpayer paid for higher education in 2015 there is an opportunity to save money on taxes.

Jeff replies: That’s right Windus. Money you paid for higher education in 2015 can mean tax savings in 2016. If you, your spouse or your dependent took post-high school coursework last year, there may be a tax credit or deduction for you.

Windus asks: So what are the key tax breaks for higher education?

Jeff responds:
The American Opportunity Credit (AOTC) is:
• Worth up to $2,500 per eligible student.
• Used only for the first four years at an eligible college or vocational school.
• For students earning a degree or other recognized credential.
• For students going to school at least half-time for at least one academic period that started during or shortly after the tax year. Claimed on your tax return using Form 8863, Education Credits.

The Lifetime Learning Credit (LLC) is:
• Worth up to $2,000 per tax return, per year, no matter how many students qualify.
• For all years of higher education, including classes for learning or improving job skills.
• Claimed on your tax return using Form 8863, Education Credits.

The Tuition and Fees Deduction is:
• Claimed as an adjustment to income.
• Claimed whether or not you itemize.
• Limited to tuition and certain related expenses required for enrollment or attendance at eligible schools.
• Worth up to $4,000.

Additionally:
• You should receive Form 1098-T, Tuition Statement, from your school by Feb. 1, 2016. Your school also sends a copy to the IRS.
• You may only claim qualifying expenses paid in 2015.
• You can’t claim either credit if someone else claims you as a dependent.
• You can’t claim either AOTC or LLC and the Tuition and Fees Deduction for the same student or for the same expense, in the same year.
• Income limits could reduce the amount of credits or deductions you can claim.

Jeff states: We are always thinking of ways to save money at tax time and remember ….

PLUG: The Law Offices Of Jeffrey B. Kahn, P.C. will provide you with a Tax Resolution Plan which is a $500.00 value for free as long as you mention the Inside Advantage Radio Show when you call to make an appointment. Call my office to make an appointment to meet with me, Jeffrey Kahn, right here in downtown San Diego or at one of my other offices close to you. The number to call is 866.494.6829. That is 866.494.6829.

Stay tuned as we will be taking some of your questions. You are listening to Board Certified Tax Attorney, Jeffrey B. Kahn, and Licensed Financial Planner, Windus A. Fernandez Brinkkord on Inside Advantage on ESPN.

BREAK

Jeff states: Welcome back. This is Inside Advantage – Your Financial And Tax Radio Show on ESPN and you are listening to Board Certified Tax Attorney, Jeffrey B. Kahn, and Licensed Financial Planner, Windus A. Fernandez Brinkkord.

And Windus and I always pleased to make our offers to our listeners where… PLUG: The Law Offices Of Jeffrey B. Kahn, P.C. will provide you with a Tax Resolution Plan which is a $500.00 value for free as long as you mention the Inside Advantage Radio Show when you call to make an appointment. Call my office to make an appointment to meet with me, Jeffrey Kahn, right here in downtown San Diego or at one of my other offices close to you. The number to call is 866.494.6829. That is 866.494.6829.

Windus states: Windus PLUG: Trilogy Financial Services will provide you with a retirement cash flow analysis which is a $600.00 value for free as long as you mention the Inside Advantage Radio Show when you call to make an appointment. Call my office to make an appointment to meet with me, Windus A. Fernandez Brinkkord. The number to call is 858.314.5169. That is 858.314.5169. Or visit www.guideyourstory.com.

You should also know that the securities and advisory services are offered through National Planning Corporation (NPC) Member FINRA, SIPC, and a Registered Investment Advisor. Trilogy Financial Services and NPC are separate and unrelated Entities.

Jeff states: If you would like to post a question for us to answer, you can go to my website at www.kahntaxlaw.com and click on “Radio Show”. You can then enter your question and maybe it will be selected for our show.

OK Windus, what questions have you pulled for us to answer?

Jack from San Diego asks: If Bernie Sanders is looking to make college free to everyone, and such a situation actually occurred, what would happen to my kids 529 plans? Are ALL colleges on this list or is it more like the Board of Governors fee waiver that allows those from low income families to have their costs waived. How exactly is the plan supposed to work?

Answer by Windus and Jeff: Well these are good questions that I don’t even think Sanders has considered but according to the Bernie Sanders official website https://berniesanders.com/issues/its-time-to-make-college-tuition-free-and-debt-free/, here are the steps that Sanders will take as President to make college debt free:

1. MAKE TUITION FREE AT PUBLIC COLLEGES AND UNIVERSITIES.
Sanders states – Last year, Germany eliminated tuition because they believed that charging students $1,300 per year was discouraging Germans from going to college. Next year, Chile will do the same. Finland, Norway, Sweden and many other countries around the world also offer free college to all of their citizens. If other countries can take this action, Sanders believes that so can the United States of America.

2. STOP THE FEDERAL GOVERNMENT FROM MAKING A PROFIT ON STUDENT LOANS.
Sanders states: Over the next decade, it has been estimated that the federal government will make a profit of over $110 billion on student loan programs. Sanders is looking to prevent the federal government from profiteering on the backs of college students and use this money instead to significantly lower student loan interest rates.

3. SUBSTANTIALLY CUT STUDENT LOAN INTEREST RATES.
Under the Sanders plan, the formula for setting student loan interest rates would go back to where it was in 2006. If this plan were in effect today, interest rates on undergraduate loans would drop from 4.29% to just 2.37%.

4. ALLOW AMERICANS TO REFINANCE STUDENT LOANS AT TODAY’S LOW INTEREST RATES.
Sanders states – It makes no sense that you can get an auto loan today with an interest rate of 2.5%, but millions of college graduates are forced to pay interest rates of 5% to 7% or more for decades. Sanders is looking to allow Americans would be able to refinance their student loans at today’s low interest rates.

5. ALLOW STUDENTS TO USE NEED-BASED FINANCIAL AID AND WORK STUDY PROGRAMS TO MAKE COLLEGE DEBT FREE.
The Sanders plan would require public colleges and universities to meet 100% of the financial needs of the lowest-income students. Low-income students would be able to use federal, state and college financial aid to cover room and board, books and living expenses. And Sanders would more than triple the federal work study program to build career experience that will help them after they graduate.

6. FULLY PAID FOR BY IMPOSING A TAX ON WALL STREET SPECULATORS.
The Sanders plan calls for the cost of this $75 billion a year plan to be fully paid for by imposing a tax on Wall Street speculators. Sanders claims some 40 countries throughout the world have imposed a similar tax including Britain, Germany, France, Switzerland, and China.

Jeff states: Well we are reaching the end of our show.

Remember you can send us your questions by visiting the kahntaxlaw website at www.kahntaxlaw.com.

Windus states: Have a great day everyone!

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