Rep. Ben Sasse says we're not helping kids grow up. Do tax breaks contribute to Americans' extended parenting?

In his new book, "The Vanishing American Adult: Our Coming-of-Age Crisis — and How to Rebuild a Culture of Self-Reliance," Nebraska Sen. Ben Sasse says young people in the U.S. are failing to launch. He explained to Elaine Quijano on "Red & Blue" how we ended up here and what Americans can do to prepare for adulthood. (Click image to view CBSN video)

Sen. Ben Sasse swears that his book is not just 320 pages of old man "get off my lawn" rants at neighbor kids.

First of all, the 45-year-old Sasse is far from old.

Plus, says the Nebraska Republican, he didn't write "The Vanishing American Adult" just to complain about these kids today. Rather, Sasse's goal is to get a national conversation going on how parents, communities and governments, can help our children grow up — with growing up being the key phrase — so that they can better survive in our highly-competitive global economy.

The core advice from Sasse, a father of three, is that overprotective parents need to stop coddling their young adult children and help them become active and engaged citizens on their own.

But he doesn't just take moms and dads to task.

Public policy to blame, too: In the book, which is subtitled "Our Coming-of-Age Crisis — and How to Rebuild a Culture of Self-Reliance," Sasse also points to what he calls misbegotten government programs that have helped stall young people's participation in traditional coming-of-age rites, such leaving home, starting a family and becoming economically self-reliant.

The most direct government contact that parents and their kids ever have is through the tax code. So Sasse's book got me thinking about child related tax breaks that are currently available.

I decided to focus on seven popular child/parent tax related situations, which I've highlighted below.

I'm just going to list them with a few tax details and leave the evaluation as to how these tax breaks might help or hamper a child's growth into a productive young adult to the Cornhusker State senator and child psychologists.

1. Dependent exemption
From the moment a child makes his or her screaming appearance into the world, that little human is an automatic tax break. A dependent child can be claimed as an exemption, which provides a dollar amount that's subtracted from your adjusted gross income. For the 2016 tax year in case you got an extension and have yet to file, that's $4,050. For the 2017 tax year, inflation was low so the exemption amount stays the same.

You can claim this exemption until the child reaches age 19 or 23 if a college student. There's no age limit on a dependent exemption claim for disabled children.

2. Adoption tax credit
Many families grow thanks to adoption. Uncle Sam heartily approves, offering these self-selected families a nice tax credit. The adoption tax credit is worth up to $13,460 per child on 2016 taxes; it's adjusted annually for inflation, meaning it's worth $13,570 for 2017 adoptions.

There are income limits (also inflation adjusted annually) that could reduce or eliminate your credit amount. And, bad news, the adoption credit is nonrefundable, meaning that if it's more than the tax you owe, the excess won't come back to you as a refund. But you do get to carry it forward for up to five future tax years.

3. Child tax credit
On the same "wow, that's great!" level as the exemption for your child is the child tax credit. This $1,000 tax break is available simply because you have the kid. The credit is available for dependent children age 16 or younger.

Even better, some families can claim the additional child tax credit, which is refundable. That means you could get the credit amount as a refund if you don't owe any tax for it to reduce.

4. Child care credit
Child care can be costly. However, when parents work, you can count at least part of what you pay others to watch after your youngster as a tax credit, specifically the child and dependent care credit.

The tax credit could be worth as much as $1,050 in connection with the care costs of a child younger than 13. If you have two more dependent kids in day care, the credit could be as much as $2,100.

Note, too, that the overseeing of your youngsters doesn't have to be strictly conventional. As this week's tax tip notes, day camp costs can count toward claiming the child care credit.

5. Young family employee
If your child is older, he or she might look for a summer job. If you own your own business, you might be able to do your kiddo and yourself a favor by providing that job. The benefit is not just from having your youngster around all summer.

If you're a sole proprietor or you and your spouse are partners in your own business and hire your child, you get some tax breaks. As long as the youngster is 17 or younger, you don't have to pay Social Security or Medicare taxes on a portion of your child's earnings. The salary you pay your child — and yes, it must be a real payment for real work or the Internal Revenue Service will come after you — also is exempt from unemployment tax when your employed child is younger than 21.

6. Education expenses
Savings for your youngster's education also provide tax breaks.

There's the Coverdell Education Savings Account, where you can contribute up to $2,000 a year for the educational costs of a child younger than 18. There are no age restrictions if the child has special needs. The money can be taken out tax free to pay educational costs. Plus, Coverdell money isn't limited to college expenses; it also can be used to pay for qualifying elementary and secondary.

Similarly, putting money into a 529 plan for your kid's eventual college costs offers tax-free savings.

And wealthy grandparents get a twofer by paying a grandchild's college tuition. Not only does it help the youngster (and his parents), it's a good estate planning move. It can help reduce your overall assets value to a level below the $5.49 million level (that's for 2017; it's adjusted annually for inflation) at which the federal estate tax applies. This gift amount is not subject to the annual tax-free gift tax exclusion, which currently is $14,000 (also adjusted annually for inflation). Neither does it count toward the lifetime gift tax exclusion.

7. Health care coverage
As we all know, the Affordable Care Act, aka the ACA and/or Obamacare, lets parents keep their young adult children on their health care policies. I'm adding this as a tax-related child provisions because Obamacare is intricately tied to taxes.

And although the debate continues on how to repeal and replace Obamacare, this provision seems likely to stay. Now, and presumably in the future, where a parent's health insurance plan covers dependents, that parent can add a child to the coverage until the youth turns 26.

As I mentioned at the start of this list, I prefer to leave the discussion as to whether these (and other) tax policies aid or impede a young person's maturation process to parents (of which I'm not, my assisting my elderly mother and it's tax implications notwithstanding) and their members of Congress.

But if you're so inclined to share your thoughts, please feel free to do so via a comment or two.

You also might find these items of interest:

• Millennials depend on mom and dad for tax help
• Millennials find tax refund anticipation loans appealing
• Most millennials want houses like their parents, eventually

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Oklahoma freezes standard tax deduction amounts Preemptive move to avoid potentially costly Trump tax reform changes

Federal tax reform is still a ways off, but the prospect of an Internal Revenue Code rewrite already has prompted Oklahoma to change one of its tax laws.

Republican Gov. Mary Fallin on (R) May 12 signed legislation that will decouple the Sooner State's standard deduction from the current federal standard deduction.

The reason for the change? If the Trump Administration's proposal to double the federal standard deduction eventually becomes part of the tax law of the land, Oklahoma stands to looks a lot of tax revenue.

Federal, state tax ties: Oklahoma's tax system, like that of many states with income taxes, is closely connected to taxpayers' federal filing data.

In the 41 states and Washington, D.C., that currently tax their residents' incomes, those state filings to a large degree conform to many features of the federal tax code. They use similar definitions of what is considered income, what can be deducted and how certain tax transactions are treated.

And in Oklahoma's case, that includes tax laws that automatically change when there are adjustments, such as the annual inflation tweaks, to the federal code.

Conscious tax decoupling: That's why H.R. 2348 was introduced in the Oklahoma House. It separates the state's standard deduction amount from that used on returns sent to Uncle Sam.

The new law is effective with the 2017 tax year and freezes the state's standard deduction at the current levels, which are the same as the inflation adjusted 2017 federal standard deduction amounts. That's $6,350 for single filers and for married taxpayers filing separately; $9,350 for head of household filers; and $12,700 for jointly filing married taxpayers.

The bill moved quickly through the state legislature, narrowly passing in the House on May 2 and getting overwhelming support of the state Senate two days later. Fallin signed the measure into law last week.

Budget benefit, but at what cost? In debating the change, supporters of the decoupling characterized it as a "safety measure" that will help raise new revenue and fill a projected $878 million hole in Oklahoma's budget by raising an estimated $4.4 million. 

It also "protects Oklahoma from seeing a really large revenue loss," especially if the federal deduction amount is changed, Gene Perry of the Oklahoma Policy Institute told Tax Analysts.

Opponents of the change, however, say the separate Oklahoma standard deduction amounts put the tax burden heavily on the backs of working families. Without some sort of indexing, as Oklahomans earn more, their frozen standard deduction amounts will provide less tax benefit.

Many states are struggling with similar fiscal shortfalls. As the federal tax reform process progresses, it will be interesting to see how many decide to follow Oklahoma's example and separate themselves from the federal tax code on budgetary grounds.

You also might find these items of interest:

• How does your state and local tax deduction compare nationally?
• Ways & Means chairman sees tax reform retroactive to start of 2017
• Many Americans oppose Trump tax plan; want to see president's tax returns first

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Trump Administration tackles U.S. cybersecurity needs as Wannacry ransomware goes global

Last week's cyberattack has affected more than 200,000 computers across 150 countries. The ransomware program known as WannaCry encrypts information on computers and demands targeted users pay $300 in order to regain access to their machines.

The good news here in the U.S. is that so far, no federal systems have been affected by the global ransomware attack, according to Homeland Security Adviser Tom Bossert, who appeared at today's regular White House press briefing.

The bad news is that a few companies have been hit and the government is still unaware of who was behind the attack.

And as this work week opened, tech security experts are warning people that while the cyberattacks have slowed, they are still out there so we all still need to be on high alert.

Everyone is a target: Are you in danger? To be on the safe side, assume so.

Although this particular malicious software reportedly was first spotted in Russia, it spread rapidly across the connected globe. Before it's over, it could turn out to be an attack of unprecedented scale.

The attackers apparently took advantage of a known flaw in Windows XP, the operating system that is still used by millions of PC owners and machines worldwide. Microsoft officially stopped providing security support for XP in 2014, but issued an emergency patch in response to the latest attacks.

The graphic below from Stastista shows that Wannacry's $300 ransom demand (in Bitcoin) is lower than earlier ransomware demands. The average ransom across all attacks known to security software provider Symantec in 2016 was $1,007.

You will find more statistics at Statista

Presidential cybersecurity effort: Coincidentally, as the Wannacry ransomware epidemic was spreading across the globe, the Trump Administration was exploring ways to fight such threats. Donald J. Trump on May 11 issued an executive order tackling cybersecurity.

In contrast to many of the president's earlier Oval Office pronouncements, most tech and security experts view this as a good first step.

The executive order outlines plans to improve data security for federal agencies and to better protect critical U.S. infrastructure. It calls for sweeping reviews of the federal government's digital vulnerabilities and directs agencies to adopt specific security practices.

"There's not much in there that's actionable yet — much of it comprises deadlines for recommendations — but analysts appreciate the approach," writes Brian Barrett in Wired. "In fact, it borrows heavily from the Obama Administration's recommendations, and focuses heavily on protecting infrastructure and pushing as much as possible to the cloud."

Of course, notes Barrett, the only way to really measure the order's impact will be to wait for the actual policies that emerge.

Bob Ackerman in a piece for TechCrunch agreed: "Firstly, this development was truly important — a serious call to action to beef up government cybersecurity measures at a time when breaches dominate the headlines and mounting worries about a future cyber war among nation-states are legitimate. Secondly, while this executive branch step was absolutely necessary, it is insufficient. We need to go much further."

IRS cybersecurity needs: One government agency that would definitely benefit from an overall beefing up of Uncle Sam's overall e-security system is the Internal Revenue Service. The country's tax collector has been a constant target of hackers who see the personal data of millions of taxpayers as a gold mine.

Most recently, the IRS' online tool that assists students and their families when applying for student aid was hacked. Data on as many as 100,000 taxpayers may have been compromised.

Meanwhile, telephone and phishing tax scams are continuing apace as identity thieves keep looking for any info tidbit that will allow them to steal taxpayers' identities and file fraudulent tax refund claims.

Con artists never sleep…or vacation: You'd think that with the main tax season over, these crooks would take a summer vacation. They don't. So beware, not only of ransomware that could attack your machines, but also of all identity theft efforts, tax and otherwise.

You'll find plenty of posts on scams and ID theft here on the ol' blog.

You also can check out the IRS' special Taxes. Security. Together. page, created as part of the Security Summit to involve individual taxpayers in the ongoing fight against identity theft and tax scams.

Mainly, though, just use common sense.

Install and update security software on your electronic devices. Don't automatically take a caller's or emailer's or in-person visitor's word that he or she is with the IRS.

And if something just feels off, trust your gut and go directly to the IRS to double check the potentially criminal and costly contact.

You also might find these items of interest:

• 5 ways to protect your identity (& money!)
• Fear you might be a tax ID theft victim? Here's what to do
• IRS impersonation scam's alleged mastermind arrested, but the criminal calls continue

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10th Anniversary Blog Post

On 5/14/07, I started this blog.  While we are 17 years into the 21st century, many aspects of our tax administration system and rules are stuck in the 20th century. Also, we tend to ignore trends to see how they should shape tax systems and compliance.

I started the 21st century taxation website and blog while I was a fellow with the New America Foundation. The focus for fellows was to get new ideas out to lawmakers and the public, such as through op eds in newspapers. In addition to that, I started the blog and am glad I did. It's fun and a good way to connect to lots of people via the Internet and search engines.  The blog gets over 12,000 hits per month.  And it connects me with other bloggers - on tax, technology and more, which continues to be fascinating.

Here are a few items I expect to be blogging in my 11th year:

• Federal tax reform and how the proposals stack up against principles of good tax policy and reflect how we live and do business today.
• How to pay for lower tax rates that will certainly be part of tax reform. There are lots of special exclusions, deductions, credits and preferential rates that cause rates to be high today and limit the tax system in meeting principles of good tax policy.
• How to modernize worker classification rules and why.
• How new and existing technologies should be used to truly simplify income tax compliance and perhaps even reduce the tax gap.
• State tax oddities and how to address them.

Anything on your list that is not on mine?

Comments?  Please leave them.  Thanks for reading!!

source http://21stcenturytaxation.blogspot.com/2017/05/10th-anniversary-blog-post.html

Tax audit lessons from 'Mom' on, of course, Mother's Day

Happy Mother's Day! What a perfect day to talk about tax audits.

You don't see the connection? Then you missed the season finale last week of the CBS show "Mom." I'm not really a fan, but it was on in the background as we were fixing dinner.

Scene from the May 11 season finale of CBS sitcom "Mom," where the characters portrayed by Anna Faris and Allison Janney consult an attorney, played by Leonard Roberts, about some tax trouble. (Photo courtesy CBS)

But as I was chopping veggies I heard "the IRS put a lien on my account." So naturally dinner got delayed by a half hour.

TV tax time: Here's the episode's synopsis. The show's titular mom Bonnie, played by the magnificent-in-everything-she-does Allison Janney, hasn't filed taxes for 20 years. She pressures convinces her aspiring lawyer daughter Christy, played by Anna Faris (who is, yes, adorable and married to Chris Pratt; life isn't fair!), to help her sort out her tax troubles.

Wisecracks are exchanged. Strained family ties are repaired. Sorta hilarity ensues. Everything ends mostly happily.

As for the tax and Internal Revenue Service component, well, remember it is a sitcom. But it made some decent points as long as you take the script as a broad broadcast comedy guideline to the tax code.

Here are the three tax biggies, fittingly on this Mother's Day, that "Mom" made.

1. Hire a tax professional.
First, get professional help if the IRS examines your returns, or in this case, lack of returns. Christy's effort to quickly learn as much as she could about taxes before the IRS hearing was amusing and futile. That's why she pushed Bonnie to hire a professional, who happened to be Ray, her recently discovered half-brother who is an attorney.

He's the one who points out "the one mistake" Christy made: taking her mom to the IRS meeting.

Again, remember it's TV. Since Christy isn't an attorney, Bonnie had to be at the IRS meeting.

But when you hire a tax professional who can represent you before the IRS — that's an attorney, Certified Public Accountant (CPA) or Enrolled Agent (EA) — then you put your tax nightmare in their expert, experienced hands.

As your official representative, he or she handles all the talking, writing, documents and negotiations with the IRS auditor. That means you don't have to go to the interview and meet face-to-face with the auditor. Your attorney or CPA or EA can do it for you.

The reason such distance often is advisable is that a person facing tax trouble too often wants to over explain and volunteer information that could create additional problems.

So rule #1 that "Mom" clearly made is get qualified professional tax help as soon as your learn you're under IRS audit.

2. Income doesn't have to be cash.
One reason Bonnie hadn't filed taxes in recent years was because in lieu of her services as an apartment complex manager, she got free lodgings at the property.

She didn't realize the value of her rent counted as earnings when it comes to taxes. It does. In fact, the IRS considers a whole of stuff as taxable income, like Bonnie's bartered housing.

If you have any questions as to what is taxable income vs. what's nontaxable, check out IRS Publication 525 for details.

3. Cut a deal.
The episode's happy resolution was that Ray, of course with Christy along since she did much of the early tax prep work, got Bonnie an installment payment plan to settle her long unpaid taxes.

Setting up a system to pay your overdue tax over time generally makes both the IRS and the owing taxpayer happy. Or, as one of the show's supporting characters noted, "The IRS just wants to make a deal. They don't try to put anybody in jail."

This being a TV show, there was, of course, a tax retort from another character who pointed out that the IRS put Wesley Snipes in jail, "robbing us of so many action-packed movies."

Still, if your tax nonpayment is not egregious, and you're not a celebrity that Uncle Sam's tax officials can use as a media catching example, ask the IRS for a plan to pay your debt over time.

Yes, you will pay interest on the payments. And yes, the penalties you incurred for not paying typically are rolled into the total due amount. But it will get you back in tax good graces without unduly damaging your finances.

And such a relatively easy resolution is something that every mom hopes for her children's tax situations.

You also might find these items of interest:

• Tax options when you're in financial trouble
• Fresh Start helped many taxpayers, but at a cost to the IRS
• Report all your income, even if you don't get an earnings statement

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State sales taxes will add to your Mother's Day gift price

Based on how much Mom is enjoying her homemade card, I'm sure she'll absolutely love the creatively wrapped Mother's Day gift. (Photo by Loren Kerns via Flickr CC) 

Moms usually embrace the adage that it's the thought that counts when it comes to Mother's Day gifts. They love those macaroni picture frames we made as kids as much as the store-bought gifts we started giving them as soon as we were making our own money.

But state treasurers don't agree.

In the 45 states and District of Columbia that collect sales tax, they are hoping we spend a lot on Mom this weekend so that their tax collectors can get a cut.

Most reliant on sales tax revenue: That's particularly true in Washington. The Evergreen State depends most heavily on state and local sales tax money, according to research by the Tax Foundation based on fiscal year 2014 data.

Slightly more than 45 percent of Washington State's total tax collections come from the taxes tacked onto retail purchases, according to the Washington, D.C.-based tax policy group's examination. When you add local taxes and transit taxes in some locales to the state's 6.5 percent sales tax, the combined levy on Washington purchases can be more than 10 percent.

The reason? There's no corporate or individual income tax in that Pacific Northwest state, although it does levy a gross receipts tax in lieu of the corporate income tax.

Tennessee comes in second with around 41 percent of its income derived from state and local sales taxes. Like Washington State, the Volunteer State doesn't have an individual income tax, except on interest and dividend earnings.

South Dakota is the third most heavily dependent at just more than 40 percent. Stop me if you've heard this, but the Mount Rushmore State also doesn't have a corporate or individual income tax.

Rounding out the top five states most reliant on sales tax are Arizona at 39.6 percent and Louisiana at 38.3 percent.

For all y'all who've read my frequent posts about living in a no-income-tax state, I wanted to let you know that Texas comes in at #10. Thirty-six percent of the Lone Star State's revenue is from state and local sales taxes.

Other state tax sources: So who gets most of their tax revenue from sources other than state and local sales taxes?

Alaska was the winner when it came to not relying on sales taxes, with less than 4 percent of its revenue coming from state and local sales taxes.

Yes, I (and the Tax Foundation) know that the Last Frontier is the only state without a state income or sales tax. However, Alaska law lets local jurisdictions levy their own sales taxes.

Also low on the sales tax reliance list are Vermont at 10.5 percent of total state income from such levies; Maryland, one of my old stomping grounds, at 12.5 percent; Taxachu… I mean Massachusetts at 13.6 percent; and Virginia at 13.7 percent.

On average, according to the Tax Foundation, 23.3 percent of state and local tax revenues in fiscal year 2014 came from sales taxes.

So if you're shopping today for the perfect gift for Mom, be sure to take your state and local sales taxes into account.

You also might find these items of interest:

• Amazon tax-free shopping ends nationwide on April 1
• City and other local taxes add to overall sales tax takes
• 5 sales-tax-free states are perfect places to enjoy National Ice Cream Day

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Trump attorneys' tax letter, take 2: This time it's re Russia

In an exclusive NBC News anchor Lester Holt, the president mentioned the letter, released today, that discusses what his attorneys say show only tangential connections to Russian money. Click image to watch the full NBC news interview.

Still no Donald J. Trump tax returns, but today we got another letter from his lawyers regarding his taxes, specifically whether there was any Russian-sourced income on his filings over the last 10 years.

The letter, from partners Sheri Dillon and William Nelson of the Washington, D.C., branch of law firm Morgan Lewis, was addressed to Trump and "hereby confirm[ed] the following facts:"

• The president holds interest as the sole proprietor or principal owner in more tan 500 separate entities that collectively comprise The Trump Organization (TTO).
• Trump operates the businesses almost exclusively through sole proprietorships, S corporations and/or partnerships, meaning that the income, as well as interest paid or received by Trump in connection with the businesses, is reflected on his personal tax returns.
• Those tax returns do not, "with a few exceptions," show any income of any type from Russian sources.

Neither do the returns, according to the Morgan Lewis lawyers, show any debt owed by Trump or TTO to Russian lenders or any interest paid by Trump to Russian lenders; any equity investments by Russian persona or entities in businesses controlled by Trump or TTO; or any equity or debt investments by Trump or TTO in Russian entities.

Nothing, but…: The few exceptions noted in the letter are Trump's beauty pageant and some Sunshine State real estate.

The 2013 Miss Universe competition was held in Moscow. Overall, that pageant earned $12.2 million, according to the letter, with "a substantial portion" of it attributable to the Moscow event.

The Morgan Lewis letter also cites a 2008 transaction in which Trump Properties LLC sold an estate it acquired in 2005 for approximately $41 million to a Russian billionaire for $95 million.

Also, the attorneys told the president: 

[O]ver the years, it is likely that TTO or third-party entities engage in ordinary course sales of goods or service sto Russians or Russian entities, such as sales/rentals/fees for condominiums, hotel rooms, rounds of golf, books or Trump-licensed products (e.g., ties, mattresses, wine, etc.) that could have produced income attributable to Russian sources (such income would not have been separately identified as "Russian" in your books and records and therefore not separately reflected on your tax returns).

The amounts from that last group, according to the law firm, "are immaterial."

Quite material to many: I'm not sure immaterial was the best choice of words, since many folks, both on Capitol Hill and across the country, still want to see Trump's tax returns. In an interview with the Economist that was published Thursday, May 11, Trump stuck with his argument that "nobody cares about my tax return except for the reporters."

However, he did add that he might release his taxes after he serves out his term(s).

"Oh, at some point, I’ll release them," Trump said. "Maybe I’ll release them after I’m finished because I’m very proud of them, actually. I did a good job."

First, it was more likely his tax attorneys and accountants who did the good job on the 1040s.

Second, who else is thinking too little, too late?

Trump tax & attorney miscellany: A few other things to note regarding Trump's taxes and Russia.

The letter to Trump was copied to Sen. Lindsay Graham. The South Carolina Republican asked former Director of National Intelligence James Clapper at a Senate Judiciary subcommittee hearing on Monday, May 7, whether he had concerns about Russian ties to Trump's business interests. Clapper said he could not comment because the issue could be a subject of an ongoing investigation.

The unnamed Russian billionaire mentioned in the letter is Dmitry Rybolovlev. His money comes from his companies' production of potash, often used for fertilizer.

This Russian-focused communique is the second letter about Trump's taxes issued by Dillon and Nelson. In March 2016, they sent out written confirmation that the then-candidate's returns were being audited. In fact, the duo wrote that Trump's personal returns "have been under continuous examination by the Internal Revenue Service since 2002, consistent with the IRS's practice for large and complex businesses."

Dillon also made a personal appearance at Trump's media Q&A on Jan. 11 when, in response to concerns about the new president making money from his companies while serving as commander in chief, he announced he would give the federal government any profit from payments by foreign dignitaries who stay in his hotels.

Morgan Lewis was named as "Russia Law Firm of the Year" in the 2016 Chambers Europe guide. In announcing that designation, the law firm said that its "Moscow office provides full-service business representation for clients, including advice on corporate and finance matters; mergers and acquisitions; transactional finance; litigation and international arbitration; energy and natural resources projects; real estate property transactions; labor and employment issues; immigration; and a wide range of regulatory matters."

Online reaction: As expected in this internet age, this latest letter's reference to the income exceptions immediately sparked a #withfewexceptions hashtag on the president's favorite social media platform,

Finally, and with the clear notation that this is not meant in any way to discount the seriousness of the matter, the best Twitter exchange regarding the attorneys' letter about Trump's Russian business connections focused on attorney William Nelson's name similarity to a favorite son of my native Texas:

Hey, I'd take Willie Nelson's advice on just about anything, with the exception of taxes!

You also might find these items of interest:

• It's official: We're not seeing Trump's taxes
• Trump's continued weekend travel, NYC home security costs raise more tax questions
• Many Americans oppose Trump's tax plan and want to see the president's tax returns first 

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