Repairs on the earlier down poll from the heavier winds earlier today that ended up blocking that road at Walnut Street. So those heavy winds did in fact affect the roads all day. Right now though everything does seem to be moving along just fine. Let's go to the downtown upper and lower decks at ninety three. Look good, Zacmbridge all wide open. Both directions upper and lower decks of ninety three, like I said, are wide open. The Leveret up and
down ramps are good. Stuo drive. No problems there. On the pike. You should be good out west heading out to Natick. Everything looks good in the south of town. Twenty four Route three ninety five all good along the south shore and four ninety five no problems right now between Foxborough and as you make your way down towards Bourne. Zach Transport wbz's twenty four hour traffic network.
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Here's the fourty WBZ and you weather forecast.
And I will be windy and cold, still under a partly cloudy sky. Low t upature around thirty two, but the wind gusts will not be as high as they were earlier. Tomorrow's still going to be a blustery day, whens gusting thirty to forty miles per hour and all add a chill to the air, despite sunshine and some clouds. I forty three Tomorrow and accub with the real field tempatures mostly in the twenties, mainly clear, brisk and cold Tomorrow,
night lows in the mid to upper twenties. Still the chili breeze Sunday, but not even as much of a factor as tomorrow. Partly Sunday. Sunday a high forty two and early clouds given what a sunshine. Monday a high of forty seven and highs get into the fifties on Tuesday. I'm accub with the bed relatis Brian TOMPs a WBZ Boston's news radio.
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Well, let's get back to Nightside with Dan Ray. I'm Al Griffith WBZ Boston's News Radio.
It's night Side with Dan Ray. I'm WBZ Costin's Radio.
Thank you very much. Al Griffin. Here on a Friday night and a little after nine o'clock as we head towards the midnight hour weekend. Beckons, we'll get you all the way till it is about eleven fifty eight. We have an interesting program lined up and we have delighted to have back as a guest, Mark Misselbeck. Mark is a CPA. He's been doing this work for a few years. I'm not going to ask him how many, but believe me, he's as good as there is. Mark, Misslbeck, welcome back to Nightside.
How are you well? Thank you for the ability to present to the public.
Well, I'll tell you, I think we've figured this out. This is probably the fifteenth year that we have done this. We've been doing the show for seventeen and a half years, and you are now with a major firm. You've been with a major firm your entire career. This one is Cherry Cherry Beckheart Advisory LLC out of Waltham. Will be more than happy to give that address and how people can get in touch with you. You're not looking for work. You've done this and generally we do it twice a year.
We did it I think it was the day before Valentine's Day in February, February thirteenth and Basically people call up with all sorts of different questions and you're not off. Amazes me, You've been doing this how many years? Unless you don't want to date the specific over four decades?
Would you say, I'm working on fifty three years?
Okay? Pretty direct? And did you go to school for this? Up here? I've never really asked you this in the air. I just wanted to kind of make people know where you're, where you where you learned everything that well, of course, this is your career, your your subject is that you have to learn stuff every year when the when the tax code has changed. But where did just where did you start off? At a collegiate level.
I took my Bachelor of Science degree in accounting at the University of Connecticut in Stores. I then spent five years with the I R. S on the other side of the table, auditing, and later on I got my master's degree at the University of Hartford.
All right, Hartford, by the way, has a few A couple of guys on the Red Sox played at the University of Hartford. I don't know how much of a baseball fan you are, but a kid they just picked up who had been a picture with the Braves, and so there's a there's a couple of players from from your old school who are who might be might be on the Red Sox this year. But we're not here to talk baseball. We're here to talk taxes. Even though taxes arrives the same month as baseball, April, taxes are
something we all have to worry about. I always like to ask this as a fundamental question, what is the best way people can save money when someone else is doing their taxes for them, whether it's a firm like yours or private practitioner. I think if people have the ability to pull their stuff together and not just put a box of receipts and all of that in front of you, is that not true? I assume you're going to agree with me on this issue.
If you don't summarize your own materials, then you're going to pay us to do it. So setting out the details of your numbers, adding up the totals, describing them, then we can just scan through them and make sure that they are properly categorized deductible items, and then drop them into the appropriate point in the return. In preparing it.
Now, you of course can help people with relatively simple returns, but every year the tax code gets bigger. When you started doing the taxes fifty yard years ago, how much has that tax code grown in terms of sections, pages, whoever you want to describe it. Has it doubled in size in the last fifty years.
I couldn't tell you. I don't keep track of that. I have enough trouble keeping up for the changes.
Well that's the point I mean. It just seems to me that there's always more. Congress is always either uh passing, you know, carve outs and exceptions. That's why the lobbyists works so hard in Washington, d C. So what I want to do is give people an opportunity to however complicated or simple their questions might be. Mark will take your phone calls at six one, seven, two, five, four
ten thirty six one seven, nine, three, one ten thirty. Again, I don't know what percentage of people at this point even attempt to do their taxes, But I think that anyone who who's earning money is well advised in this day and age to work with someone, whether it's an accountant in their neighborhood, or as their taxes get more complex, deal with a company like yours. What are some of the things that are important to know about this year's
tax season mark that perhaps are different from others. Let's start off with a few new wrinkles that people need to be concerned about.
The tax code was modified to expand the child tax credits, adds some additional credits or larger credits for home improvements that tend to provide energy efficiency. Depending upon the rating of the materials put in, you may need a certificate from the contractor to prove that it meets the criteria that qualifies the improvement for the credits, and for the first time in instead of merely being limited to your
principal residence, it's potentially available on a vacation home. So if you installed solar panels or heat pumps, solar power, heat waters, waters windows.
I have a friend of mine who installed a lot of windows which will make his home.
Tighter insulation windows more secure, that is by way of air tight or heat heat protective doors, et cetera. But the total costs tends to be limited in those categories. The greater credits are available for geothermal, for solar and that kind of thing, and those are the.
Kind of things that are much more expensive as well.
Oh yeah, but then you also have the potential for some rebate grants through either the state government or sometimes the power companies.
Now these are these deductions or are there some deductions as well as credits? And I want you to explain to people the difference between a deduction and a credit.
Typically, there's no deduction unless you are doing it more on a commercial basis to generate power and sell it back to the electric companies. It's more in the nature of credits. That is, you get to office your taxes by some dollar amount that effectively becomes a tax rebate to offset the cost of the installation of the improvement that is, reducing your reliance on generated electricity and so forth.
A lot of people still don't quite understand the difference between deductions and credits. Credits are dollar for dollar will reduce if you have x amount of credits that will reduce your tax obligation on a dollar for a dollar basis. A deduction is less valuable because you can you can offset the amount of money which is subject to taxation. But a deduction is not nearly as valuable, you know.
As a DAN. The top tax bracket for individuals is thirty seven percent. If you have a ten thousand dollars deduction, that saves you thirty seven hundred dollars exactly if you have a ten thousand credit to saves your ten thousand in taxes. That's the basic difference between the deduction and a credit.
Explain very simply, as you often are able, as you always seem to be able to do. My guest is Mark Misselback. He's a CPA. Mark has been doing this for a few years, actually a few years over fifty, but he is always at the top of his game. He's been a guest in this program now probably for fifteen years. Whatever questions you might have about your taxes, I will remind all of you that it is tax Day. This year is April fifteenth. There's no Patriots Day or Marathon Day exception.
This year.
It's Tuesday, April fifteenth. I have plenty of questions, but the questions that are the most important are the ones that work with you. So feel free to join the conversation. We'll open up the phone line six one seven, two five, four ten thirty. That's pretty easy. Six one seven, two five four ten thirty or six one seven nine, three, one, ten thirty. Don't be shy. Don't assume someone else is going to ask you a question, because taxes are so individualized.
Back on Night Side with Mark Misselbeck. Get the phones going back right after this, and we will start with what we take questions in order. So if you wait and you call late, you might not make it. If you call now, I guarantee you'll get on. Coming back on night Side.
Now back to Dan Ray live from the Window World nights Side Studios on WBZ News Radio.
Six one, seven, two, five, four, ten thirty. Those lines are full. The only line that is open is six one seven nine. As always, Mark, there'll be plenty of questions. Uh, And we're going to start it off with Heather in Arlington. Heather, welcome. You're on Night Side with CPA of several years, Mark Misselbeck. Go ahead, Heather, what's your comment or question? Hi?
Thank you very much for taking my call. I wanted to ask if you have a child who is over eighteen and becomes disabled then that you're providing and they're you know, seemed disabled, do you get a tax credit? Can you like count that as a dependent? Again, if you're providing housing and all that.
Kind of stuff.
There's some kind of noise coming through on them on the line. But yes, I.
Heard that as well, Heather everything, okay, yes, No, sorry, I don't I didn't hear anything.
Okay, Yeah, we're hearing some crackling, so that's fine. Okay, I heard the same thing.
Mark, Go ahead, Mark, Yeah, I'm getting a lot of that, but I'll try and answer. If they're over eighteen and disabled, or over eighteen and a full time student up to age twenty four. On the student side, you can still claim them as dependent. There's no additional dependency exemption to be claimed at this point, with the prospect that at the end of the year, if Congress doesn't act, we revert to the law as it stood before twenty eighteen, and then there would be a dependency exemption and your
standard deduction would go down. We're waiting now to see what action the Congress may take with respect to those tax cuts and benefits that were enacted in twenty seventeen effective twenty eighteen.
So in twenty seventeen, Heather's situation was eliminated, and it was not that your son or daughter was eighteen at that time, but that was something that was taken away in twenty seventeen.
Well, here, here's the deal. The additional trick with this is if the child is not your dependent and you're paying for the living expenses, college, rooming, car insurance, clothing vacations, those are all gifts to the child, and you can't give more than eighteen thousand without having to file a gift tax return and report the excess as a taxable gift.
It doesn't result in actual tax paid because you have a lifetime exemption approaching fourteen million dollars under the inflation adjusted exemption, but you eat into that with each year that you gift over eighteen thousand as a full time as a full dependent of yours counted as disabled or a full time student. All of the expense, since you're paying to support the child, are support obligations and not gifts, so there's no other tax impact in paying those expenses.
It's an interesting sort of distinction that Congress makes on something like that. Mark. I mean, I understand you can have a rationale for almost anything, but boy, that that seems to me that in this day and age, I mean, if I'm not mistaken, you can you can keep your children on your your medical insurance up until the twenty six Yeah, And it just seems to me to be distinctions that Congress draws, And I don't see why someone like Heather who has a child, Oh no.
I remember I said, full time student from nineteen to twenty.
No, he's able to go to school now.
Yeah, a stabled child is in a different category. And as it is a full disability, the age limit on claiming them as a dependent is gone.
Right, which seems to me counterintuitive, and again count Congress often is counterintuitive. But it seems to me that if someone is dealing with the responsibility for a child over the age of eighteen, and that child still is able to maintain independence and live at home, we should be giving that family encouragement, you know, financially and otherwise to be able to continue care for the child. I think Heather, you understand what I'm what I mean, and I'm sure
I want as well. I just wish Congress would understand it, is what I'm trying to say, because it seems to me to be frankly unfair in my opinion.
Well, you could explore the possibility of claiming it a child dependent care credit. I don't delve into that as much as I may have or may need to be able to fully advise you, but you could take a look at that.
Okay, do you have a quick question for me? Do you have your taxes prepared? Do you do them? I hope you don't do them yourselves because they're so.
Damned Oh, absolutely not. We were going to ask our tax professional. But I my husband and I were talking about the other night. We're like, what happens if you ever a kid who was okay and then becomes disabled, and then now you're responsible again? Can you claim them?
You know?
Yeah? But I just think that again, the Congress produces these these new regulations or they changes, they change the code, and on one like this, the average American if you said, should someone who's taking care of a child over the age of eighteen, should they receive some additional tax benefit? I mean as opposed to saying, well, we're gonna put them in some sort of a medical facility or some sort of a facility that's going to care for him.
It's much more economic for that the other taxpayers and for the government for you to be caring for your child, and and your child probably is much more comfortable in a home, in an at home setting. Why would Congress
not recognize that? That's That's one of the frustrations I have as somebody who deals with Congress a lot a lot of times, and you just know that there has to be someone out there who's working some some committee or some members or influential member of Congress, uh and and and not looking at it from the perspective of Heather from Arlington, who's dealing with the situation of of of you know, difficulty, but also you know, love for her child. So Heather, thank you for doing what you do.
And I hope that that your son or daughter is going to be uh taken care of and and hopefully will regain their independence totally in some in some form of goal. You bet you, Heather, Thanks for listening tonight.
Thank you so much, very well.
Ye bye.
Thanks Mark. Do you agree with me on that that sometimes you wonder what the rationale is for Congress to do this or not do this?
Well as to the student age limit, the seeming logic behind it is four years of undergraduate degree. Two years of graduate degree should give somebody enough education to support themselves, right, and if you're still supporting them. Then it's more, it's not your obligation under the law, and it's not to get them to the point where they've gained the skills to go to work. It's just gifting to them to continue on to whatever life goal they may have before
they become productive members of society. So that's the twenty four age cut off, But disability continuing to support and not be treated as a gift that causes further tax implications to you and keeps them out of the dole of the government supporting them is seemingly the logic behind it, as much as I can divine whatever logic there may be to this area of the law.
Right, but it sounds to me as if heather situation is that she will not be able to claim him as him or her as it dependent up when they get beyond the age of eighteen, even though.
Oh no, no, no no, if they're disabled, the age limit has no impact on it. It is the fact that the child is disabled or even the adult is disabled, and they are still caring for them.
Okay, good, then, I'm i'm I'm all revised and revoked by remarks. I was under the impression that she that she was not receiving the benefit of being able to claim that child, that disabled young person as a dependent. We'll take a quick break. Thanks very much for the clarification. Mark, I'm sorry I misunderstood the conversation. That's my fault. We'll be back on Nightside. The only line open right now is six one, seven, nine, three, one, ten thirty. All
the other lines are filled up. We will get to as many people as we can and Mark Misselbeck uh is with us until ten o'clock at least, if your interest continues. Mark has always been very generous with his time. We will be back on Nightside right after this with Mark Misslbeck CPA of fifty three years, so he knows what he's talking about. Coming back on Nightside.
You're on night Side with Dan Ray on WBZ, Boston's news radio.
All right, back, we go to the phones, and I want you to know Mark, we have full lines, so let's keep rolling. Here're gonna go to Suzanne in Newton. Suzanne, do you have a tax question from I?
Actually do. I am an eighty six year old lady in assistant living. I have my taxests in New York, but can I deduct anything at this stage? Of my life. I can't dedust by rent. I do deduct my charitable contributions. This is not a vacation house. Is there anything at eighty six yearly in an assistant living with some services can deduct legitimately. I don't have any.
I don't have Okay, you gotta listen up, now, says any started trying to answer you a question.
Go ahead, mark ye. In order to itemize, you have to have more than the standard deduction that is provided in the law, depending upon your filing status. Assuming you are a single person for twenty twenty four, the standard deduction is fourteen eight hundred dollars, and if you're over age sixty five, and that sounds as though you are, then there's an additional nineteen hundred and fifty dollars permitted as a deduction without having to figure out taxes, charitable
contributions of medical interests and so forth. So you're starting off with sixteen seven hundred and fifty dollars. If your aggregate itemized deductions are less than that, it doesn't make sense for you to try and itemize for schedule a itemized deduction. Now that said, if you have significant charitable contributions, or you bunch your charitable contributions, that is, make a bundle in one year and not do it the year
before and the year after. That raises your charitable contributions plus up to ten thousand dollars of local taxes automobile X size, real estate or income taxes to the state. The cap is currently ten thousand dollars. That can go into the bucket to beat that sixteen thousand dollars deduction plus medical in excess of seven and a half percent now in the medical category if you're an assisted living.
Each year the assisted living, depending upon its statistical analysis of how it has spent its money, will tell you what portion, if any, of what you're paying for living in the facility can be counted as a medical expense deduction. Then you test that for the deduction in excess of seven and a half percent to add into your other deductions to come up over the standard deduction of sixteen seven fifty first single.
A lot of numbers there, Suzanne, and I'm sure.
That thanks you so much, by.
Right, okay, age, okay, thanks Susan appreciated. The point is that there are things out there and and deductions that you might not be aware of, and that's what we're hoping to do. So, Uh, the the answer that Mark just gave to Suzanne could apply to hundreds or thousands
of people who were similarly situated. So again, this might be a reason why you might say to yourself, I want to go to a professional tax preparer, or if I'm doing them myself, I at least want to be aware of some of the things that Mark just mentioned, and that's the benefit of this program. Next up is Steve from Rentham. Steve, you're on with Mark Misselbeck the CPA, not only for Knight's Side tonight, for my nightside audience, but with Cherry Beckett Advisory LLC out of Waltham.
Go right ahead, Steve, Steve, if you're ready to go, ready to go, If you're having a good you're on with Mark Misselbeck.
Go ahead, Steve.
Hey, Mike, Because of cod whatever and getting older, I put a rental property in an irrevocable trust. But then the house needed all new windows inside and everything else. But the trust didn't have any funds to do that, so I supplied the money to do that. There is a way to write off the money that I theoretically loaned the irrevocable trust.
Well, either you actually loaned the money to the trust and it's not a write off because you expect to collect it back, or you made an additional contribution or transfer into the trust. Now, if the trust is a fully irrevocable trust and a completed gift, you had a gift tax return you needed to file when you placed the rental property into that trust, and any additional funds
need to be reported as a gift. The good part is if you have the proper provisions in the trust that treat any additions as an immediate gift to the beneficiaries of the trust. The first eighteen thousand transferred into the trust per beneficiary will not impact your gift ability for current or through your current gifts or through your estate. After that, you reduce your ability to make gifts through
your estate as bequests. But if you're going to treat it as a loan, not only do you not have any deduction because you're going to get the money back, you need to charge interest. If the loan is in excess of ten thousand dollars and remains outstanding for more than six months and there are governor governments, there are governments set minimum interest rates that must be applied to
that loan. Otherwise, on December thirty first, whether you collected interest or not, or charged interests or not, the government now mandates, or the Congress has mandated, that that minimum interest rate for the rental of the money by the borrower must be paid to you in the form of interest and is treated as given back to the borrower, in this case as a gift because of the relationship between you as the lender and the trust of the borrower.
Steve, let me ask you this. The house that you put in the trust is not your the home in which you live. It's a second property, correct, Okay? Is that property available? Is that property rented? You get income for that property?
Well, the income comes in to pay the mortgage. And I did it as a medicarrier locable trust.
No, I understand, but that's not my question, and I just want to make sure that I understand that. And also it may well, I'm sure Mark want to comment, how long have you owned this this house that you put in trust? This this this this separate property that you put in trust. Uh, and that you now have invested some money to modernize it or to make it tighter. How how how long had you owned the property outright before you put it in trust?
Forty plus years and it's been in the trust now four years?
Okay? During those forty plus years, has it always been a rental? Have you treated it as a rental property? Has it? Have you been able to rent and make money off it during the summers? Or has it just sat there and no rent came to you?
No?
No, it was always rental.
Okay. How much money last year would have you made in terms of your rental property? How much rent would have you would have that generated for you? Approxiate? I don't know.
About eighty thousand, okay?
And how much was the how much was the money that you invested the loan you made to do whatever you wanted to do?
One hundred and twenty.
Okay, So there's some numbers, mister missiback. He's generating about eighty per year and it's spent one hundred and twenty in one year. How would you handle that?
The one twenty sounds like it's a loan. You need to charge interest the highest short term rate on the demand loan that the government mandates as a minimum industrate in twenty twenty four I believe was five point one two percent in June of twenty twenty four. So if you charge interest to the trust at five point one two percent, which seems to be below what you would get if you went to a commercial lender at a bank, you'd have a favorable interest rate, you'd have to pick
up the interest. The trust would have to pay you that interest. Now, without getting into it, somebody needs to look at the terms of the trust or speak to the attorney who crafted the trust to make sure that it is a completed gift, that the trust is responsible for paying taxes and not you. Depending upon the terms of the trust, it could be that you were responsible
for reporting the income rather than the trust. I can't speak to that without going through the trust document, which of course I can't do tonight.
Yeah, but okay, at least I think he's given you some guidance here. The most important thing is, I assume you have a profession who prepared your taxes. If you have an income property that's going to generate eighty thousand dollars per year, correct, and.
The trust is under I report it as income on my tax return.
Okay, well, I think the answers are going to be pretty obvious when you sit with you. But again, you've got to treat it as an arms length transaction and you have to be concerned about, uh, the what I think Mark would be referring to as imputed interest. So I hope we've helped you a little bit. It's uh, it's a good There's probably a lot of people out there who are in similar situations. So thank you for joining us.
Tonight, YOD, thank you, You're very welcome.
We'll take a break. My guest is Mark Missilbeck. We'll be right back. We have a couple of only one open line six one seven, two five, four ten thirty. Jump on board. We have coming up next. We got Maria in Plymouth. We got Jimmy and Cambridge and Jay and Sharon and I got some room for you, but only at six one seven, five, four ten thirty. Back on night Side right after this.
Now back to Dan ray Line from the Window World, Light Side Studios on w b Z the news radio.
My guess, Mark Misselbeck, CPA. We're talking taxes. Tax Day approaches April fifteenth, as it does every year. Let me go next to Maria in Plymothy. Maria, you are next on Night Side with Mark Missilback. Welcome, Go right ahead, Maria. What is your question for Mark?
Hi? Mark? My question is on the regarding the circuit breaker, say credit whatever for the circuit breaker to qualify, do you have to pay Massachusetts income tax?
It's more well, the circuit breaker is a credit back, so if you don't have tax, you may not get benefit from it. But there are income limits. You need to give them all kinds of details of your taxes and other elements. And from what I hear amongst the community of CPA preparers, virtually every submission of the circuit breaker tax is scrutinized very strongly by the Department and a revenue and they demand all kinds of information and
documentation for it. I hate to be discouraging on it, but very few of anybody who has submitted it gets clear sailing on it, to my.
Knowledge really, because we have some people at our Senior center filling out forms and they said, you know, people have done well getting their money back. But I just wondered, because my income comes from a mass pension, so you don't pay tax on that in Massachusetts.
So I wondered if you have.
No taxable Massachusetts income, if there would still be a possibility of getting a credit. I didn't know if the credit comes from like your town, through the taxes, or it comes through this.
No, it's coming from the state. It's part of your submission of your state income tax return. I've only done it a couple of times. The couple of times I did it, the income was so low that it did not seem to draw the attention of the department in challenging it. But I have had communications posted on our professional message board that it is problematic in a lot
of instances. It may be that people who are edging towards or slightly over or slightly under the ceiling on the income limit to qualify for this benefit draw more scrutiny than the others. But I could just that is the word amongst.
Us, If I could just jump in for a second for those who do not know what a circuit what the circuit breaker is that Marie is referring to senior citizens sixty five years of age or older by December thirty first of last year might be eligible to claim a refundable credit on a Massachusetts personal income tact return.
The circuit Breaker tax credit is based on the actual real estate taxes or rent paid on the Massachusetts residential property you own or rent and occupy as your principal residence. The maximum credit amount for your tax year of twenty twenty four is two seven hundred and thirty dollars. If the credit you owed exceeds the amount of the total tax payable for the year, you'll be refunded the additional amount of the credit without interest. So I just want
people to understand what we're talking about here. This is a tax break for senior citizens who are sixty five years of age or overlay.
DAN.
This is where this is where the practicing community is sharing information and saying as a pure outgo from the state Treasury. In a lot of instances, it's another area that is perceived to be susceptible to fraud, as was the earned ERC credits and other credits that the FED adopt the federal government adopted during COVID nineteen that was rife with fraud. So it while it sounds beneficial, it also tends to attack attract greater scrutiny because of the potential for the fraud.
All right, Maria, thank you very much for the question. That's that's an area of a very very interesting area. Thanks very much.
Good, have a great I asked one more quick question.
Yeah, go ahead, go ahead.
Okay, quick question. So if my husband passed away last year in the spring, I would file is still filed jointly?
Yes?
For the year that the spouse dies. Yes, you file mary filing jointly thereafter your single unless you have a qualifying child and can claim head of household. I don't imagine that's the case here, but I put it out there.
Okay, thanks Maria, Okay, thank you so much. Have a great night. Let me go to Jimmy and Cambridge. Jimmy, how are you, sir?
I'm good, Dan, nice to talk to you again. Thank you so much for your show tonight.
I know who this is. If you want to identify yourself further, great, If you don't, that's okay too, my friend. You go right ahead.
Sure.
Well.
First of all, I love the show. I don't know that much about taxes, so I'm glad you have an expert on But I was reading recently that Doge and the Trump administration is planning on cutting more IRS agents during tax season, and the articles I was reading was saying this is going to result in less tax revenue
for the United States of America. So I asked, your guest, do you think cutting IRS agents and the demonization of the IRS that seems to go on in certain sectors of our society, do you think that's healthy for the economy? Do you think it's healthy for the United States of America.
Okay, let me first of all give Mark an opportunity. He's here as a CPA are for tax advice. I don't know if he wants to weigh it into what might be construed as a political question. Jim, so Mark, you can you can either defer or you can react.
I will remain neutral in the broadcast community and say that this is more of a political nature than falling into the area of advice on taxes. This is more on tax collection, tax enforcement, and sometimes tax advice, because a chunk of those people will be manning the IRSH communication centers where the questions come in during tax season to the best of their ability, they will also answer questions such as I'm doing tonight.
Yeah, absolutely right. I think that I think Jim is a.
Good question of that.
Dan and I also think this and to comment that some people might read into that answer. If I could, if I could make an editorial coal Man, thanks Jimmy. That gentlemen is a well known Greater Boston comedian, Jim Tingle. Jimmy, thanks very much. We'll talk soon.
Okay, Thanks, Dan, appreciate it.
You bet you. We'll be right back now. We're going to take a break. Mark, I got some other calls. If you could stay with us for a little while into the next hour, we'll see if the calls sustain. Uh. Can you I know it's a Friday night, and I know it's the end of a long week. Can I hold you over into the next hour?
My week runs through the weekend at this time of the year.
Uh. He is a good sport and a great friend, Mark, Misslbeck. Uh, he's a fabulous CPA to boot. If you have a question and you're on the line, we're going to get you, I promise. If you're not the only lines that are open right now, we're six one seven, two, five four ten thirty six one seven, two, five, four ten thirty back with Mark, Misslbeck. Mark, we get about six or seven minutes here. If you need to stretch your legs or get a glass of water. That's a exactly what
I'm going to do. We'll be back in about six or seven minutes with CPA Mark Misselbeck of the firm Cherry Beckhart Advisory LLC out of Waltham, Massachusetts. They do not need more business. If you want to contact Mark, you can do that. But he does this and I think he enjoys doing and he enjoys talking to nightside listeners, and I am very grateful for his time. We'll be back on nightside right after this