Tax Codes Oh My!

Rep. Earl Blumenauer

729 NE Oregon Street Suite 115

Portland OR 97232

 

Dear Rep. Blumenauer:

 

Far be it for me to understand the tax code well enough to suggest the IRS get a reality check. However, one can assume, I can rely on information from my accountant.  As this country tackles our current economic crisis, and the news reports daily on job loss, it may be time to take a fresh look at the tax codes for job hunting expenses.  Some of the people working for me are soon going to be out of work because their jobs are being eliminated, and they are being replaced by a computer. I, too, will lose my job once this transition occurs.  This is the time when a rational person takes a look at his or her career choice and examines the practicality of looking for the same work, or taking their skills and applying them to a new industry.

 

As I prepared to do just that, I contacted my accountant for help in tracking expenses for job hunting and getting my home ready to sell. It is very likely I will be forced to sell since finding new work to take quite some time in the present work environment, with more layoffs occurring daily. I was outraged to learn “Expenses of looking for a new job in a taxpayer’s present line of work are tax deductible, even if a new job is not found. However, expenses of looking for a new job in a new trade or business, even if a job is found, are not deductible.”  This outrageousness would be laughable if I were in a laughing kind of mood. Further reading makes it evident the IRS has not given any thought to job hunting in today’s electronic age.  I would venture to guess there are many laid-off workers who are not LinkedIn, networked on Facebook, have web sites, Twitter,  have broadband connections, or are set up for web based live interviews.

 

As our new president speaks of creating new jobs, it is time to create new tax codes to support his vision of a vital work force and a thriving economy.

 

Thank you for taking the time to read this letter and your attention to this matter.

 

Best Regards,

 


is | Topic: Journal | Tags: ,

3 Comments, Comment or Ping

  1. 1

    Great post. I will read your posts frequently. Added you to the RSS reader.

    02 Mar
  2. 2

    Nice writing style. Looking forward to reading more from you.

    Chris Moran

    02 Mar
  3. 3

    I find your comments quite lucid, something the tax codes could stand more of!

    02 Mar