TOP DRAWER INK NEWSLETTER

 

Here's the latest issue of Top Drawer Ink, the newsletter written by author HL Carpenter that's chock full of humor and common sense information.

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March 6, 2010
Volume 8, Number 5
ISSN 1554-6330

In this issue:

1. Carpenter Country Essay

2. Top Drawer Article

3. Top Drawer Tips

4. Top Drawer Satire

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CARPENTER COUNTRY

What's Happening in Our Neck of the Human Experience

What's with the weather? One day it's warm, the next day it's cold. Could this be global warming? Or maybe Mother Nature is getting forgetful and doesn't remember Daylight Saving Time and the Spring Equinox are just around the corner.

Whatever - all this switching back and forth is confusing everything.

In Carpenter Country's neck of the woods, the dogwoods and azaleas are having a hard time trying to decide if they should bloom. They're putting out one flower at a time as if they're testing the air.

The birds are equally undecided. The tweet of the day seems to be - should we build a nest and get busy with egg-laying or go hide in the bushes for another month.

And of course the crazy weather has the short one guessing.

Each morning she looks out the window and wonders - is it winter or is it spring? What's the dress code for today – long sleeves and slacks or shorts and tees? Last week she called the weather station, but nobody there knew any more than the birds and the flowers.

What the short one does know is she's tired of feeling cold. This is March in the sunny south, for Pete's sake, and her bathing suit is still tucked in the dresser drawer.

She's ready for summer or at the very least a shot of global warming. So here's her message for Mother Nature - or whoever is running the show these days.

Quit goofing around and bring on some heat!

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TOP DRAWER ARTICLE

Corporate Due Date Reminder

by
HL Carpenter

When you think of income taxes, does April 15 instantly come to mind?

That's understandable. April 15 has been the tax filing deadline for individual taxpayers in the US since 1954.

But if you're a US business owner, you may think first of a different date: March 15.

Click here to read the rest of this article

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TOP DRAWER TIPS
Topics and Tidbits

Tip: March 15 is the due date for filing Form 2553, Election by a Small Business Corporation, in order to make a valid election for Subchapter S status for the previous calendar year. If you have reasonable cause for missing the due date, you can request relief by filing Form 2553 with your initial corporate income tax return, Form 1120S.

Glossary Term: Subchapter S Election. An election a corporation must file with the IRS in order to be taxed as a Subchapter S corporation. The election, made on Form 2553, must be signed by all shareholders.

Financial Horoscope: It seems fitting the month most associated with green is also the month the first US paper "greenbacks" were issued. Of course, it's also the month we celebrate National Procrastination Week, but you should never put off making the election to save as many greenbacks as possible.

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TOP DRAWER SATIRE

The Political Theater

by
HL Carpenter

The Political Theater, a Washington DC playhouse renown for screwball comedies, today revealed that a lead actor shot himself in the foot and has had to relinquish his starring role in the soap opera "Ways and Means". While the announcement may prove taxing to other members of the cast, theater buffs will be relieved to know the show will go on.

Click here to read the rest of this satire