MARCH 5, 2001
HEADLINES

DID YOU KNOW?
Is a Mouse with a Half-Human Brain Still a Mouse?
U.S. scientists have successfully produced mice with human brain cells, which may be an important breakthrough for developing treatments for brain disorders such as Parkinson's and Alzheimer's, but which may also spark debate regarding the ethics of bioengineering.

LEGAL LINES
Timely Mailing is Still Timely Filing Despite Attorney's Misunderstanding
In 1999, the IRS determined a deficiency in Marguerite M. Cranor's estate tax return. They sent a notice of deficiency by registered mail on June 8, 1999 to John Phillips Jr., the Administrator of Cranor's estate. The estate had 91 days to file a petition with the Tax Court, since the 90th day, September 6, 1999, was a holiday...

MEDI-MINUTES
Governors Request Action on Medicaid
The National Governors' Association, concerned about the slowing economy and imminent state budget cuts, is urging President Bush and Congress to overhaul Medicaid, which is threatening to consume the states' revenues. 

MONEY MATTERS
Are Your IRA Fees Billed Separately?
Gary Klott of TaxPlanet.com makes the following suggestion for anyone who invests in Individual Retirement Accounts: Have your IRA fees billed separately.

Top Site Of The Week:
Medicaid Information on the Web
 

Book Of The Week:

The Supreme Court and Individual Rights




NATIONAL NOTES
Americans Concerned About Chronic Ailments
Most Americans believe that individuals with chronic health conditions are not getting adequate medical treatment and that Washington should take action soon to improve their care.

RESOURCE CORNER
2001 Tax Hints
The IRS has released "2001 Tax Hints: Practitioner's Guide to the Filing Season," the first electronic newsletter for practitioners that has been produced jointly by the IRS service centers and National Headquarters. 

TAX TID-BITS
IRS Issues Proposed Regulations Revising Definition of 'Income' For Trusts
The IRS has issued proposed regulations to revise the §643(b) definition of income to take into account changes in the definition of trust accounting income under state laws. 


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