The All-Clear
Open full sizeDebits & Credits, September 25, 2026. Laughs are nonrefundable.
Transcript. Panel 1, the IRS estate window; an executor holds a manila folder stamped ESTATE OF UNCLE FRANK. Executor: “We paid the tax. When do we know you’re finished?” Clerk: “You buy the letter.” Panel 2, a posted rate card for the estate tax closing letter reads Yesterday $56, Effective today $76 (Final regs. Thursday.). Executor: “Twenty dollars more to hear silence.” Clerk: “Cost study. Circular A-25.” Panel 3, Debit at his desk, red pencil in hand, the “It depends.” mug, holding the letter that reads “We have completed our examination.” Debit: “You paid a cover charge to learn the show was over.” Caption: The all-clear now costs twenty dollars more than last week’s silence.
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This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · Managing Member · carlos@lapresallc.com · (917) 558-6393.