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Archive for the ‘IRS’ Category

2015 Federal Tax Inflation Adjustments

Posted by taxguru on October 30, 2014

This year, two tax publishers have already calculated the inflation adjusted tax brackets for 2015, which are handy for tax planning purposes.  Notably, the annual gifting exclusion will remain at $14,000 for 2015.

 

Wolters Kluwer, CCH Projects Inflation-Adjusted Tax Brackets and Other Amounts for 2015

 

Bloomberg BNA has this handy 17 page pdf of the upcoming inflation adjustments for 2015.

 

Update: Tax Foundation has posted a very handy summary of the 2015 adjustments.

Update 2: IRS has just released its official announcement of the inflation adjusted changes for 2015

IRS Press Release

IRS Rev Proc 2014-61 with all of the details (22 page PDF)

 

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Be careful of fake IRS contacts…

Posted by taxguru on October 20, 2014

Fake IRS agents scare many consumers into paying up

Even if you’re not sure whether somebody is really with the IRS or not, the safest way to approach it is to have your professional tax advisor handle all interfaces with IRS on your behalf.  S/he should be able to quickly spot a scam, as well as protect you from the improper tactics used by some actual IRS employees.

 

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IRS Attacks were coordinated by those in the White House

Posted by taxguru on October 14, 2014

It was obvious from the beginning that the IRS attacks on opponents were initiated by bHo and his accomplices, such as his chief advisor.

Senator Pat Roberts: Valerie Jarrett Was Involved In IRS Scandal

Of course, the trillion dollar question is, Who in the GOP has the stones to prosecute anyone in the bHo Regime for any of their blatant crimes?

 

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IRS still attacking bHo critics

Posted by taxguru on October 8, 2014

Producer of anti-Obamacare movie ‘Sick and Sicker’ hit with IRS audit

 

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Lois Lerner Update

Posted by taxguru on October 7, 2014

For someone who claims to have done nothing wrong, she’s not very willing to discuss things publicly.

  Funny video of Lois being pursued near her residence.

 

 

 

 

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IRS Refund Parody Fools Some People

Posted by taxguru on October 4, 2014

The Onion isn’t the only parody site that fools people with what appear to be true news stories.  This one from The National Report fooled some people because, as with all good humor, it is something that people could very easily believe to be true.  Of course, with the continuing financial fiasco in DC, I wouldn’t bet against something like this becoming reality in the future. 

2014 Federal Tax Refunds To Be Delayed Until October 2015

I learned about this from an article on Snopes.com.

 

 

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Tax Info Isn’t Confidential

Posted by taxguru on October 4, 2014

Except for non-profits, IRS is supposed to keep our tax return data secret from anyone else.  However, if the taxpayer happens to oppose the bHo Regime’s policies, the supposedly confidential tax info is accessed by political hatchetmen and released to the media and other bHo supporters.  This is obviously illegal, but nobody has the guts to prosecute supporters of the first black president for any crime; so they have free reign to continue violating our rights.

White House Can’t Hide Look Into Koch Tax Data Misuse

 

 

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IRS Criminal Actions Will Continue

Posted by taxguru on September 22, 2014

Exclusive: Lois Lerner breaks silence – She obviously knows that she won’t be punished for any of her crimes; so they will continue at the IRS by her accomplices. 

 

Lois Lerner Compares Herself To Jeffrey Dahmer – A vivid analogy. 

 

Koskinen: ‘Hard Drive Crashes Continue As We Speak’

 

IRS Commissioner: We Follow the Law ‘Wherever We Can’ – What a weasly phrase. Try using this explanation during an IRS audit and see how far that gets you.

 

 

Posted in Crooks, IRS | Comments Off

Pushing back against the IRS PTIN Fees

Posted by taxguru on September 10, 2014

Interesting article and comments regarding the IRS’s recently enacted policy of charging us preparers for the annual use of a PTIN, which used to be free.  It’s great to see other tax practitioners who are not afraid to publicly disagree with IRS practices. 

 CPAs Sue IRS over PTIN Fees

The main concern isn’t the amount of money IRS is charging for the PTIN, which is actually a small fraction of what we already pay to maintain our CPA licenses; but the increasing control IRS is trying to exercise over our relationship with our clients in regard to helping them legally reduce their tax burdens. 

 

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Singing about the IRS scandal…

Posted by taxguru on September 6, 2014

A live version of Remy’s “What are the Chances (An IRS Love Song).”

 

 

 

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