Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

GIGO – ObamaCare Style

Posted by taxguru on February 20, 2015

Dealing with all of the new forms and other info we need to report on tax returns is confusing enough with accurate data. It makes things worse when the source documents are screwed up, as seems to be the case for hundreds of thousands of  people we know about.

Covered California Sends Out Nearly 100,000 Tax Forms Containing Errors, Others Deal With Missing Forms

Obama administration sent 800,000 HealthCare.gov customers incorrect tax forms 

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IRS in CYA mode?

Posted by taxguru on February 12, 2015

IRS apologizes for seizing bank accounts of small businesses – IRS not happy about the recent publicity surrounding their stealing money from people.

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Song about taxing the evil rich…

Posted by taxguru on February 12, 2015

This week’s song on the Capitol Steps’ website is a tribute to bHo’s desire to steal as much income from the evil rich so that he can buy votes and shower gifts on campaign contributors.

Download the MP3: If I Tax A Rich Man

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Posted by taxguru on February 11, 2015

Please don’t leave! Connecticut tax agency keeps close watch on state’s super-rich - They are correctly aware that many victims of financial rape will eventually move to lower tax areas, such as down here in tax free Florida.

 

Remember When Taxes Used to Cause Revolutions? – Ah, the good old days, when people didn’t just bend over and allow the various levels of government to have their way with them.  It’s been quite a while since the Howard Jarvis led property tax revolt of Proposition 13 in California in 1978.  We need more of that kind of spirit.

 

Johnson asks how 80,000 ‘lost’ Lerner emails were recovered by IRS watchdog – The IRS coverup continues.

 

Is the IRS’s budget problems motivating them to outright steal money from taxpayers?
Small business owners forced to battle IRS over seized bank accounts – This is actually part of the insane and completely unconstitutional “War On Drugs” that allows law enforcement agencies to literally steal money and assets from people on the basis of mere suspicion of drug involvement. It tosses out the normal “Innocent until proven guilty” aspect of our legal system.
However, in the cases cited in this article, it appears that people are bringing this problem onto themselves by trying to avoid the filing of IRS Form 8300 for large cash transactions by obviously breaking them up into amounts just below the $10,000 threshold.  It makes them appear to be hiding something nefarious and is like waving a red flag for IRS to come and hassle them.  If the money is legitimately theirs and they can show that it all came from legal sources, they shouldn’t be afraid to just deposit the full amounts and have the 8300 forms filed.

 

 

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Is there anything the Left doesn’t want to tax?

Posted by taxguru on February 7, 2015

Of course not.  Everything is fair game to the Left, who consider all money to rightfully belong to them, to be spent as only they can do properly.

Former Obama Adviser: We Should Tax Fat People By Body Weight - Jonathan Gruber strikes again.  Can’t you just see how this idiotic plan would play out?  Every April 15, we all go step up on the official Big Brother scale, where we are assessed a tax for each pound we are above the official allowable weight.

 

 

Obama Wants Your Retirement Account – I’ve been warning about this scary scenario since the Clinton Organized Crime Family occupied the White House. Every so often, the Left raises a trial balloon of ways for the government to steal some or all of the growing amount of  money in private retirement accounts.  Changing the rules on such things as tax free Roth IRAs has always been a  possibility for our rulers in DC, who have no conscience about reneging on promises.

 

 

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TurboTax Fraud

Posted by taxguru on February 6, 2015

I’ve always made it very clear that I think trying to prepare your own tax returns is crazy, even when software companies such as Intuit make the idiotic claim that their DIY programs can replace experienced tax preparers.  I was always referring to legitimate tax returns.  It now appears that crooks have been successful at using TurboTax to file phony tax returns.  The bad guys have been so successful that Intuit has had to shut down their e-filing for all State income tax returns.

TurboTax halts state filings amid fraud outbreak  – from USA Today
Intuit Working With State Governments to Solve Emerging Tax Fraud Problem - from the TurboTax blog

Update: Arkansas DFA has just released this press release regarding this issue.  Basically, it acknowledges the issue, but claims that they are not aware of it happening yet in Arkansas.  However, as a precaution, they will be closely examining the 7,500 TurboTax refund requests that have already been processed for 2014.  Considering that the MO of the crooks has been to file fake returns early in the season and thus freeze out the actual taxpayers, I am betting that the DFA will be discovering several fraudulent refund claims in that batch.

Update 2: Snopes.com addresses this story: TurboTaxed 

Update 3: Minnesota Isn’t Taking Any More TurboTax Returns

Posted in Crooks, StateTaxes, Turbotax | Comments Off

IRS Budget Woes

Posted by taxguru on February 6, 2015

For some reason, I’m still having a hard time feeling sorry for IRS’s financial problems when we see stories like these.

Amnesty Bonuses’ in Tax Code: Illegal Immigrants to Receive Earned Income Tax Credit

IRS knowingly rehired tax cheats, other employees with ‘performance’ issues

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Posted by taxguru on February 5, 2015

As the old saying goes, “it’s not what you know, but who you know that makes all the difference.”

People Jailed for Owing Less Taxes Than Al Sharpton – Phony Reverend Al is allowed to openly commit tax fraud and skate on millions of dollars in taxes because he is the bHo regime’s go-to guy for fomenting racism around the country, and thus, too important for the regime to lose to where he belongs, in prison.

 

There are various ways by which to protest tax bills:

Texas man arrested after attempt to pay taxes with tightly folded dollar bills – So much for our Federal Reserve notes always being accepted as legal tender, as it claims on the front of each one. Maybe it’s like with a vending machine; the note is only usable when it’s flat and wrinkle free.

 
QuickBooks Pro 2015 Software - Enjoy $50 off! Save Time & Get Organized!

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Posted by taxguru on February 4, 2015

From Jimmy Fallon via Newsmax:

Yesterday Obama presented a $4 trillion budget that he says would help the middle class. Then the middle class said, “You know what? How about you just give us the $4 trillion? We’ll figure out what to do with it.”

President Obama unveiled a $4 trillion budget for 2016 that would increase taxes on the wealthy and spend more money on education. He also made a snowball and put it in the oven, just to see which would last longer, his budget or the snowball.

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Posted by taxguru on February 4, 2015

The blind leading the blind...

IRS Seeks 9,000 New Employees as It Prepares to Enforce Obamacare

 

IRS Begging for more money for operations:

IRS Chief: “We Still Have Applications That Were Running When JFK Was President” – We’re bound to see more and more stories such as this, under the IRS’s PR campaign to raise the public’s sympathy level to fork over more dough.


Where could IRS possibly find extra money?

IRS offers extra tax refunds to illegal immigrants granted amnesty by Obama


‘Tis the Season:

Thieves Targeting Mailboxes For W-2s, So They Can Steal Tax Refunds – Just as scumbag crooks exploit the Christmas season to steal gifts from vehicles, they ransack mailboxes for items that can be financially rewarding for them.

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