Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

If not Accounting, what profession?

Posted by taxguru on August 6, 2014

I’ve been a huge  fan of Monty Python’s Flying Circus since I first saw them on TV in the early 1970s.  They had a series of live reunion shows in July at the O2 Arena in London.  The final show, on Sunday, July 20, 2014 was broadcast all over the world and was great.  

Here is a funny sketch from that final show making fun of Chartered Accountants, which are the UK equivalent of CPAs.  

 

 

In case YouTube blocks this video, here is a link to it on my ScreenCast page.

 

 

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Public Shaming Is Working

Posted by taxguru on August 6, 2014

The campaign by the BHO Regime and its MSM allies to shame companies into avoiding tax savings strategies, such as shifting income to lower tax countries, seems to be working.  Walgreens just announced it will keep its corp HQ in the USA rather than move it to an overseas country with much lower tax rates.  According to this news story, the potential negative publicity over this tax savings strategy was a key factor in the decision.

Walgreen Co. reveals details on new ‘Walgreens Boots Alliance’

We can expect more of this kind of pressure to be exerted on companies and persons who use legal tax savings techniques.  They will be labeled as “evil” and “unpatriotic” for having the gall to want to hold onto more of their hard earned income.  

By no means am I advising against using tax savings strategies.  However it would also be wise to not broadcast it to the world.  Those who can’t or won’t use those ideas themselves will just resent you and possibly influence their elected representatives to reduce or eliminate them.  That is how we lost the deduction for 50% of business meals and the depreciation on expensive cars.  People who were taking those deductions bragged so much about them that the resentment worked its way to DC.  If you are using great tax savings tactics, keep it between yourself, the IRS and your professional tax advisor.

 

Posted in TaxPlanning | Comments Off

The Lois Lerner saga continues

Posted by taxguru on July 31, 2014

DFU POLIMERICK: Lying Lois Lerner (Video)

 

 

The Koskinen-Lerner Cover Up Continues – From Rush Limbaugh  

 

Tale of the Tapes: IRS head confirms investigators have found backup tapes in Lerner probe – The IRS liars can’t keep their stories straight. Try to get away with that when IRS is investigating you.   

 

Emails show ex-IRS official Lerner using derogatory terms for Republicans – To nobody’s surprise, the bitch is a very aggressive DemonRat activist.   

 

IRS, Benghazi, Fast and Furious: Will we ever know the truth about Obama administration scandals? – Not from the MSM, who are actively assisting in the cover-ups of the Regime’s crimes.   

 

The real Lois Lerner exposed in newly released emails –  Which is why she and her accomplices were trying so hard to hide her emails.  

 

IRS has ‘no excuses’ for latest twist in email saga, says IT expert –  It’s been obvious all along that the destruction of evidence by IRS employees has been intentional.   

 

Group At Center Of IRS Scandal Has Never Been Interviewed By FBI Investigators – Again, no surprise here.  Eric Holder has always made it clear that he has no intention of assisting any investigation into any of the crimes committed by the BHO Regime.

 

Posted in Crooks, IRS | Comments Off

An IRS Love Song

Posted by taxguru on July 22, 2014

Very funny song about the IRS criminal activities. 

 

 

Posted in IRS, Music, video | Comments Off

IRS CoverUp Continues

Posted by taxguru on July 22, 2014

Lois Lerner emails reveal gaping open-records loophole   

 

IRS seeks help destroying another 3,200 hard drives – They aren’t even pretending to cooperate with investigators any more; just destroying all of the evidence in front of everyone.

 

 

Posted in Crooks, IRS | Comments Off

Posted by taxguru on July 22, 2014

Gene Simmons Defends the 1 Percent, Claims Half of Americans Pay No Taxes: ‘Try Being Nice to Rich People’ – I wish more successful people would speak up and be proud of their achievements and fight back against those who want to confiscate their hard earned wealth and redistribute it in exchange for votes. With a greater and greater percentage of our society on the government teat (aka stealing other people’s money), it’s become politically incorrect to publicly state that you want to keep what you have earned.

 

Posted in Uncategorized | Comments Off

Posted by taxguru on July 20, 2014

Tea party groups’ suit against IRS moves forward – Let’s hope that more of the victims of IRS abuse also file charges against it.   

 

Department of Justice: We Heard About IRS Missing Emails On The News –  The entire BHO Regime seems to be taking the same approach to everything, pretending that they know nothing about anything that happens in the government that they control.  There must be some BHO worshippers who swallow this line of crap. 

 

Posted in Crooks, IRS | Comments Off

Just Another Double Standard…

Posted by taxguru on July 14, 2014

The IRS under oath

Illustrating once again that government employees are considered to be above the law, it’s interesting that, while we mere taxpayers have to sign our tax returns under penalties of perjury, government employees can blatantly lie while under oath and suffer no consequences.  In fact, quite the opposite, as demonstrated by the superstar of the DemonRat Party.  Bill Clinton was convicted of perjury and is treated like rock star royalty wherever he goes, and is being paid hundreds of millions of dollars for public appearances.

 

Posted in Crooks, IRS | Comments Off

Posted by taxguru on July 13, 2014

From Argus Hamilton:

The IRS said IRS official Lois Lerner’s e-mails about targeting conservatives in the 2012 election can’t be found. They said two years of Lois’s e-mails were lost because her computer crashed. It crashed when President Obama threw it out of Air Force One at thirty thousand feet.

 

The IRS chief said its back-up server that stored Lois Lerner’s e-mails was destroyed and recycled. Now her e-mails with the White House can’t be retrieved. The GOP just offered Ed Snowden immunity from prosecution and his Hawaiian girlfriend back if he’ll send them his copy.

 

Hillary Clinton accepted a huge gig at the University of Nevada Las Vegas in October. It’s the same campus where Obama spoke last year. Washington D.C. politicians are restricted to the UNLV campus because anybody who is eighteen trillion in debt is not allowed in the casinos.

 

From Conan:

President Obama said he wants his daughters to work minimum wage jobs because it builds character. The president then announced he will be raising the minimum wage to $50 an hour.

 

From Dixon Diaz:

Attention Hillary Clinton: moral bankruptcy does not qualify as “being dead broke.”

 

I own a business and I frequently interview people when I’m hiring. One of the questions I ask when I interview is, “Do you think Obama is doing a good job?” If they say “yes” I won’t hire them, because obviously they have no idea what it means to do a good job.

 

 

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Investing in your own business

Posted by taxguru on July 11, 2014

FoxNews has this interesting piece on the BeneTrends service that I have written about on several occasions, where it is possible to invest retirement funds in a closely held corporation. 

How to Reinvest Your 401(k) to Buy a Business

 

It’s still a very good idea and much less risky than investing in the stock market. 

 

Posted in investing, Retire | Comments Off

 
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