Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for August, 2003

Posted by taxguru on August 13, 2003

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Posted by taxguru on August 12, 2003

It’s long been a dream of mine that this is how spammers, those vermin of the Internet, will be dealt with. Track them down and use sledge hammers to send their computers to cyber heaven. What judge or jury would convict a spam vigilante for doing what we all wish would happen?

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Posted by taxguru on August 12, 2003

Respect for April 15 Deadline Is Eroding – It sounds like more people are catching on to the benefits of filing tax returns later. I do only a few returns by April 15, and most of them around October 15. I hope the fact that a lot of other people are copying this doesn’t mess things up with IRS. Sometimes there is a tendency for tax breaks to be spoiled when too many people try to take advantage of them and they rise to a higher profile on the IRS’s radar.

ABA Loosens Attorney-Client Secrecy Rules – Am I reading this correctly? If an attorney suspects a client is involved in a financial crime, s/he should inform the authorities. If the client is involved with something like a murder, rape or terrorist bombing, does the attorney have to keep quiet because it wasn’t financial?

Dean Gave VT High Taxes, Yet Media Tag Him “Fiscal Conservative” – Just another example of why the leftist agenda driven media can’t be trusted; especially in the coming months as they ramp up their push to anoint Queen Hillary as the smartest human to ever grace the planet in her drive for a third term in la Casa Blanca.

No cameras, please! Big Lotto winner’s shy – He’s starting off on the right foot in his new life as a target for all the leaches in the world.

Alabama GOP Governor, Christian Coalition Support Billion-Dollar Tax Increase

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Posted by taxguru on August 12, 2003

How I have always described playing the stock market.

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Posted by taxguru on August 12, 2003

At least three Libertarian candidates will appear on California recall ballot – I haven’t yet decided who to endorse for Governor of the PRC. Obviously, anyone, even the strangest of the group of clowns running, would be better than the thoroughly corrupt and incompetent career politician currently in the office. The novelty factor of Arnold S. is interesting. However, as many are already pointing out, he is the classic RINO, and is just as fond of government taxpayer funded programs as the DemonRats are. I don’t know any of the three Libertarians running; but this could be the best chance for a very real alternative to the status quo two party monopoly. I wish Art Olivier, the LP’s 2000 VP candidate, were in the running, because we were very impressed with him during his campaign swing through Arkansas that year. Coincidentally, Art was once the mayor of Bellflower, where Arnie and Arianna had their big candidacy filing show last Saturday.

End of the income tax? – There are still some people pushing the idea of replacing the income tax with a national sales tax. It is a very radical idea, with a very uphill battle; but I have long supported it as much fairer than the hideous monstrosity we have with the income tax system in this country. Such a drastic change would obviously dramatically alter what we professional tax practitioners do; but it would in no way put us out of business. There will still be plenty of clients looking for ways to minimize their new sales tax liabilities.

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Posted by taxguru on August 11, 2003

Howard Dean the tax machine – I’m not planning on spending much time analyzing any of the idiots pretending to run for president on the DemonRat ticket because, as I’ve always said, their purpose is nothing more than a distraction for the actual nominee, Queen Hillary. However, it’s interesting to note how in love with taxes the person who is being touted as the most fiscally conservative is. That pretty well tells the story of how any DemonRat in power will deal with tax issues.

States set bait to lure California companies – It shouldn’t be hard for any state to look better than the PRC.

Some major companies still use pro forma accounting – Aka where accounting and creativity meet.

Harrison Abstract auctioned – They are actually liquidating things from this mess much more quickly than I expected.

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More Media Propaganda For Higher Welfare

Posted by taxguru on August 10, 2003


More Fretting About Unfairness of Who Gets Child Credit Hike

ABC Delivers Another Story About Poor Missing Child Credit

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Posted by taxguru on August 10, 2003

Justice Rejected IRS Call for Enron Probe – It’s interesting to note that this happened in 1999, when the Clintons were co-presidents. So much for the theory that Ken Lay and Enron had the Bush administration on their payroll. While most of the big corporate accounting scandals were publicized during the past few years, they were actually taking place under the watchful eyes of the Clinton gang, who rode the stock market bubble up for all it was worth. Let’s not hold our breath waiting for anyone in the press to ask Queen Hillary about this during her current presidential campaign.

Retailers see results from child tax credit checks – People are spending their tax savings now; not next April.

Big cuts loom for Social Security, GAO warns – What? A house of cards isn’t very sturdy?

Prelude to higher taxes

A call for common sense. Taxpayers wish government would budget more as they do – Common sense among our rulers is as rare as an honest politician.

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IRS Loses One Battle Against Tax Protestor

Posted by taxguru on August 10, 2003


I have always been very open with my opinions on the ridiculous arguments many people use in their attempts to illegally evade their responsibilities for filing tax returns and paying taxes. One of the tricks commonly used by these people is to refuse to file tax returns until someone from the IRS will provide them with specific legal citations of where in the law it requires people to file tax returns and pay taxes. IRS policy in response to these requests is to ignore them and just send the standard demands for tax returns and payment of taxes based on the W-2 and 1099 info it has in its computers.

Many in the tax protestor movement are currently declaring victory with this approach based on this recent case in Memphis, where a FedEx pilot was acquitted of criminal tax evasion charges because IRS didn’t answer her questions. While she did dodge the bullet in regard to the most serious criminal charges that would have sent her to prison, she hasn’t escaped responsibility to pay the taxes on her income. She will still end up having her paychecks garnished and assets seized and will have to pay at least triple the amount that would have originally been required, after factoring in the compounded interest and penalties that she will still be forced to pay.

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Posted by taxguru on August 9, 2003

Defining a Small Business – Some clarification of the very misunderstood hobby vs. business rules.

Fight Club – The Club For Growth is getting noticed for its attacks on RINOs. It will be interesting to see how they address the issue of Arnold for guv in the PRC, because he appears to be a textbook example of a RINO.

In Seattle, prospect of espresso tax is grounds for anger – Caffeine addicts are now in the cross-hairs.

Tax Agents Descend On Yard Sale – Just as with the Sopranos, it’s risky to forget to share the loot with our ever-present business partners, the government.

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