Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for December 27th, 2003

Posted by taxguru on December 27, 2003

Oakland Mayor Brown Suggests Tax on Unhealthy Behaviors Could Generate Much Needed Revenue – His protege may be out of office, but Governor MoonBeam is still as crazy as ever.

Prosecutor: Humbug to Jurors’ Holiday Cheer – She likes to pick juries when everyone is the worst mood possible; during tax season. Unfortunately for her, she can’t choose from professional tax preparers during that season since we are exempted from service during our busiest time of the year.

Notorious e-mail scam snares Volusia retiree’s nest egg – It’s practically impossible to have any sympathy for someone stupid enough to fall for the long running Nigerian money laundering scam. The fact that this idiot lives in South Florida shouldn’t be much of a surprise either.

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Posted by taxguru on December 27, 2003

Bush committed to combating budget deficit – He sure has a funny way of showing this. He hasn’t vetoed any of the drunken sailor spending bills passed by Congress and has in fact himself been championing record levels of new programs, such as the expansion of the already screwed up Medicare system. I’m a big believer in actions speaking louder than words; so I can’t buy into Bush’s sincerity regarding fiscal conservatism until he implements controls over the size and cost of government.

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Posted by taxguru on December 27, 2003

Last Day to Sell – This is a good explanation of the often confusing issue of the effective dates of stock transactions for tax purposes. This is also a good time to remind everyone that a stock has to be actually sold by December 31 in order to claim a loss on your 2003 tax return. Just because it has dropped in value from your original purchase price does not entitle you to claim it as a capital loss. This is completely consistent with the way you handle stocks that have gone up in value. Those gains aren’t taxable until you actually sell the stocks.

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