Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for February 13th, 2004

Posted by taxguru on February 13, 2004

Fake $5 bills spotted – Making money the new fangled way – with a copy machine.

Enforcing German Sex Tax Ticklish Business – Some headlines are just too good to pass up.

Education savings plans – One word of warning – the tax free status of these plans can be changed in the future; so don’t be surprised. Our rulers have done it before (broken these kinds of promises) and will do it again. The longer time horizon you have for withdrawing from the savings account, the higher the risk you have of being shafted.

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From MSN Money

Posted by taxguru on February 13, 2004

Do it right: Your 15-point tax checklist

Get your tax refund now — for a hefty price – Legal loan sharking. People who use this service are idiots on at least two counts. First, they intentionally give the Feds an interest free loan of their money during the year, and then they pay through the nose to get their own money back faster. Adjusting their W-4s to have less tax held out would be a much wiser move, and it’s free.

Five ways to beat the AMT – One of the best ways I have seen is to move as many deductions from Schedule A to business schedules (C, E & F) – just another big tax benefit of being self employed instead of a W-2 wage slave.

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