Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for March, 2004

Some things never change

Posted by taxguru on March 31, 2004

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Posted by taxguru on March 31, 2004

IRS Increasing Audits Of Largest U.S. Pension Plans – What I find so amusing about this story (thanks to Janell Grenier) is how those in charge of the biggest pension plan in the country (Social Security) are allowed to do so many things that are completely illegal in the private sector, such as commingling retirement funds and not having actual money or assets in the accounts (unfunded accounts). It’s more of the typical “do as we say, not as we do” hypocrisy from our rulers in DC.

The first rule of holes – Excellent points on how our rulers’ out of control spending is digging an ever increasing hole for all of us.

IRS Warns of “Corporation Sole” Tax Scam

Stiff Court Penalties for Frivolous Appeals to Delay IRS Collections

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Posted by taxguru on March 31, 2004

Any time there is serious discussion of reforming our tax system, so many options are put forward that no single one can achieve an adequate level of popular support. The result is always to just stick with what we have – “the devil we know…”

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Posted by taxguru on March 31, 2004

Schwarzenegger says raising taxes may be unavoidable – As if nobody could see this coming when a RINO was elected as governor of the PRC.

House Defeats Democratic Tax Cut Curbs – The DemonRats will never give up in their efforts to make it harder to reduce taxes than to raise them.

Casino Pulls Ad Aimed at Those in Debt – While I agree that it’s disgusting to promote gambling as the quick and easy way out of debt, there is a double standard here. The Missouri Lottery has been running tons of TV commercials for getting into Lucky Town by playing their game, as I’m sure is done by other State lotteries.

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Posted by taxguru on March 30, 2004

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It’s best to stay away from certain clients.

Posted by taxguru on March 30, 2004

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Posted by taxguru on March 30, 2004

Cheney pegs John Kerry taxes at $1.7 trillion – It’s quite timely to connect John Kerry to higher taxes this time of year, but I still worry that the very easy (like shooting fish in a barrel) attacks could cause his candidacy to implode before the DemonRats officially make him their candidate for November, in which case Queen Hillary steps in to save the country.

My platform – If I were to ever run for President, my agenda wouldn’t be much different than what Thomas Sowell proposes here.

Good news on the State tax front – Thanks to Andrew Roth:


Colorado, other states consider tax-and-spend limits

South Carolina Business Leaders Endorse Governor’s Tax Cut Plan

How State and Local Taxes and Services Affect Economic Development

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Posted by taxguru on March 30, 2004

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Second Opinion

Posted by taxguru on March 29, 2004

One of the more frustrating aspects of the tax game are the IRS auditors who think it’s their job to micro-manage and second guess the businesses of their victims, without having a clue as to how the business should be run in the real world that we live in, as contrasted with the “Alice In Wonderland” realm many of them inhabit.

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Posted by taxguru on March 29, 2004

Cheney blasts John Kerry as tax fan – How dare Cheney refer to how John Kerry actually voted in the Senate. Doesn’t he know that DemonRats are never to be judged on what they actually do, but only on what they say they want to do? The media will remind him of that, I’m sure.

Deducting Sales Taxes – It is true that there is an inequity in regard to the fact that people who live in states with no income tax, but high sales taxes, have lower Federal Schedule A deductions since our rulers killed off the sales tax deduction in 1986. Finding the perfect balance between types of taxes and deductions is a never ending quest.

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