
Archive for April, 2004
Posted by taxguru on April 4, 2004
Getting Your Child Tax Credit Right – It’s really important to have good records and let your tax preparer know if you received the advance tax credit payments last year or not.
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Posted by taxguru on April 3, 2004
New Software Seeking State Tax Scofflaws – While at first blush, this may strike many as more Big Brother, it seems to me to be a good thing that State tax agencies are using the high tech tools that are available to carry out their duties as efficiently as possible.
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From MSN Money
Posted by taxguru on April 3, 2004
Make a mistake? You can make amends – While not all items can be changed on an amended return, most can.
How refinancing costs you at tax time – It’s never a good idea to pay out more just to get higher tax deductions. The biggest mistake I see regarding refinances, especially with most tax pros, is that they spread out (amortize) the deduction over the nominal life (15 to 30 years) rather than the more realistic expected lifespan of the loan (3 to 5 years), which I have been doing for decades. Both methods are technically correct, but mine results in larger deductions sooner than the more common wimpier method.
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Posted by taxguru on April 2, 2004
John Kerry has proposed $2.76 trillion in new spending
Defiant Republicans Could Break Va. Impasse – More RINOs on the loose raising taxes.
Strangest taxes – Rather than listing every kind of tax there is, it would be much less time consuming to come up with just those things that are not taxed, and then wait for John Kerry and his Fellow Traveler DemonRats to go after them.
IRS Puts Shelter Sold by KPMG On ‘Abusive’ List – This is an interesting tax avoidance technique – donating S corp stock to charities and shifting income to them. There should be a way to do this legally, but it sounds like KPMG was helping clients use it in very abusive ways.
April Fool pension joke falls flat – Actually, using lottery tickets as pension benefits may be better than some actual plans, such as Social Security.
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Posted by taxguru on April 1, 2004
John F. Kerry’s intentions for destroying America in so many ways are clear and explicit.

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Posted by taxguru on April 1, 2004
The rules of the Tax Game are always changing.

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Posted by taxguru on April 1, 2004
The Power to Destroy – The nickname some give to taxation.
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