Posted by taxguru on May 3, 2004
Federal authorities investigating Smithsonian donation – Selling something to a charity for a below market price is tricky enough when claiming a charitable contribution deduction for the discount. It’s a guaranteed IRS audit when the items are supposedly worth $50 million and a deduction of $32 million is being claimed.
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Posted by taxguru on May 3, 2004
No Net Taxes? Why Not? – Someone who thinks taxing Internet service is no big deal. The problem with this kind of logic — defending a new tax as inconsequential because it’s only a few dollars a month per person — is the fact that everyone tries to get into that act. Unless a line is drawn in the sand, before you know it, there are hundreds of new such taxes, adding hundreds or thousands of dollars to everyone’s monthly tax burden.
Senate Keeps Web Access Tax-Free
There will never be a right time to tax the Internet.
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Posted by taxguru on May 3, 2004
Treasury, IRS Warn of Identity Theft Scheme Involving Bogus E-mail, Web site – Similar to the dozens of info phishing scams that arrive in our emails each day pretending to be from eBay, PayPal, Microsoft and CitiBank.
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Tax Guru - Ker$tetter Letter 