Posted by taxguru on September 29, 2006
Some interesting article in the most recent issue of Accounting Today.
Choosing the right structure for a surviving spouse’s IRA
2006 legislation enhances many attributes of IRAs
Despite critics, IRS moves on with private collections – This article includes a link to a sample letter you can use if you are among the “lucky” 12,500 taxpayers chosen to work with the new free-lancers, but prefer to stick with the good old IRS (“the devil you know, etc”).
Wrangle over tax gap fix continues – Includes a few good quotes about how it is impossible to accurately measure the true tax gap, a controversial point I have been trying to make for decades.
Study: Grants better than tuition tax breaks – File this earth-shattering news under “Duh.” Tax free 100% reimbursements are always better than any kind of tax credits or deductions.
Report: IRS snafu cost over $300M – Nothing new here either. The computer expertise of the geniuses at IRS continues to confound, amaze and cost us taxpayers hundreds of millions of dollars in waste. The big difference between how this kind of screw-up is handled with government employees is that those responsible will be promoted; while a private industry company would fire such incompetents.
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Tax Guru - Ker$tetter Letter 