Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Archive for June, 2007

New TaxMan Recording

Posted by taxguru on June 21, 2007

As loyal readers know, I’m a fan of collecting as many different versions of George Harrison’s classic TaxMan song as I happen to come across.  Well, I accidentally found a new one, recorded on 5/5/07 at a benefit concert at OSU in Corvallis, Oregon. 

I just happened to be browsing the newest additions to the Live Music Archive and saw this concert called The Dark Side of Abbey Road.  It was a live performance combining the songs from two classic rock albums; the Beatles’ Abbey Road and Pink Floyd’s Dark Side of the Moon.

After downloading it and starting to play it here in my office, the third track, which is only entitled Encore, had the unmistakable sound of TaxMan; and sure enough, after a lot of teasing, the song was performed in full. 

 The full track is over six minutes long and has some superfluous announcements; so I trimmed it down to just the three minutes with the actual TaxMan song and uploaded my own version to my website.

The entire concert is excellent, so I encourage any Beatles and Pink Floyd fans to download all of it.  You can’t beat the price. It’s free. 

 

  

Business Plan Pro

 

 

Posted in Music | Comments Off on New TaxMan Recording

Posted by taxguru on June 21, 2007

IRS has been asked to consider mid-year increase to standard mileage rate – I’m surprised it’s taken this long for someone to request an updating of the per mile rate.  Whether IRS changes the rate or not, it’s a reminder of how important it is to keep track of actual operating costs for each vehicle for the year.  As with just about everything financial, this is very easily done with QuickBooks.

 

Posted in Deductions, IRS | Comments Off on

Posted by taxguru on June 20, 2007

No Change in the IRS Interest Rates for the Third Quarter of 2007 – Still at 8.0%. I’ve updated this on my Quick Reference page

 

Posted in IRS | Comments Off on

Posted by taxguru on June 17, 2007

Posted in comix, IRS | Comments Off on

Posted by taxguru on June 16, 2007

2008 drop in capital gains rate won’t be for everyone – But this special tax break should be part of most tax plans being undertaken for the next several months.

Handy little rate schedule:

Posted in Uncategorized | Comments Off on

Posted by taxguru on June 16, 2007

Posted in comix, taxes | Comments Off on

Posted by taxguru on June 15, 2007

Republicans Introduce Bill to Extend Tax Cuts – Now the question is if they can survive the onslaught of anti tax cut rhetoric, such as from the DemonRat presidential wannabes.

 

Posted in taxes | Comments Off on

Why so many people have lousy records…

Posted by taxguru on June 15, 2007

As I’m sure all professional accountants can empathize with, one of the most frustrating things when working with clients’ books, even those who use QuickBooks, is their over-use of Miscellaneous categories to describe their transactions, in spite of my specific repeated warnings against doing that.


Posted in comix, QB | Comments Off on Why so many people have lousy records…

Posted by taxguru on June 15, 2007

Posted in comix, Estates | Comments Off on

Posted by taxguru on June 15, 2007

Countdown to a Whopper Tax Increase – The clock is ticking on the soon to expire tax cuts.  Do our GOP leaders have the guts to extend them?

 

Posted in taxes | Comments Off on