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Archive for January, 2009
New addition to the 1040?
Posted by taxguru on January 13, 2009
Posted in comix, Forms | Comments Off on New addition to the 1040?
News Bits
Posted by taxguru on January 13, 2009
California’s Gold Rush Has Been Reversed – High taxes have consequences and are huge motivators for people to leave rather than just accept more fiscal rape.
Many states’ lottery sales are rising in recession – Makes about as much economic sense as the government’s bail-out schemes.
We probably won’t have the tax free deaths in 2010 that are currently scheduled.
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Posted by taxguru on January 11, 2009
Fake IRS Emails – Snopes.com has an updated piece about the scam emails that are still going around pretending to be from IRS. It would really be great to see some news from IRS that they have been able to prosecute the scumbags behind these.
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Posted by taxguru on January 10, 2009
Record keeping requirements – Good summary of rules from the California FTB that apply for IRS purposes as well. Calif. taxpayers need to be sure to catch the fact that the statute of limitations (SOL) for FTB to come after you is four years after filing a tax return, one year longer than IRS has. FTB is sneaky in exploiting that extra year. I have seen plenty of cases where people had tossed their records after the IRS’s three years SOL had expired, only to be unable to defend themselves against FTB assessments. With the current budgetary disasters in Sacramento, we can expect FTB to pull out all of the stops in regard to squeezing every last dime out of people, whether they really owe the money or not.
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Doesn’t paying taxes make you feel so patriotic?
Posted by taxguru on January 9, 2009


Posted in comix, TaxBurden | Comments Off on Doesn’t paying taxes make you feel so patriotic?
News Tidbits:
Posted by taxguru on January 8, 2009
Legality of proposed California tax plan in question – The rulers in Sacramento are trying to use sneaky tricks to get around the state’s two-thirds requirement for new taxes. Calling new charges “Fees” instead of “Taxes” is supposed to allow them immunity from the law.
Detroit lawyer gets 5-cent IRS bill, 4-cent refund – Classic case of the left hand not knowing what the right hand is up to.
A nicer IRS?
IRS Speeds Lien Relief for Homeowners Trying to Refinance, Sell – from IRS.
IRS Offering Leniency Plan For Taxpayers – from WSJ
Many Taxpayers Stand to Gain From New Laws – WSJ’s Tom Herman reviews some of the 2009 tax changes that are already on the books. As we all know, many more changes are in the offing based on what our new rulers in DC feel like doing in the next few months.
Confusing Tax Rules Under Fire – Has there ever been a more obvious headline? Again, as always when our rulers try to simplify the tax laws, there will be much more work for us sorting out their even more complicated mess. My infamous poster still fits the bill here.
Madoff Is a Piker – John Stossel with another comparison of Madoff’s Ponzi scheme and the much larger Ponzi scheme called Social Security.
Tyranny of the Tax-Exempt – Dick Morris notices that the proposed Obama “tax cuts” are really more welfare payments.
Are Tax Revolts a Thing of the Past? – With higher taxes being touted as the patriotic thing to accept, those of us who complain are going to be demonized even more.
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