Tax Guru – Ker$tetter Letter

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Archive for March 13th, 2009

Mandatory repeat business…

Posted by taxguru on March 13, 2009

This reminds me of a conversation several years ago with a client who was an attorney. He told me how much he envied my profession because the clients are forced by law to use our services every year, while his clients only need his services on rare occasions.

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Posted by taxguru on March 13, 2009

A Strategy For Capital Gains – Bruce Bartlett looks at a topic I have been following for decades, indexing the cost basis of capital assets for inflation.  Expecting that to be done in light of 0bambi’s very vocal hatred of investors and any perceived special tax breaks for them, as well as the fact that neither Bush 41 nor Bush 43 had the balls to issue the executive order to allow this kind of indexing, mean that this is going to be an unfulfilled wish for at least several more years.


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IRS Drops Interest Rates

Posted by taxguru on March 13, 2009

Per their news release, the following rates will be in effect for the quarter starting April 1, 2009.

four (4) percent for overpayments [three (3) percent in the case of a corporation];

four (4) percent for underpayments;

six (6) percent for large corporate underpayments; and

one and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000.


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