Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for February 18th, 2010

More IOUs for TaxPayers

Posted by taxguru on February 18, 2010

Cash-Strapped States Delay Tax Refunds; NY Says It’s an Option – As always, crazy ideas hatched in the PRC have a way of spreading across the country.

Just try sending an IOU payable to your State in with your State tax return and count the days before your bank account is levied.

Posted in StateTaxes | Comments Off on More IOUs for TaxPayers

Posted by taxguru on February 18, 2010

Class Warfare’s Next Target: 401(k) Savings – Raiding private retirement accounts, either with an upfront tax or as a conversion to government control, has been under consideration by our rulers in DC for a while now; at least since the Clinton years. That huge pool of wealth is simply too tempting for our money and power hungry rulers to resist.

This is also another example of how our rulers have no shame about changing the rules after the fact in regard to retirement plans, as I have explained on countless occasions when warning about Roth IRAs. How can anyone seriously feel safe about Roths remaining tax free for much longer, when our out of control rulers are openly contemplating a full scale confiscation of private retirement funds?

Posted in Commies, Retire | Comments Off on

Insane Tax Protest

Posted by taxguru on February 18, 2010

The nut job who “got even” this morning with the IRS in Austin for the results of an audit had published a ranting semi-explanation of why he took this drastic step; but it was taken down by his web hosting company. The Smoking Gun was able to snag a copy of it prior to its removal, and has it posted here.

From this passage on the fifth page, it sounds like his CPA, Bill Ross, should be very careful and on the lookout for booby traps, such as car bombs and suspicious packages in the mail. Any current tax clients of his should also be careful not to get caught in the crossfire from this dispute.

Posted in Morons | Comments Off on Insane Tax Protest