Archive for August, 2010
Are there financial advisors in heaven?
Posted by taxguru on August 17, 2010
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Aggressive estate planning…
Posted by taxguru on August 13, 2010
Posted in comix, Estates | Comments Off on Aggressive estate planning…
Social Security Collapsing
Posted by taxguru on August 13, 2010
For well over three decades, I have been warning that the Social Security system is a scam that would be illegal if set up or administered by anyone other than our imperial rulers in DC.
As I have long been predicting, the only ways in which it can be saved will be to deny benefits to those considered evil rich (aka means testing), requiring SS taxes be paid on more kinds of income (investment, rental etc.), and delaying benefit payouts until a higher age, so that more people will die off before cashing in. These kinds of changes are currently under discussion in DC.
Social Security: Government ‘Ponzi’ Scheme Turns 75 with $41 Billion Shortfall
Recipients screwed by new Social Security formula
From NewsBusted:
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More of the never-ending debate over how much to punish those our rulers consider to be "evil rich"…
Posted by taxguru on August 12, 2010
Fairness and the Capital Tax Fetish
Raise My Taxes, Mr. President!
Schultz Insists Higher Tax Rate is Not ‘Tax Increase’
Posted in Commies, TaxHikes | Comments Off on More of the never-ending debate over how much to punish those our rulers consider to be "evil rich"…
Accounting has more options for creativity than most people know…
Posted by taxguru on August 11, 2010
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Prepare to be eaten alive
Posted by taxguru on August 7, 2010
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PTIN’s will need to be renewed
Posted by taxguru on August 5, 2010
According to this item from CCH, we will need to renew our special IRS assigned Preparer Tax Identification Numbers every year and pay a fee of at least $50. Supposedly, IRS will start this process in September 2010.
This is an expansion of the preparer registration process that IRS announced in this January 2010 news release.
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