Archive for September, 2010
Flying Monkeys
Posted by taxguru on September 13, 2010
I got a kick out of this campaign video from Nancy Pelosi’s opponent, John Dennis, where she summons her flying monkey IRS agents to do her evil bidding. Too close to reality to ignore.
Will the tax cuts expire or won’t they?
Posted by taxguru on September 6, 2010
Boehner Calls for 2-Year Freeze on All Tax Rates
Obama Is Against a Compromise on Bush Tax Cuts
Former Obama budget director bucks White House on tax cuts
More Dems buck plan to let taxes increase for rich – Talk about making the tax planning forecasting horizon even murkier! Of course, anyone who actually believes anything said by a DemonRat is technically insane because, as everyone knows, their party MO is to blatantly lie about everything. The best chance for any of this to come true in regard to extending the Bush tax cuts is to kick as many DemonRats out of office as possible on November 2.
Pence says Republican majority would move first to extend Bush tax cuts
Cantor: Beware of the Obama tax increases
120 Days to Go Until the Largest Tax Hikes in History
Posted in TaxHikes | Comments Off on Will the tax cuts expire or won’t they?
Posted by taxguru on September 6, 2010
San Francisco’s Proposed Booze Tax Has Businesses Up in Arms – Typical Left Coast thinking, where the answer to every question is more taxes. Supposedly it’s no big deal at a few cents per item. However, with dozens and dozens of such “minor” taxes, it adds up to real money.
Your payroll taxes go into bottomless hole – That’s how Ponzi schemes function.
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A popular prescription…
Posted by taxguru on September 5, 2010
Posted in comix, TaxHikes | Comments Off on A popular prescription…
An appropriate analogy…
Posted by taxguru on September 5, 2010
Posted in comix, TaxHikes | Comments Off on An appropriate analogy…
22 Billion Schedule Cs?
Posted by taxguru on September 5, 2010
I wonder how many other tax pros noticed this. I was scanning over the hundreds of emails in my inbox, including dozens for tax webinars, and noticed this unusual sounding claim in one such ad.
Considering that there are approximately 300 million people living in the USA, and that the actual number of 1040s filed each year is in the 100 million range, how could there be 22 Billion Schedule Cs filed each year? It is true that some tax returns have multiple Schedule Cs. However, for that 22 Billion figure to be correct, every 1040 would have to have 220 Schedule Cs attached. As much as I enjoy making fun of IRS mistakes, I have to assume this one came from the company promoting the webinar, Lorman Education Services.
Luckily, they seem to have detected their typo and have corrected this on their website and show the much more realistic figure of 22 Million. As ridiculous as it was, at least they didn’t show it as 22 Trillion, a word that is becoming too common in the lexicon of DC nowadays.
Not a big deal, but a small source of amusement over this long agonizing weekend.
Posted in CPE, IRS | Comments Off on 22 Billion Schedule Cs?
Tax Guru - Ker$tetter Letter 