Tax Guru – Ker$tetter Letter

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Archive for April, 2011

Final week of Tax Season…

Posted by taxguru on April 10, 2011

 

From Blog Comix

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When will we be emancipated?

Posted by taxguru on April 10, 2011

Does anyone else find it ironic that this year’s official Tax Day, when we celebrate our slavery to Big Brother IRS, has been delayed due to the celebration of Emancipation Day in Washington, DC?

 

From Blog Comix

 

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Posted by taxguru on April 9, 2011

From Blog Comix

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Shutting down the IRS…

Posted by taxguru on April 8, 2011

NSA (National Society of Accountants) released this announcement of what will happen with our “favorite” big brother governmental agency if the federal government’s budget isn’t agreed on by the buffoons in DC.

The IRS today reminded taxpayers that tax returns will still be due on April 18 even in the event of a government shutdown. This includes any return otherwise due on that date including all tax returns or estimated tax payments. IRS emphasized that e-filed returns will continue to be processed and refunds will be issued if due on an e-filed returns. The processing of paper returns will be delayed as will any taxpayer refunds due on paper returns. However, any checks or payments submitted with a paper return will continue to be processed.

IRS also announced the agency’s contingency plans in the event of a government shutdown. Generally speaking, automatic IRS functions will continue to be available. This includes the website for obtaining a PTIN or EFIN. One major exception to this general rule is that the taxpayer hotline will continue to be available, but only for taxpayer questions involving an individual income tax return.

By contrast, functions involving contact with IRS will generally be unavailable. The IRS said that any previously scheduled appointment with IRS personnel will be cancelled, including appointments with collections, appeals or the taxpayer advocate’s office. The practioner priority hotline will be unavailable and will any walk-in taxpayer assistance center. No new liens will be filed or issued, however any lien notices already on the way to the post office will continue to be delivered.

The IRS said it would post any updated information on its website at http://www.irs.gov Meanwhile, anyone having a specific question may gain further insight by reviewing the overall IRS contingency plan at http://www.treasury.gov/connect/blog/Documents/IRS-Funding_Lapse_Contingency_Plan2011.PDF

I’ll leave it to each person to decide for themselves if this is good news or bad.

 

From Blog Comix

 

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It’s not a revenue problem…

Posted by taxguru on April 8, 2011

Excellent short video on the deficit from ReasonTV.

 

 

 

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Still another description of Tax Season…

Posted by taxguru on April 6, 2011

 

 

From Blog Comix

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New insane 1099 rules on the way out?

Posted by taxguru on April 5, 2011

It’s a welcome shock to finally see a campaign promise by the good guys that is actually kept.

ABC APPLAUDS REPEAL OF FORM 1099 REPORTING REQUIREMENTS

1099 reporting repeal close to reality

CCH Tax Briefing on this repeal (2 page pdf)

 

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Posted by taxguru on April 5, 2011

IRS Targets Wealthy With More Audits –  Another Tax Season story to keep taxpayers on their toes and properly scared of Big Brother.

 

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Posted by taxguru on April 4, 2011

From Blog Comix

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It takes one to know one…

Posted by taxguru on April 3, 2011

Bernie Madoff’s scam was small potatoes compared to the Social Security Ponzi Scheme we are all forced to participate in.  Madoff had a big disadvantage.  He didn’t have the full awesome power of the IRS and Federal government to put a gun to everyone’s head and make them give him their money. 

From the 3/10/11 episode of InfoMania

 

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