Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 661 other followers

  • Blog Stats

    • 281,146 hits
  • Posts By Day

    October 2011
    M T W T F S S
    « Sep   Nov »
     12
    3456789
    10111213141516
    17181920212223
    24252627282930
    31  
  • Subscribe

  • Special Pages

Archive for October, 2011

Posted by taxguru on October 30, 2011

From Blog Pix

Posted in comix, Obambi | Comments Off on

Posted by taxguru on October 29, 2011

 

 

 

 

 

 

 

 

From Blog Comix

Posted in comix | Comments Off on

Posted by taxguru on October 26, 2011

 

 

 

From Blog Comix

 

 

Posted in comix | Comments Off on

Top Ten Details of Rick Perry’s Tax Plan

Posted by taxguru on October 26, 2011

From Dave Letterman’s Late Show:

10. 50% tax increase for all guys named “Mitt”

9. Hunting camps with offensive names are tax exempt

8. It’s covered in rib sauce

7. Lets people choose regular tax, flat tax or “El tax muy caliente!”

6. It’s called the 9-9-9-9-9-9-9-9-9 plan

5. The obese pay an additional 3% per chin

4. Free dance lessons (video of Rick Perry dancing with Orthodox Jews)

3. (Not sure. Honestly, when this guy speaks I have no idea what the hell he’s talking about)

2. All tax refunds now go directly to the Chinese

1. Punishment for filing late? Lethal injection

 

Posted in humor, TaxReform, video | 1 Comment »

25 Years Ago…

Posted by taxguru on October 25, 2011

I was taking a tax update webinar this morning and the instructor, Annette Nellen, had this picture of the signing ceremony from the monumental 1986 Tax reform Act, which made several major changes to the tax code.

From Blog Pix

 

Here are some interesting recent articles about that law:

By Annette Nellen:
25th Anniversary of the Tax Reform Act of 1986. Is the 25th anniversary a time to celebrate it or wonder what happened to it? 

By Martin Feldstein:
The Tax Reform Evidence From 1986 Experience implies that the combination of base broadening and rate reduction would raise revenue equal to about 4% of existing tax revenue.

 

Update:

I couldn’t resist the temptation to show what was really going through their minds at that signing ceremony.  Click on the image for a larger version.

From Blog Pix

TaxCoach Software: Finally! Plain-English Tax Planning That Builds Your Business!

 

Posted in TaxCuts, TaxRates, TaxReform | Comments Off on 25 Years Ago…

Gifting plans need to be examined…

Posted by taxguru on October 25, 2011

With the per person lifetime gift exclusion at $5 million for 2011 and 2012, dropping back to just $1 million in 2013, the planning for large gifts may have some unique estate and gift tax saving opportunities.  This video from the Journal of Accountancy does a good job of describing some of the twists this could entail.

 

 

Posted in Gifting, video | Comments Off on Gifting plans need to be examined…

Posted by taxguru on October 24, 2011

 

 

From Blog Comix

 

 

Posted in comix | Comments Off on

Common Sense in Verse

Posted by taxguru on October 24, 2011

From F.R. Duplantier’s latest Politickle.  I wish I had his skill at coming up with clever rhymes. 

NEIN NEIN NEIN
All that’s needed are several swift whacks
From a strict constitutional axe:
To destroy the machine
Built in 1913,
Reestablish the indirect tax.

From the archive:

PLEDGE
“I’ll oppose social revolution
And income redistribution,
I will take an ax
To the federal tax
And adhere to our Constitution.”
(2010)

YOURS, MINE & THE/IRS
Our bureaucracies do us disservice
When they try to coerce and unnerve us;
We must bring to an end
What no one can defend:
The Internal Revenue Service.
(2006)

TAXING OUR PATIENCE
The flat tax is best, some contend,
But the sales tax has much to commend.
Taxing income or sales
These are minor details
‘Til we limit what Congress can spend!
(1998)

 

 

Posted in humor, taxes | 1 Comment »

Posted by taxguru on October 20, 2011

 

Wave bye-bye to your tax dollars. Doesn’t this make you feel so patriotic?

 

 

 

 

 

 

 

From Blog Comix

Posted in comix | Comments Off on

2012 Inflation Adjustments

Posted by taxguru on October 20, 2011

IRS has released some of the inflation adjustment amounts for 2012.

IRS Announces Pension Plan Limitations for 2012

In 2012, Many Tax Benefits Increase Due to Inflation Adjustments

Rev Proc 201–52 with all of the details.

CCH’s calculations of the 2012 inflation adjustments are always a handy reference.

 

Posted in IRS | Comments Off on 2012 Inflation Adjustments