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Archive for January 13th, 2012
IRS needs more money…
Posted by taxguru on January 13, 2012
Which explains why they are increasingly pushing the legality envelope during audits.
From Jay Leno:
According to USA Today, the Internal Revenue Service’s budget is too small for them to reform all the things they need to do. Good! That’s fantastic!
This is consistent with their latest fictitious Tax Gap report in an attempt to scare up more money from Congress.
As I’ve explained several times before, the “Tax Gap” is by definition an unmeasurable figure and the IRS pulls their numbers out of the air as a means of justifying more money and power for themselves.
Posted in IRS | Comments Off on IRS needs more money…
Free tax prep at WalMart?
Posted by taxguru on January 13, 2012
Living here in the heart of official WalMart country for the past 19 years, we are big customers and supporters of theirs. However, I’m still not ready to trust them and their assembly line tax prep associates (H&R Block, Jackson Hewitt) with any complicated tax matters.
According to this WalMart press release, they will be providing free 1040EZ tax prep services this tax season. In actuality, these taxpayers are the same ones who could also qualify for free tax filing under the programs run by IRS and several State tax agencies.
As with any of the big assembly line firms, I don’t think any of us tax pros who work with regular 1040s have anything to worry about in terms of competition from WalMart. Any client who would try to get us to drop our fees to match WalMart’s should be told where to find the nearest WalMart store.
Jimmy Fallon had a comment about this the other night:
Wal-Mart is now offering free tax advice at more than 3,000 of its stores. Finally answering the question, “Where can I get tax advice, kitty litter, and a shotgun all in one convenient location?”
Posted in preparers, Rangel, Rentals | Comments Off on Free tax prep at WalMart?
Tax Guru - Ker$tetter Letter 