Posted by taxguru on November 30, 2012
The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2013. The rates will be:
Posted in IRS | Comments Off on IRS Interest Rates Same For Another 3 Months
Posted by taxguru on November 29, 2012
GOP Lawmakers May Break Anti-Tax Pledge – from The Onion, which has become virtually indistinguishable from the normal news media.
Companies Shelling Out Billions to Beat the ‘Fiscal Cliff’ – In anticipation of higher taxes on dividends.
Fiscal Cliff: Where Are Your Spending Cuts, Mr. President? – As the naive Bush 41 learned, DemonRats always lie about making future spending cuts in exchange for up-front tax hikes. Spending is never cut in DC. Are the current GOP rulers any less gullible than Bush was?
Two-thirds of millionaires left Britain to avoid 50p tax rate – And the morons in DC think this won’t happen here if they jack up the tax rates on the evil rich.
Conservative think tank scholar: Raise taxes on the middle class – There is some merit in the concept of spreading the tax burden across more than just the top five percent. If more people paid taxes, they would probably be more concerned with the out of control spending by the drunken sailors in DC.
‘Fiscal Cliff’ Could Put Millions of Taxpayers Into ‘AMT Shock’ – The insane AMT will be nailing millions more people.
Dims Plan to raid 401k Accounts – As I have long warned, our rulers in DC have no qualms about breaking promises and changing the rules for retirement plans. I would think that investments in non-liquid assets, such as real estate, will be more difficult for the DC thieves to go after than cash accounts.
The 401(k) Is a $240 Billion Waste
Amid Tax Talks, a Cry of ‘Save My 401(k)!’
Fiscal Cliff: Why Congress Might Have to Mess with the 401(k)
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Posted by taxguru on November 26, 2012
Gun Store Owner Who Banned Obama Supporters Says ‘Business Is Booming‘ –
If top 5% paid 40% of taxes, what is their ‘fair’ share? – It’s never enough to satisfy the class warriors.
Warren Buffett calls for a minimum tax on the wealthy
The Millionaires Who Pay the Highest Tax Rate – Debunking the Buffett lie about how all of the rich are paying a lower rate of tax than their secretaries.
Why Republicans must fight Obama to the death on taxes – I wouldn’t hold my breath expecting them to do this.
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Posted by taxguru on November 24, 2012
Financial Steps to Take Now to Prep for Looming Tax Increases – As with most tax increases, the key to avoiding the new surtaxes is to keep your AGI down. One excellent way to do this is to shift income to a C corp.
Tax increases could factor in MLB negotiations – Trying to front-load income into the years before the tax increases kick in.
South Carolina tax chief resigns after report reveals 4 million taxpayers hacked – This only happened to e-filers’ accounts.
And the GOP wimp-out continues
Top Republican Senator ditches Norquist anti-tax pledge
Graham: I would violate Norquist’s pledge – No surprise from this RINO.
Levin rips Kristol over tax hikes: ‘Stop talking like the lib you used to be’
Sandy-Ravaged New Jersey Families Face $6,933 Tax Hike in Fiscal Cliff Stalemate –
How Would the Fiscal Cliff Affect Typical Families in Each State? – We’re the ninth highest increase here in Arkansas.
Posted in TaxHikes | Comments Off on We all need to plan for the upcoming tax increases…
Posted by taxguru on November 22, 2012
Funny bit from Parks & Recreation after one of the characters quits his new job at an accounting firm.
Posted in Accounting, video | Comments Off on Why be an accountant?
Posted by taxguru on November 21, 2012
IRS has announced that, beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
Posted in Deductions, IRS, Vehicles | Comments Off on 2013 IRS Mileage Rates
Posted by taxguru on November 19, 2012
Last week, I was downloading comedy routines to put onto an Ipod to cheer up my dad when he was in the hospital. One of them I found was this bit that was recorded on 5/26/1961 from the Mel Brooks & Carl Reiner album, “2000 & One Years.”
Just as with the George Harrison “TaxMan” song, this routine still makes complete sense today, more than 51 years after it was recorded.
Posted in Audio, humor | Comments Off on Mel Brooks as The Tax Expert
Posted by taxguru on November 18, 2012
It’s freaky how quickly and dramatically things can change course. Less than a week ago, Sherry and I were planning ways to celebrate my dad’s 85th birthday on Saturday, November 17, including having some beer and shooting some pool, his favorite sport.
Unfortunately, everything changed, when I received a call this past Sunday morning from his wife, Margie, alerting me to the fact that he was in the hospital in Rogers, suffering from serious heart, lung and kidney problems, which may have been side effects from recent surgery on his left knee. When we visited with him on Sunday and Tuesday, he was in good spirits and he was looking forward to getting out and having a birthday party.
Wednesday morning’s call to his nurse was promising and Sherry went out shopping for gifts and items for his party. However, a few hours later, Margie and his doctor called me and told me to get to Rogers ASAP because his heart was failing and he wasn’t expected to make it through the night. He was alert and lucid when we arrived and he seemed to understand and accept what was happening.
With family and friends around him, he took his last breath at exactly 7:30 pm on Wednesday, November 14, 2012. It was my very first time being with anyone who was dying, but everyone acknowledged it was a very peaceful passing. He had a very diverse and interesting life and is sorely missed by everyone who had a chance to meet him.
The official obituary that was faxed to us from the funeral home. Their posted version.
Memorial services were at 11:00 AM on Saturday, November 17 at Stockdale Funeral in Rogers, with viewing and visitation from 10 – 11 AM.
Photos taken by Sherry before and during the service can be seen in this Picasa album.
Videos taken by Sherry during the service:
John Howard (Hershey Jack) Kerstetter
Born: November 17, 1927 in Shamokin, Pennsylvania
Died: November 14, 2012 in Rogers, Arkansas
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| From HersheyJack |
Posted in Death | Comments Off on R.I.P. Dad
Posted by taxguru on November 16, 2012
Ranchers, farmers brace for ‘death tax’ impact – The IRS grave robbers can’t wait until they can plunder more and more privately held wealth.
Half Your Paycheck To The Government In 2013 – And even more in high tax states. It’s the “fair” thing to do, according to our rulers, who know what’s best for us mere mortals.
Fiscal Cliff Could Force Hard Decisions – If the Mayan calendar scenario doesn’t pan out, we will have a different type of Armageddon to deal with.
Some Republican governors soften on taxes – This is why the GOP is known as having linguini spined leaders.
Man used bogus $100 bills with Lincoln’s image instead of Franklin’s – More examples of the public education system. Who was more of a moron; the idiot who made the phony hundreds or the store clerks who accepted them?
Florida restaurateur to impose surcharge for ObamaCare – Excellent idea. Too many taxes are hidden from the view of the public. Of course, the people who were stupid enough to vote for 0Bamao won’t be able to understand this issue.
Eco-Taxes? Study Financed by U.S. Treasury Will Link Tax Code to Carbon Emissions
Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says – Part of his Marxist agenda to destroy the US economy.
Minority Leader McConnell: Obama’s Tax Proposal ‘A Joke’ – But nobody’s laughing at this because for Marxists like 0Bamao, there is no such thing as too high a tax rate.
The Alternative Minimum Tax Is The Most Heinous Aspect Of The Fiscal Cliff
Fiscal-Cliff Fallout: How the AMT Would Hit Taxpayers. Without Congressional action, tens of millions would see dramatic tax increase – This already insane tax will most likely get worse.
Posted in TaxHikes | Comments Off on
Posted by taxguru on November 15, 2012
From the latest episode of NewsBusted, how the country sees the voters in the PRC.
Posted in Calif, NewsBusted, video | Comments Off on Calif Voters…
Tax Guru - Ker$tetter Letter 