Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for October, 2013

Business-Friendly vs Hostile States

Posted by taxguru on October 10, 2013

Interesting report from the Tax Foundation as to the relative business tax climate of the various States in this country. 

Ranked from 1 as the most business friendly to 50 as the worst place to conduct business, the winners and losers are:

Top 10

  1. Wyoming
  2. South Dakota
  3. Nevada
  4. Alaska
  5. Florida
  6. Washington
  7. Montana
  8. New Hampshire
  9. Utah
  10. Indiana

 

Bottom 10

  1. Maryland
  2. Connecticut
  3. Wisconsin
  4. North Carolina
  5. Vermont
  6. Rhode Island
  7. Minnesota
  8. California
  9. New Jersey
  10. New York

 

Their summary of the report:  2014 State Business Tax Climate Index

The full report : 56 page pdf

Washington Posts’s article about this report: Western U.S. best for business, Tax Foundation says

 

 

TaxCoach Software: Are you giving your clients what they really want?

 

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Posted by taxguru on October 8, 2013

From Fred Thompson:

Although public tours of the White House have been cancelled, the White House logged 344 visits by lobbyists in 3 months. Couldn’t they each just grab a busload of kids on their way in?

 

In a recent speech, President Obama said he’d be “happy to negotiate” with Republicans on the federal budget. He seems too confident. Putin must’ve agreed to back him up.

 

On CNN, Nancy Pelosi said there was nothing left to cut in the federal budget, “the cupboard is bare”. Really? Because last time I looked it was full of pork.

 

Federal officials warn that the implementation of Obamacare could spawn a cadre of scam artists. I guess they mean in addition to the officials implementing it.

 

To avoid being fired, Lois Lerner – the IRS official at the center of the agency’s Tea Party scandal – retired on a $50,000 a year pension. Sounds fair. As long as she gets audited every year.

 

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NewsBusted Debunks the MSM

Posted by taxguru on October 8, 2013

They have some good counters to the MSM’s left-wing propaganda in this week’s episode.

 

 

 

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October 15 Deadline still in place

Posted by taxguru on October 8, 2013

Since most of our clients file extensions for their 1040s, the weeks before the six month automatic extensions expire on October 15 are always much busier for us than the weeks before April 15 because most of these returns are extremely complicated. 

With many of IRS’s employees on furlough (aka paid vacation), they announced that the October 15 deadline for 2012 1040s will still be next Tuesday.

 Reminder: Oct. 15 Tax Deadline Remains During Appropriations Lapse

 

Interestingly, the IRS website is still functioning, contrary to those of many other government agencies, which have been shut down as part of the BHO Regime’s attempt to inconvenience as many people as possible, while still preserving funds for their royal lifestyle.

 Why are US gov’t websites offline?

 

 

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Something you wouldn’t see with a real retirement account…

Posted by taxguru on October 8, 2013

Social Security Warns Benefits Could Get Cut

The fact that people accept this as a fact of life is very sad.  A real world retirement account, where the custodian commingles the funds would find that custodian in prison for embezzlement.  In DC, they take our Social Security taxes and do nothing to protect it from theft and abuse, and in fact consider it wise financial management.

 

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A Century of Pain…

Posted by taxguru on October 4, 2013

Happy birthday income tax, you’re 100 years old – Good summary of how our income tax code has grown over the past century, from 400 pages in 1913 to almost 74,000 pages in 2012.

Given that ObamaCare began with around 2,500 pages, there’s no doubt that it can easily grow into millions of pages.

 

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How IRS is dealing with shut-down

Posted by taxguru on October 3, 2013

They posted a good summary of what services are still functioning and which aren’t on their news page.

For taxpayers and practitioners:

IRS Operations During The Lapse In Appropriations

 

For IRS employees:

IRS Employee Emergency News

 

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IRS still harassing critics of the BHO Regime

Posted by taxguru on October 3, 2013

Actually, the regime wants this info out, in order to stifle anyone else who wants to publicly criticize what is happening in DC.

IRS targeted Dr. Ben Carson after Prayer Breakfast speech

 

Dr. Ben Carson says IRS targeted him for his anti-Obama comments

 

Americans deserve answers on IRS scandal – NY Post editorial.

 

 

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IRS Updates

Posted by taxguru on October 2, 2013

Courtesy of Drudge today.

Three years later, TheTeaParty.net finally gets IRS tax-exempt OK – But the main goal, of preventing them from influencing the 2012 elections, was achieved.

 

91% Of The IRS Has Been Furloughed – Aka paid vacations.

 

IRS collecting money but not sending refunds during shutdown – The double standards continue.

 

 

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