Tax Guru – Ker$tetter Letter

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Archive for February 11th, 2015

Posted by taxguru on February 11, 2015

Please don’t leave! Connecticut tax agency keeps close watch on state’s super-rich – They are correctly aware that many victims of financial rape will eventually move to lower tax areas, such as down here in tax free Florida.


Remember When Taxes Used to Cause Revolutions? – Ah, the good old days, when people didn’t just bend over and allow the various levels of government to have their way with them.  It’s been quite a while since the Howard Jarvis led property tax revolt of Proposition 13 in California in 1978.  We need more of that kind of spirit.


Johnson asks how 80,000 ‘lost’ Lerner emails were recovered by IRS watchdog – The IRS coverup continues.


Is the IRS’s budget problems motivating them to outright steal money from taxpayers?
Small business owners forced to battle IRS over seized bank accounts – This is actually part of the insane and completely unconstitutional “War On Drugs” that allows law enforcement agencies to literally steal money and assets from people on the basis of mere suspicion of drug involvement. It tosses out the normal “Innocent until proven guilty” aspect of our legal system.
However, in the cases cited in this article, it appears that people are bringing this problem onto themselves by trying to avoid the filing of IRS Form 8300 for large cash transactions by obviously breaking them up into amounts just below the $10,000 threshold.  It makes them appear to be hiding something nefarious and is like waving a red flag for IRS to come and hassle them.  If the money is legitimately theirs and they can show that it all came from legal sources, they shouldn’t be afraid to just deposit the full amounts and have the 8300 forms filed.



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