New York City Targets Alec Baldwin for Possible Tax Evasion – This is the exact same thing Rush Limbaugh has had to deal with since he moved to Florida, where he has to prove to the New York tax auditors exactly how many days he was in that state each year in order to allocate the proper proportion of his annual income for New York State and New York City to confiscate their shares. As is standard for tax matters, the New York tax authorities start from the assumption that the wealthy celebrities were inside their boundaries every single day of the year and force them to prove otherwise. 

Confusion over tax code changes leads taxpayers to seek help with returns – Why we will never run out of work and why the freebie come-ons from the assembly line prep chains are no real threat to real tax advisors.

A good short video from GlennBeck.com on some of the most common lies the libs constantly tell about the tax system in this country.

I just updated my copy of the 2011 CFS Tax Corresponder program and noticed that they added two letters for clients regarding opting out of the new mandatory e-filing requirement.

From Tax Info

The first is a notification letter to send to clients, explaining the new rule and advising them to sign the second letter, which states that they are refusing to e-file and choosing to file paper returns.

Good look by Cato at the status of the government mandated Ponzi Scheme.

The Case for Social Security Personal Accounts

Any private market financial advisors who pushed their clients into this kind of retirement plan would be in the slammer along with Bernie Madoff.  Why aren’t the elected rulers in DC who continue to foist this insane and immoral scheme on all of us punished in a similar manner, or at least kicked out of office? 

From Blog Comix

From the most recent issue of National Review:

From Blog Comix

Tax Preparers Hesitate on IRS E-file Mandate –  More discussion of this issue.

This is an interesting discussion by attorney Bob Klueger of some important recently enacted changes in the estate tax laws; including the use of A/B trusts.