Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Archive for the ‘Uncategorized’ Category

How CPAs Celebrate

Posted by taxguru on May 27, 2004

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Posted by taxguru on May 27, 2004

2006 Cuts In Domestic Spending On Table – We can only hope.

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Sympathy for Suckers?

Posted by taxguru on May 26, 2004

I received the following email a few days ago:

Subject: Tax scams, 3000 African-American Clients

In the Charlotte, North Carolina area many African-American individuals trusted a lady by the name of Anewa Tiari-El. She was paid thousands of dollars to file the so-called 1040X that enabled tax payers to receive large refunds based upon the Individual Master Files.

The IRS did send out these refunds to many taxpayers. However, Ms. Tiari-El had the clients sign a power of attorney which enabled her to have the checks transferred to her business account. Thus, she did not give many of the clients the monies.

When the matter hit the news it was publicized as if she was fraudulent and the IRS closed down her office. Now several thousands of African-American families are being penalized and their present taxes have been affected.

It appears that this lady did tap into something. Presently, the IRS is still sending out these refund checks.

Is there any hope for the truth to come out and how can these families be assisted?

Would anyone be interested in this matter?

Thanks,

Nadira A.

My response:

Nadira:

This sounds like the infamous slavery reparations tax credit scam.

IRS is not still sending out those refund checks. Some did slip out early in the life of this scheme; but not any more.

I don’t mean to be insensitive, but I have no sympathy for those people foolish enough to pay someone to obtain these “too good to be true” refunds. Their greed and gullibility led them into a useful and possibly expensive lesson that I hope they learned.

You can see more info on this from IRS:

IRS Issues Consumer Alert on Slavery Reparation Scams

IRS Updates the ‘Dirty Dozen’ for 2003: Agency Warns of 12 Common Scams – Number 4 of the Dirty Dozen Tax Scams

Slavery Reparation Scam

Kerry Kerstetter

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Leftist Tax Scorecard

Posted by taxguru on May 25, 2004

Annual Scorecard Shows Who Passes and Fails America’s Middle Class Families – Judging the quality of a tax system is by definition a very subjective task. The funniest thing about this “scorecard” is the claim that the group publishing it, Drum Major Institute, is non-partisan. Any group that gives John Kerry a 100% grade (and DemonRats as a whole 96%), on tax issues is obviously as Marxist as the JackAss Party. From this group’s blog, which they call ProgBlog, they reveal their true nature. For many years now, leftists have been afraid of the stigma attached to the Liberal label; so they use the alternative term of Progressive.

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Posted by taxguru on May 24, 2004

A Guide for Correcting the Course of Your Retirement Savings

Tax Code Repeal Bill Introduced in Senate – It would be great if such an action were actually real and not just a publicity stunt.

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Posted by taxguru on May 22, 2004

Against the American Aristocracy – Thanks to Dana Stahl for passing along this reminder that there are still plenty of Marxists around who welcome the idea of the big central government redistributing wealth. The concept of “equality” is too often misused to justify such measures. What we are supposed to have in our society is equality of opportunity; not equality of results. There will always be people who have more than others. To declare such a situation as inherently evil is just plain wrong and is really nothing more than a reason to justify central government control over all wealth.

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Funding a retirement account

Posted by taxguru on May 22, 2004

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Posted by taxguru on May 22, 2004

Seeking the Wisdom of Ancients – The quest for the perfect tax system is universal and never ending around the world. In Japan, they are referring to how things were handled thousands of years ago in order to see how modern systems can be modified. How long will it be before our rulers in DC try the same approach?

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Expanding the Child Tax Credit

Posted by taxguru on May 21, 2004

Part I: A Profile of the Families Benefiting from the $1,000 Per-Child Credit

Part II: A Profile of the 4.6 Million Taxpayers Who Would Benefit from Raising the Phase-Out Threshold to $250,000

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How our rulers plan their budgets:

Posted by taxguru on May 21, 2004

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