Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Archive for the ‘Uncategorized’ Category

Misc Items In My Backlog

Posted by taxguru on May 3, 2010

Want to get rich? Work for feds – “Public Servant” seems to be a dying concept.

From the most recent issue of Glenn Beck’s Fusion magazine, here is a summary of recent and upcoming tax hikes courtesy of the 0bambi Regime.

Beware Of The Muni Bond Bubble: States And Cities Can Fail As Well – Everyone needs to rethink one of the benchmarks of “safe” investing. Federal T-Bills could very well be next to lose their luster of infallibility as the drive by the DemonRat Regime to bankrupt the country pushes on.

Snopes.com looks at the upcoming new 3.8% MediCare tax on investment income. There are going to be lots of techniques for us to use with our clients to avoid this new insanity.

IRS lacks clout to enforce mandatory health insurance – There’s still plenty of time to make sure that IRS has the necessary clout for this.

5 more arrested as 15 plead guilty in $13 million tax scheme – The more ridiculous credits and crazy deductions in the tax code, the more scamsters will do their best to exploit them and game the system.

Millions face tax increases under Dems budget plan – The Insane AMT is still lurking around the corner. As always, our rulers’ insatiable lust for money to spend trumps anything resembling common sense or fairness.

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Posted by taxguru on April 20, 2010

The Contract from America – An outgrowth from the Tea Party movement, including the following tax related objectives:
4. Enact Fundamental Tax Reform
Adopt a simple and fair single-rate tax system by scrapping the internal revenue code and replacing it with one that is no longer than 4,543 words—the length of the original Constitution.
10. Stop the Tax Hikes
Permanently repeal all tax hikes, including those to the income, capital gains, and death taxes, currently scheduled to begin in 2011.

http://rcm.amazon.com/e/cm?t=taxfreeexchacorp&o=1&p=8&l=as1&asins=1594033730&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

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Posted by taxguru on April 13, 2010

Our Income Tax System — Corruption on Display – The most obvious “duh” statement of the day.

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Posted by taxguru on April 12, 2010

President Obama Plans Tax Increases on Investment Income – The DemonRat assault on our economic system continues. Of course, this means tons of more work for those of us counseling clients how to protect their wealth.
IRS spends stimulus money to rehab their Andover, MA service center:
Fair Tax DistractionAs always, lots of cries for simplification of the tax system, but no generally accepted consensus on the most appropriate alternative to what we currently have.
Without higher taxes, the national debt will be crushing – The DemonRat game plan is so obvious. Our rulers spend like crazy without limit and then try to guilt us into feeling a patriotic obligation to forfeit more of our income to pay for it. Be prepared for a lengthy drumbeat of this from the lefty media.

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Top Ten Thoughts That Go Through Every Accountant’s Mind On April 15th

Posted by taxguru on April 7, 2010

From the Late Show Archives, 4/7/10

10. “If I see one more tax return, i’m gonna jam a #2 pencil through my eye”

9. “I think my calculator is talking to me”

8.
“If I screw up, they go to jail, not me”

7.
“Why didn’t I become something exciting like a claims adjuster?”

6.
“Should I wear the navy blue suit or the navy blue suit?”

5.
“Get through today and then a 364-day weekend”

4.
“Who knew the bright-eyed little boy I once was would grow into such a bitter man with a soul crushing job”

3.
“Time to fake my death and move to the Cayman Islands”

2.
“Why did I waste time doing a stupid Top Ten at Letterman?”

1.
“This would be a lot easier if I was sober”

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Desperate For Money

Posted by taxguru on February 8, 2010

Like drug addicts craving their next fix, politicians will stoop to any means to squeeze more money out of the little people in order to feed their out of control spending addiction, as with this story from New York that will be duplicated all over the country..

New York’s phantom taxes

 

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Posted by taxguru on February 3, 2010

Drudge had some interesting tax related stories in today’s headlines:

Case backs need for sex-change surgery. US tax court rules costs deductible – A new more generous interpretation of the dispute between “required” medical costs and “elective,”

Budget-strapped states avoid the word ‘taxes.’ Rise disguised as penalty, fee. – This trick has long been used by slimy politicians to pretend they aren’t raising taxes, while using various other means to steal money from us peons.

Acquiring Shotguns – This bid by IRS to purchase 60 shotguns illustrates that I haven’t been exaggerating when I say that we are forced to pay taxes and for the Social Security Ponzi scheme at the point of a gun.  It’s also another example of how “voluntary” paying taxes is, for those idiot tax protestors still clinging to that stupid argument.

 

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Posted by taxguru on December 14, 2009

Taxes and the Family – Interesting look at the family aspects in our tax system from National Affairs.

 

Postal Service Employees Owed $300M in Taxes, IRS Data Shows – It’s not just cabinet secretaries who are allowed to avoid paying their taxes and still hold onto their lucrative Federal government jobs.

 

How Many Ways Can You Tax the Rich? – The most politically correct target for fiscal rape continues to be the evil rich.  Exploiting class envy never goes out of style with leftists.

 

IRS hires “hundreds” for new wealth unit – The infrastructure is being expanded for nailing those evil rich folks who have to carry most of the tax load in this country.

 

  

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2010 IRS Mileage Rates

Posted by taxguru on December 3, 2009

Announced today by IRS:

Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 50 cents per mile for business miles driven
  • 16.5 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

 

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Confusing tax rate schedules?

Posted by taxguru on December 2, 2009

I thought I made the tax rate schedules easy to follow on my website; but some people still get confused, as I address in this vidcast.

 

 

Business Plan Pro

 

 

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