Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Show Biz Tax Breaks (re-post)

Posted by taxguru on June 21, 2016

The panel on The Jeselnik Offensive discusses tax deductions for rappers and comedians. 

I had posted this almost three years ago, but just now received a copyright complaint from Viacom via YouTube about its content, so I have uploaded it to WordPress instead.

 

 

 

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The Other “TaxMan” Song

Posted by taxguru on June 21, 2016

Over the past few decades, I have posted several renditions by various artists of George Harrison’s classic TaxMan song which was first heard on the 1966 Beatles album, Revolver.

Here is a new performance of a similar song, Cheap Trick’s “Taxman, Mr. Thief” that is often referred to as just TaxMan.

This is from a recent episode (#75) of Live From Daryl’s House, where Daryl Hall performs a variety of songs with other musicians.

This song is not as well known or widely covered as George Harrison’s, but has very similar sentiments.  It was first released on Cheap Trick’s debut album in 1977.  A cover version of this song by The Dream Police was included in Coverville’s Tax Day Tribute that I wrote about in April.

The lyrics, courtesy of AZLyrics:

You work hard, you make money
There ain’t no one in this world who can stop you
You work hard, you went hungry
Now the taxman is out to get you
You worked hard
And slaved and slaved for years
Break your back sweat a lot
Well, it’s just not fair
He hates you, he loves money
And he’ll steal your shit and think that it’s funny
Like the Beatles he ain’t human
Now the taxman is out to get you
You worked hard
And you slaved and slaved for years
You played
And you played and played for years
Taxman, Mr. Heath (he’s a thief)
He’s looking for run-in, yeah
Taxman, Mr. Heath (he’s a thief)
He’s looking for run-in, yeah
You work hard, you make money
There ain’t no one in the world who can stop you
You work hard, you went hungry
Now the taxman is out to get you
You worked hard
And you slaved and slaved for years
Break your back sweat a lot
Well, it’s just not fair
Taxman, Mr. Heath (he’s a thief)
He’s looking for run-in, yeah
Taxman, Mr. Heath (he’s a thief)
He’s looking for run-in, yeah

 

Audio Version:

 

Video Version:

 

 

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The “Feel-Good” Headline of the Day…

Posted by taxguru on June 15, 2016

The first step in his impeachment and removal from his position as head of the most feared governmental agency.

House committee votes to censure IRS commissioner

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IRS can’t protect our private data…

Posted by taxguru on June 9, 2016

It’s not a good feeling  to realize that we are all forced, at the point of a gun, to reveal every single bit of our financial information to our overlords at the IRS, who can’t seem to do a very good job of protecting that information from the (other) bad guys who want to steal our money and our identities.  And, as if that isn’t bad enough, when the top dogs at IRS are confronted with these facts, they lie about how extensive their security lapses are.  This lack of honesty isn’t actually very surprising, considering the IRS Commissioner’s penchance for committing perjury in his own congressional testimony.

IRS computer hack was worse than agency admitted

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IRS Persecution Targets

Posted by taxguru on June 6, 2016

IRS finally reveals list of tea party groups targeted for extra scrutiny

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Bogus IRS Scams

Posted by taxguru on May 31, 2016

Good News – Some Scamsters Arrested:

5 Arrested, Accused of Scam Posing as IRS Agents

 

Bad News – A New Variation:

IRS Warns of Latest Scam Variation Involving Bogus “Federal Student Tax”

 

A reminder never to answer any phone calls or send money to anyone claiming to be with the IRS without checking with your own professional tax advisor. 

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Impeaching the IRS Commissioner?

Posted by taxguru on May 25, 2016

This takes guts by the Congressmen to pursue because all of them can be sure that they will soon be facing serious IRS backlash in the form of “anal probe” style audits.

The IRS boss is just begging to be impeached – New York Post

Top House Republicans make case to impeach IRS boss – Fox News


Update
: The Commissioner has posted this response to Congress on the IRS website:

Written Statement of John A. Koskinen, Commissioner, Internal Revenue Service, Provided for the House Judiciary Committee on May 24, 2016

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More lies from IRS Commissioner

Posted by taxguru on May 23, 2016

IRS chief: I’ve never spoken to Lois Lerner

Knowing that nothing serious will happen to him, he’s “too busy” to appear before Congress to defend himself against impeachment.  This level of arrogance after being caught committing perjury on several occasions is mind boggling, but not out of character for members of the bHo Regime.

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Charging for required tasks…

Posted by taxguru on May 7, 2016

Something about this press release from IRS, describing the rationale for their special user fees, strikes me as bordering on insane.

IRS User Fee Program

They try to make the case that people and entities that get special services from IRS should reimburse the government for the costs for IRS to provide those special services. 

What goes unsaid is the fact that the only reason people need to request these “special services” are the facts that IRS requires us all to do all of these complicated things and, with the assistance of our Rulers in DC, have done everything they can to make everything as confusing as possible.  Charging victims of our convoluted tax system special extra fees in order to explain how to comply with the rules is crazy.

Similarly, as in the news release, is the issue of PTINs for us tax pros.  It’s as if it’s some kind of luxury benefit that we receive by having a PTIN, so we should pay IRS for the “benefit” of literally being forced to reapply for a renewal of our PTIN every single year.  I’m sure other tax pros would agree with me that we liked it better under the old rules, where we obtained a PTIN in order to protect the privacy of our SSNs and then we just used that same number from that point on, without having to pay a new fee every year.  What’s next?  An annual application and fee for every American to renew our Social Security numbers?

 

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

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Tax Season Recap

Posted by taxguru on May 3, 2016

For those who believe it’s our patriotic duty to pay in as much as possible to our overlords in DC, Jodi Miller of NewsBusted has a quick analysis of this most recent Tax Season

 

Excerpted from the 5/3/16 episode of NewsBusted.

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