Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Entertaining Educational Tax Videos

Posted by taxguru on January 15, 2014

From a reader:

Subject: Tax Time Entertainment!

Hi Kerry (aka Tax Guru),

Two things:

a) Love your blog! I just started following you, and I really appreciate the great content you put out there for tax-conscious humans like me. Keep it up, and I will continue to be a loyal follower!

b) I am a big tax nerd who really wants to help make tax time as painless as possible, so along with my accountant friend Josh of Westwood Tax & Consulting, we are creating a series of easy-to-follow, and more importantly, entertaining tax videos to break down the terrifying monster under the bed, and show people that taxes are not so scary.

If you could take just 2 minutes (ok, one and a half) to check out our latest episode (the beginning of a series for entrepreneurs) at http://www.youtube.com/watch?v=iInAJl_DO2o, and let me know what you think, I would be much obliged. I gladly welcome any feedback you have, and I would ask you to consider incorporating these videos into your site or a post to spread the Tax Yak series to people who would get the most out of them.

I look forward to hearing from you.

Paige Wilhide

My reply:

Paige:

I finally had a chance to check out your video, “Sole Prop v. LLC v. S-Corp” and you are correct that it is very entertaining and well produced.  I will be glad to post a mention of your videos on my blog and encourage others to subscribe to your YouTube channel, as I have done.

From a technical content perspective, I have always been a big fan of C corps, and was wondering why you failed to include that as one of the optional entity choices.  I have long found people jump right into S corps without considering all of the consequences, so I wrote an article comparing C & S corps a long time ago.  I still receive a lot of positive feedback on it.

You might want to do a video on this.

Thanks for sharing your video channel and keep up the excellent work on them.

Kerry Kerstetter

Follow-Up:

Hey Kerry,

Thank you so much for taking time to check out the video and for your feedback. I enjoyed your article very much, and I do agree that C corps are a good option for businesses. In fact, we  work with several C Corp clients, but we decided to skip it in this video for due to time constraints. And the majority of our clients are LLC’s, S Corps and sole proprietorships so we wanted to focus on them. We are discussing on doing a video on C corps per your suggestion. I’ll let you know the progress!
Thanks!
Paige

Posted in video | Comments Off on Entertaining Educational Tax Videos

Posted by taxguru on January 15, 2014

Sarah Palin’s father harassed by IRS six times since 2008 –  Coincidence?  Only a brain-dead moron (aka BHO supporter) could even pretend that is the case. Again, Richard Nixon was a piker when it came to abusing the power of his office compared to the current occupant.

 

Posted in Uncategorized | Comments Off on

FBI Coverup of IRS Crimes

Posted by taxguru on January 14, 2014

While the MSM continues to ignore the IRS crimes, at least a few of the more honest news outlets are addressing them.  The Nixon coverups after WaterGate pale in comparison to those by the BHO Regime.

photo DayByDayIRSAttacks011514_zps99cbbf81.jpg

Tearing away Obama’s veil of secrecy surrounding the IRS scandal

Investigate the investigators? GOP lawmakers urge probe of IRS scandal review

‘Sham’? DOJ under fire amid claims IRS probe unlikely to yield criminal charges

Deluge: Now 44 Times More TV Coverage of Christie’s Traffic Scandal Than in Last Six Months on IRS – The reason is obvious. Only things the GOP does are considered scandals worth covering by the MSM.

IRS Documents Reveal Agency Flagged Groups for ‘Anti-Obama Rhetoric,’ Big Three Refuse to Report

Issa: Obama admin’s IRS investigation appears to be a sham – This wins the prize for biggest understatement of the week.

No federal criminal charges expected in IRS targeting of tea-party groups

The FBI’s IRS Outrage

Officials say no evidence criminal charges warranted so far in IRS targeting probe

The ‘crime’ of the IRS –  Lois Lerner gets off scot-free.

Criminal charges not expected in IRS probe

Wouldn’t you know, FBI says it can’t find anything illegal in all that IRS intimidation

photo FBIcoverup_zps501ebc03.jpg

Posted in Crooks, IRS | Comments Off on FBI Coverup of IRS Crimes

IRS plans to stifle free speech even more…

Posted by taxguru on January 13, 2014

Those who thought the exposure of the IRS’s criminal attacks on conservative groups would result in their stopping such actions were naive as to how the BHO Regime functions. This is an interesting video on how the Regime is continuing to use IRS to shut up any opposition groups. 

 

IRS Targeting and 2014. Democrats are working hard to make sure conservative groups are silenced in the 2014 midterms.

 

Proposed IRS Regs Would Immediately, Unlawfully and Permanently Muzzle Conservatives 

 

 

Of course, in true DemonRat fashion, these rules will not apply to any group supporting the BHO Regime and its socialist policies. Nor will we hear or see any criticism of these attacks from the BHO lap-dogs in the drive-by media.

 

Posted in IRS, video | Comments Off on IRS plans to stifle free speech even more…

Dealing with ObamaCare…

Posted by taxguru on January 13, 2014

Home Depot’s Bernie Marcus: America to get very hurt by Obamacare –  Again, this is no surprise to anyone who has been following the BHO Regime’s systematic agenda to destroy the private sector economy.

 

What if Americans rebel against the Obamacare mandate? – The best way to fight is to refuse to comply.  This article also has a reminder that the so-called penalty for not complying is somewhat toothless.  IRS can only take it out of refunds and cannot enforce its actual payment. Skipping insurance entirely and working with the growing number of concierge style doctors seems like the best solution to this.

 

Posted in ObamaCare | Comments Off on Dealing with ObamaCare…

What IRS Scandal?

Posted by taxguru on January 12, 2014

Officials say no evidence criminal charges warranted so far in IRS targeting probe – This is as valid an analysis of the issue as when BHO graded himself as one of the best presidents in history; insane and as biased as hell.

 

Lawyer says FBI has contacted few Tea Party groups, 8 months into IRS scandal –  No surprise here.  According to the BHO Regime, using the IRS and every other governmental agency to attack their enemies is just business as usual.

 

Why Bridgegate made headlines but Obama’s IRS scandal didn’t – According to the media’s “journalistic standards,” only the GOP can be involved in a scandal. Anything the Dims do, is by their definition, not a scandal, but smart politics. 

 

photo 2014-01-12-RZDZC_zpsf52750b1.jpg

 

Posted in Crooks, IRS | Comments Off on What IRS Scandal?

Tax Breaks Drop in 2014

Posted by taxguru on December 31, 2013

Our rulers in DC  love to tinker with the tax code and add special temporary tax breaks so that the tax environment is in constant evolution.  As these news items explain, several temporary tax breaks expire at midnight tonight. 

Congress letting billions in tax breaks expire at year’s end

Congress letting 55 tax breaks expire at year’s end

What they don’t mention is the fact that the Section 179 expensing election maximum deduction drops from $500,000 for 2013 to just $25,000 in 2014. 

If recent history is any guide, there will most likely be an early 2014  push by our rulers in DC to reinstate many of these expired tax breaks retroactively to the beginning of the year.  Of course, there is no guarantee that this will happen; so don’t make plans assuming it will.  As always, the actions and inaction of our supreme rulers in DC do nothing but add to the uncertainty about the business and tax environments. 

 

TaxCoach Software: Finally! Plain-English Tax Planning That Builds Your Business!

 

Posted in 179 | Comments Off on Tax Breaks Drop in 2014

Posted by taxguru on December 27, 2013

Brokers take the credits given to studios for location filming and sell them to wealthy people and companies looking to shave their state tax bills. –  Another example of unintended consequences when our rulers establish tax policies without thinking ahead as to how they will be dealt with in real life, as opposed to the Fairy Tale world they live in. 

 

 

As city cycling grows, so does bike tax temptation –  While people continue to be gunned down in the streets of Chicago, its rulers can’t resist thinking up more ways to take more money out of the private sector.  Does this story remind anyone else of George Harrison’s timeless TaxMan song, especially this part?

If you drive a car, I’ll tax the street
If you try to sit, I’ll tax your seat
If you get too cold I’ll tax the heat
If you take a walk, I’ll tax your feet

 

 

Posted in Credits, TaxHikes | Comments Off on

Posted by taxguru on December 25, 2013

IRS vendors owed $589 million in back taxes, report says – Incompetence or collusion? Both are everywhere throughout the BHO Regime.

 

 

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Where do BHO and Joe BiteMe get their Christmas presents?

Posted by taxguru on December 25, 2013

This week’s episode of NewsBusted has the answer to that.

 

 

Posted in NewsBusted, video | Comments Off on Where do BHO and Joe BiteMe get their Christmas presents?

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