Tax Guru – Ker$tetter Letter

It is interesting that so many people are ready to scrap the space shuttle because it was designed in the 1970s; yet refuse to allow anyone to touch their sacred 1930s Social Security program.

We need a complete overhaul of the tax code – Understatement of the century.  Actually, a better approach would be to scrap it entirely rather than continuing the Frankenstein monster approach that has always resulted in the same kind of mess that we’ve always received from our imperial rulers in DC.

From Ron Braun

IRS to Put Focus On S Corporations – Tom Herman of the Wall Street Journal covers the upcoming IRS study of S corp tax returns that I covered last week.

There is something to be said for investing in real tangible things instead of in imaginary assets, such as internet stocks.

From Cheapskate Monthly

Estates of Pain – People are dying to get out of Connecticut and escape its estate tax of up to 16%.  

Reforming the Tax Code

IRS’s Tougher Stance Faces Resistance – Good look at the current status of IRS enforcement actions.