Tax Guru-Ker$tetter Letter

Tuesday, February 14, 2006

IRS Updates Tax Gap Estimates - No surprise here because IRS had earlier told us to expect a new SWAG from them. It's also not surprising that so many others are swallowing these figures as gospel, such as TaxAnalysts. The fact that these higher tax gap calculations are being used to justify more money and power for IRS couldn’t possibly have influenced their measurement of something that is inherently impossible to measure with any precision, could they?

Feds bust father & daughter tax preparers in Wichita for claiming bogus deductions on their clients’ returns.

Despite Federal Tax Credits, Solar Power Isn't for Tightwads

Even with the new federal credit, it often takes 20 or more years to recoup the initial investment through energy-bill savings.

Taking Inventory of Your Home To Get Adequate Insurance – Dealing with insurance adjusters can often be worse than IRS auditors.

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 2/14/2006 10:36:00 PM Send this post: