Tax Guru-Ker$tetter Letter
Tuesday, April 20, 2004
An IRS Promotion for Bush at Tax Time - Contrary to what many tax protestors claim, the IRS is a part of the Treasury Department, which is part of the Executive Branch of the Federal government. Having them in synch with the top executive (Bush) is the right way to have things. The Dems just don't like facts getting in the way of their lies about taxes and the economy.
Eric Rasmusen has some more analysis of John Kerry's tax returns. He has an interesting conclusion: "If Kerry can't find someone competent to fill out his tax forms, how can he run a government?" He has a good point that, being in high level politics, John Kerry knows full well that the media and the public will be checking over his personal income tax returns. Just as with Al Gore's miniscule charitable donations, it doesn't show a lot of brain power on their part to see that they didn't spruce those kinds of things up; especially when they (DemonRats) are always claiming to be the most compassionate people on Earth.
A good tax preparer should be aware of the intended audience for the returns s/he works on. It's not always just the IRS who will be using them. For decades, I have made a point of asking clients if they expect someone other than IRS to be looking at their tax returns, such as a lender for a loan application or an investor or buyer of a business. If so, we may go lighter than normal on some of the deductions in order to paint a better picture.
Thanks to Paul Caron for the link to this on his very useful new TaxProf Blog. He also has an interesting review of the recent book critical of the USA tax system, Perfectly Legal, on his blog.