Well the IRS has (with much fanfare (whee)) triumphantly unveiled the new and improved IRS.gov website and in exchange turned off a lot of services over the labor day weekend. Seems fair, doesn’t it?See this article in Accounting Today by Michael Cohn that talks about it:http://www.accountingtoday.com/news/irs-unveils-revamped-web-site-63839-1.html?ET=webcpa:e6035:204199a:&st=email Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Romney Tax Returns Show Strategies for Moving Money to Kids
Hey, whether you like Mitt Romney’s platform or not, you have to admit he is legally using the tax laws to his advantage (which he should; I don’t want someone dictating economic policy who is paying too much to the government). He is paying low tax rates on capital gains and dividends, plus he is using various estate strategies to push money out of his estate and give it to his kids. See this article in Accounting Today by Margaret Collins and Richard Rubin to find out more about the Romneys’ estate and tax planning strategies:http://www.accountingtoday.com/news/mitt-romney-tax-returns-estate-planning-strategies-63755-1.html?ET=webcpa:e6008:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_082712While most of us don’t have the money the Romneys do, I have worked with attorneys and financial planners to set up estate plans on a smaller scale that can also be effective at saving taxes and transferring assets. Call or email me with questions. Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Ex-IRS Employee Sentenced for Identity Theft and Tax Fraud
Recently we discussed tax fraud in prison; now there is actually tax fraud inside the IRS. A man employed by the IRS as a taxpayer service rep through March helped himself to taxpayer information from February 2008 till January 2011. See this article in Accounting Today by Michael Cohn:http://www.accountingtoday.com/news/former-irs-employee-sentenced-identity-theft-tax-fraud-63744-1.htmlThis is getting crazy – prisoners as well as IRS Reps committing tax fraud. People estimating their deductions now seem like solid citizens.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035