As published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers... Read More »
Issue #4: Dr. Tax-O-Sphere, Or How I Learned to Stop Worrying and Love the Tax Code
“Gee, I wish we had one of them doomsday machines”
- General “Buck” Turgidson -
Quack, Quack, I’m back! Little Doc humor, there.
Thanksgiving is once again upon us so I thought it would be fitting for the good Doctor to give thanks for the best tax blog posts of the month.
Here we go:
Robert Flach, The Wandering Tax Pro – My First 1040
The Flachster tells us how he lost his tax virginity to a “1971 Model.”
Unfortunately for him, it was not a runway model, but a tax form. Here’s an excerpt from Robert’s post:
Obviously the 1971 tax returns were prepared by hand. We didn’t even have photocopies back then (at least where I worked). The returns were written, or sometimes typed, on 3-copy carbonized forms purchased from Accountants Supply House in Valley Stream, New York State.
I’m not sure but I think the first tax return I prepared was a 1981′er.
And I remember investment tax credit studies back then. Fun to do and you could bill a lot for them.
Robert, H.G. Wells would be proud of your “time machine.”
Bruce, The Tax Guy – A Little Straight Talk
Bruce admonishes the government for encouraging Americans to spend more and gives us 6 suggestions of what you should do should you get another stimulus check. Here’s my favorite:
Start a family emergency fund. I recommend that you have at least six months’ worth of expenses set aside. This is more important than ever now when the economy is struggling, people are losing jobs, and so on. The situation is only going to get worse in my opinion.
Thanks Bruce for the practical advice.
Kay Bell, Catching Tax Cheats in Prison
A very interesting article from Ms. Bell:
Here’s a sample:
When it comes to tax fraud, federal prisons apparently are branch offices. The IRS estimates that around $375 million is lost each year to refund fraud. And part of that total comes from behind bars.
Between 7.5 percent to 15 percent of all refund tax fraud is being committed by prison inmates. And, says the IRS, the problem is growing, with prisoners devising elaborate schemes to receive refunds by fraudulently reporting earnings or claiming false eligibility for tax credits.
The IRS is hopeful that trend will soon slow. Thanks to a newly enacted law, the Secretary of the Treasury can now disclose certain prisoner tax return information to prison officials.
Apparently the prisoners obtain employment identification numbers from people on the outside and then use those numbers to file fraudulent tax returns claiming refunds.
It makes you wonder what these guys might have been able to do had they chosen to use their criminal ingenuity to do something helpful for society.
Joe Kristan, Macho Macho Tax Blogs
This is funny stuff, in spite of the fact that his analysis tells me that my blog is 21 points less manly than Kay Bell’s blog and 17 points less manly than Linda Beale’s.
Joe uses the Genderanalyzer.com website to analyze various tax blogs to determine their manliness. Here are the results:
Women Tax Bloggers:
Men Tax Bloggers:
I know the election’s over, but for the heck of it I put the Obama and McCain campaign sites through the genderanalyzer. Here’s what I got:
Obama Campaign Site: “We have strong indicators that barackobama.com is written by a man (98%).”
McCain Campaign Site: “We think johnmccain.com is written by a man (78%).”
So the liberal intellectual is more manly than the conservative war hero.
Who woulda thunk it?