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Showing posts with label IRS. Show all posts
Showing posts with label IRS. Show all posts

Tuesday, March 23, 2010

I.R.S. To Oversee The Health Care Deform Bill.

http://www.cnsnews.com/news/article/63181
IRS to Enforce Health Reform
An analysis done by Republicans on the House Ways and Means Committee estimated that this $10 billion could go to fund an additional 16,500 new IRS agents and other personnel to monitor and enforce the new mandates.

The Infernal Revenue Service (I.R.S.) (where you are guilty of tax fraud until proven innocent) will soon be in charge of enforcing the new federal requirement to pay for health insurance or face stiff penalties.

How will you prove to the Infernal Revenue Service (I.R.S.) that you paid for an acceptable health insurance coverage? If the new rules work anything like all the other tax regulations, you will need to be prepared for much higher costs.

Will your insurance company have to keep track and issue a 1099 at the end of the year to prove you have a federally accepted health insurance policy (so that you will not have to pay additional federal penalties)? If so, how do you think the insurance company will pay for the added accounting costs? Do you think the insurance companies will work at a loss? Or do you think the insurance companies will raise their fees to cover the added paperwork costs?

If your insurance company isn't going to do the paperwork necessary to prove you have paid for a federal approved health insurance policy, then you will have to do the paperwork yourself. If you don't prepare your own tax return (because the rules are so convoluted, and the requirements are so onerous), then your tax preparer will have to do it for you. Which means your tax preparer will have to take additional classes to learn what and how to prepare the forms. Which means the cost of preparing your tax return will substantially increase in cost.

So aside from the increase in costs of your health insurance to pay for the health insurance for the millions who can't afford it, this is just some of the other increases in costs of living in the U.S.S.A. that the democrats didn't think it would be necessary to tell the slaves citizens about.

Saturday, February 20, 2010

Taxes Keep Getting Worse.

http://findarticles.com/p/articles/mi_m1272/is_2707_132/ai_115405768/
IRS's "free" advice often wrong

The Infernal Revenue Service Agents who answer the telephone are wrong between 20% to 35% of the time.

http://money.cnn.com/2010/02/19/news/economy/tax_cheating/index.htm
Are you a tax cheat?
"People can't figure it out so they just put down a number that seems pretty good to them," he (Mark Luscombe, a tax analyst at CCH) said. "The laws get more and more complicated each year and people just have less time to figure out the right way to do it so they might try to cut some corners."

If I understand this comment correctly you are a tax cheat if you don't understand the collection of loopholes known as the United States Tax Code and you make a mistake when filling out your own return.

I wonder if Mark Luscombe, a tax analyst at CCH, was including the Infernal Revenue Service Agents who answer the telephone and provide incorrect advice to people trying to prepare their own tax returns?

A recent survey said that 13% of those polled believe that cheating on your tax return is acceptable. This is up 4% from the prior year. This is less than the percentage of tax cheats that Barack Hussein Obama has nominated and appointed to political office. The increase in tax cheats is good, as the rate of increase in tax cheats is less than the current inflation rate. And at this rate, it will take more than 20 years for 100% of the people to believe that cheating on your taxes is acceptable. Long before then the tax code will have gotten so complicated (new taxes and new exemptions), that even with paid professional help, it will be impossible to prepare a tax return correctly.

Although you may not need to worry about the future complications to the tax code. With the rate of the current economic recovery, we may all be unemployed and thus no longer need to file returns.

Sunday, January 24, 2010

The Infernal Revenue Service Wants You To Make Mistakes On Your Return.

http://www.nytimes.com/2010/01/24/business/24digi.html
Why Can’t the I.R.S. Help Fill in the Blanks?

Consider, your w-2s, 1099s, ... are all filed with the Infernal Revenue Service. Any forms that are submitted manually, are digitized. Many forms are already submitted electronically.

So why doesn't the Infernal Revenue Service send out preprinted forms with the submitted information already filled out? I can think of one reason off the top of my head. The Infernal Revenue Service wants you to make mistakes on your return. If you make mistakes on your return, the Infernal Revenue Service is never going to figure that out in a reasonable period of time. Which means that you not only get a penalty for not being able to figure out how to prepare your return correctly, they can also add interest to the amount of underpayment from the day the return was filed!

Seems like a good scam to me.