Tax Guru-Ker$tetter Letter
Tuesday, April 06, 2004
Many Firms Avoided Taxes in Boom - This is just more "hate the rich" type rhetoric, decrying tax breaks for the "other guys" (aka evil corporations). What these complainers fail to acknowledge is that corporations aren't intended to pay taxes under true capitalism. They are merely conduits for their owners, employees and suppliers, who pay more than enough taxes on corporate revenues.
Satellite TV Services Eyed For New Taxes
Don't tax my dish!
Stop the Satellite Tax
Dividend Tax Cut Causing Many Headaches - Problems on two fronts. Errors with info on 1099-DIV and then confusion on how to properly report the different types of dividend income on the 1040. This is another benefit in waiting until after April 15 to prepare tax returns. Hopefully by then, most of these errors will be straightened out.
Predicted bonanza from the IRS is failing to meet expectations - Mixed stats. Larger refunds for some people and little changed from earlier years for others. As any financial expert will tell you, it's much better to have the higher take home pay throughout the year than receiving a big check from the IRS every April; so I can't get too worked up over small refunds.
Is Your Retirement Plan Gouging You on Fees? - Besides not having your retirement funds invested in risky stocks, you need to be sure the administrative fees don't eat up your nest egg.