Tax Guru-Ker$tetter Letter

Sunday, November 26, 2006

Rumors fly that President Bush may be willing to raise taxes. – Unfortunately, with his track record of allowing the Dems to set policies in DC, this kind of rumor isn’t as farfetched as it should be for someone who truly supports the tenets of capitalism.

Burned Nonprofits Try to Make It Harder to Renege on Gifts – It’s about time. Every time I see someone basking in the self-promoting publicity of a huge charitable gift that is to be made several years later, I know that the chances are very high that that person will cancel or reduce the actual amount given. Of course, there’s rarely any mention of that change in the press. The real lesson from these kinds of broken promises for the nonprofit organizations is to simply not rely in any way on any donations until they are actually received. Announcements of future gifts are as reliable as political campaign promises.

IRS Turns to Eunuchs to Improve Tax Collections – A spoof on the widely publicized stories about tax collectors in India.

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 11/26/2006 12:04:00 PM Send this post: