Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Friday, September 05, 2008
The fox guarding the henhouse?
RANGEL ADMITS TO VILLA INCOME - Interesting story about how the top DemonRat in charge of the Federal Tax Code has accidentally failed to report over $75,000 of rental income on his tax returns and Congressional disclosure forms.
When can we expect the IRS to indict him for tax fraud? Let's not hold our breath waiting for that to happen.
I guess this is another example of the old "it takes a thief to know one" in relation to his constant rantings about the infamous "Tax Gap" and how everybody is a tax cheater so that we need to have tougher tax enforcement. He does know how easy it is to pocket tax free rental income.
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 9/05/2008 08:33:00 PM Send this post:
