Another agency which needs eliminating?
Apr 18, 2014 11:27:07 #
Elwood wrote:
The IRS rules and regulations are so damned complex that both tax lawyers and CPAs have a hard time interpreting or understanding them. Talk about bureaucracy running amok. :hunf:
Actually, we don't have trouble interpreting them. The problem is that the IRS has a different perspective and interprets them differently.
One of the best arguments I had with them was over the home office deduction. According to the section applicable to this rule, the deduction is listed as being limited to the Gross Income of the business. Gross Income has a specific definition throughout the entire code - except for this one section (283(a) if I remember correctly where gross income is considered by the IRS to mean Net Income.
When they aren't consistent with their own definitions, how can the code be followed?
Apr 18, 2014 12:59:01 #
Tyster wrote:
Actually, we don't have trouble interpreting them.... (show quote)
That is why they need to go. :-D
Apr 18, 2014 14:35:31 #
Elwood wrote:
The IRS rules and regulations are so damned complex that both tax lawyers and CPAs have a hard time interpreting or understanding them. Talk about bureaucracy running amok. :hunf:
...and most of it is created to take taxes back out...how 'bout just charging most people 10% (like you said).
Apr 18, 2014 16:08:28 #
[quote=Tyster]Actually, we don't have trouble interpreting them. The problem is that the IRS has a different perspective and interprets them differently.
Whoops. I just thought of another group which would probably be against any kind of Fair Tax or Flat Tax... Tax Accountants. Sorry, Tyster. In your industry how many people do you think would support the Flat Tax on principle and worry about changing careers later?
I have a good friend who is a tax accountant. Dang. I haven't asked him where he stands on this issue. Come to think of it, my taxes went up unexpectedly this year when he figured them. Maybe he already knows where I stand. Hmmmm.
Whoops. I just thought of another group which would probably be against any kind of Fair Tax or Flat Tax... Tax Accountants. Sorry, Tyster. In your industry how many people do you think would support the Flat Tax on principle and worry about changing careers later?
I have a good friend who is a tax accountant. Dang. I haven't asked him where he stands on this issue. Come to think of it, my taxes went up unexpectedly this year when he figured them. Maybe he already knows where I stand. Hmmmm.
Apr 18, 2014 21:43:29 #
Dummy Boy wrote:
...and most of it is created to take taxes back out...how 'bout just charging most people 10% (like you said).
That would work. :thumbup: :thumbup:
Apr 19, 2014 09:18:31 #
[quote=adennya]
While I do prepare taxes, my primary income is as an executive with a public company. I have another company that provides accounting for small companies. Most of the tax work is for those businesses and owners and most are done for no fees. Could care less financially whether "experts" are needed for preparation.
I do not support the current tax structure. But I feel the government will never support an alternative that takes away their power to manipulate the economy.
Tyster wrote:
Actually, we don't have trouble interpreting them.... (show quote)
While I do prepare taxes, my primary income is as an executive with a public company. I have another company that provides accounting for small companies. Most of the tax work is for those businesses and owners and most are done for no fees. Could care less financially whether "experts" are needed for preparation.
I do not support the current tax structure. But I feel the government will never support an alternative that takes away their power to manipulate the economy.
Apr 19, 2014 12:31:45 #
Tyster wrote:
I do not support the current tax structure. But I feel the government will never support an alternative that takes away their power to manipulate the economy.
I'm afraid you are right. The best of them, if there is such an animal, will not cede an ounce of power.
I'm hoping the Fair Tax will catch fire. Just eliminating any form of income tax would be a good start.
Apr 19, 2014 23:00:06 #
adennya wrote:
I'm afraid you are right. The best of them, if there is such an animal, will not cede an ounce of power.
I'm hoping the Fair Tax will catch fire. Just eliminating any form of income tax would be a good start.
I'm hoping the Fair Tax will catch fire. Just eliminating any form of income tax would be a good start.
172 or 152?
Apr 19, 2014 23:02:06 #
Elwood wrote:
http://www.wnd.com/2014/04/lerner-emails-plotted-prosecuting-conservatives/
Fair Tax or even flat tax could eliminate a need for the IRS which would be a blessing for this country.
Fair Tax or even flat tax could eliminate a need for the IRS which would be a blessing for this country.
I am putting my libtard, demoncrat image at risk once again to agree.
Apr 19, 2014 23:13:19 #
rumitoid wrote:
I am putting my libtard, demoncrat image at risk once again to agree.
:thumbup: :thumbup: :-D
Apr 19, 2014 23:15:14 #
Kirk wrote:
Of course everyone will try to keep what they can ... (show quote)
Workman's comp. what a racket, but that's the good ol insurance companies again
Apr 19, 2014 23:18:41 #
maelstrom wrote:
Workman's comp. what a racket, but that's the good ol insurance companies again
Back in the 80s when we worked the oil patch the workmans comp was 100% of payroll.
Apr 19, 2014 23:28:54 #
astrolite wrote:
Back in the 80s when we worked the oil patch the workmans comp was 100% of payroll.
If it were 100% you wouldn't get paid?
Apr 19, 2014 23:39:48 #
astrolite wrote:
Back in the 80s when we worked the oil patch the workmans comp was 100% of payroll.
Did they use your head as the drill? They must have held you by the ankles and twisted you till they hit oil for a 100% comp rate... I am amazed you survived this abuse, but it does explain your reply's on OPP
Apr 19, 2014 23:42:22 #
Elwood wrote:
:thumbup: :thumbup: :-D
You do know how much I value that disparaging and untoward blind labeling, right?
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