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IRS Admits, Apologizes For Targeting Conservatives During 2012 Election

zerohedge.com / By Tyler Durden / 05/10/2013 10:54 -0400

Just because you are a conservative and paranoid, doesn’t mean the IRS is not after you. And, assuming the AP was not hacked again, this is precisely what happened. In a stunning disclosure, the supposedly impartial Internal Revenue Service has admitted and apologized for flagging [...]

Behind the “Record” Expatriation Numbers

dailyreckoning.com / By Dave Gonigam / May 9, 2013

The number of Americans expatriating in the first quarter of 2013 has set a record.

“More than 670 U.S. passport holders gave up their citizenship — and with it, their U.S. tax bills — in the first three months of this year,” [...]

Michael Gray – It’s Getting Harder But Not Impossible To Keep Your Money From The IRS

from Financial Survival Network

We talked with CPA Michael Gray about strategies for keeping more of your money and paying less in taxes to the IRS. Certainly things have gotten harder with the new tax law, but there are still strategies available for minimizing your tax burden Charitable contributions, retirement planning and other things still [...]

Taxation Is Theft

lewrockwell.com / By Andrew P. Napolitano / April 18, 2013

With a tax code that exceeds 72,000 pages in length and consumes more than six billion person hours per year to determine taxpayers’ taxable income, with an IRS that has become a feared law unto itself, and with a government that continues to extract more [...]

Carl Jarvis – Why Gun Control Failed In Congress Again

from Financial Survival Network

Carl Jarvis constitutional scholar came on to discuss the latest gun control failure and why it matters. Seems with all the monumental existential issues facing the country, Congress should be more concerned with these issues than having you check a few more boxes on your gun check form. Not so. The [...]

IN APRIL ONLY A FOOL HAPPILY PAYS TAXES

dollarvigilante.com / By Gary Gibson / April 15, 2013

“It is difficult to free fools from the chains they revere.” –Voltaire

Most people think April’s Fool Day in the US falls on the first of April. They’re wrong, but they are close. It’s really April 15. That’s when millions upon [...]

The IRS is Following Your Digital Tracks

Alas, there’s no electronic equivalent of this doormat…

dailyreckoning.com / By Dave Gonigam / 04/12/13

Here are two things you never want to see in the same sentence: “IRS” and “digital tracking technology.”

On Monday, with a week to go before the filing deadline, news began seeping out of the cesspool in the [...]

Taxed for Life

lfb.org / By Jeffrey Tucker / April 12, 2013

The least of the problems with the income tax is that it takes your money. The really big problem is that the income tax takes your life. It gives the government direct access to the things you own and sets up the political/bureaucratic sector to [...]

The IRS Claims it Can Read Your Email…Without a Warrant

libertyblitzkrieg.com / By Michael Krieger / April 11, 2013

Truly remarkable how the establishment views the citizenry. They quite clearly and openly view themselves as having full ownership of our lives, our work and our privacy. Actually, they do not think we deserve to have privacy at all. This is the exact [...]

The IRS is Spying on You

wealthwire.com / By Brianna Panzica / April 11, 2013

You hear it all the time. “Be careful what you put on Facebook, you never know who might be watching.”

The warning usually implies potential or current employers eyeing your moves. Of course, most people don’t think much of this, or else they [...]

IRS claims they can read your e-mail and other electronic communications without a warrant

activistpost.com / By Madison Ruppert / April 11, 2013

According to documents recently obtained by the American Civil Liberties Union (ACLU), the Internal Revenue Service (IRS) believes they have the authority to read the private e-mail messages, Facebook chats and other online communications of Americans without obtaining a warrant.

This probably isn’t surprising given the [...]

Your Emails Can be Seized No Problem

armstrongeconomics.com / By Armstrong Economics / April 11, 2013

Recently the American Civil Liberties Union under a Freedom of Information Act request got internal documents of the IRS that take the position that the IRS maintains it can read American citizens’ emails without a warrant. As always, the government agencies ALWAYS interpret their authority [...]

TDV WEEK IN REVIEW MARCH 31, 2013

dollarvigilante.com / By Gary Gibson / March 31, 2013

Need a tax expert? I ask because National Stockholm Syndrome Day is almost upon us. All across the nation the American people are paying their federal masters not only with money but with time and worry. Meanwhile the tax reporting preparation pimps are hawking their [...]

Intuit’s Long Hard Fight To Stick It To The Taxpayer

testosteronepit.com / By Wolf Richter / March 26, 2013

“The government imposed the income tax burden in the first place,” said former California Republican legislator Tom Campbell about the process of filing income tax returns. “So if it wants to make it easier, for heaven’s sake, why not?” But two companies that [...]

A Different Version of the “Dumb” Swiss Banker Story

brucekrasting.com / By Bruce Krasting / March 13, 2013

A funny story out from Switzerland today. It was widely covered in the press (Link). I think the story that is “out there” is bullshit. My take:

The story in the media is that a Mr. Beda Singenberger, a Swiss Private Banker “accidentally” [...]

Legal Pot Sellers Face 75% Tax Rate

wealthwire.com / by Adam English / Monday, February 25th, 2013

No one in their right mind would put legal marijuana dealers on par with cocaine smugglers. Unfortunately, the Internal Revenue Service (IRS) decided it will.

All of the problems are coming from a modification to the tax code back in 1982. Section 280E was [...]

Daily Pfennig: Check The Docket For What Happens March 1st

caseyresearch.com / By Chuck Butler / February 19, 2013 1:22pm GMT

Check The Docket For What Happens March 1st.

Good day. And a Tom Terrific Tuesday to you! With yesterday being a holiday, I hope you were able to enjoy a 3-day weekend. President’s Day. Did you go out and buy a new mattress? [...]

DOES IRS HAVE ITS SITES SET ON ROTH IRA’S?

silverdoctors.com / By AGXIIK / February 8, 2013

The government says that once the Roth is converted, there are no taxes on withdrawals after that. Of course, the gummint is great at the big lie. Anytime in the future the Roth safe harbor could be cancelled. All a president would have to do is pull [...]

Feds Delay 30% Withholding on Outbound Capital Transfers—Again

financialsense.com / By Mark Nestmann / January 10, 2013

(This is an important update to a posting originally published Nov. 9, 2012).

I’ve written extensively in this blog about the destructive effects of an ill-conceived law championed by President Obama—the Foreign Account Tax Compliance Act of 2010.

Among many other statist provisions, FATCA demands that [...]

Beware The Taxman Cometh

armstrongeconomics.com / By Martin Armstrong / January 10th, 2013

It is absolutely IMPERATIVE to understand that what we face is by no means HYPERINFLATION. If you keep thinking that government will somehow just print their way into oblivion, you are going to lose your shirt and pants along with the car and [...]

“Non-Partisan” NGOs Call on IRS to Increase Audits on Wealthy

silvervigilante.com / By SV / January 10, 2013

If you earn more than $1 million a year, you run a 12 times higher chance of behing audited by the IRS than individuals who earn $200,000 and less. Approximately one out of every eight tax filers earning $1 or more were audited in 2011, doubling [...]

My Name is Cash

spectator.org / By Bill Croke / 1.2.13 @ 6:08AM

America’s growing underground economy — a necessity in the age of Obama.

Barter is as old as human history. According to a story in the Wall Steet Journal, it is yet practiced as a facet of the 21st century global economy. Germany, for example, “sends [...]

Hobby Lobby and the Loss of America’s Soul

americanthinker.com / By By Jeannie DeAngelis / December 30, 2012

Currently, Obamacare is ushering in a new definition of “religious liberty.” So far, the Catholic Church has already received fair warning that when it comes to providing insurance that covers birth control and abortion, there are limits on “religious liberty.” Moreover, they are also finding [...]

IRS Increases IRA Limits To Keep Up With Inflation

silvervigilante.com / By SV / December 31, 2012

New rules will kick in next year enabling workers to put more money into their 401(k)s and individual retirement accounts. The move has been made the Internal Revenue Service in order to keep up with inflation, and means that the annual limit on contributions to [...]

Vanishing Data on Tax Migration

wealthwire.com / By Wealth Wire / December 26, 2012

Oh so quietly, the Obama Administration has removed embarrassing data from the public eye. The Internal Revenue Service (IRS) no longer provides information on tax migration within the U.S. There was no announcement from either the IRS or the Census Bureau, which co-operates in compiling data. [...]

Considerations For YE 2012

market-ticker.org / By Karl Denninger / December 25, 2012, 17:48

As with all such views, you may need professional tax advice on any of these moves. Your situation is unique — everyone’s is. With that said, here are some things to consider in the closing days of 2012:

Take taxable gains now. Capital gains [...]

VANISHING DATA ON TAX MIGRATION

dollarvigilante.com / By Wendy McElroy / December 21, 2012

Oh so quietly, the Obama Administration has removed embarrassing data from the public eye. The Internal Revenue Service (IRS) no longer provides information on tax migration within the U.S. There was no announcement from either the IRS or the Census Bureau, which co-operates in compiling data. [...]

REMOVE YOUR CHILDREN FROM THE LINE OF FIRE

dollarvigilante.com / by Wendy McElroy / November 20th, 2012

This holiday season, give the gift of freedom. Include a passport among the gifts you give your children this Christmas. Not an American passport, but one from the several countries that make it easy to acquire residency status even if you do not [...]

Ranchers, farmers brace for ‘death tax’ impact

foxnews.com / By William La Jeunesse /November 16, 2012

Rancher Kevin Kester works dawn to dusk, drives a 12-year-old pick-up truck and earns less than a typical bureaucrat in Washington D.C., yet the federal government considers him rich enough to pay the estate tax — also known as the “death tax.”

And [...]

IRS to “Back-Value” Heinous AMT to 2012?

brucekrasting.com / By Bruce Krasting / Wednesday, November 14, 2012

The Wall Street Journal reports this morning that Obama is going to ask for $1.6T in new taxes when he speaks on Friday. The only way that this sized tax increase could be accomplished is if the AMT tax is indexed to inflation and hits [...]