Small business owners who prepare tax returns for a living every year must either seek additional training or close their doors due to a new Internal Revenue Service regulation set to take effect at the end of this year. “Despite a federal lawsuit filed in March by three independent tax preparers and the Institute for Justice (IJ), the IRS refuses to budge on its December 31 deadline for roughly 350,000 tax-return preparers to comply with a mandatory continuing-education requirement, which will be followed next year by an IRS-mandated exam,” IJ’s Dan Alban writes at Doublethink Magazine (which I edit).
Comments: Those regulations waste up to 5 million man-hours?? I don´t even know what to say anymore. It is so very upsetting what is happening in this country.
Imagine how intrusive and what a waste of man power Obamibcare is. Tens of thousands of pages of regulations for insurance, businesses and individuals and not one cent of revenue. Just pure waste of talent, money and people´s time. At the US Goobernment, job killing is job number 1!
The truth is that Congress, over the years, has passed so many regulations that no one at the IRS can possibly know all of them. Of course, Obamacare has exacerbated the problem. I know a long time employee who purchases a computer program to prepare their tax return.
There is no way these independent tax return preparers know what they are doing and after they have completed the new course the IRS wants them to take they still will not know.
There has to be tax reform. Do away with all the regulations and start from scratch. Or, better yet, go to a flat tax.
Reply 8 - Posted by:
The Other Guy, 12/18/2012 11:39:18 AM (No. 9072633)
A flat tax would be preferable to our current system. A fair tax, a modified national sales tax, would be better. The flat tax generates funds from reported income only. The fair tax generates funds from what is spent. In addition to those who report income, it also covers those who don´t report income: illegal aliens, big spending drug dealers and other high income criminals and tax evaders that include some members of both houses of Congress. And the currently depicted plan does include provisions to protect the truly impoverished from being unduly burdened. If properly worded, the enacting legislation would preclude adding any other national tax on top of it and, also, preclude Congress from arbitrarily increasing the tax rate.
There´s something very, very wrong when average [or even bright and motivated] citizens can´t possibly deal with filing a tax return without help from a third party [as "hired help" or via purchased software]. The same must be said of dealing with Medicare, Social Security, the VA -- when you need a professional representative for practically all such contacts, there´s no way to rationally argue that these agencies are subordinate to and/or intended to serve the citizen.
Clearly, they have other ["perhaps unstated"] objectives and priorities. Like: a. influence peddling; b. bureaucratic empire building; c. stretching-out cases to manufacture lots of wantonly-wasteful "work" hours for employees [who are members of gov´t unions which contribute to pols who protect and help build these same bureaucracies... hmmm].
Gotta go. Have to call Home Depot and see whether that load of fence rails came in....
Couple of thoughts: When you get 3 different interpretations of the rules by talking to 3 different agents, its time to clear the deck and start over. I personally know a woman who owns an accounting business with a lot of clients who are themselves small businesses. Do the feds even begin to comprehend the problems their stupidity will cause when this goes into effect? It takes an accountant to keep up with these rules. Small businesses have no time for another full time job.
Few people realize the absurd complexity and endless lists of confounded laws- (one laws says "go" and the other says "stop")- in our tax code. It is all a matter of subjective destermination to decide if any tax payer has either cheated, made gross mistakes or paid properly. No one can say for sure! That´s why when there is an audit, the IRS nightmare is an appeal by a legitimate and informed tax attorney- also why just aobut every case is dealt with in arbitration, sometimes getting the IRS amount demanded whittled down to 1/100th of the original amount- no tax case, except for outright fraud and refusal to pay, can ever get through court- and most judges will even refuse to hear the case, even in Federal court!
The IRS has also passed a regulation that requires preparers to register, pay a fee, retain copies, and lists of returns prepared to be filed with the IRS, etc. Many casual preparers that offered tax preparation savings, if they did not have to do anything but prepare the return, are not going to bother. The cost of the IRS fees, CPE, tax software, copying expenses, etc. means you have to cover a $1,000 or more in costs before preparing a single return.
President Obama has recalled John Podesta to work at the White House as a “counselor.” Podesta is the Clinton hand who founded the far-left Center for American Progress (home of the clownish Think Progress blog). Podesta’s appointment, which needs no congressional approval, comes at a time when Obama is already making moves to do without Congress. He has used executive actions to re-write Obamacare, and to recalibrate immigration law, both in ways that just happen to favor either himself or the Democrats. The New York Times reports that Podesta will work on executive actions when he returns to the White
On CNN’s “Reliable Sources” on Sunday, new host Brian Stelter turned to President Obama the press critic. At the end of his cakewalk “Hardball” interview last week, Obama called out the media for being divisive. “The American people are good and they are decent. And yes, we get very divided partly because our politics and our media specifically tries to divide them and splinter them.” Stelter asked a decent question about whether that was an odd statement to make on divisive MSNBC. NPR television critic Eric Deggans shot that down, insisting MSNBC was a “great place” to attack cable news
Former CIA Director Leon Panetta revealed classified information at a 2011 awards ceremony attended by Zero Dark Thirty filmmaker Mark Boal, according to documents obtained by the conservative watchdog group Judicial Watch. The CIA allowed Boal, the screenwriter of Zero Dark Thirty, to attend a June 24, 2011 award ceremony celebrating the successful raid on Osama bin Laden’s hideout in Abbottabad, Pakistan that May. A transcript of Panetta’s speech that night obtained by Judicial Watch is labeled “top secret,” and significant portions of it are redacted. At the conclusion his speech, Panetta told the audience, “You have made me proud
UPDATE: Rep. Paul Ryan and Sen. Patty Murray unveiled a budget proposal Tuesday night. The proposal, which has yet to be voted on, busts through sequester caps, setting FY 2014 spending at $1.014 trillion — billions beyond the levels mandated by sequester. The proposal contains no mention of pension reform. Conservatives had better start paying attention to the budget battle raging in Washington: If things go south — and they are poised to do just that — the tea party’s single greatest policy victory, the sequester, could be destroyed. And worse yet, it could be destroyed in exchange for nothing. The sequester
Approval of ObamaCare in the United States has risen eight percentage points in the last month, according to a new poll. Thirty-nine percent of people now approve of the law, according to a CBS News/New York Times poll released Tuesday evening. Half of the public, by contrast, disapproves of ObamaCare, the poll found. Nearly 60 percent say they don’t think the sign-up process for ObamaCare is going well, but more than one-third say it’s improving. These figures come in just ten days after the administration touted the repaired federal portal for the insurance, HealthCare.gov. Obama’s general job approval rating has increased to 42 percent,
Rep. Karen Bass (D-Calif.), in an appearance on MSNBC´s "PoliticsNation" on Friday, condemned former Sen. Rick Santorum´s comments comparing Nelson Mandela´s fight against apartheid to the fight against Obamacare as "shameful." "And actually if I was going to make a comparison, I would make the opposite comparison, because I think the struggle for justice, which Nelson Mandela led for so many years is similar as the struggle for the health care as a right for people in the richest country in the world, and so the idea that they would make that comparison in the opposite way is just tragic,"
According to a new Rasmussen Report, the majority of Americans do not believe the deportation of illegal immigrants living in the United States is aggressive enough. More than 20 House Democrats last week urged President Obama to halt the deportation of illegal immigrants until Congress passes a comprehensive immigration reform plan, but voters by a two-to-one margin oppose that idea. Most already think the federal government is not vigilant enough in deporting those who are in this country illegally. Only 29% of Likely U.S. Voters think the government should stop deporting illegal immigrants until Congress passes an immigration reform plan.
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
The Obama State Department has finally released a second round of photos revealing the harrowing devastation wrought by a terrorist attack on the U.S. Consulate in Benghazi on Sept. 11, 2012. The new photographs depict rampant damage to the consulate. They show charred walls, smoldering fires, Arabic graffiti defacing exterior walls, and scattered debris throughout. The extent of the damage would lead any reasonably serious person to conclude that this was a cold, calculated attack, carefully coordinated to mark the 11th anniversary of Sept. 11, 2001. Unfortunately for the American people, the Obama-Clinton-Rice cabal that led to the Benghazi cover-up was
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”
A “presidential selfie” featuring President Barack Obama, British Prime Minister David Cameron, and Denmark’s Prime Minister Helle Thorning-Schmidt at Nelson Mandela’s memorial service began making the rounds this morning, but it’s the person not included in the frame who caught everyone’s attention: As anyone with two eyes and a Twitter account has noticed, Michelle Obama does not appear amused. Of course, though a picture says a thousand words, not all of those words are necessarily true. FLOTUS might not have even known the photo was taking place. Or she could disapprove of funeral selfies. Either way.
Just how much do many Hollywood liberals hate conservatives? In an interview with Playboy, Ben Affleck said, "When I watch a guy [on film] I know is a big Republican, part of me thinks, I probably wouldn’t like this person if I met him": PLAYBOY: You developed a political profile campaigning for presidential candidates Al Gore, John Kerry and Barack Obama. How did that come about? AFFLECK: I grew up in a house with a mother who was a teacher and a Freedom Rider—very left-wing Democrats living in a heterogeneous working-class neighborhood. I picked up a lot of those values there, and I
MSNBC host Melissa Harris-Perry opened her program over the weekend with a commentary about the Affordable Care Act’s colloquial moniker: “Obamacare.” She said that the word was originally created as a “derogatory term,” designed by white men as a way to delegitimize President Barack Obama and his achievement. However, she said that the term will soon be synonymous with all of Obama’s accomplishments and she urged her audience to use the term with pride. “I want to talk today about a controversial word. It’s a word that has been with us for years, and like it or not, it’s indelibly
Barack Obama has arrived in South Africa to lead the American delegation at a memorial service for former South African President Nelson Mandela in Johannesburg. But his party is reportedly stuck in traffic and he is said to have arrived late at the stadium for the ceremony. [Snip] But Mr Clinton, Mr Carter and his wife Rosalynn have all traveled separately to the event. According to reports, Mr Obama and his delegation are stuck in a lines of traffic caused by tens of thousands of people making their way to the event. Mr Obama is among the foreign leaders who