TAXES | WHAT REALLY HAPPENED


TAXES

Jun 02 07:13

Microsoft And The IRS Are Fighting Again

Microsoft Corp. and the IRS are back in court, this time fighting about the U.S. tax agency’s interest in hiring David Boies, the lawyer who beat Microsoft in an antitrust case in 2000.

The software company filed a federal lawsuit May 29 in Seattle, marking the latest legal flurry over an ongoing Internal Revenue Service audit. At issue are “tens of billions of dollars” in corporate income, according to the IRS.

Microsoft is asking a court to enforce its public-records request for documents on the government’s decision to enter into a contract with Boies Schiller & Flexner LLP in 2013.

Besides the possible return of Boies as a Microsoft adversary, the case is notable because of its size and the amount of public legal wrangling even before the IRS completes its audit. Microsoft has questioned the IRS’s decision to use outside lawyers and amend its regulations to allow non-government employees to question witnesses under oath.

May 29 12:38

IRS Admits Refunding Billions On Fake Tax Returns

Just hours after being force to admit that they were hacked (by Russians apparently) [8], an inspector general's report shows that The IRS [9]has rather remarkably continued to pay refunds on hundreds of thousands of fraudulent tax returns in recent years, and sent dozens of checks to the same addresses, including in Eastern Europe and elsewhere. While some progress has been made, $2.3 billion of real US taxpayer's money was wrongfully refunded to fake US taxpayers... but with this new cyber-attack, we suspect that number will soar.

May 28 11:45

Only Dirty Deeds Recorders Like Kent County DE's Betty Lou McKenna Restrict Media Access and Cameras.

Monday, May 18, 2015
KingCast and Mortgage Movies See Kent County Delaware Register of Deeds Betty Lou McKenna, Holly Malone and Attorney John Pardee Attempt to Truncate Discovery with Bullshit Dispositive Motions.

Media. Just like KIRO 7 only smaller.
Access, because it is Constitutional.
This is simple stuff, folks.

Today's email to Counsel for Defendants:
Good Day Counselors and media,

I. Offer of Proof Video in Production.

I left the Bat Cave this afternoon to document that which common sense tells us. If you don't get it now you never will. Fortunately Jon Scherer, Recording Manager of King County gets it.Stay tuned for the video link and the Court filing.

II.
Voluntary Dismissal of Negligent and Intentional Emotional Distress Claim.
That is self-explanatory. Document and Proposed order forthcoming.

III. Modification to Motion for Partial Summary Judgment.

May 27 08:41

Marines land at New Jersey school as crowd cheers simulated invasion

As parents, teachers, and students looked on with joy, Marines from the Special-Purpose Marine Air Ground Task Force landed helicopters on the baseball diamond of a New Jersey school.

May 27 07:27

Hackers Gained Access To Old Tax Returns For 100,000 Taxpayers On IRS Web Site

The IRS announced today that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through IRS’ “Get Transcript” application. This data included Social Security information, date of birth and street address.

Webmaster's Commentary: 

It is now being reported that the hackers used the stolen information to file false amended tax returns generating about $50 million in bogus "refunds."

May 25 11:11

A Poem On War

Beyond the count of years I walked the world,

and my children built their shrines to me.

Decades and centuries and millennia pass,

and still the shrines are built.

Temples insubstantial to men,

clear to my eyes.

No foundations or walls or roofs,

but shrines nonetheless.

Holy ground, consecrated

Today, every day, somewhere in the world,

the earth is prepared for my coming.

My hallowed grounds are everywhere.

In valleys and on mountains,

on broad plains and deep in hidden passes,

in deserts, on city streets.

Nameless, unremembered places.

May 21 13:52

U.S. Magistrate Michael Merz in Hot Seat for Ignoring RICO Portions of SLORP BoA Fraudulent Foreclosure Appellate Decision.

Thursday, May 21, 2015
KingCast and Mortgage Movies See Magistrate Merz in Dereliction of Duty in Busby Foreclosure Case by Ignoring Binding Case Law of Slorp v. Lerner, BoA & MERS.

May 20 07:50

House Bill Would Limit Taxpayer-Funded Benefits to Ex-Presidents

Last year, U.S. taxpayers paid $470,000 in pensions and benefits to former president Jimmy Carter, who left office in 1981.

George H.W. Bush received $837,000. He left office in 1989.

Bill Clinton received $950,000 in pensions and benefits, and George W. Bush got $1.3 million.

In all, U.S. taxpayers paid $3.5 million last year in pensions and benefits to the four living former presidents.

All four former presidents are millionaires, so why do they continue to receive such astronomical benefits - at the expense of taxpayers (many of whom are struggling to survive)?

May 18 09:26

The dire ObamaCare threat to New York’s hospitals

The bottom line of Stringer’s report: Thanks to the Affordable Care Act, aka ObamaCare, Uncle Sam will cut more than $800 million in payments to the city’s Health and Hospitals Corp, by Fiscal Year 2019.

The president’s signature law slashes federal payments that long helped out hospitals serving lots of patients who lack insurance. The idea was that the law would boost coverage so dramatically the aid would be unnecessary.

Except that illegal immigrants don’t qualify for ObamaCare coverage — and they make up a big chunk of the city’s uninsured population.

May 16 13:17

Living Free Without Permission: “Building Without a Permit, Driving Without a License”

Everyone wants to live free, but few actually walk the walk and stand up for their rights.

Read more at SHTFplan.com

May 15 12:35

PUBLIC PRESSURE FORCES IRS TO GIVE BACK MONEY TO CIVIL FORFEITURE VICTIM [VIDEO]

After publicly humiliating the Internal Revenue Service, a North Carolina man received more than $100,000 from the agency. Lyndon McLellan had the bank account for his convenience store seized by the IRS, and at first he wasn’t even sure why. The agency used civil asset forfeiture laws to take McLellan’s money without convicting or charging him of a crime.

May 14 17:28

New investigation of IRS Obamacare fraud announced by Senate

Sen. Rob Portman (R-Ohio), the chairman of the Senate's Permanent Subcommittee on Investigations (PSI), notified the HHS secretary, Sylvia Burwell, that his PSI has launched an investigation into the alleged mismanagement of the so-called Obamacare exchanges. Portman's letter to Burwell noted his concerns over reported incidents of fraudulent information being processed in order to calculate healthcare subsidies. It is believed the process has been unfair to those Americans who bought insurance through the numerous exchanges and that taxpayer dollars are being misappropriated, such as illegal aliens having completely free healthcare coverage.

May 14 11:50

G Edward Griffin ? The Capitalist Conspiracy

It is a matter of record that the greatest help to international communism has come from within the United States. Why have some of the richest people in the United States, within and outside of government, aligned themselves with leftist policies that would appear to be the path to their own destruction?

May 14 09:52

Pressure from above, pressure from below

Listen real close People! Simple and Concise!They have been using these tactics against the People forever.

Using the opposition to get your way
How it works...

The Hegelian Dialectic is a philosophical approach that in principle explains how human beings progress toward a better and more egalitarian condition but in practice provides the power elite with a strategy for controlling society.

Georg Wilhelm Friedrich Hegel (August 27, 1770 -- November 14, 1831) was among the most consequential philosophers of the Age of Enlightenment. His was heavily influenced by Plato, whose social ideal was rule by an elite composed of philosopher-kings. Though Hegel may not have intended to provide a Platonic methodology for the modern-day control of the many by the few, that is how his insights have been used.

May 13 15:03

FEDS COLLECT RECORD $1,891,601,000,000 IN TAXES THROUGH APRL

Inflation-adjusted federal tax revenues hit a record $1,891,601,000,000 for the first seven months of the fiscal year this April, but the federal government still ran a $282,766,000,000 deficit during that time, according to the latest Monthly Treasury Statement.

May 12 18:05

What Does U.S. Treasury Do With Vaccine Excise Taxes It Collects?

By Catherine J. Frompovich

Earlier this year I started to research what’s known as the “Vaccine Injury Trust Fund,” a “stash” of cash collected on every vaccine sold and given to children and adults in the USA.

That Trust Fund is “financed” by a $0.75 excise tax on each vaccine active recommended by the U.S. Centers for Disease Control and Prevention. On multi-valent vaccines, i.e., those containing more than one disease active e.g., trivalent vaccines like MMR, DTaP, etc., then 75 cents is paid for each valent, or a total of $2.25 for a 3-valent vaccine.

Now, here’s an interesting aspect: The U.S. Department of Treasury collects those excise taxes and also manages the Trust Fund’s investments. Investments? Sounds like there should be quite a stash in that Trust Fund portfolio...

May 11 12:50

The secretive Bank of England

Well before the conflict for establishing a National Bank in America or the eventual surrender to the money changers with the betrayal in instituting the Federal Reserve, the history of the Bank of England needs to be studied. Relying on British historians may seem to invoke a cultural bias; however, the range and wealth of information on this topic comes from an earlier age. Further research will expand this understanding and many of the sources cited can fulfill this objective.

May 11 00:02

Two years later, IRS probes drag on

xactly two years after the IRS first admitted improperly scrutinizing Tea Party groups, congressional investigations into the tax agency show no sign of drawing to a close anytime soon.

May 10 12:50

Apple could be liable for $19bn says JP Morgan

Apple could see its annual earnings reduced by almost 10pc in a worst case scenario if a European Commission investigation into the company's tax arrangements in Ireland goes against it, it's been claimed.

May 10 09:49

CA Politicians Reach Into Transportation Funds, Ignore Crumbling Infrastructure

Before assuming that that the Sacramento politicians are justified in seeking to dig deeper into drivers’ wallets, it is important to point out that billions in transportation tax dollars have been spent on other programs. State government has been diverting a billion dollars a year in annual truck weight fees to pay debt service on general obligation bonds and another $100 million annually in gas tax revenues to the general fund.

May 10 01:15

Nearly half of states expect to confront big budget gaps

With the nation’s economy at its healthiest since the Great Recession, a surprising trend is emerging among the states – large budget gaps.

May 08 08:41

IRS shocks federal judges with statement on targeting conservatives

According to critics of the Obama administration and the IRS, Americans must endure one of the most progressive and intrusive tax-collecting systems in the world. "It appears that the IRS which is supposed to be non-political has been turned into a 'sword' against anyone who dares to disagree with Obama's radical agenda," claims political strategist Mike Baker. "And while the IRS mercilessly pursues average Americans, they permit tax cheats such as Rev. Al Sharpton, who owes the IRS at least $4 million in taxes, to have access to the Obama White House and other parts of the administration. It's believed he's being let off because he has a TV show on MSNBC on which he echoes the Obama White House propaganda and talking points" Baker alleges.

May 07 13:19

Feds collect record $472 billion in taxes in just one month

The federal government set a record tax haul in April, taking in nearly a half-trillion dollars in one month alone, according to Congressional Budget Office statistics released Thursday.

May 06 09:04

Clintons use loophole to dodge tax they tried to hike

Seems like a classic case of "taxes for thee, but not for me" and good old-fashioned hypocrisy.

May 06 08:04

McDonald's 'has avoided paying £658million tax in Europe after moving European headquarters to Switzerland': Fast food giant risks millions in back payments

Fast food giant McDonald's could be the latest American blue-chip company to face allegations it avoiding paying taxes in Europe.

Trade unions have complained to the EU competition commissioner that the burger chain avoided paying more than £658million in corporate taxes between 2009 and 2013.

If proven the claims are set to spark another furious backlash against large US companies which rake in millions of pounds of sales in Britain and Europe without paying the same level of taxes as home-grown rivals.

May 05 23:14

Government Using Subprime Mortgages to Pump Housing Recovery – Taxpayers will Pay Again

It seems hard to believe, but your government is purposely recreating the mortgage debacle of 2007 and putting you on the hook for the billions in losses coming down the road. In their frantic effort to generate the appearance of economic recovery they are willing to gamble with taxpayer’s money while luring unsuspecting blue collar folks into buying houses they can’t afford.

May 05 08:09

IRS seizes rural convenience store owner’s career savings in another horrible abuse of civil forfeiture

“Your client needs to resolve this or litigate it,” Mr. West wrote. “But publicity about it doesn’t help. It just ratchets up feelings in the agency.” He concluded with a settlement offer in which the government would keep half the money.

May 04 19:53

Secrecy Over TPP Fuels Growing Opposition in Congress

The back-room push for the corporate-friendly Trans-Pacific Partnership (TPP) trade pact may be backfiring on its supporters, as more and more lawmakers in U.S. Congress drop their interest in the deal over its extreme secrecy.

Only members of the House and Senate are currently allowed to view the text of the deal, and even they are forbidden from discussing what it contains. As a new report from Politico published Monday details, "If you’re a member who wants to read the text, you’ve got to go to a room in the basement of the Capitol Visitor Center and be handed it one section at a time, watched over as you read, and forced to hand over any notes you make before leaving."

May 04 09:12

ENDANGERED SPECIES: THE SELF-EMPLOYED MIDDLE CLASS

Being self-employed (i.e. owning your own small business that does not require employees) is an integral part of the American Dream. Many start out dreaming of a corner office in Corporate America, but as they move up the ladder, many become disillusioned by the process and the goal: do I really want to spend my life making big-shots even wealthier?

May 03 11:47

New World Order

This website,Whatreallyhappened is mentioned and linked as a good source of truth.
Great article and links for newbies and alternative news vets alike!

The New World Order is upon us. As amazing as it may seem, we are living in the Last Days. The world is quickly uniting into a One World government, economy, religion and cashless society; under the control of The Council On Foreign Relations (CFR), the United Nations (UN), The International Monetary Fund (IMF), World Bank, Bilderberg Group and the Trilateral Commission. All of these visible organizations are the vehicles by which the Illuminati control the world.

Here is an excellent explanation from eye-opening author Henry Makow concerning who the Illuminati are . . .

May 02 18:26

IRS seizes $107,000 from innocent small business, despite recent policy changes

Fairmont, N.C. — Lyndon McLellan has spent more than a decade running L&M Convenience Mart, a gas station, restaurant and convenience store in rural Fairmont, North Carolina. Then, almost one year ago, agents from the IRS came to the store and announced that they had seized his entire bank account, totaling more than $107,000.

May 02 11:13

First Amendment Skirmish with Former Federal Magistrate Monica Benton in Pooley v. Quality Loan Lost Note Foreclosure Case.

Friday, May 1, 2015

KingCast, Mortgage Movies, Malcolm X and Martin Luther King See Judge Monica Benton Uphold the First Amendment in Lost Note Case of Pooley v. Quality Loan Servicing Corporation & McCarthy Holthus.

I'm going to get to the specifics and substance of the case soon, and it involves a purportedly lost Note with a date uncertain for when an indorsement was issued on it, but for now you need to know that my First Amendment Rights as a Citizen, as a Journalist, and as a Citizen Journalist were somewhat imperiled today when I was called back into Honorable Monica Benton's Judicial Chambers where the following colloquy ensued:

"What are your credentials?"

Apr 30 14:16

Billionaire Hypocrisy: George Soros May Owe $7 Billion In Taxes

George Soros may owe some $6.7 billion in taxes Bloomberg says, noting that despite the billionaire's call to increase taxes on the wealthy, his fund has employed a loophole that allowed for the deferral of taxes on management fees the reinvestment of which has generated billions in returns.

Apr 29 09:50

IRS tells woman that she’s legally dead

Benjamin Franklin once wrote, “In this world nothing can be said to be certain, except death and taxes.” Those famous words came to mind after I spoke with Sarah Jewell, 25, from Sparta. Like most hardworking Americans, the pharmacy technician filed her tax return in February. However, instead of a refund, the IRS sent her a letter that said she was dead.

The letter read “that my Social Security number was coming up that I was deceased,” Jewell said. It just about took her breath away when she found out she’s dead. Obviously, the problem is that she’s still alive.

Apr 28 07:19

IRS Seeks To Tax $50k Raised From GoFundMe For Cancer Treatment For Car Crash Victim

In the last two years, Casey has traveled to Maryland and Louisiana for treatment, and received chemotherapy and radiation here in Omaha as well. So far, efforts to find ‘Casey’s Cure’ have shown little progress; the cancer is still there. ...

Just weeks ago, Casey and her family began a new battle. “Two years later, we get a letter saying we owed like $20,000 in taxes,” said Casey. March 30, 2015, the IRS notified the Charfs that what they’d collected through the GoFundMe account should’ve been claimed as income. Of the nearly $50,000 the government wants $15,457 in back taxes, and another $3,676 in penalties and interest. In total, the letter indicates the Charfs owe the IRS $19,133 by April 29th. “We've already used that money for my doctors’ bills and everything that I've needed,” said Casey. “It's donations, it's not income. So how can they tax you on that? I don't get it.”

Apr 28 05:08

Censorship at Southampton University - An Analysis by Lawrence Davidson

Actually, as long as Israel insists on being “a Jewish state” instead of a democratic state of all its citizens, it must walk the path of apartheid. And, it can only get away with that through successfully maintaining an exceptional status - a status that puts it above international law.

Apr 27 11:08

IRS attacks conservative groups but silent on Clinton Foundation

In the midst of the news media coverage of the Hillary Clinton emails, her private Internet server, her thumbing her nose at government regulations and allegations that her and her husband's "charity" was involved in shady deals, no one except for public-interest groups is asking about an Internal Revenue Service (IRS) investigation. There are several allegations that the Clinton Foundation is nothing more than a sophisticated and elaborate political slush fund, according to news stories on Monday.

More than one group that was targeted by the IRS for daring to be conservative believes that if there ever was an organization that should be investigated and audited by the IRS it's the Clinton Foundation. The Clintons possess a talent for making incriminating documents disappear and Americans are warned to not hold their breath waiting for the IRS or the Justice Department investigate the Clintons and their arguably corrupt foundation.

Apr 26 07:46

Obamacare: AMAC Says The ‘Silence is Deafening’ As We Await Its Fate

“You don’t hear many people talking about the Affordable Care Act these days. It appears interest in Obamacare has dwindled to perhaps its lowest level in the five years since Obamacare was born in 2010. Is it because opponents and proponents of the law are holding their collective breath in anticipation? There’s a lot at stake. If the justices rule that federal subsidies are legit, it’ll be business as usual but if they deny subsidies it will be a devastating blow to the law as it stands,” Weber said.

But the fact is that, behind the scenes, the new Congress has been working on a “course correction” that has its origins well before the enactment of Obamacare.

Webmaster's Commentary: 

Apr 24 13:11

Maui Foreclosures Allowed by Judge Peter T. Cahill Without Proof of Standing or HRS §667-17 Compliance.

Friday, April 17, 2015

KingCast and Mortgage Movies Present: Trouble in Paradise -- Maui Foreclosures Allowed by Judge Peter T. Cahill Without Proof of Standing or HRS §667-17 Compliance.

24 April 2014 -- First video coming today. Wells Fargo responded after I outed them and counsel for reading my email with proof that all of them had read my inquiry but had not yet responded. Query, what percentage of the homes valued over $500K received a loan mod.... when the stakes get high the banksters for the the gold.

Hello Mr. King,

Apr 23 11:55

Bastrop County, Texas Residents Oppose Jade Helm

Officials with JADE HELM 15, as the training is called, will lay out details of their months-long training to commissioners at their Monday, April 27 Commissioner Court meeting. Officials say the training, which will be held in Bastrop County from July 15 to Sept. 15, will develop techniques and tactics needed by the military to defend U.S. interests around the globe.

Apr 23 08:24

House Report: IRS ‘Deliberately’ Cut Customer Service to Make Tax Season Painful for Taxpayers

During the 2015 tax-filing season, the IRS provided what its own Commissioner described as “abysmal” customer service, blaming skyrocketing wait times for telephone and in-person assistance on agency budget cuts. The IRS even called budget cuts “a tax cut for tax cheats.” But a close review of the agency’s spending shows the IRS deliberately cut $134 million in funding for customer service to pay for other activities. Spending decisions entirely under the IRS’s control led to 16 million fewer taxpayers receiving IRS assistance this filling season. Other spending choices, including prioritizing employee bonuses...

Apr 23 08:15

Tax dodger, wife might be on lam

A Coquille pastor and his wife may be on the run from federal authorities who want to see them imprisoned in a $1.2 million tax evasion case.

Two federal judges on Wednesday issued arrest warrants for Ronald and ­Dorothea ­Joling after they failed to show up for ­scheduled court appearances in Eugene on Wednesday.

Attorneys for the couple told Chief U.S. District Judge Ann Aiken that they had no ­information regarding the Jolings’ whereabouts. Aiken had been scheduled to make sentencing decisions in the couple’s case.

Instead, she issued warrants for their ­arrests.

Apr 21 08:41

Ethics Professor Says It’s “Quite Reasonable” to Kill Disabled Babies via Obamacare

A professor at the highly esteemed Princeton University doesn’t want his Obamacare premiums to increase because of caring for severely disabled babies. Dr. Pete Singer, who teaches ethics (but perhaps needs a little refresher on what the word “ethics” means) argued during a radio interview on Sunday that America should be more accepting of “intentionally ending the lives of severely disabled infants.”

Apr 21 08:12

Ethics Professor says it’s “quite reasonable” to kill disabled babies via Obamacare

America should be more accepting of “intentionally ending the lives of severely disabled babies according to an Ethics Professor.

Apr 20 14:15

Australia enforces $15K tax penalty for parents who don’t vaccinate

Australia just announced a shocking and historic reform affecting parents who are concerned about vaccinating their children

Apr 18 06:49

Former IMF President, Bank-Bailout-Fiasco President, and VP of Spain, Long Untouchable by the Law – Suddenly Gets Crushed

The week has not been kind to Rodrigo Rato, the embattled former vice-president of Spain, former president of the IMF, and former president of ongoing bank-bailout-fiasco Bankia. First the Spanish news website Voz Populi reported that he was under police investigation for tax fraud, money laundering and embezzlement. That was on Tuesday.

Apr 17 14:06

Obama Likely to Veto Republicans’ Estate Tax Repeal Bill

The White House on Tuesday said Democratic President Barack Obama’s advisers would recommend that he veto a pending Republican-authored bill to repeal the estate tax.

Apr 17 07:46

The Japanese Took Over The US Debt

China No Longer Top Foreign Owner of U.S. Debt
Japan now holds more U.S. debt than China, China is selling, Japan buying, both lag behind the Fed

Before the end of February, as per information discharged yesterday by the U.S. Treasury, elements in Mainland China had surrendered their position as the top proprietors of U.S. government obligation.

http://whatisusa.info/the-japanese-took-over-the-us-debt/

Apr 17 07:44

VIDEO: Abolish Cash? Austerity? How About A Solution That Actually Benefits The 99%!

There seems to be a resurgence of cries from all quarters to abolish cash. In fact, this is merely the effect of talking points, generated by the inexorable Agenda of the 1%. Don't be fooled: if you think it is hard to protect privacy now, it is near impossible in a cashless society...

Apr 17 00:10

The Japanese Took Over The US Debt

China No Longer Top Foreign Owner of U.S. Debt.

Japan now holds more U.S. debt than China, China is selling, Japan buying, both lag behind the Fed

Before the end of February, as per information discharged yesterday by the U.S. Treasury, elements in Mainland China had surrendered their position as the top proprietors of U.S. government obligation.

http://whatisusa.info/the-japanese-took-over-the-us-debt/

Apr 16 13:16

Frustration continues with aggressive tax-refund seizures

More than 77 million American have received tax refunds -- but others may not be so lucky.

CBS News has been investigating complaints that refunds are being seized by the government without notice.

Apr 16 08:58

Two Suicides at the Capitol – Both Said “Tax The 1%”

Two years ago, a 57-yr old veteran killed himself, right before our eyes, at the capitol, wearing a sign that read “Tax the 1%.” Yet no one in the media blinked an eye. No one even asked who he was or why he killed himself.

Four days ago, a 22-yr old man killed himself, at the capitol, with the same sign attached to his hand. Yet nothing in the mainstream media. No one made the connection – no acknowledgement of this trend.

How many others must take their lives, at the altar of this grisly system, before Americans “get” the message that these men tried to send?

Apr 15 14:18

7 GIFS To Explain Why We Need Tax Reform

To mark Tax Day, we compiled some of the most unbelievable facts about America's broken tax system

Apr 15 09:53

NY Times: Would You Let The IRS Prepare Your Taxes?

Around this time every year, Joseph Bankman, a professor of tax law at Stanford Law School and a longtime advocate of using technology to simplify tax filing, gets on the phone with reporters to explain what is wrong with how we do our taxes in the United States. Every year he says pretty much the same thing: No other industrialized country asks its citizens to jump through as many hoops to calculate their taxes as ours.

It isn’t just lawmakers or the hapless-seeming Internal Revenue Service that is perpetuating the annoyance of tax time, he adds. Instead it is the private sector — specifically, the software company Intuit, which makes TurboTax, the most popular tax program in the country.

For more than a decade, Mr. Bankman and a small group of tax experts have called on the government to create a tax preparation method that they say would vastly reduce the time and cost of tax-filing for most people. Intuit has been a primary obstacle to the effort.

Apr 15 09:22

Joe Bannisters Lawyer Warns Non-Filers 'You Risk Going To Jail- Be Prepared To Lose Everything You Have'

Jeff Dickstein, the lawyer who successfully represented former IRS enforcement officer Joe Bannister in court, has some advice for potential non tax filers; Joe Bannister also discusses how his Catholic faith helped him through his fight with the IRS and the future of the tax freedom movement.

Q. "You represented Joe Bannister who was acquitted of charges. If the average American were to watch Freedom to Fascism and they decide they don't want to file their income tax, what would you say to that? What would you recommend such a person do?

Apr 15 08:15

Taxman -- George Harrison and Eric Clapton (live)

Apr 15 08:01

America : Freedom to Fascism

Webmaster's Commentary: 

Time to watch this again!

Apr 15 08:00

World Premiere of Loopholes, A Pain In The I.R.S.

Tonight is the world premiere of Loopholes, A Pain In The I.R.S. at the Hudson Mainstage Theatre in Hollywood, Calijfornia

Apr 14 15:18

The Grace Commission

"all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from their government"

Apr 14 13:59

Hillary Clinton – the ‘Liberal’ Puppet for War

Hillary Clinton this week launched her bid for the US presidential elections in 2016.

Clinton’s Republican rivals or would-be rivals immediately fired the brickbats, accusing the 67-year-old former First Lady of being a «Washington insider» and the «embodiment of all that is wrong» in US politics.

Hillary Rodham Clinton is lambasted by Republicans as a «liberal».

Whether described as «liberal», «conservative» or «hawk» – all American presidential candidates are the same in practice. Puppets for sale.

The unintended irony of Clinton’s Republican detractors, who include rabid rightwing Senators Marco Rubio and Ted Cruz, as well as the maverick Senator Rand Paul, is that every single one of them will have to spend similar amounts of cash in their anticipated presidential campaigns.

Apr 14 11:49

Republicans Push $269 Billion Handout For Millionaire Heirs And Heiresses

House Republicans this week will vote to hand the heirs and heiresses of America's largest fortunes a $269 billion tax break by repealing the federal inheritance tax.

The legislation would shield the very richest families from taxes on the fortunes they inherit. After years of GOP attacks on the inheritance tax, also known as the estate tax, only a few thousand of the wealthiest families are subjected to it -- 4,700 total in 2013, according to the Joint Committee on Taxation. Only individual fortunes worth over $5.43 million can be taxed under current law, an amount that doubles to $10.86 million for wealthy couples. The Republican proposal would eliminate all of these estates -- which are over 15,700 percent richer than the median American household -- from taxation.

Apr 14 07:20

The Obama Family Paid 93,362 Dollars In Federal Taxes In 2014

United States President Barack Obama and his wife Michelle paid 93,362 dollars in taxes for the year 2014 on revenue of more than $477,000, according to the White House. Its effective tax rate was 19.6%, shows the document published Friday.

http://whatisusa.info/the-obama-family-paid-93362-dollars-in-federal-t...

Apr 13 22:08

The Obama Family Paid 93,362 Dollars In Federal Taxes In 2014

United States President Barack Obama and his wife Michelle paid 93,362 dollars in taxes for the year 2014 on revenue of more than $477,000, according to the White House. Its effective tax rate was 19.6%, shows the document published Friday.

http://whatisusa.info/the-obama-family-paid-93362-dollars-in-federal-t...

Apr 13 10:25

The Middle Class “Wealth Tax”

The Alternative Minimum Tax (AMT) was supposedly “fixed” in 2012, and yet it’s still harming many middle class families because the “wealth tax” was actually simplified or eliminated.

Apr 12 08:03

Chicago Commuter Rail gets $3M Federal grant to ease congestion

This grant was announced by Dan Lipinski and Mike Quigley, U.S. Reps along with Dick Durbin, U.S. Sen. on Friday.

The grant will help the Illinois Department of Transportation in developing a plan for the improvement of efficiency of these commuter rail lines.

(*The grant comes suspiciously soon after the suspicious Rahm Emanuel win over challenger Jesus "Chuy" Garcia , for Chicago's Mayoral Position)

Apr 10 23:00

Wall Street’s Stealth Tax Break

A tax break that could be the biggest in America is essentially hidden from view. The break on stock market losses flies under the radar, unseen and uncounted, shifting up to 39.6 percent (the top marginal rate) of investment losses onto the U.S. Treasury.

Apr 10 12:56

Sens. McCain and Levin urged IRS to target Tea Party, conservative groups

Government documents obtained by a top "Inside the Beltway" watchdog group and released on Thursday reveal that Internal Revenue Service's Lois Lerner was strongly urged by Sen. Carl Levin, D-Michigan, and Sen. John McCain, R-Arizona, her assistance in attacking certain non-profit political groups. The organizations they selected for targeting by Lerner were part of the Tea Party and conservative movements.
Newly released documents revealed that Sen. Levin (left) and Sen. McCain both urged the IRS to target conservative groups in the wake of the Citizens United decision.

The group that investigates and exposes government corruption, Judicial Watch, released newly acquired IRS documents, including an email from Ms. Lerner in February 2012 requesting she “put together some training points to help them [IRS staffers] understand the potential pitfalls of revealing too much information to Congress."

Apr 10 06:50

Press Release - Tax Day - We Refuse to Pay for War and Weapons

“Dear IRS”
We Refuse to Pay for War and Weapons

“We cannot in conscience pay for the killing of other human beings or pay for war and preparations for war.”

“I have not included a check for the amount I still owe for 2014, about half of my total income tax bill. I do not voluntarily pay for government programs that involve killing human beings or requiring them to kill others.”

"As I calculate my total taxes ‘owed’ I like to dream about how the money will be used. Instead of paying for drones or bombs I am paying to ensure that everyone has access to basic needs and the tools needed to succeed in our community."

As April 15, tax day, approaches, thousands of individuals — like David and Jan Hartsough, Elizabeth Boardman, and Ari Rosenberg quoted above — sit down and write letters to the IRS, Congresspeople, the President, newspapers, blogs, and friends and family explaining why they protest war with their taxes.

Apr 10 04:55

Scott Walker's trip to Great Britain cost taxpayers $138,200

— On the eve of another foreign trip, Gov. Scott Walker's administration disclosed Thursday that Wisconsin taxpayers paid $138,200 for his February trip to Great Britain — a trade mission laden with political overtones from his likely 2016 presidential bid.

The Wisconsin Economic Development Corp., which organized the six-day trip to England, laid out the costs in response to a request from the Milwaukee Journal Sentinel, doing so a day before another taxpayer-funded, weeklong European trip that Walker is taking as he seeks to boost his foreign policy credentials.

(*Things will be way different , once he gets in !)

Apr 08 12:43

IRS Workers Are Miserable and Overwhelmed

Webmaster's Commentary: 

Good. Now they know how WE feel!

Apr 08 06:41

A standard dejection in the IRS help line

Andrew Concha came out into the hall holding a purple sign. He checked his watch — 11:04 a.m. — then calculated how many people could be seen before the Taxpayer Assistance Center closed at 4:30 p.m. He placed the sign behind the 17th customer, signaling to the other 30 or so in line that their chance of seeing a specialist that day was slim.

“I’m not technically turning them away yet,” Concha explained. “I’m letting them know it may not be in their interest to wait three to four hours to see someone.”

With Tax Day approaching, it was the best the IRS could offer.

Webmaster's Commentary: 

Taxes are obfuscated and confusing to conceal the special exemptions for the rich, and to distract people from wondering if in fact a direct non-apportioned tax on the people is even legal to begin with.

Apr 06 08:13

The IRS and Congress Both Hold Our Liberty in Contempt

This week the Justice Department announced it would not charge former Internal Revenue Service (IRS) official Lois Lerner with contempt of Congress. Some members of Congress requested that Lerner be charged with contempt after she refused to testify at a congressional hearing investigating her role in denying or delaying the applications for tax-exempt status of "tea party" and pro-limited government organizations.

Apr 06 07:18

Danny Alexander accuses David Cameron of 'breathtaking hypocrisy'

Mr Alexander said it was hypocritical for the Conservatives to claim responsibility for raising the threshold at which people pay tax, while privately arguing for tax cuts for the better off.

Apr 05 08:35

Tories plan to cut tax for millionaires further - while average families are £1,100 worse off

George Osborne’s tax giveaway for millionaires has saved them an astonishing £85,000 each – while the average family has been left £1,100 a year worse off.

The out-of-touch Chancellor’s ­decision to slash the top rate of tax from 50p to 45p since 2013 means high-rollers on seven-figure salaries have seen their take-home pay swell.

But Labour analysis of figures from the HMRC shows changes in a series of areas since 2010 mean the average household in Britain is now almost £100 worse off every month.

Apr 03 16:38

A Minute with Federal Counsel in Meyer v. U.S. Bank. Bankruptcy/Foreclosure Appeal

Friday, April 3, 2015

A KingCast/Mortgage Movies Minute with Federal Counsel in Meyer v. U.S. Bank.

U.S. Bank et al. got smacked in the Bankruptcy Court and now appeals. Plaintiff/Appellee Attorney Richard Jones asks "If I provide documents to this Court which contained material misrepresentations, would this Court let me off the hook?"

Judge Martinez:
"At what point does the Magistrate have an affirmative duty to investigate the veracity of these documents that are put before it?"

Richard Jones, Esq.:"Under the Deed of Trust Act strict compliance is required. Substantial compliance is insufficient. The problem Judge Overstreet was facing is NWTS did not even have procedure to investigate. That is material and goes to the Public Impact -- they were flying blind" (as admitted by Jeff Stenman -- see Ha Dao Jeff Stenman videos at Affordable Video Depo).

Judge Martinez:

Apr 03 13:35

Ex-IRS ethics office lawyer disbarred for... ethics violations

lawyer disbarred for … ethics violations

Apr 03 11:42

More Unofficial Capital Controls: PFIC Rules

By Nick Giambruno, Senior Editor
Casey Research

It ranks at the very top of potential tax nightmares, especially if you invest internationally.

This nightmare could become a reality if you happen to invest in what the IRS deems a Passive Foreign Investment Company (PFIC), which are taxed at exorbitant rates and have highly complex reporting rules. Most foreign mutual funds are PFICs, as are certain foreign stocks.

It’s not illegal to invest in a PFIC, but practically speaking, the costs of doing it are so incredibly onerous that it’s prohibitively expensive in the vast majority of cases.

PFIC rules amount to unofficial restrictions on investing in certain foreign assets and are yet another indicator of the disturbing trend of creeping capital controls in the US...

Apr 03 07:19

Ex-IRS ethics office lawyer disbarred for … ethics violations

A lawyer who worked in the IRS ethics office was disbarred Thursday by the District of Columbia Court of Appeals, which concluded she misappropriated a client’s funds from a case she handled in private practice, broke a number of ethics rules and showed “reckless disregard for the truth” in misleading a disbarment panel looking into the matter.

Apr 02 18:41

Except for rich, Americans’ incomes fell last year

Most Americans’ incomes continued to fall last year, but the richest 20 percent saw theirs rise, a new Labor Department report showed Thursday. -- In fresh data that adds fire to a growing debate over income inequality, the department said that Americans on average saw income decline for the second straight year in the 12 months to June 2014.

Apr 02 16:43

What God Wants, God Gets

God wants light. God wants mayhem. God wants a clean fight. God wants peace. God wants war. God wants famine. God wants chain stories. God wants sedition. God wants sex. God wants freedom. God wants Semtex. God wants boarders. God wants crack. God wants rainfall. God wants wetbacks. God wants voodoo. God wants shrines. God wants law. God wants organized crime. God wants crusade. God wants jihad. God wants good. God wants bad.

What God wants God gets

Apr 01 08:34

IRS chief to GOP: You can't abolish us

The IRS commissioner on Tuesday brushed aside GOP proposals to abolish his agency, insisting the U.S. would have to have a tax collector one way or another.

Webmaster's Commentary: 

The arrogance is staggering. First off, the Constitution bans non-apportioned direct taxation on the people, and that provision has never been repealed. Awareness that the 16th Amendment was not actually ratified is starting to gain traction among a population now aware that the government lies about everything! When this nation was founded, taxes were collected from businesses, tariffs, and import duties, which did not require a massive bureaucracy prying into the lives of every citizen.

Yes, the IRS can be abolished (along with the personal income tax).

Mar 31 10:45

Hundreds Hope To Avoid Foreclosure

Hundreds hope to avoid home foreclosure in Wayne County

Detroit — Several hundred property owners showed up Tuesday morning at the Wayne County Treasurer’s office to meet the deadline to pay property taxes and avoid foreclosure.

Treasurer Raymond Wojtowicz is pursuing a record number of foreclosures this year and activists have called for him to enact a moratorium to prevent potentially thousands of people from losing their homes.

Mar 30 11:28

IRS plan to require tax forms for wins of $600

Casino operators in South Mississippi are coming out against an IRS proposal that would require players to file tax forms any time they win $600 or more on slot machines, keno or bingo.

The threshold currently is $1,200. Hit that amount or higher and the slot machine freezes and stays locked until the Internal Revenue Service form is complete.

Webmaster's Commentary: 

But you cannot deduct gambling losses, of course!

Mar 27 13:48

Israel to resume tax revenue transfers to the Palestinian Authority

After months of freezing tax revenue transfers as punishment for the Palestinian Authority's application to the Rome Statute, Israel announced on Friday that it will release the money to the interim government in Ramallah.

The announcement was made in a press release by the Prime Minister's Office just before sundown Friday.

This past January, Israel froze the transfer of some NIS 500 million in tax collections to the Palestinian Authority.

The move came as a protest of the formal application for membership of the International Criminal Court that was filed on Friday on behalf of the “State of Palestine.”

Mar 25 13:44

Bizarre Federal Ultimatum Could Land Innocent Woman Behind Bars

Doreen Hendrickson is a mild-mannered and demure mother of two. She seems more like someone you would see at a church picnic rather than in a jail house.

Thanks to the dirty tricks and heavy hands of the authoritarian federal government, she may be incarcerated very soon. Denied her basic rights in the court of law, Doreen Hendrickson was convicted of contempt of court on July 25, 2014.

Her tale is certainly unusual.

Doreen Hendrickson, along with her husband Pete, are libertarian activists who file tax returns in an unconventional way and encourage others to do the same. Because of this, Doreen was charged by the federal government with defying two court orders.

Mar 25 11:26

Stand Up - Claire Rivero's latest song!

Webmaster's Commentary: 

Obamacare is now five years old, millions are still uninsured, and the Obamacare-compliant policies are more expensive and provide less coverage!

Mar 25 09:25

THE MILLIONS IN EU FUNDING THE BBC TRIED TO HIDE

Over the last three years the BBC has secretly obtained millions of pounds in grants from the European Union. Licence fee payers might assume that the Corporation would have been compelled to disclose the source of this money in its annual reports, but they bear no trace of it specifically. In the latest set of accounts, for example, these funds are simply referred to as ‘other grant income’.

Mar 25 07:25

Dem senators warn Obamacare rule 'particularly harmful and disruptive'

Six Democratic senators and one independent have asked the Department of Health and Human Services to a delay a new rule that would likely force small businesses to pay more for employee health insurance under the Affordable Care Act, aka Obamacare. The senators warn that if the administration goes ahead with the change it would be "particularly harmful and disruptive" to small businesses.

Starting in 2016, the Obamacare change will require businesses that employ between 51-100 people to purchase insurance in what the government defines as the "small group market," rather than the market for large group plans. The senators warn that the change will inflate health care costs for those businesses.

Mar 24 12:04

Blood Money: These Companies and People Make Billions of Dollars From War

Despite warnings of its existence and imminent expansion, the military-industrial complex (or military-industrial-congressional complex) remains in operation today. It is an iron triangle that comprises the policy and monetary relationships which exist between legislators, national armed forces, and the arms industry that supports them. These relationships include political contributions, political approval for military spending, lobbying to support bureaucracies, and oversight of the industry.

It is a major reason we are stuck in a perpetual war.

Mar 23 12:35

Forum -- What You Really Need to Know About Foreclosure in Washington State.

Monday, March 23, 2015

KingCast and Mortgage Movies Present: Forum -- What You Really Need to Know About Foreclosure in Washington State.

Sometimes you have to redifine what winning is......This is an ongoing series sponsored by Greater Seattle attorneys and real estate professionals including, but not limited to Kreg Kendall, Michelle Darnell, Jeff Jared, Esq. and Ha Dao, Esq. Stay tuned for more information.

Mar 23 07:25

George Osborne’s Budget will threaten workers' retirement funds with 55% stealth tax

Analysts say proposals in Chancellor George Osborne’s Budget will hit not just the rich, but also those on more modest incomes.

Mr Osborne claimed a move to lower the “lifetime allowance” – the maximum that can be saved into a pension pot before a 55 per cent penal tax kicks in – from £1.25million to £1million, would affect “fewer than four per cent” of people. But experts argue that the allowance has now almost halved from £1.8million since 2010 and the tax will hit older savers who have built up their pension pots over many years.

Greg Kingston, of Suffolk Life, part of Legal & General, said: “Even a 21-year-old on the forthcoming higher minimum wage of £6.70 per hour who works a 35-hour week and puts 20 per cent of their earnings into a pension, by the time they are 67, could easily have reached this limit.”

Mar 21 09:52

Stephen King: Maine governor should 'man up and apologize'

Stephen King says Maine Gov. Paul LePage should "man up and apologize" after the governor claimed the author has moved away and doesn't pay income taxes in Maine.

LePage used his radio address this week to make his case for eliminating Maine's income tax. He said states without an income tax, such as Florida, have lured away Maine residents, including King.

King spends winters in Florida but told the Portland Press Herald (http://bit.ly/1Bb7e3i ) on Friday that he and his wife paid about $1.4 million in Maine state taxes in 2013 and figured it was about the same for 2014.

King says his foundation also gives $3 to $5 million grants annually, mostly in Maine.

Mar 20 08:21

Tax returns exiting U.K., but don’t expect it in U.S.

As tax season goes into the stretch, think of what life might be like if, well, if there wasn’t one.

What if the “madness” in March conjured only visions of college hoops, not pretax return anxiety? Imagine April 15 being just another day. And H&R Block? Poof.

That’s not likely to happen here, but it’s what the U.K. is shooting for as Britain plans to push forward a new system in which very few, if any, of the isles’ 30 million or so income-tax payers would have to file a complex annual return. In its budget plan recently submitted to Parliament, the nation’s ruling Conservative Party is looking to essentially eliminate tax returns within the next half-decade.

Mar 19 12:13

Fear of IRS Tax Audits Diminish

The announcement that Federal government’s tax-take hits all-time high as the federal government collected a record amount of taxes in fiscal year 2014, topping $3 trillion in revenue for the first time in its history, has the tax man taking a bigger bite than ever. Yet, the take that the collection bureau seems un-phased from all their scandals to put the taxpayer through their third degree audits are easing up. Why? The answer may surprise when the ledger is tallied up.

The Wall Street Journal reports, Fewer Taxpayers Are Audited Amid IRS Budget Cuts.

Mar 19 05:28

Arizona Shooting Leaves One Dead And Five Wounded, Captured Suspect

A gunman shot six people, killing at least one Wednesday morning in Mesa, Arizona.
The Police Department spokesman, Esteban Flores, told a news conference that a man of Anglo-Saxon origin with several tattoos on his body was arrested at about one o’clock, five hours after the first attack is reported.

Images captured by local media showed a man coming out of a complex of apartments and handcuffed inside a special medical white outfit used to preserve biological evidence. The suspect was transported to a local hospital.

http://whatisusa.info/arizona-shooting-leaves-one-dead-and-five-wounde...

Mar 19 04:05

Texas Senate Approves Concealed Carry Weapons In Universities

In Texas it is legal to walk down the street publicly exhibiting rifles, but is not warranted show handguns.
The Texas Senate approved on Wednesday preliminarily a bill allowing concealed carry weapons in public universities, a day after it was authorized public carrying of handguns in the state.

The bill was approved even though it has been criticized by police, students and officials from major universities in Texas.

http://whatisusa.info/texas-senate-approves-concealed-carry-weapons-in...

Mar 19 03:15

Target Will Pay 10mdd To Meet Demand For Violation Of Data

In a proposed settlement of a class action lawsuit related to a massive violation of data security agreement 2013, Target Corp agreed to pay 10 million dollars.

According to a company spokesman consulted by CBS News the proposal includes the creation of an account to pay individual victims up to $ 10,000 as compensation for damages.

http://whatisusa.info/target-will-pay-10mdd-to-meet-demand-for-violati...

Mar 18 15:36

Amnestied Illegals to Get $1.3T in Social Security, Medicare

If implemented, President Barack Obama’s executive actions granting temporary amnesty and federal benefits to nearly 4 million illegal aliens in the United States will end up costing American taxpayers about $1.3 trillion in Social Security and Medicare benefits, and about $20 billion more in retroactive tax credits, according to Robert Rector, senior research fellow for Domestic Policy Studies at the Heritage Foundation.

Mar 18 13:41

FCC Chairman Concedes Future Internet Tax Is Possible After All

Federal Communications Commission (FCC) Chairman Tom Wheeler acknowledged in congressional testimony [yesterday] that an Internet tax–which he had previously said would not be imposed–could be imposed in the future.

Mar 18 08:15

GOP budget slashes tax rates for the 1 percent, safety net for everyone else

Proposal, columnist writes, 'is based on an economic philosophy that has failed the country and its people savagely in the past and inevitably will do so again.'

Mar 18 05:42

EU calls for tracking computers in all vehicles to monitor, regulate travel

The controlling surveillance state is deepening, prying further into people's lives like a chisel carving its way through skin and bone. Governments have become opportunistic control freaks, centralizing their micromanagement powers whenever possible. Now the European Union is rolling out plans to monitor travel on all European roads, tracking drivers' mileages and time traveled per vehicle. This controlling scheme is not for surveillance alone; it's essentially a plan to tax every driver for the for the distance they travel on European roads.

Webmaster's Commentary: 

Of course, people in Europe (and the US) are already taxed for the miles they drive with taxes on gasoline and tires. The more you drive the more you pay in those existing taxes. Adding another mileage tax (along with more surveillance) means people will be less likely to go shopping, or go to a restaurant, or theater, or sporting event, or tourist destination, meaning more of those businesses will be shut down. In the long term, adding more taxes will mean less tax revenue overall.

Mar 17 13:35

DHS: Obama Amnesty May Require 3,100 New Bureaucrats, $484 Million a Year

If President Barack Obama’s immigration plan gets past a federal court injunction, and if 60 percent of illegals apply for deferred action protection under the plan, the U.S. Citizenship and Immigration Services (USCIS) agency projects that it may have to hire an additional 3,100 employees, with a total program cost of up to $484 million a year.

Mar 17 12:58

Improper Medicare-Medicaid Payments Up 20%; $77.4B in FY14

Lawless government overrun with incompetence -- Medicare and Medicaid made a combined $77.4 billion in improper payments in fiscal 2014, a 20.4 percent increase from fiscal 2013, according to data published by the Government Accountability Office and the federal paymentaccuracy.gov website.

Mar 17 09:12

ITALY, SPAIN TO FOLLOW IF GREECE EXITS EUROZONE, SAYS GREEK DEFENSE MINISTER

Panos Kammenos, Greece’s defense minister, spoke to German newspaper “Bild” on Saturday, saying his country’s leaving the euro could precede an exit by Italy and Spain, followed by Germany in the future. “If Greece explodes, Spain and Italy will be next and then at some point, Germany. We therefore need to find a way within the eurozone, but this way cannot be that the Greeks keep on having to pay,” Kammenos told Bild.

Mar 17 08:31

Stay Alert Against Fake Calls And Emails IRS

Tax scams take many different forms. Recently, the most common scams are phone calls and emails from thieves who claim to be from the IRS. They use the IRS name, logo or a fake website to try to steal your money. Also, they may try to steal your identity. Here are some tips from the IRS to help you avoid becoming a victim of these types of tax scams:

http://whatisusa.info/stay-alert-against-fake-calls-and-emails-irs/

Mar 17 08:13

“To be or not to be” part of the establishment

The immortal words uttered by Prince Hamlet as he contemplates death and suicide, applies for an entire society

Mar 17 00:41

King5 Follow Up on Safeguard/LPS Unlawful Foreclosure with Attorney Ha Dao on RCW 7.28.230(1).

Monday, March 16, 2015

KingCast and Mortgage Movies King5 Follow Up on Safeguard/LPS Unlawful Foreclosure with Attorney Ha Dao on RCW 7.28.230(1).

Life is good for Safeguard... because they are friends with the Bush family.
Just do your due diligence you'll find it.

Here is the King5 feature story from March 3, 2015

"It's a tricky business accessing property that the bank doesn't truly own, and Beal says the industry known as "property preservation" has plenty of faults. "The pressures are pretty intense," said Beal. A KING 5 Investigation shows that those pressures may be one reason behind numerous complaints filed with attorneys, housing assistance groups, and the Washington Attorney General's Office. Typically, a homeowner complains that they have not abandoned the home, yet but have been locked out or found their personal property is missing."

Says Attorney Dao:

Mar 13 05:47

France told to put HSBC private bank on trial

The prospect of HSBC’s Swiss Private Bank facing a criminal trial in France over an alleged tax-dodging scheme became more of a reality on Friday after the state prosecutor advised magistrates to proceed.

Mar 13 05:11

4 Financially Savvy Ways to Spend Your Tax Refund

It can be tempting to blow your refund as “fun money”, but here are a few financially savvy ways to spend your tax refund instead.

Mar 12 15:12

Fake IRS agents target more than 366,000 in huge tax scam

Fake IRS agents have targeted more than 366,000 people with harassing phone calls demanding payments and threatening jail as part of a huge nationwide tax scam that has cost taxpayers $15.5 million.

WEBMASTER ADDITION: That this scam is so huge tells us (along with the flood of ads for tax-assistance services) is that there is a significant portion of the US population that is in tax trouble right now. The Ferguson Judge who was notorious for sending debtors to prison is reported to be $170,000 behind in his taxes, and Al Sharpton reportedly owes millions. The system has broken down!

Mar 12 11:46

Senators Offer Plan to Close IRS Forever

Has the late, great JimTraficant’s flat sales-tax proposal outlived the former Ohio Democratic congressman and entered the legislative pipeline? This could be the case, as Senators Gerald W. “Jerry” Moran (R-Kan.) and David Alfred Perdue, Jr. (R-Ga.) have introduced a bill designed “to overhaul and simplify the American tax system.”

Mar 12 11:39

Tax Official Dies in Office, Co-Workers Don't Notice for Two Days

The man in his 60s died last Tuesday while checking tax returns, but no-one realised he was dead until Thursday.

Mar 12 10:19

‘Idle Car’ Bill in NY Pays Citizens to Record, Snitch on Drivers

(Truthstream Media.com) Environmental offenses are carrying increasingly heavy prices, as the 21st Century tends towards tightly controlled urban living.

Cities like New York are now closely monitoring the impact of human activity and assessing new fines and fees for excess. Take a new bill to regulate “idle cars,” an issue that NY Councilwoman Helen Rosenthal says “is a real environmental problem and a real public health problem” that contributes to pollution death, but is little enforced.

Rosenthal’s bill would increase fines for idling to up to $1500 for a first offense and $2000 for a second offense, while offering a cut of the money to resident snitches who record video of the offending vehicles and turn in their idling neighbors.

Read more at Truthstream Media.com

Mar 12 09:34

Senator: Don't Use Obamacare or Russian Mobsters Will Steal Your Identity

Freshman US Senator Tom Cotton is currently enjoying his 15-minutes of glorious, Republican fame after organizing the Congressional letter to Iranian leadership. But long before his heyday of mailing potentially illegal memos, Cotton had a different strategy for gaining prominence: warning the uninsured about Obamacare and the Russian mob.

Mar 11 16:05

Tax Breaks for Oligarchs – The $100 Million Manhattan Apartment with a Property Tax Rate of 0.017%

The most disingenuous and sickening type of status quo defender is the person who blames the recent expansion in wealth inequality on a “lack of skilled workers.”

Mar 10 10:04

If you use ObamaCare… Your Home & Possessions Can be Taken For Payment

Outspoken critic of Obamacare, DR. ELAINA GEORGE (BIO), to discuss the damage that Obamacare is causing as she has seen first hand being a practicing physician. The truth about Obamacare that no one will tell you is it is NOT about healthcare it is about centralized government control. Dr. George will also discuss medical cost sharing and strategies to opt out of Obamacare.

Mar 10 06:16

Hillary Clinton scandal spreads as tea party group seeks private IRS emails

One of the tea party groups targeted by the IRS asked Congress Monday to demand the private emails of some agency employees, while a top committee chairman issued a request for instant-chat messages from the EPA, as the Clinton emails scandal begins to envelop other parts of the Obama administration.

The White House, meanwhile, tried to keep the burgeoning scandal at arm’s length, with spokesman Josh Earnest acknowledging President Obama and Mrs. Clinton did email, but insisting the White House followed all record-keeping laws, and the president didn’t know Mrs. Clinton was exclusively using a private email until reports surfaced last week.

Mar 08 13:13

Britain has one of lowest petrol prices in Europe BEFORE tax but among the highest after VAT and duty is added

Ministers including Mr Osborne and his Lib Dem deputy Danny Alexander have repeatedly said the price on forecourts must fall to reflect the cheaper wholesale costs for fuel firms.

But official data released by the government shows that the pre-tax costs of petrol has fallen to just 32.4p per litre, the second lowest in all of the EU.
But tax adds another 76p per litre, making it the fifth highest behind the Netherlands, Italy, Malta and Greece.

It means tax makes up 70 per cent of the total price of a litre of fuel, the joint highest with the Netherlands.

Mar 08 12:19

The Punishment for Ignoring Obamacare Penalty Might Surprise You

Now that April 15th is on the horizon, many taxpayers are bracing themselves for the inevitable penalty that will hit them if they don’t sign up for Obamacare. It’s estimated that at least 3 million households may have to pony up 1% of their income, or $95 per adult, if they don’t have insurance; a number which is poised to expand to 2.5% for the 2016 tax year.

However, for all its bluster and intimidating language, the Affordable Care Act might not have any teeth. Recently, a tax expert writing for Forbes noticed that Obamacare, while far-reaching and burdensome in terms of what it demands from the American people, offers little to no repercussion for anyone who would be tempted to avoid it.

Mar 08 12:18

Opting Out Of The Obamacare Tax: What Happens If You Don't Pay?

Last month, the Obama administration announced that between three and six million households – about 2 to 4 % of taxpayers – would be faced with a penalty (or is it a tax?) at tax time for failing to secure “minimum essential coverage” to comply with the Affordable Care Act (ACA), sometimes referred to as Obamacare.

Webmaster's Commentary: 

Mar 08 11:08

Finally! The US is busting Israeli banks

Bank Leumi, Israel's second largest bank, admitted late last year to helping its American customers evade income taxes, hide assets, and launder their money back into the United States. The bank agreed to pay $130 million in fines to New York regulators and another $270 million to the federal government, and assist in an ongoing probe of other Israeli banks.

But I know that the FBI and SEC have known about this for decades because I personally flagged it to them in 1989

Webmaster's Commentary: 

A reminder that the rich do not in fact pay their "fair share" of taxes. Taxes are for the slaves to pay!

Mar 08 03:26

Actress Emma Thompson and her husband refuse to pay 'a penny more' in taxes until HSBC tax evaders go to jail

Greg Wise, the actor married to Oscar winner Emma Thompson, has said he and his wife will refuse to pay tax until those involved in the HSBC scandal go to prison.

Mar 05 15:43

Obama Amnesty To Grant $1.7 Billion In Taxpayer Cash To Illegals

President Barack Obama’s November amnesty will give $1.7 billion in taxpayers’ cash to illegal immigrants, according to a congressional study.

Mar 05 08:07

"There’s Going To Be Chaos" - What Is The Worst-Case Outcome Of Today's Supreme Court Obamacare Hearing

As Bloomberg also notes, a decision against the Obama administration would wipe out the tax credits that make insurance affordable for millions of people under the law. It would also leave hospitals with billions of dollars in unpaid bills and potentially cause insurance markets to collapse.

Webmaster's Commentary: 

I predict that once again Roberts will be "persuaded" to rule in favor of the White House.

Mar 05 07:37

FLASHBACK - Congress’s Obamacare Waiver

On July 30, I predicted that, even though he had no authority to do so, President Obama would waive that provision at taxpayers’ expense. On August 1, he ignobly obliged the aristocracy by decreeing we peasants give each member and staffer $5,000 or $11,000, depending on whether they want self-only or family coverage. It’s good to be king. The president’s supporters, like courtesans of old, are trying to quell a peasant uprising by denying there were any special favors. The denials ring hollow.

Mar 05 07:16

HSBC tax dodge: George Osborne squirms as he refuses to answer questions on scandal SIX times

Father Tony McSweeney chalked up a number of notable additions to his CV during a lifetime supposedly devoted to the service of children and God.

He said Mass at Norwich City Football Club at the request of its celebrity cook owner Delia Smith, and conducted the marriage of world heavyweight boxing champion Frank Bruno.

He also received the prestigious Silver Acorn for decades of ‘dedication’ to the global Scout movement and his co-authorship of its official songbook.

Last week, he even boasted of being the ‘world expert’ on organising campfire get-togethers.

But now he must add a chilling new entry to his list of achievements: he has become the first paedophile to be tried and convicted after being linked to allegations of a VIP ring based at an infamous South London guesthouse who preyed on boys from a nearby care home.

Mar 05 05:01

Homeland Security Bill Includes $13M in 'Jewish Earmarks'

Funding for the Department of Homeland Security passed by Congress Tuesday includes $13 million for security at religious and other nonprofit institutions.

The Orthodox Union, Jewish Federations of North America and Agudath Israel of America applauded the passage of the funding bill, which still needs to be signed into law by President Barack Obama. The three organizations had spearheaded efforts to get the funding for religious and nonprofit institutions approved.

Mar 04 10:03

Affidavit: First IRS Tech to Inspect Lois Lerner Hard Drive Was Blind

IRS officials initially claimed Lerner’s hard drive was irreparably damaged before it was destroyed in 2011.

But last year, investigators with the House Ways and Means Committee interviewed IRS technical experts who said the hard drive was merely scratched and not irreparable, The Hill has reported.

"The Committee was told no data was recoverable and the physical drive was recycled and potentially shredded," then-Ways and Means Committee Chairman Rep. Dave Camp said just days after Manning’s July 18 affidavit was filed, according to the Daily Caller.

"To now learn that the hard drive was only scratched, yet the IRS refused to utilize outside experts to recover the data, raises more questions about potential criminal wrong doing at the IRS."

Mar 03 08:17

WSJ: IRS Confirms Illegal Immigrants Under Obama’s Executive Action on Immigration to Receive Tax Refunds For Prior Years

The Internal Revenue Service on Monday confirmed it would allow illegal immigrants benefiting from President Barack Obama’s recent executive action to file for tax refunds for prior years, fueling an outcry from Republicans.

Mar 01 08:11

Labour's Lord Owen own goal over tax avoidance as he is ordered to repay £50,000 after investigation by HMRC

Former Labour Foreign Secretary and party donor David Owen has been exposed as having invested in a tax avoidance scheme – in a major embarrassment for Ed Miliband.

Lord Owen has been ordered to repay around £50,000 after an investigation by the tax authorities. He is a supporter of Mr Miliband and last year he gave £7,500 to the Labour party.

HMRC investigators will this month insist the 76-year-old settles within 90 days or face legal action.

Feb 28 09:52

Uninsured Ex-Sheriff Who Fought O-care Struggles To Pay Medical Bills

Former Arizona county sheriff Richard Mack, a fierce opponent of Obamacare and a leader in the "constitutional sheriff" movement, is struggling to pay his medical bills after he and his wife each faced serious illnesses. The former sheriff and his wife do not have health insurance and started a GoFundMe campaign to solicit donations from family and friends to cover the costs of their medical care.

"Because they are self-employed, they have no medical insurance and are in desperate need of our assistance," reads a note on Mack's personal website.

Webmaster's Commentary: 

Claire and I have Obamacare-compliant health insurance, and were shocked by bills from my illness a year ago our Obamacare-compliant policy says they do not have to pay! Those Obamacare policies with their sky-high deductibles are not worth the paper they are printed on!

Feb 28 09:47

IRS AUDITED AND STOPPED THOSE THAT CRITICIZED OBAMA

Email drives were not "melted down" but hidden and over 32,000 emails have now been found. IRS went after groups not supporting Obama with audits, fees, taxes or freezes so they couldn't operate.

Feb 27 07:05

Liquidation looms for insurance cooperative

An insurance cooperative created to provide health care in Iowa and Nebraska will be formally liquidated this weekend.

Iowa Insurance Commissioner Nick Gerhart said Thursday that a Polk County judge has agreed to approve the liquidation plan, which will be finalized on Saturday night.

CoOportunity is a federally funded nonprofit established to provide health care in Iowa and Nebraska. Gerhart took the cooperative over after he determined the nonprofit’s claims would exceed its available cash.

Webmaster's Commentary: 

We will see more of these. The more-costly Obamacare policies come with sky-high deductibles, which means they don't really pay that much for your health care. The costs that used to be covered by the major health insurance companies that wrote the ACA are now being shifted onto supplemental insurance programs, which are then driven into bankruptcy.

Thank you, Obamacare!

Feb 26 17:08

Jonathan Gruber fired from Mass. exchange board

Massachusetts' governor has fired Obamacare architect Jonathan Gruber from a board that oversees the state's health insurance exchange, a source confirmed to the Washington Examiner.

Gruber ignited a controversy last December when a series of videos surfaced where the Massachusetts Institute of Technology professor discussed the “stupidity of the American voter” was vital to passing the 2010 Affordable Care Act.

Feb 25 14:46

IRS will allow people to keep extra money from ObamaCare tax error7116113 87

People who received incorrect tax information from ObamaCare will be allowed to keep the extra money in their refunds and will not have to refile their taxes, the Treasury Department said Tuesday.

The Obama administration announced last week that 800,000 people signed up for ObamaCare had received incorrect tax information. Most of those people will be receiving a corrected form in the mail early next month, and are being asked to delay filing their taxes until then.

Feb 24 14:46

Some with insurance still slammed with high bills when they get sick

Stephanie and Daniel Dufek did everything they were supposed to do in building a middle-class life for themselves and their daughter. They lived modestly. They had health insurance. They saved.

"We had a normal life," Stephanie Dufek said.

Then her husband got sick.

In roughly a year, the family incurred more than $20,000 in medical bills, shattering their finances and leaving them with a tenuous hold on the life they had built.

Webmaster's Commentary: 

Tell me about it!

Thanks, Obamacare!

Feb 24 14:44

White House Economic Report Calls for Cutting Corporate Taxes

On Thursday, the White House released its “2015 Economic Report of the President,” presenting it as an argument for “middle-class economics.”

The document seeks to justify Obama’s scheme, spelled out in his most recent budget proposal, to slash corporate taxes by up to ten percentage points. The report attempts to obscure the fact that such a windfall for the corporate-financial elite will dramatically increase social inequality, claiming instead that it will “increase productivity, output and living standards.”

The document falsifies both present economic reality and the development of the US economy in the post-World War II period in order to argue for further pro-corporate “reforms.”

Feb 23 09:31

White House that promised transparency refuses to cooperate with IRS probe

The White House told Congress last week it refused to dig into its computers for emails that could shed light on what kinds of private taxpayer information the IRS shares with President Obama’s top aides, assuring Congress that the IRS will address the issue — eventually.

The tax agency has already said it doesn’t have the capability to dig out the emails in question, but the White House’s chief counsel, W. Neil Eggleston, insisted in a letter last week to House Committee on Ways and Means Chairman Paul Ryan that the IRS would try again once it finishes with the tea party-targeting scandal.

Webmaster's Commentary: 

Can't the NSA find that info quickly? If not, then they really can;t find terrorists, can they?

Feb 23 09:05

HSBC chief executive says he only put his £5million into secret Swiss bank account at centre of tax avoidance scandal 'to keep it private from his colleagues'

The chief executive of crisis-hit HSBC admitted today he put millions of pounds in a secret Swiss bank account because it was the only way to hide his huge earnings from his spying colleagues.

Feb 22 08:44

George Osborne says HSBC tax evasion prosecutions not his job

George Osborne has washed his hands of responsibility for prosecutions against people who evaded tax through HSBC Switzerland, as the government came under pressure to justify immunity deals given to those who confess to serious tax fraud.

Feb 22 08:35

800,000 HealthCare.gov Users in 37 States Received Wrong Tax Information From Government, Leading to 'Mayhem' This Tax Filing Season

About 800,000 taxpayers who enrolled in insurance policies through HealthCare.gov received erroneous tax information from the government and were urged on Friday to hold off on filing tax returns until the error could be corrected.

Feb 20 10:04

FLUSTERCLUCK! Healthcare.gov sent out 800,000 bad tax forms; Update: Officials don’t know what happened?

The Obama administration says it sent about 800,000 HealthCare.gov customers the wrong tax information, and officials are asking those consumers to delay filing their 2014 taxes. …

The errors mean that nearly 1 million people may have to wait longer to get their tax refunds this year.

Webmaster's Commentary: 


Feb 18 14:46

White House Overhypes Obamacare Enrollment, Again

Yesterday evening, not long after the official (but not actual) end of Obamacare’s open enrollment period, the White House Twitter feed posted some breaking news: “About 11.4 million Americans are signed up for private health coverage,” the tweet said, posting the information with the hashtag #ACAWorks.

It is in some ways remarkable that the White House can provide this information so quickly. Not because the information should be hard to collect, but because other similar information often eludes the administration.

As Bloomberg News health care reporter Alex Wayne noted on Twitter earlier today during a Q&A session with Health and Human Services Secretary Sylvia Matthews Burwell, the administration "still can’t tell us how many people were enrolled in Obamacare at the end of 2014."

Feb 18 10:46

Remember When Andrew Joseph Stack Flew a Plane Into a Texas IRS Building?

That was February 18, 2010. A week later, the agency's scrutiny of the Tea Party began.

Feb 18 10:20

Elimination of Public Option Threw Consumers to the Insurance Wolves

hen members of Congress caved to demands from the insurance industry and ditched their plan to establish a “public option” health plan, the lawmakers also ditched one of their favorite talking points, that a government-run plan was necessary to “keep insurers honest.”

Feb 16 14:18

Obama squeezes Americans for amnesty bonus program for illegal immigrants

Millions of illegal immigrants could get a hefty sum of taxpayers' money from the IRS thanks to part of President Barack Obama's unilateral amnesty. Many of these immigration lawbreakers, who continue to illegally live and work in the U.S., will soon be offered at least four years' worth of tax credits, according to news reports on Saturday.

Feb 16 12:48

APNewsbreak: Democrats seek relief from health law penalties

The official sign-up season for President Barack Obama's health care law may be over, but leading congressional Democrats say millions of Americans facing new tax penalties deserve a second chance.

Feb 13 08:00

HSBC leaks: Lord Fink admits he took 'vanilla' steps to reduce tax bill – and claims 'everyone' is involved in tax avoidance

The Conservatives are facing embarrassment after Lord Fink, the party’s former treasurer, admitted he had taken “vanilla, bland” steps to reduce his tax bill and claimed that “everyone” was involved in tax avoidance.

Webmaster's Commentary: 

Except the working people, who are not allowed access to these secret tax havens.

Feb 12 07:43

The Breaking HSBC Scandal Reveals UK Govt Is Chief Henchman Of The Mafia Banking System

An international collaboration of media outlets have leaked HSBC files which prove the Bank has actively sought to undermine domestic tax laws by hiding more than $100bn in Swiss bank accounts – but what is truly remarkable, it the complicity of the UK government in helping the 1% avoid paying their dues.

Sicilian mafia families have a position in their criminal organisation called the ‘consigliere’. A consigliere is an adviser or counselor to the boss, with the additional responsibility of representing the boss in important meetings both within the boss’s crime family and with other crime families. The consigliere is a close, trusted friend and confidant.

The relationship between the UK government, the HMRC and the banking sector appears to be one of consigliere – with the former providing advice and representation services for the latter, against the interests of the public.

Feb 12 07:42

Cameron 'up to his neck' in HSBC tax row after revelations a string of Tory donors held Swiss bank accounts

David Cameron was accused of being 'up to his neck' in the Swiss bank account row today, after revelations that a string of Tory donors hoarded money in the country.

Former Conservative Party Treasurer Stanley Fink and German-born car manufacturing heir Georg von Opel, who has donated six-figure sums to the Tories, are among a host of individuals who legally held accounts in Switzerland with HSBC's private bank, according to a leaked tax disc.

In a fiery Commons debate, the Prime Minister insisted 'no-one had done more' than the current government to crack down on tax avoidance.

Feb 12 07:18

‘Politicians can't be trusted to clean up HSBC’: Govt revenue chiefs grilled over tax evasion scandal

Top UK tax officials were probed by MPs on Wednesday over the recent tax evasion scandal that has engulfed British banking giant HSBC. Labour MP Austin Mitchel said Britain’s tax avoidance industry has eclipsed its tax collection industry.

Amid global controversy over HSBC's alleged involvement in industrial scale tax evasion, Her Majesty’s Revenue and Customs (HMRC) was questioned by Britain’s Public Accounts Committee (PAC).

On Sunday, it emerged HSBC's Swiss private banking arm had aided royalty, criminals, terrorists, and drug dealers in dodging taxes.

A colossal cache of files leaked to the International Consortium of Investigative Journalists (ICIJ) shed light on the banking giant's clandestine practices between 2005 and 2007. During this period, HSBC's Swiss private banking arm controlled roughly $100 billion in assets.

Files disclosing the bank’s suspect actions were leaked to HMRC in 2010.

Feb 11 12:10

Obama slams Staples, corporations for Obamacare-tied cuts: ‘Shame on them’

President Obama didn’t take kindly to Staples executives who slashed worker hours due to what they said was the need to curtail expense related to Obamacare, saying such corporations can “well afford” to pay.

Webmaster's Commentary: 

No, we CAN'T! American businesses were already hovering at the edge of collapse before ACA and the higher costs will and are driving many of them over that edge into bankruptcy and closure. Add the the fact that the Obamacare-compliant health insurance isn't worth the paper it is on which means Americans who have been forced to buy those policies are being driven into bankruptcy by the unpaid portions of their medical bills!

Washington DC and Wall Street are still laboring under the delusion that there is still vast amounts of wealth out here in the heartland and all they have to do is figure out how to scam it out of us all. But the well is dry, the barn is empty, the cookie jar has no more to give.

Feb 07 08:35

IRS Drops Attack For Six Years – No Evidence of Jurisdiction

As you can see, they dropped the attack based on the information we provided. All we provided was the “IRS” has no evidence to support their argument the constitution and code applied and there was jurisdiction. We never disputed the asserted financial information. The attacks were dropped despite the financial reports provided under threat, duress and coercion. It was thrown out for a lack of evidence proving jurisdiction. That is significant.

This doesn’t mean they always do the right thing, it doesn’t mean if you do the same thing and get the same admissions, then they will also drop their attack. They are criminals. They force people to give them money; they take what they think they are entitled to, and they are very willing to terrorize your friends, family and business associates into compliance to their whims.

Feb 06 12:44

TurboTax halts state filings amid fraud outbreak

TurboTax has turned off the ability of its software to e-file state tax returns across the USA Thursday after the company found "an increase in suspicious filings," the company said Friday.

The tax-preparation software company has found an increase in criminal activity where stolen personal data is used to file fake state returns with state authorities. This illegal act allows fraudsters to claim tax refunds from state governments.

Feb 05 13:18

IRS knowingly rehired tax cheats, other employees with ‘performance’ issues: Audit

The IRS rehired hundreds of employees who had previous records of bad performance at the agency, including 141 former employees who had botched their own tax returns, and others who had used their positions to peek at private tax information, the agency’s inspector general said in a report released Thursday.

Five IRS employees were rehired even though the agency knew they had intentionally failed to file their taxes within the last two years, Treasury Inspector General for Tax Administration J. Russell George said. Of the employees with prior problems, nearly 20 percent of them had more problems after they got re-hired.

Feb 04 11:57

Amnesty bonanza: IRS to give illegal aliens bigger tax refunds than citizens

The Obama administration will make this year's tax season more painful for some American citizens but it will be a bonanza for illegal aliens who not only broke laws sneaking into the country but also worked illegally, at least until President Barack Obama gave them special exemptions from immigration law by executive fiat. According to Internal Revenue Service (IRS) top administrator on Tuesday, illegal aliens will receive refunds that are up to twice the amount citizens will get, a literal monetary bonanza.

Feb 04 10:24

The Parasite Economy

Politicians and lawyers pretend that they are important people doing important work. But often they're important because they are parasites. They feed off others, while creating no wealth of their own.

We all complain about businesses we don't like, but because business is voluntary, every merchant must offer us something we want in order to get our money. But that's not true for politicians and their businessman cronies. They get to use government force to grab our money.

Feb 04 07:46

IRS offers extra tax refunds to illegal immigrants granted amnesty by Obama

IRS Commissioner John Koskinen confirmed Tuesday that illegal immigrants granted amnesty from deportation under President Obama’s new policies would be able to get extra refunds from the IRS for money they earned while working illegally, as long as they filed returns during those years.

Illegal immigrants who are granted the amnesty will be given official Social Security numbers, which means they can go back and amend up to three years of previous tax forms to claim the Earned Income Tax Credit, potentially claiming billions of dollars in additional payments they were ineligible for before the amnesty.

Feb 03 15:30

House votes to repeal, replace Obamacare

The House voted largely along party lines Tuesday to repeal and replace Obamacare, with Republicans vowing to satisfy midterm voters who demanded a new path forward while Democrats taunted their rivals as oblivious to the plight of the uninsured.

The 239-186 vote marked the Republican-majority Congress’ first swipe at the entire health law, cuing up a likely filibuster from Senate Democrats before President Obama can wield his veto pen.

Feb 02 18:19

Obama Tax Plan: President Goes All In on Confiscation

His tenure has already witnessed a greater accumulation of federal debt than any other time in US history. It is unsustainable based on the nation’s taxing traditions. In recent days, however, Obama has hinted at a new paradigm in federal revenue collection: confiscation.

Last week, the White House floated a proposal to levy a one-time tax on the $2 trillion in foreign earnings American corporations have overseas. The United States imposes the highest corporate income tax rate in the world. It also, unlike every major nation, taxes profits on business activities conducted completely outside the US. In essence, the US tax code follows American citizens and corporations anywhere they travel around the world.

Feb 02 12:36

Obama Budget Creates Second Death Tax

Under current law, when you inherit an asset your basis in the asset is the higher of the fair market value at the time of death or the decedent's original basis. Almost always, the fair market value is higher.

Under the Obama proposal, when you inherit an asset your basis will simply be the decedent's original basis.

Example: Dad buys a house for $10,000. He dies and leaves it to you. The fair market value on the date of death is $100,000. You sell it for $120,000. Under current law, you have a capital gain of $20,000 (sales price of $120,000 less step up in basis of $100,000). Under the Obama plan, you have a capital gain of $110,000 (sales price of $120,000 less original basis of $10,000).

Feb 02 09:14

18 Democrats join GOP to restore 40-hour work week under Obamacare

Facing withering pressure to stick with the president and block any GOP effort to change Obamacare, 18 Democrats crossed the aisle to join Republicans Thursday in replacing the 30-hour work week with the traditional 40 hours, a major boost to small businesses.

Feb 01 10:24

White House Seeks to Limit Health Law’s Tax Troubles

Obama administration officials and other supporters of the Affordable Care Act say they worry that the tax-filing season will generate new anger as uninsured consumers learn that they must pay tax penalties and as many people struggle with complex forms needed to justify tax credits they received in 2014 to pay for health insurance.

The White House has already granted some exemptions and is considering more to avoid a political firestorm.

Jan 29 15:32

Senate GOP demands Obama turn over all communications with IRS

Senate Republicans asked President Obama Thursday to turn over all communications he and his aides have had with the IRS since 2010, hoping to find out whether the tax agency shared private taxpayer information with political operatives at the White House.

The request, made in a letter obtained by The Washington Times, is signed by new Finance Chairman Orrin G. Hatch and all 13 other Republicans on the committee, and is addressed specifically to Mr. Obama, saying they want to see if his employees broke the law by acquiring or sharing private information.

Jan 29 13:08

Republicans to open February with vote to repeal Obamacare

House Republicans will kick off February with a vote to repeal Obamacare, providing new members the chance to put their opposition on the record as the party chips away at the overhaul and devises some reforms of its own.

“We will begin the month renewing our commitment to individual freedom and opportunity,” House Majority Leader Kevin McCarthy of California said Thursday in a memo previewing next week’s votes.

Webmaster's Commentary: 

Oh? and what about all the people whose expensive Obamacare compliant insurance policies didn't cover their hospital bills?

Jan 28 12:09

Democrats who wrote Obamacare tell Supreme Court to reject lawsuit

The congressional Democrats involved in writing the Affordable Care Act told the Supreme Court on Wednesday that they intended for consumers in all states to be eligible for subsidies, and they argue that the law they drafted reflects that intention.

Opponents have challenged the Obama administration’s enforcement of the law, arguing that it only allows subsidies to be paid in states that set up their own exchanges, but not to customers in most of the country who use the federal exchange.

Webmaster's Commentary: 

TRANSLATION: "Yes, it's a flustercluck, but we meant well, so leave it alone!"

Jan 28 09:15

Obama drops plan to raise taxes on ‘529’ college savings accounts

The Obama administration said it would drop a plan to tax so-called 529 college savings accounts, after the proposal sparked widespread criticism over its potential impact on the middle class.

Jan 23 09:41

TurboTax Apologizes for Bait-and-Switch, Provides $25 Refunds to Customers

Investors outraged by TurboTax’ recent change that forced them to pay 50% more for the tax preparation software: put down your pitchforks. TurboTax isn’t just apologizing, but will refund your money.

Beginning Friday, TurboTax’ maker Intuit will issue $25 refunds back to any TurboTax customer forced to buy the most expensive version of the company’s software this year after buying the less-costly Deluxe version last year. Intuit will put a link up on its Web site on Jan. 23 where TurboTax customers can claim their refund. ...

In addition to refunding $25 to affected customers, TurboTax General Manager Sasan Goodarzi is issuing a lengthy written apology to TurboTax customers for the change.

Jan 23 08:37

FATCA: “The Worst Law Nobody Has Ever Heard Of,” Part II

Some couples are reconsidering marriage plans and getting divorced due to the understandable unwillingness of non-US spouses to have their personal and financial information shared with the government of a foreign country.

Banks, particularly in Europe, are refusing services, including such basics as mortgage renewals, to “US Person” customers.

The list of abuses is lengthy.

Jan 22 13:46

BOMBSHELL: IRS Has Active Contract For MILLIONS With Company HHS FIRED Over Botched Healthcare.gov

Seven months after federal officials fired CGI Federal for its botched work on Obamacare website Healthcare.gov, the IRS awarded the same company a $4.5 million IT contract for its new Obamacare tax program.

Webmaster's Commentary: 

Adding insult to injury!

Jan 20 09:46

H&R Block: ‘No One Can Understand’ New Obamacare Tax Code

H&R Block, the nation’s largest retail tax preparation company warns that the newly released Obamacare tax code, officially called the Affordable Care Act, is likely to confuse millions of taxpayers who try to tackle their tax returns for 2014.

“Now that the Affordable Care Act has made health care a tax issue, no one can understand it,” H&R Block flatly tells taxpayers in a video that resides on its dedicated Obamacare web site.

A former IRS Commissioner agrees, and cautions that the new tax requirements will be a “shock to the system,” especially afflicting low-income earners who have never itemized on their tax return.

Jan 18 09:02

Obama’s State of the Union speech to include $320B tax hike proposal

Escalating his battle with congressional Republicans, President Obama will propose $320 billion in higher taxes in his State of the Union address, mostly by raising the rate on capital gains and closing tax loopholes for wealthier families, senior administration officials said Saturday.

Jan 18 08:28

Chief of Obamacare rollout resigns amid allegations of misconduct

The top Obama official overseeing the so-called rollout of the Affordable Care Act (ACA) of 2010, commonly called ObamaCare, has notified the administration on Friday that she his leaving her position after serving five years. Marilyn Tavenner, the Center for Medicaid and Medicare Services (CMS) administrator, said she will official vacate her office in February.

Tavenner's service included the rollout snafu in which the multi-million dollar HealthCare.gov website cause enormous problems for both the Obama administration and the Americans attempting to enroll. It also included allegations of "gaming the numbers" when it was discovered the administration released a report containing inflated enrollment statistics.

Jan 16 15:30

Ex-U.S. attorney’s fall unmistakable message

If ever there was an opportunity for a little creative sentencing, the case of Lawrence Semenza surely provided it.

Semenza, the former U.S. attorney here, received a 18-month sentence Wednesday in U.S. District Judge James Mahan’s courtroom for failing to pay $290,000 in taxes from 2006 to 2010. It was among the greatest falls from grace in local political history. There was a time Semenza was consummately connected and highly respected.

Semenza, 72, was the U.S. attorney from 1975 to 1977. In that time, his office prosecuted plenty of tax fraudsters.

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