A potpourri of interesting current events, new products, humor and just plain fun, so pull up a chair and stay a while. If your favorite post has disappeared out of sight, you can find it by selecting a category from the left hand side bar.
I am Perry Peterson, a retired auditor and tax accountant. My wife Valeta and I live along the front range of the beautiful Colorado Rocky Mountains.
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Critics of President Obama’s “net neutrality” plan call it ObamaCare for the Internet.That’s unfair to ObamaCare.
Both ObamaCare and “Obamanet” submit huge industries to complex regulations. Their supporters say the new rules had to be passed before anyone could read them. But at least ObamaCare claimed it would solve long-standing problems.
Obamanet promises to fix an Internet that isn’t broken.
According to a Wall Street Journal report the permissionless Internet, which allows anyone to introduce a website, app or device without government review, ends this week. On Thursday the three Democrats among the five commissioners on the Federal Communications Commission will vote to regulate the Internet under rules written for monopoly utilities.
The next step will be to tax Internet use. It’s a way the feds can gain more control and raise taxes at the same time.
Under pressure from Congress the IRS has apologized for seizing banks accounts from otherwise law-abiding business owners simply because they structured bank transactions to avoid federal reporting requirements.
The IRS Commissioner John Koskinen is shown at right.
The business owners’ alleged crime: They routinely made bank deposits of less than $10,000. That allowed them to avoid reporting requirements designed to catch drug dealers and money launderers.
The IRS is changing its policies to prevent the seizures, as long as the money came from legal means.
TurboTax has turned off the ability of its software to e-file state tax returns Thursday after the company found “an increase in suspicious filings,” the company said today.
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.