So Elon Musk just xeeted this, what do we think?
Upload All Your Tax Information to Grok, What Could Go Wrong?
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Apparently Lance Armstrong (aka ‘an annoying little man in tights’) Retired from Cycling to Lobby for Higher Taxes
I will not apologize for loving the snark coming from Americans for Tax Reform today:
California is one of the most heavily taxed jurisdictions in the world. If that weren’t bad enough, for the next few months Golden State residents will have to deal with an annoying little man in tights pedaling around the state to stump for even higher taxes. Lance Armstrong, who recently retired from professional cycling to lobby full time for higher taxes, was in Los Angeles earlier this week for a press event with California state Senator Don Perata to announce the launch of a campaign to raise the state tobacco tax.
I have to give credit to ATR, they are nothing if not consistent. After all, they are lumping in a cancer survivor with a cancer-fighting nonprofit for being lovers of higher taxes on cigarettes.
New York Post Goes for the Obligatory Tax Coverage Re: Steve Jobs’s Death
The Post reports that the Jobs family can avoid a lot of taxes on the Apple stock that they will inherit from Steve if they sell the stock right away. He held about 5.5 million shares, priced at just under $370 today. Of course he also was large shareholder in Disney, with shares worth about $4.4 billion. So between those two little grips, maybe Adrienne was right about SJ. [NYP via TaxProf]
Eli Manning Is Determined To Destroy Everything He Touches, Like a Washington State Car Dealership For $420,000
Look, I’m not much of a businessman. As a kid, my lemonade stand was shut […]
One thought on “Upload All Your Tax Information to Grok, What Could Go Wrong?”
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What a Crock to have Grok! If you have W-2 and one 1099-INT – great, but let’s see it figure out accrued tax exempt bond interest for a nonresident state which is not on the 1099; decide what is allowable for an expense on Schedule C and categorize it. Let’s see it correctly prepare a reverse Starker transaction. Puh-leese…. CPAs will not be replaced any time soon. Simple returns – sure – try it, but I certainly will not rely on Grok’s knowledge of IRS Tax code, regulations, Rev. Procs. and Rev. Rulings. Unfortunately, naive people will rely heavily on these and other AI iterations and pay money for no good reason.