IRS Could Review Previously Processed ITINs for Fraud Patterns
According to Accounting Today, the IRS and TIGTA have almost made up. Not entirely, but TIGTA is letting the IRS move back into the house (personification- no actual move took place). While the IRS is only, at this point, satisfying 7 of 9 measures that TIGTA wants to see, the Service plans to really work […]
IRS Closed Tomorrow. Call Today or Wait Until Monday!
The Internal Revenue Service today reminded taxpayers that, due to the current budget situation including the sequester, the agency will be shut down on Friday, June 14. As was the case on May 24, the first furlough day, all IRS operations will again be closed on June 14. This means that all IRS offices, including […]
Liberty’s John Hewitt, “Grandfather of Tax Industry”, Stands Trial for Racketeering, Fraud
The “Grandfather” of the tax industry to stand trial for a number of illegal acts. Apparently, birthing an industry requires one to pretend that the protective laws governing and regulating our large corporations does not apply to them. In this case, we certainly have a “pattern of racketeering activity” which only requires two acts within […]
Unbanked: Prediction of Challenges To Come Regarding PPACA
With the impending enforcement of the Patient Protection and Affordable Care Act, research groups all over are attempting to find loop holes to provisions, cracked logic, anything to cause a stir and potentially create fear. There are concerns about those who do not have bank accounts, or, as the research groups have labelled them, the […]
IRS Under Fire for Line Dancing and Loads of Misc. Expenses
Can the IRS’s situation become more sadly laughable? At this point, I’m beginning to think not. Released this weekend was a video of a line dancing instructor teaching some IRS employees to dance. Apparently the IRS has spent somewhere near $50 million to hold at least 220 conferences for employees between 2010 and 2012. A […]