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November 23, 2022

Accounting News Roundup: IRS Not Working Naked; PwC Just Doing Its Job; Minnesota’s TurboTax Problem | 02.06.15

IRS Rehires Hundreds Of Problem Former Employees [Forbes]
The Inspector General identified hundreds of rehires despite prior substantiated conduct or performance issues. Some were serious. They ranged from unpaid taxes, unauthorized access to taxpayer information, leave abuse, falsification of official forms, unacceptable performance, misuse of IRS property, and off-duty misconduct. The Treasury Inspector General for Tax Administration concluded that the rehires pose increased risks to the IRS and taxpayers.

U mad, bro? [Twitter]

U.K. Lawmakers Accuse PwC of Promoting Multinational Tax Dodges [Bloomberg]
“We believe that PricewaterhouseCoopers’s activities represent nothing short of the promotion of tax avoidance on an industrial scale,” Public Accounts Committee Chairwoman Margaret Hodge said in a statement Friday. Unless Her Majesty’s Revenue & Customs “takes urgent action, this irresponsible activity will go unchecked, causing harm to both the public finances and the reputations of the companies involved,” she said.

So PwC Aids In Tax Avoidance; Good, That's What PwC Is For, Aiding In Tax Avoidance [Forbes]
Oh boy: "We’ve another of those splutterings from the Public Accounts Committee that one of the accounting firms, PwC, aids firms in avoiding tax. Which is great really, as that’s what those taxation arms of the accounting firms are for, aiding people in avoiding tax."

Thank you, IRS [Twitter]

These are Charlotte’s largest accounting firms [CBJ]
Deloitte tops the list with 651 professionals in its local office. Among these professionals are 150 licensed CPAs. Ernst & Young moves up a spot to No. 2 with 649 professionals, 162 of whom are licensed CPAs. PricewaterhouseCoopers is No. 3 with 582 professionals. The firm employs the most local CPAs at 299.

Minnesota stops taking TurboTax returns due to possible fraud [StarTribune]
Just as tax season is ramping up, Revenue Department officials made the urgent announcement late Thursday after two taxpayers reported that they had logged into Intuit’s TurboTax to file but were advised a return had already been filed. Because it could indicate fraud, state officials are blocking new TurboTax returns from coming in. They also are reviewing a “couple of thousand” returns that have already been filed using TurboTax. “If we identify a problem, we will contact the taxpayer,” said Revenue Commissioner Cynthia Bauerly.

Expert: If You Lick a Bunch of Subway Poles You'll "Probably be Fine" [Gawker]
Anyone want to test this out? Report back.

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