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December 6, 2022

Footnotes: Too bad I didn’t know my credit was wack cuz now I’m drivin’ off a lot in a used subcompact | 10.15.12

Schumer to Tax Reform: Drop Dead [WSJ]

UBS CFO Says 550 Fired After $2.3 Billion Trading Loss [BBW]

Zynga and Facebook: A Close Relationship Can Distort Revenue [Francine McKenna in Forbes]

The IRS's 'feeble' grip on big political cash [POLITICO]

Escort Natalia Woolley guilty of retired accountant's death [BBC]

Should the IRS report unpaid income taxes to credit bureaus? [The Baltimore Sun] Would people be more likely to pay their taxes if they knew the IRS would report unpaid liabilities to credit bureaus, thereby damaging their credit scores? Congress is considering that. The Government Accountability Office released a report last month to lawmakers about the pros and cons of a significant shift in practice. Currently, the IRS isn’t allowed to report unpaid income taxes as part of an old law that protects taxpayers’ privacy. (The IRS, though, can put a lien on property, and that public information is collected by credit bureaus.)

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