When accounting goes unaccounted for
Richard Rubin reports that a "hardware failure" at the IRS has affected several systems and that Ted Cruz's favorite agency is "temporarily unable to process electronically filed tax returns."
At least some of the older tax partners out there are enjoying this moment.
[WSJ]
Religious groups are starting to catch wind of a new tax quietly imposed by Republicans […]
Try to make sense of this: J Can made $45 million playing baseball, “wrote” two books that essentially ruined the juicing party in MLB, has been on countless reality shows, tried his hand at mixed martial arts and he can’t scrape together $320,000 for the IRS and the state of California?
Okay, can’t undo what’s done and unfortunately, Canseco has limited options. He can’t really call McGwire, Bonds, A-Rod, Jason Giambi for a loan. That’s just awkward, plus he doesn’t strike us as the type of guy who would pay you back if he could.
If the MMA doesn’t work out, then we’re thinking he’s still got plenty of options:
• Working outside an Abercrombie & Fitch
• Bouncer on a porn movie set
• Jersey Shore cameos
Other possibilities? Sure they’d have to garnish his wages but dude needs to get the ball rolling.
Slugger Jose Canseco strikes out with tax agencies [Tax Watchdog]
Our contributor Joe Kristan has spent most of July on vacation in an undisclosed location but he returned this week and didn’t waste any time pointing out some irony courtesy of the IRS.
What you see above is a clip from the list of tax-exempt entities in Iowa who have not filed their Form 990 and need to take action by the new drop dead date of October 15th.
Welcome back, Joe.