Is This the Most Embarrassing Thing To Ever Happen to an Accountant at Work?
Many of you have suffered social indignity at one time or another while at work. Spilling food on yourself. Wardrobe malfunctions. Moments of clutzitude. The blood rushes to your face and stays there for undetermined amount of time, your co-workers snicker, and talk behind your back for a while, but eventually you get over it. […]
Employer Who Fired an Allegedly Racist Accountant (Twice) Is Allegedly Racist
Last month we learned that Virgnia Spidle, the Chief Accountant for the City of Birmingham, Alabama, was fired a second time by her employer. The grounds for the first dismissal were racism, which a personnel board dismissed. Not one to be dismayed by awkwardness around the office, Spidle returned to her job only to be […]
It Only Took a Week for an Alabama Accountant Who Got Her Job Back After Allegations of Racism to Be Fired Again
Earlier this month a senior accountant for the City of Birmingham, Alabama, Virginia Spidle, won the right to return her job after she was fired after allegations of racial bias against black employees. When she won the right to return to work, Spidle was quoted as saying, "I didn't do anything wrong, so I have […]
Stupid Alabama Man Who Told IRS Agent That He Would Make 9/11 Look Like a Fire Drill Admits He Had a Few Beers Before Picking Up the Phone
Thomas Sitzler swears that he didn't mean any harm, can't even make a bomb, and this is all came about due to a little liquid courage. A Birmingham area man, charged with making a phone threat to blow up an Internal Revenue Service building in Austin, Texas, has entered a plea agreement with federal prosecutors […]
Here’s Something Stupid That an Alabama Man Said to an IRS Employee
Thomas Sitzler really wanted the IRS Contact Rep to remember what he had to say, so he insisted (s)he write it down: "I'm gonna make Waco, Oklahoma City and nine eleven (9/11) look like a fire drill. I have paid in over one point five million dollars ($1.5 million) in federal taxes while illegals reap […]
Area Man Who Probably Cut Out His Own Tongue, Allegedly Murdered His Neighbor, Adds Tax Evasion to Dubious Behavior
Great find by Joe Kristan who would have no problem jumping on the New York Post’s headline desk.
This could only happen in the South:
A murder suspect accused of cutting out his own tongue has been arrested for tax evasion.
The Mobile County District Attorney’s office says Michael Crocker and his wife, Donna, didn’t pay taxes on $1 million they earned from their waste burning plant in Mount Vernon.
Investigators learned about the tax evaision while investigating Crocker for the murder of Stephen O’Neal Perret. Perret was found shot to death in a work truck near his Citronelle home on August 17, 2007. Perret was Crocker’s neighbor and the plant manager at Vulcan Industrial Services, Crocker’s company.
One day after Perret’s funeral, Crocker called 911 and said someone cut out his tongue, but police believe Crocker cut out his own tongue.
Accused Tongue Cutter Arrested Again [WKRG via Tax Update Blog]
Wanted: Auditors for Inventory Count Who Won’t Get Queasy at the Sight of a Few Dead Chickens
Did I say a few?
The Alabama Poultry and Egg Association estimated that five million chickens probably died in the tornadoes, which slammed the northern part of the state, where the industry is centered.
Not to worry though, you’ll still be able to get your McNugget™ fix:
That alone isn’t enough to disrupt chicken supplies nationally. The state usually produces about 21.5 million chickens in a week. The U.S. produces roughly nine billion chickens annually.
Storms Destroy Hundreds of Poultry Houses [WSJ via JDA]
Accounting News Roundup: Genzyme Wants Bigger Offer from Sanofi; IRS Says Ex-NFL Star Romanowski Owes $6 Mil; Convicted Tax Evader Traficant Running for Congress Again | 08.31.10
Genzyme Rejects Sanofi’s Overture [WSJ]
“Genzyme Corp.’s board again rejected an $18.5 billion takeover proposal from Sanofi-Aventis SA, although Genzyme suggested it would be open to future talks if there were a higher starting price.
Genzyme’s suggestion contrasts with accusations from Sanofi Chief Executive Chris Viehbacher that he “encountered a brick wall” in trying to begin merger talks. And with the French drug maker stressing its discipline in pursuing the Cambridge, Mass., biotech, the rhetoric from both sides hints that any deal could take some time.”
No horsing around, IRS tells ex-NFL star [Forbes]
“The Internal Revenue Service says ex-football star linebacker Bill Romanowski owes more than $6 million, primarily for claiming losses from a thoroughbred horse-breeding investment whose promoters have admitted was a fraudulent tax shelter.
Romanowski, 44, and his wife, Julie, filed a lawsuit last month in U.S. Tax Court disputing an IRS bill for $5 million in taxes, $1 million in penalties and an unspecified amount of interest. According to his complaint, for the years 1998 to 2004, the Romanowskis said their total taxable income was a negative $11 million. The IRS said it really was $14 million. The difference is a cool $25 million.”
Higher Taxes May Not Push Firms To Cut Dividends [WSJ]
“The expiration of a tax cut on dividend income wouldn’t likely spur firms to significantly cut their dividend payouts, say some scholars who study the relationship between tax rates and corporate behavior.
One big reason is that a growing share of U.S. equities are held by retirement funds and foreign investors that aren’t swayed by U.S. individual income-tax rates.
‘If there is an effect, it will be modest,’ University of North Carolina professor Douglas Shackelford said of the pending higher tax rates. ‘Pension funds, 401(k)’s, foreigners and corporations–all of these don’t care’ about the individual tax rate, he said.”
Alabama county mulling whether to keep, jettison SAP [Reuters]
Jefferson County, Alabama is the latest to have trouble with their SAP system. Unfortunately for JeffCo, they don’t have a huge consulting operation to sue, only an unnamed “third-party consulting firm.”
Guess Who’s Coming to Dinner! [Taxable Talk]
James Traficant, that’s who. Traficant was indicted in ’02 (while serving in Congress) on federal corruption charges and ultimately found guilty on ten counts that included bribery and tax evasion. Despite that track record, he has managed to get the necessary amount of signatures to run as an independent in Ohio’s 17th Congressional District.
Accounting firm raided over alleged drug network [ABC Australia]
Don’t think it can’t happen to you!
Alabama Strives for the #1 Ranking in Obesity with Consideration of Tax on Gym Memberships
Yes, it’s true! Bama was number #2, according to the latest Robert Wood Johnson Foundation and the Trust for America’s Health ranking but with a little bit asinine tax policy, the Yellowhammer state could ascend to #1 spot.
Kiplinger has a slideshow that goes over some of the stranger (and desperate) measures some states are going to in order to close their budget gaps. Twenty-six states already tax bowling for crissakes! And now Michigan, Nevada, North Carolina and New Mexico are thinking about it too!
The ultimate, for us anyway, is the Alabama’s show of complete disdain for anyone considering to exert themselves in any manner, shape or form:
Later this year, Alabama will debate taxing gym memberships, a plan that could raise several million dollars a year in state revenue. A monthly membership would include the Yellowhammer State’s 4% sales tax.
You hear that? Several million dollars. Easily eaten by the costs associated with the 31% obesity rate. Sounds like a great plan.
10 Surprising Ways Your State May Tax You Next [Kiplinger via Bucks]
Alabama Candidate Must Not Be Aware That the IRS Has a Stockpile of Shotguns
Alabama Congressional candidate Rick Barber arranged a sit-down with some Founding Fathers to do some venting in his most recent ad:
GW looks serious about this “armies” thing doesn’t he? Well, there’s a good reason for that as, David Weigel notes at WaPo or you can see at the U.S. Treasury website, Washington did some of his own army gathering when he squashed the Whiskey Rebellion that arose from the Whiskey Act of 1791.
So it’s more likely that #1 is warning young Barber, saying “Knock yourself out ‘Bama. You’re going to need all the help you can get.”
The IRS Goes Gun Shopping