When accounting goes unaccounted for
Remember how the military tried to recruit Call of Duty players to be drone pilots? Maybe the IRS can take a page from their book and convince young people there is first-person fun to be had bum-rushing naughty taxpayers’ homes.
The Fed isn’t the only one raising interest rates these days. The IRS did too—and […]
Maybe! But we’ll get back to that in a minute.
There was a fair amount schadenfreude aimed at the University of Southern California when the school was slapped with sanctions a couple weeks back and at Reggie Bush for his role in the whole sitch.
How Bush really feels about it seems to be a mystery since he’s been quoted saying, “[This] is the closest thing to death without dying” but also a less passionate response, “Whatever happens, happens.”
Borderline schizophrenia aside, Fox News reports that Reg might have to pay some back taxes on the estimated $300,000 in luxury gifts he allegedly received:
“If the entire $300,000 is determined to be taxable,” Los Angeles-based CPA Mark Greenberg said, “about 50 percent of that would go to the IRS and Franchise Tax Board. And with penalties and interest, it could go up to 60 percent since it’s going back a few years.”
Greenberg estimates that Bush, now the star running back for the New Orleans Saints, “ultimately will wind up paying about $150,000,” but “it could be up to $200,000” if his financial team can’t get the penalties and interest waived.
We’re sure Bush would never have to give up his trophy a la the Juice since A) he didn’t kill anyone and B) his sponsors are still firmly in his corner, so the money shouldn’t be a problem. That being said, having the IRS snooping around your financial situation is about annoying as a Keeping Up with the Kardashians marathon.
Besides bomb threats, another sign that the traditional tax season is in full swing is when an IRS office receives an envelope containing white powder. Today, the location in Holtsville, NY got the pleasure.
Nearly 60 workers at an Internal Revenue Service office on eastern Long Island were briefly evacuated after an employee opened an envelope containing a suspicious powder. An IRS spokeswoman says the substance was later determined to be baking soda.
No injuries were reported and it was less than hour before everyone was back to work, which barely enough time to get a bagel and a second cup of coffee. It makes us wonder if any IRS employees secretly wish for a dangerous substance to come in the mail to get out work. Day after day thinking, “God, this is awful. Maybe some anthrax will show up today. Am I that lucky? Probably not. But maybe if I concentrate real hard some will show up. [closes eyes, folds hands] Come on, anthrax. Just this once. Come on anthrax.”
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Are they really hiring 87,000 actual agents? Or are a lot of these jobs going to be filing, answering phones, sorting mail, low level admin tasks that have very little to do with actual audits.
Personally, I don’t have a problem with the IRS getting a bigger budget. Anyone who’s been on hold for 6 hours to talk to someone at the IRS just to verify some taxpayer data should welcome this news.
All this scaremongering is silly, and so is all the animosity towards the IRS. It’s like being mad the police because they arrest you for robbing a bank, they just enforce the laws – they don’t make them.
Everyone need to chill. The IRS has been long overdue for a larger budget and and upgrade on their systems. This is a good thing everyone. Relax.
Not quite. People are, correctly, angry with the police for harassment or overreach of authority, and having more IRS agents will have the same effect. Animosity toward the IRS is wholly justified and fear of its expansion is rational.
Just like the police, it’s not just about enforcing the laws, but how the laws are enforced. How they exercise their power.
And, further, if the laws they are enforcing are unjust, opposing the arm of enforcement is also reasonable.
A huge expansion of the IRS is not something to be celebrated.
Uhh idk about y’all but I’ll celebrate the IRS hiring people to answer the phones for sure
In over 100 years there have only ever been 8-9,000 IRS Agents filling law enforcement positions…the 87,000 are more likely to be revenue agents, auditors, and admin staff…
I’m sorry, but I kind of love that one dude with “CPA” written on his little military style helmet. Gonna go show this pic to my kids and tell them that’s what mommy does for a living.