When accounting goes unaccounted for
an employee of Sunshine Maids, received a refund check for $122,783.51 from the service. When she reported the error to the IRS, she was instructed to void the check.
Despite the IRS error, and her honesty in reporting the mistake, she still owes $80 on her taxes.
House Cleaner Receives Accidental $122,783 Tax Refund [Web CPA]
The GOP is making a concerted effort to pressure billionaire investment guru Warren Buffett to release his tax returns to the public. Republicans say Buffett — the public face of Obama’s proposed “Buffett rule” to increase taxes on the wealthy — needs to reveal his finances if his views on tax rates are going to serve as the basis for Obama administration policy. “Will Warren Buffett release his tax returns so we can see why he should be the standard for tax policy?” Sen. John Cornyn (R-Texas) questioned in a tweet Thursday. “If he’s going to be the gold standard, so to speak, in terms of what our tax policy should be, yeah, let’s look at it [his tax returns],” Cornyn told ABC News. [OTM/The Hill]
Maybe you didn't hear about it, but last night Mitt Romney and Barack Obama were […]
A true man of the people:
The Internal Revenue Service has filed a lien against Miami Springs Mayor Zavier Garcia for nearly $200,000 in unpaid taxes. The lien, filed June 8, means the IRS would get paid before Garcia and his wife if they attempt to sell their home or other real estate. Garcia said the IRS issued the liens after his new accountant detected errors in previous years’ tax returns. Garcia said he voluntarily brought the errors to the agency’s attention, and plans to pay the money as soon as his finances permit.