Tuesday, June 30, 2015
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’ – TUESDAY EDITION
ALERT - MY GMAIL ACCOUNT HAS BEEN HACKED. DO NOT OPEN ANY ATTACHMENT ALLEGEDLY SENT FROM MY GMAIL ACCOUNT. IN THE FUTURE PLEASE VERIFY WITH ME AT MY YAH00 EMAIL ACCOUNT BEFORE OPENING ANYTHING.
* As if the IRS wasn’t in enough trouble, over at her DON’T MESS WITH TAXES blog Kay reports “IRS Gave Tax-Owing Companies Contracts Worth $19 Million” -
“. . . according to the Treasury Inspector General for Tax Administration (TIGTA), the IRS has violated the federal law that prevents it from doing business with businesses that haven't paid their taxes. The IRS also ignored the other portion of that law, enacted in 2012, that prohibits agency contracts with companies that have been convicted of felonies.
In total, during fiscal years 2012 and 2013 the IRS awarded 57 contracts to 17 corporations that weren't eligible because of their tax debts or prior legal sanctions.”
* John Koskinen was appointed as Commissioner of the IRS to fix the agency after the Tea Party scandal became public. He was described at the time as “an executive who has built his reputation on turning around troubled enterprises”. However things have actually gotten worse at the IRS since his appointment.
Granted the idiots in Congress bare some responsibility for continually cutting the budget – but Koskinen has not proven himself to be an effective administrator.
It has gotten so bad that, according to FOX NEWS, “Republicans Weigh Impeachment for IRS Commissioner”.
My colleague Joe Kristan, author of THE ROTH AND COMPANY TAX UPDATE BLOG, gave Koskinen’s predecessor Doug Shulman the title of “the Worst IRS Commissioner Ever”. The current Commissioner is certainly a close second, if he has not already taken over the title.
* The TAX POLICY BLOG of the Tax Foundation provides us with “A Quick Primer on Personal Income Taxes (with gifs!)”
THE FINAL WORD –
One of my clients is on the list of “N.J.'s Best Burger: 3 Great Spots in Jersey City and Hoboken”!
The Park Tavern on West Side Avenue in Jersey City opened, and became a client of my mentor Jim Gill, in 1972 – the same year that I began as an “apprentice” tax preparer with Jim.