* No surprise here. Kay Bell gives us the word that “Bill collectors accused of using financially dubious tactics to collect unpaid IRS debts” at DON’T MESS WITH TAXES (highlight is mine) -
“During
a recent U.S. House hearing, Internal Revenue Service watchdogs told Representatives
that, less than two months on the job, private tax bill collectors were already breaking collection and consumer
protection rules.”
Kay reports (again, highlights are mine) –
“ . .
. Pioneer is, according to the letter, ‘pressuring taxpayers to use financial
products that could dramatically
increase expenses, or cause them to
lose their homes or give up their retirement security’.
In
addition to making general suggestions about how to pay their overdue taxes,
such as getting a bank loan or cashing in investments, the letter says that one
of Pioneer's collection scripts also advises its agents to give taxpayers
repayment options that are ‘extraordinarily
dangerous for taxpayers' financial security’."
I told you this would happen! Outside collection agencies could care less
about the individual taxpayer or about ethical behavior – they are only
interested in earning fees by collecting as much money as possible, whether or
not it is truly owed, any way they can.
Forcing the IRS to use outside collection
agencies is, and has always been, a
stupid idea. It did not work
properly in the past, so why did the idiots in Congress think it would work
this time? Oh well, I guess that is why
they are idiots!
* At MARKET WATCH Bill Bischoff asks us to
“Take a look at this real-life tax horror story”.
It is indeed a horror story – but the
horror could have been avoided.
Bill’s bottom line –
“. .
. pay attention to details, don’t procrastinate when a tax problem is
identified, and consult a competent tax pro to help you resolve the situation
unless the problem is a really simple one.”
Every
person who is thinking of starting a business should consult a competent tax
pro, and, once the business has been started, immediately give all paperwork
related to the business, especially from a state agency, to that tax pro!
FYI – if you are thinking about starting a
business you may want to check out my AN INTRODUCTION TO SELF-EMPLOYMENT: THEBASICS OF SCHEDULE C.
* I am going to “go to press” with my THE JOY OF AVOIDING NEW JERSEY TAXES at the end of June. So you don’t have much time left to take
advantage of my “pre-publication” offer (click here). This offer will only apply to orders postmarked before July 1, 2017.
* Jason Dinesen
begins a new post series on "Managing Cash Flow and Working Effectively with Banks" at DINESEN TAX TIMES. Check out “Part 1”.
* A reminder from
the IRS – “IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer”.
THE FINAL WORD
A typical example
of nut job loser Trump’s delusional narcissism from an interview with Michael J
Fox in the AARP magazine –
“This was about an episode of SPIN CITY
{late 1990s sitcom – rdf}. Since it was about New York, you had to have
all the New Yorkers in it, right? He
{Trump} came in, did his stuff, did it well – he was pure Trump. Great.
We enjoyed having him on the show.
But every time I’ve seen him since then, the same thing has
happened. If I walked out that door
right now and he happened to be right there, it would happen again. He’d say, ‘When I was on your show it was the
highest rating you ever got!’”
And you know he would
not be joking - the buffoon sincerely believes it.
He certainly hasn’t
changed. What an arsehole!
TTFN
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