“Perhaps the most telling indicator of taxpayer confusion over the code’s complexity is that today, 90% of individual taxpayers pay for professional tax preparation or tax software to prepare their tax returns. IRS research estimates that, over the past 10 years, the burden for the typical taxpayer has increased by about 20% and would likely be even more if they had to prepare returns themselves without any aids or tools. Moreover, we estimate individual taxpayers and businesses spend more than 7 [billion] hours each year complying with filing requirements.” [Tax-News via Tax Foundation]
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IRS Accused of Being Sneaky Double-Crossing Tricksters
- Caleb Newquist
- May 6, 2010
Who would have guessed that the IRS was capable of pulling the old switcheroo on confessed tax dodgers?
Apparently not some “former high-ranking tax officials” who are all bent out of shape because the IRS decided to prosecute their clients even though they came out of offshore tax haven land with their hands up.
A letter dated March 30 and signed by 32 lawyers, many of them former high-ranking tax officials now in private practice, said the IRS actions “smack of trickery.” They said that because the taxpayers had turned themselves in, they shouldn’t be prosecuted. The letter said heavy-handed treatment of some account holders could cause taxpayer confessions to “grind to a halt.”
…
The letter acknowledged the government’s long-held right to reject confessors if it already has their names or has opened an audit. But it argued that subjecting these taxpayers to rare public prosecutions would look like a double-cross. The writers also warned that if the government went ahead with prosecutions, it would radically change the “risk assessment” they offer their clients and lead to fewer voluntary disclosures.
So you acknowledge the right of the Feds to say ixnay on confessions of known tax scofflaws, plus one of Dougie’s deputies is quoted saying this: “The Service has been clear and consistent. We said that people already known to us were not good candidates,” and then you write a letter? The IRS has been attacked from the air, had suspicious packages dropped on their doorsteps and been blamed for suicides and you think a stern letter is going to sway them?
IRS Faulted for Prosecuting Confessed Evaders of Taxes [WSJ]
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The IRS Is Graciously Letting Taxpayers Withdraw Some Bad ERC Claims
- Going Concern News Desk
- October 20, 2023
On Thursday the IRS announced a special withdrawal process to help those who may have […]
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Tax Deadbeat of the Day: Jose Canseco
- Caleb Newquist
- February 24, 2010
Try to make sense of this: J Can made $45 million playing baseball, “wrote” two books that essentially ruined the juicing party in MLB, has been on countless reality shows, tried his hand at mixed martial arts and he can’t scrape together $320,000 for the IRS and the state of California?
Okay, can’t undo what’s done and unfortunately, Canseco has limited options. He can’t really call McGwire, Bonds, A-Rod, Jason Giambi for a loan. That’s just awkward, plus he doesn’t strike us as the type of guy who would pay you back if he could.
If the MMA doesn’t work out, then we’re thinking he’s still got plenty of options:
• Working outside an Abercrombie & Fitch
• Bouncer on a porn movie set
• Jersey Shore cameos
Other possibilities? Sure they’d have to garnish his wages but dude needs to get the ball rolling.
Slugger Jose Canseco strikes out with tax agencies [Tax Watchdog]