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This Woman’s Tax Season Has Been Infinitely Worse Than Yours

Posted on by Joe Kristan

Yeah, we all have our tax season stories.  Like remember the day in April when you got arrested on charges of stealing from your business partner while your husband got arrested for making a drunken spectacle of himself at the local elementary school?

You don’t?  Then your story can’t top this one out of the Iowa City suburb of North Liberty:
The co-owner of a local tax service has been accused of using more than $22,000 from the business’s savings account to cover her credit card bills and her husband was arrested for allegedly causing a drunken disturbance at a local elementary school.
 
According to an Iowa City police criminal complaint, an investigator met with a co-owner of C & M Tax Service. The other co-owner is 31-year-old Melissa M. Frost of North Liberty.
Leading to the arrest of Ms. Frost on allegations that she manipulated the tax service books and locked her co-owner out of the financial software while helping herself to $22,000 to cover credit card debts.  If that wasn’t enough to ruin her tax season:
Police said Frost’s husband, 33-year-old Cory A. Frost was also arrested on Friday. Cory Frost went to North Bend Elementary in North Liberty at 2:45 p.m. to confront an employee there concerning a “situation with his wife,” according to North Liberty police Lt. Diane Venega. It is unclear if that situation is related to Melissa Frost’s arrest.
[…]
When police found Frost, he smelled of alcohol and appeared to be intoxicated. Police said Frost had a blood-alcohol content of .204 percent. He was previously convicted of public intoxication.
If you’ve been around the business awhile, you know how hard tax season can be on a marriage.  This one seems to have been under at least average stress.

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IRS Commish: We’ll Send You a Letter if You’re Uninsured, Not Heavily Armed Agents

This is disappointing on a multitude of levels. On the one hand, the notion of thousands of IRS agents running around the country, kicking doors is kind of exciting.

On the other, if crazed tax-haters can’t threaten the lives of IRS Agents who can they threaten? The census only occurs once every ten years and threatening to gun down OSHA employees just doesn’t seem to be as effective.


Doug Shulman spoke at the National Press Club yesterday and assured everyone (despite what Dave Camp or Ron Paul says) that agents will not be storming your house packing heat if you don’t purchase insurance. The IRS will be counting on insurance companies to help them run identify those who are skipping on the required coverage.

He said insurers eventually will be required to file a document similar to Form 1099 used by financial institutions to report investment income. The agency will send letters to the uninsured notifying them fines could be deducted from their tax refunds for refusing to comply with the new law, Shulman said.

“These are not the kinds of things we send agents out about,” Shulman said. “These are things where you get a letter from us.”

We imagine the letter won’t be particularly friendly but it’s a far cry from jack-booted thugs pointing firearms at your head.

Shulman Says IRS Has Few ‘Punitive’ Ways to Enforce Health Law [Bloomberg BusinessWeek]

Betting on Estate Tax Inaction

“It’s not a sure thing that they’ll actually get around to doing anything about it.”

~ Craig Jennings, federal fiscal policy analyst at OMB Watch, doesn’t have much faith that Congress.