A musical parody based on a true story! Loopholes is the ultimate David and Goliath story of a man who, despite having his entire net worth threatened, actually uncovered loopholes -- allowing him to have the last laugh at the United States' most hated government agency, the IRS! Join us for the fun! The world premiere of Loopholes, A Pain In The I.R.S. at the Hudson Mainstage Theatre in Hollywood, Calijfornia
Peter Reilly, Tax Court Allows Multimillion Multiyear Arabian Horse Losses
Robert Wood, 10 Notorious Tax Cheats: Real Housewives Stars Teresa And Joe Giudice Faced A Staggering 50 Years
Robert Wood, Best And Worst Tax Excuses To Fix IRS Penalties, “Relying on a professional tax adviser is one of the classic excuses.”
Alan Cole offers A Friendly Reminder That Pass Through Businesses Exist (Tax Policy Blog):
Every once in a while we see blog posts from other tax research organizations, or even congressional offices, puzzled over the low collection of corporate taxes relative to GDP or relative to other tax revenues. Today we have another such post, from Citizens for Tax Justice. I believe I can allay that confusion.It’s not confusion, it’s political mischief.
Career Corner. Long Hours Are the Root of All Your Busy Season Problems (Caleb Newquist, Going Concern). If you think you have a problem working long hours, try getting these things done without working long hours.
Bryan Camp (Texas Tech), Overlooked Costs of IRS Budget Cuts Will Hit Taxpayers Hardest:
The
Internal Revenue Service takes a lot of hits, both from those who are
paid to be critics like the National Taxpayer Advocate and from those
who just pile on for the fun of it – politicians, pundits and the
public.
The
nastiest hit has come from Congress in the form of relentless budget
cuts for the past five years. While there has been a fair bit of
commentary on the effect of these cuts, commentators have missed two
important points: (1) the cuts are deeper than most people think, and
(2) their effect is both more subtle and insidious.
Bloomberg, An Emotional Audit: IRS Workers Are Miserable and Overwhelmed. A visit to one of the few places where they still offer on-site service. (Via the TaxProf)