Thursday, June 04, 2020

IRS Solicitation for Outside Expertise in CryptoCurrency Audits

Humans consist of body, mind and imagination. Our bodies are faulty, our minds untrustworthy, but our imagination has made us remarkable.
— John Masefield, born in 1878




I served in the Czechoslovak Communist Army for two years so even without  much imagination I can sense those bullies inside both the boys or the girls clubs ...

"I went to public school, so I know a thing or two about bullying. The crucial thing is to develop the collective impression that the person being bullied deserves it. Once this is established, the bully can clothe themselves in a peculiar form of moral righteousness. The witch is persecuted, because she deserves it. The Jews are persecuted, because they deserve it.

And it’s not just the physically weak who are targeted for collective punishment, it’s anyone who refuses to go along with the hive mind. In times of group stress, the need to find scapegoats, and thus collectively express our pent-up anger and frustration, is all the greater. It is not just the virus that is highly contagious at the moment, so too is what the French anthropologist/theologian René Girard called “the scapegoat mechanism”. And, of course, doubly so in the highly mimetic environment of social media.



 These bullying bishops aren't brave - UnHerd.
When I was at St Paul’s Cathedral, there was a phrase that was regularly bandied about that I came to absolutely hate: “reputational risk”. People would say things like “Be careful of this, it carries reputational risk.” You now hear it more and more in church circles. And I get so annoyed. Christianity is all about reputational risk. Indeed, it is absolutely supposed to court reputational risk. Jesus deliberately stood alongside those people who were a constant risk to his good name. If we don’t risk our reputations defending the unpopular, we might as well give up on the whole Christianity thing altogether.




Mr Swan, who sits on the ATO's Tax Practitioner Stewardship Group, also believes pre-fill information...


Judge Entertainingly Dresses Down Expert in Neiman Bankruptcy

A bankruptcy judge minces no words

IRS Solicitation for Outside Expertise in CryptoCurrency Audits
There are reports that the IRS has sent out a “Statement of Work” soliciting assisting from contractors to help with audits involving potential cryptocurrency transactions.  See Guinevere Morre, Got Cryptocurrency? Get Ready For An IRS Audi (Forbest Editors’ Pick 5/29/20), here; and IRS Soliciting Contractors to Help Audit Crypto Tax Returns (CryptoTrader.tax blog), here(with a copy of the Statement of Work).

We are as lucky as each other ...
The introduction says:
The Internal Revenue Service (IRS) requires consulting services to support a taxpayer examination involving virtual currency. In particular, the IRS requires consulting services to calculate taxpayers' gains or losses as a result of their transactions involving virtual currency. Specific requirements are outlined below.
The Statement of Work process is described here.
The use and trading in cryptocurrency offers great opportunity for tax avoidance and evasion, so it is not surprising that, given the IRS cryptocurrency push, it would seek outside expertise to assist.

 Reuters
: “Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in “private” mode. The lawsuit seeks at least $5 billion, accusing the Alphabet Inc unit of surreptitiously collecting information about what people view online and where they browse, despite their using what Google calls Incognito mode. According to the complaint filed in the federal court in San Jose, California, Google gathers data through Google Analytics, Google Ad Manager and other applications and website plug-ins, including smartphone apps, regardless of whether users click on Google-supported ads. This helps Google learn about users’ friends, hobbies, favorite foods, shopping habits, and even the “most intimate and potentially embarrassing things” they search for online, the complaint said. Google “cannot continue to engage in the covert and unauthorized data collection from virtually every American with a computer or phone,” the complaint said…”


Death threats against German virologists.  And “His perception of fishes’ features was so refined, she added, that he could distinguish individual faces, the way humans recognize one another.”  (NYT)



Thread on police unions.  Very good 







Should the Rich Be Allowed to Buy the Best Genes? Air Mail. Walter Isaacson. Still too much royalty and celebrity nonsense on his new venue, but this reminds me why Graydon Carter has enjoyed such success in media. Up to you whether you decide occasional partial access is worth the free registration


The Housing Vultures New York Review of Books