Isn’t it about time?

I have said many times that I would try and keep from going into politics here, but recently the IRS was mentioned as a retort to the FBI, concerning an investigation into Hillary Clinton, the Clinton Foundation, Mrs. Clinton’s emails while at the State...

Benghazi of IRS

First, it’s been a long time since I last posted; August 14 of 2014 to be exact! I’m going to tell it like it is; I’m not good at blogging!  I am a lousy writer and a WORSE typist; however, I think I am pretty good at researching and even better at...

Telephone Tax Scam!

Based on an email notification I receiced from the Maryland Society of Accounting & Tax Professionals dated 08/14/2014, the “Treasury Inspector General for Tax Administration (TIGTA) has identified approximately 1,100 victims who have lost an estimated $5...

IRS = Paper Tiger?

The Kiplinger Letter of July 3, 2014 asked the question: “In the wake of IRS budget cuts, is the IRS turning into a Paper Tiger”?  The facts supporting the case were: Funding levels have declined significantly since 2010; Employee head count has decreased;...

GAAP: Pitifully Old & Obsolete Principles or POOP!

According to an article in the July 2014 edition of Accounting Today: “POOP: It’s time to bring GAAP into the 21st Century”, by Paul B.W. Miller and Paul Bahnson, GAAP, or Generally Accepted Accounting Principles, are the only exception to the fact...