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Tag: IRS

Janover, LLC’s paperless workflow process was highlighted in a recent special supplement in Accounting Today magazine. The article quotes Janover’s Fredric Silverman, Principal at the firm’s Garden City, NY office, as Janover being a firm that has gone beyond scanning. Effectively migra Read More

Well, he certainly knows about tax implications. John Koskinen, President Obama’s choice for the vacant IRS commissioner position and former chairman of Freddie Mac, reported his net worth to be between $7.4 and $27.4 million. Federal nominees are allowed to report their net worth in broad Read More

Dumb Plan to Pay Back IRS Bill Results in Arrest, Power Outage All he wanted to do was pay back the IRS his outstanding $10,000 bill. So explained New York City electrician Joel Grasman, who stole a 30-ton Mac Boom truck in the early morning hours of August 26 to transport several welding mac Read More

Taxes Are A Dirty Word

Now that’s employee loyalty. When IRS agents were about to seize his boss’s truck last November, a 45-year-old Omaha, Nebraska man dumped a mound of dirt at several officers’ feet. Walter M. Trazila’s act of defiance resulted in a misdemeanor sentence of three years’ probation, repo Read More

The city of Detroit announced on Thursday that it plans to file for bankruptcy–making it the largest American city ever to take such a course. The city’s debt is likely to be $18 billion and perhaps as much as $20 billion. It is reported to be the largest municipal bankruptcy filing i Read More

The IRS issued a formal notice that officially delays the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, for a year and postpones the information reporting requirements. The announcement gives larger employers until January 2015 to co Read More

Oops…The Internal Revenue Service has made a pretty big mistake. It has been reported that they posted the Social Security numbers of tens of thousands of people on the internet before taking down the information when a whistleblower pointed out the mistake. One estimate put the figure as h Read More

The truth came out at last week’s congressional hearings as the IRS scandal continues to emerge. People (listen  here) are telling real stories about their experiences. It’s all quite unsettling, from efforts to intimidate donors and illegally releasing tax returns, to pressuring pr Read More

In a press conference on Monday, President Obama called the reports about the IRS “outrageous” and intolerable while saying he would reserve harsher judgment for when the full report is formally released. This response comes after the news broke last Friday that the IRS had targeted group Read More

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