Irs

Pro Big Corporate IRS: Agency Guts Whistleblower Program, Leaves Billions on the Table

Pro Big Corporate IRS: Agency Guts Whistleblower Program, Leaves Billions on the Table:

It’s widely known among tax professionals that the US does little in the way of tax enforcement, and the little that it does do is directed against individuals and small businesses. What is not so widely known is how deep the institutional bias is in the IRS in favor of letting big corporate tax cheats get away with it. Conventional wisdom is similar to the rationalization of weak enforcement at the SEC: that the agency is afraid that if they go after big companies, they’ll have the penalties and fines challenged in court, and they’ll often lose by virtue of being outgunned by better lawyer…It turns out that the picture is vastly worse than that. In 2006, recognizing that the IRS was losing over $450 billion a year in revenue to tax evasion, Congress mandated that the agency establish a whistleblower office and pay whistleblowers 15% to 30% of amounts recovered from their filings. Unfortunately, as a whistleblower from the IRS’ Office of the General Counsel in New York has revealed, the IRS at its highest levels is opposed to implementing the policy.

Colbert Mocks Tea Partiers For Whining About Tax-Exempt Status They Didn't Have to Ask For

Colbert Mocks Tea Partiers For Whining About Tax-Exempt Status They Didn't Have to Ask For

"How is that possible, that I didn't apply?" Colbert asked. "Am I breaking the law?" Potter took that opportunity to remind the Colbert Report host that he was not legally obligated to apply for tax-exempt status in the first place.

Amazing. The IRS blocked them from something that they were not obligated to do in the first place.

The Latest Lie: IRS Targeted Conservatives

The Latest Lie: IRS Targeted Conservatives

All that happened here is that groups applying to the IRS for special tax status were checked to see if they were engaged in political activity. They were checked, not targeted. Only one-third of the groups checked were conservative groups.

Organizations of all walks and all persuasions were pulled in. That's shown by the fact that only 70 of the 300 organizations were tea party organizations, of the ones that were looked at

Yet another trumped up nonsense scandal diverting from actual problems like the AP scandal and the Gitmo hunger strike.