Work for the IRS and Have a Conduct Issue? No Problem! Here’s Your Bonus!
In 2012 it was discovered in an audit that over 2,800 employees with conduct problems received bonuses, so in 2016-2017 the Treasury Inspector General for Tax Administration conducted another audit, and found the problem is still ongoing. Although the IRS screening stopped over 1,000 employees with tax problems from getting bonuses, another 1,962 employees with […]
How April 15th Became Tax Day
April 15th, otherwise known as Tax Day didn’t come into effect until 1955, where it has remains to this day. With the Revenue Act of 1861 to help fund the civil war, the first income tax was introduced. It was subsequently repealed, re-adopted and ultimately declared unconstitutional. In 1895, the Supreme Court heard Pollock v. […]
The IRS Smells Something Rotten with Produce Business Owner
Thomas Paine of Johnson Creek, WI, and former corporate officer of Tree Ripe Citrus Company, pled guilty in U.S. District Court to charges of tax evasion. Paine was responsible for the financial and tax aspects of the business but did not file corporate tax returns from 2010-2012. He concealed the business’ income by structuring cash […]