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Showing content with the highest reputation on 07/02/2014 in Posts

  1. May I just say, "eeew!"?
    2 points
  2. I'd take the expenses on both. It's basic business sense, you must maintain the property whether it's rented or not. Actually, the first one IS rented, even if he has not been able to collect.
    1 point
  3. 64f3e4f95d251c7335d787e2176ce126
    1 point
  4. Interview with Justina linked in the article that I am linking: http://www.theblaze.com/stories/2014/06/30/no-one-should-be-put-through-that-no-one-justina-pelletier-speaks-out-on-her-treatment-while-under-govt-care/
    1 point
  5. What has been happening at the IRS of late is horrific. I'm not even thinking about which political party or official is to blame. Recent events have far worse consequences than whatever these jerks did for whatever ends. They will get their just punishment (hopefully). Restoring the IRS's position as a fair and impartial administrator of the tax code will take much longer to accomplish, if it ever happens. Until the recent past, the IRS has done a remarkable job of operating within the law (Title XXVI). They had to set an example so that taxpayers themselves would follow the law under our "voluntary" tax system. They did things like send out timely 30-day notices, 90-day letters, respond to correspondence in a timely fashion (or ask for more time), followed the statute to the letter before they issued levies or liens. I went to graduate school with a number of IRS agents and was amazed at how well versed in the law they were. They knew exactly what they could do, couldn't do, and where they had a little wiggle room. The would cite Code sections off the top of their heads, which showed me they had a lot of training in that area. The professionalism of IRS employees, their adherence to law and overall efficiency in administering the tax code encouraged Congress to give them more and more responsibilities. Remember price controls (was it during the Nixon years?). Administration went to the IRS because their employees were tempered to operating by the law, in all its minute details, not only trained but trainable in new laws. Social policies like housing credits, education credits, energy credits, and now a chunk of health care were dumped on the tax collector because their employees could handle anything. If the agency moved at the speed of a rock going uphill like so many other federal agencies, Congress would never be able to make tax changes on December 30 and expect tax collection to proceed as usual during the filing season. They only did it because of all agencies, the IRS could manage it (and did, every time). Of course everyone hates the "tax man," so the IRS had to operate in a way that was beyond reproach. They did so for most of their history. Now to find out that they are corruptible and corrupted will damage all the goodwill they have worked for so long to create among taxpayers and Congress. And of course lawmakers have "punished" the agency by cutting their budget (real cuts, not just cuts in the rate of growth), so it is now public that there are less auditors and the chances of being audited are slimmer than ever. So fewer auditors will collect less money, fewer people will be compliant so even less will be collected, and our national debt will continue to soar. What business would cut its accounts receivable department, especially one that yields such a huge return on investment? I have often defended the IRS to my clients. I have great respect for the agents I know who take their positions of authority seriously and work hard to administer the laws fairly. I can never take their side again. The whole thing makes me sick.
    1 point
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