Accounting Today posted an article by Michael Cohn early July 2014. The article summarizes a report from the Treasury Inspector General for Tax Administration(TIGTA). (A position created in 1998 to provide independent oversight of IRS activities.) http://www.accountingtoday.com/news/irs_watch/irs-loses-billions-on-erroneous-amended-tax-returns-71263-1.html I have four major issues with this report. First – The title itself is a sign of everyone’s misunderstanding of the IRS. The IRS collects money for the…
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