Friday, February 10, 2006

A great example of how our politicians have completely screwed up our Federal tax system

As many of you know my wife is a CPA and she runs a local Public Accounting firm. I work for her...

It is obviously tax season and we are quite busy.

We have FOUR tax returns that we have completed; but, we cannot print them off and file them with the IRS and you will not believe why.

The IRS just released some of the rules to be used for these tax returns TODAY. Congress kept screwing around with the tax code well into December. The IRS is having to deal with this... So we have to deal with this. So our clients have to deal with this...

Note: Some of the IRS forms still have NOT been made final!

2 comments:

Kenn Gividen said...

Mike,

I've often wondered how the IRS can find the $24.50 I underpaid on my taxes, yet the Republicans in Washington can't find the $24.5 billion they lost.

(2003 The Department of the Treasury’s 2003 Financial Report of the United States Government included a brief section titled “Unreconciled Transactions Affecting the Change in Net Position.” It noted that $24.5 billion, spent while Republicans were on watch, can't be found. Someone spent it on something; but no one knows who spent the money or why.)

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