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In the News - 22 Nov: Barry Bonds Mitt Romney Rupert Murdoch Santa Claus Pearl Harbor

Topic: IRS

Vital Stats

The Brain has inferred the following facts from reading text collected on the topic:

Most admires:

Chu Mei-Feng, Al Capone, Bill Gates

Favorite possession(s):

Wiretap kit, Credit card

Religion(s):

Scientologist

Dream job(s):

Tax Collector, Banker

Favorite TV show(s):

Big Brother, Who Wants to Be a Millionaire

Favorite book(s):

"The Firm" by John Grisham
"Dianetics" by L Ron Hubbard

Interest(s):

Law

Favorite movie(s):

Happy Gilmore

Listens to:

REM

Ultimate fantasy(s):

Getting off welfare, Bankruptcy

Favorite quote(s):

"There is no reason anyone would want a computer in their home." - Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977
"If trees could scream, would we be so cavalier about cutting them down? We might, if they screamed all the time, for no good reason." - Jack Handey
"Make love, not war. Hell, do both, get married!"

Expert Talk

The Brain has selected interesting relevant sentences from the web. It automatically assigned them to some of our fictitious experts based on their personalities.

Brian Mengel,
Civil Servant

IRS has now provided rules for obtaining the waiver which apply to distributions from an individual retirement plan described in Code Sec.
The IRS concluded that the transfers would not result in taxable gain or income to the employee and would be considered completed gifts conditioned on the employee not retaining any power or rights over the options.
Prior IRS rules required a plan to contain all of the necessary safe harbor provisions before the beginning of a plan year in order for the plan to qualify as a safe harbor plan for that year.

John Fielding,
CEO

The IRS is required to conduct a detailed financial audit of large undercover operations in which the IRS is churning funds and to provide an annual audit report to the Congress on all such large undercover operations.
The IRS agent will also review the dividend paying history of your corporation and whether loans were made to other stockholders in proportion to their ownership interest in the corporation.
The IRS has set laws which sets the annual limit for compensation which can be taken into account for each employee in determining contributions or benefits under a qualified retirement plan.

Dave Simons,
Internet Entrepeneur

IRS builds the most advanced Portable and Permanent heat extraction grid systems available.

Mike Enlow,
Internet Marketer

The IRS is getting tougher; without a correct number your chances of a delay in getting a refund increases substantially.
The IRS has also instituted a fraud and scams page on their website.

Josh Hogan,
Commander

The IRS recently ruled that the cost of underground storage tanks that will be used to replace old storage tanks and sealed indefinitely are currently deductible.

Bob Greenberg,
Congressional Candidate

IRS makes a distinction between taxpayers making a sincere effort to pay their debt and taxpayers who show little or no evidence of cooperation.
IRS Taxpayer Advocate Val Oveson recently told Congress that elimination of the AMT should be a top tax simplification priority.

User Talk

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