Excise Tax Abuse
I'll apologize in advance because the IRS press release I'm citing is a couple months out of date, but, since April 15th is only two weeks away it's still pretty relevant for those who have yet to file their taxes.
The IRS, in February, issued search warrants and sent special criminal investigators to seven tax preparation businesses they suspected of inflating their clients' excise tax refund amounts, including a couple here in Texas.
Truthfully, the telephone excise tax refund is, to me, at this point, almost more trouble than it is worth. How much is this IRS investigation costing taxpayers, particularly honest taxpayers who had no desire to cheat the system? Probably a lot more than we want to know, what with criminal investigators being flown to locations, seizing property, and the usual government mound of paperwork entailed. How many times have I posted about this refund in the last few months?
Really - don't they have other things to do, like, oh, ~simplifying~ the tax code? I'll take that over a little one time refund any day!
The IRS, in February, issued search warrants and sent special criminal investigators to seven tax preparation businesses they suspected of inflating their clients' excise tax refund amounts, including a couple here in Texas.
Truthfully, the telephone excise tax refund is, to me, at this point, almost more trouble than it is worth. How much is this IRS investigation costing taxpayers, particularly honest taxpayers who had no desire to cheat the system? Probably a lot more than we want to know, what with criminal investigators being flown to locations, seizing property, and the usual government mound of paperwork entailed. How many times have I posted about this refund in the last few months?
Really - don't they have other things to do, like, oh, ~simplifying~ the tax code? I'll take that over a little one time refund any day!
Labels: Taxes
posted by Dy at 6:07 PM
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