Relevant and even prescient commentary on news, politics and the economy.

Information Reporting on foreign depositors in US banks–Florida’s GOP delegation shamefully supports tax evasion facilitation

by Linda Bealecrossposted with Ataxingmatter Information Reporting on foreign depositors in US banks–Florida’s GOP delegation shamefully supports tax evasion facilitation Many wealthy Americans have taken advantage of banking secrecy in other countries, particularly Switzerland, to hide their assets and income from the United States, thus avoiding paying their fair share of taxes on their riches.  […]

Audit rates for the rich increasing–about time

by Linda Beale Audit rates for the rich increasing–about time crossposted with Ataxingmatter Note to readers:  sorry for the long absence again–personal circumstances prevented my blogging for the last several weeks.  I hope that I can again resume regular blogging now, but do apologize for the absence. The IRS recently released its 2010 Data Book, […]

HEALTH CARE Thoughts: IRS resources

HEALTH CARE thoughts: The Taxpayer Advocate and others are unhappy National Taxpayer Advocate Nina Olson is reported to be unhappy about the major IRS role in the new health care regime. Olsen believes the IRS is already overworked (she used “overtaxed” in her annual report issued this month, a great pun) and needs more money […]