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Getting audited is such a hassle! Just ask the IRS.
A new report from the Government Accountability Office inspected the
tax agency's financial statements from the 2009 fiscal year with the
exacting thoroughness of, well, of an IRS auditor, and found a few
billion-dollar errors.
According to the report (PDF), the IRS made a variety of accounting
errors last year that "could adversely affect the reliability of its financial
statements" and result in "duplicate or erroneous refunds." Among the
mistakes were a "failure to record the receipt of a taxpayer’s $3 million
payment" and an $8 billion discrepancy between two accounting systems
tracking how much money taxpayers owe. The audit also found a
$5.1 billion "unexplained variance" between the total amount the agency
took in last year and the amount its detailed tax files said it took in.
But what's a few billion here or there, right?
Originally posted by boondock-saint
How in the he!! can you lose 13 Billion dollars???
In truth, the shortcomings are all relatively minor infractions given the size of the IRS
Originally posted by Wolf321
Originally posted by boondock-saint
How in the he!! can you lose 13 Billion dollars???
You don't. You do with it exactly what you want or are told to do with it, and don't right it down, and assume that you will never be audited, like usual.
I feel that is just the tip of the iceberg.
Originally posted by boondock-saint
5B plus 8B = 13B in just 1 year !!!!
How in the he!! can you lose 13 Billion dollars???
But I didn't see the Gov slap them with a fine
like they do us when we make a mistake.
[edit on 30-6-2010 by boondock-saint]
Originally posted by Maxmars
The ironic side of this is the pounding the people at the GAO are going to get at their next 'personal' audits.
Originally posted by mnemeth1
Pelosi has been using the stolen loot to buy booze.
That's where it went.
Srsly.
www.wnd.com...
Originally posted by ThaLoccster
I'd sure like to see some penalties.
But what are you gonna do, its like telling your 5 year old he can figure out how to punish himself. He'll be watching spongebob and eating all the snacks the rest of the day.
I particularly liked this quote...
In truth, the shortcomings are all relatively minor infractions given the size of the IRS
This guy probably tells his wife her big vagina just makes his penis look small.
Yeah 13billion is chump change, but they are garnishing my buddies check over $800 which was their mistake.
I bet Karzai shipped some of that money out in Afghanistan.
I also liked how they lost a guys million dollar payment, I wonder if he had to pay that again or if they finally figured out he did but they lost. And knowing the IRS, they probably said "well you were supposed to pay us, and since the money was lost, you didn't pay us...."
Originally posted by boondock-saint
How in the he!! can you lose 13 Billion dollars???
Originally posted by boondock-saint
Is Pelosi above the law ?????
Originally posted by solarstorm
Originally posted by boondock-saint
Is Pelosi above the law ?????
No...Piglosi is down low...drowning in buckets of Botox.
Originally posted by twitchy
Bah, the DOD lost a trillion bucks, and some of those people were promoted, one of them,Jamie Gorelick, even got to sit on the 9-11 commission then go on to loose another 10 billion through Fannie Mae. Cronyism blatantly rewards this kind of behavior, and We the People sit here in awe and do nothing to stop it. But then again, What can we do?
"Pay any F.R.B. Branch or Gen. Depository for Credit U.S. Treas. This is in Payment of U.S. Oblig."
The Truth Shall Set You Free
It goes straight to the Banksters...so they can afford their Yachts !