Posts Tagged ‘PFGBest’

Tax Roundup, 7/26/2012: public employee accountability edition.

Thursday, July 26th, 2012 by Joe Kristan

That’ll teach ’em. The Oregon state employees who issued a $2.1 million fraudulent refund to the world’s thriftiest tax cheat have been disciplined, says the Huffington Post:

Two employees have been reassigned to jobs in which they will no longer have the authority to approve cash refunds, spokesman Derrick Gasperini said Wednesday. Two others received unspecified disciplinary action for the blunder, but can stay in their current positions.

Not bad.  I wonder how many private sector employees  would keep their  jobs after clearing a $2 million improper vendor claim?  They should also have to share a ride to work in the 1999 Dodge Caravan the tax cheat bought with her loot.  She added new tires, after all.

PwC Forensic Experts to Determine How Much Money PFGBest Customers Won’t Be Getting Back (Going Concern).  “The bright side in all this is…oh, let’s face it: when your broker’s auditor is in jorts, the situation is hopeless”

In the alternate universe in which such a bill could pass: What the Dueling Senate Bills on Expiring Tax Cuts Would Mean for Taxpayers (Howard Gleckman, TaxVox)

Anthony Nitti: You Can’t Exclude COD Under the Insolvency Exception if You Can’t Prove You’re Insolvent

Kay Bell: Does shaming taxpayers work? 

Kaye Thomas: Demutualization Soup: Another Ruling

Or self-torture. Cat Breeding – “Trade or Business” or Hobby? (Jana Luttenegger, DavisBrown Tax Law Blog).