IRS Awry as Computer Tax System Falls Behind
The letter laments the IRS ADP system lag in processing individual income tax returns. It cites a 1960s switch to computers, budget cuts for revenue agents, and rising error rates, noting delays in 15 million returns and mounting workload. It urges staffing and training to restore efficiency.
MENTIONED IN THIS ARTICLE
Treasury
Congress
IRS
Lwho
Leon Gold
NYSE
Chicago
Mannheim
Waals
Ambitious Path to Becoming a Stockbroker in State College
A junior in a state university's College of Business Administration outlines steps toward a stockbroker career. The plan envisions supervised audits, community practice with higher income taxpayers, and eventual setup of a local firm announced through newspapers. The note emphasizes confidentiality and professional representation.
MENTIONED IN THIS ARTICLE
University’s College of Business Administration
Mane
Tax audits fall from 1963 to 1969 says expert
Leon Gold of the Research Institute of America notes a drop in audited individual returns from 5.6 percent of filings in fiscal 1963 to 3.6 percent in fiscal 1969. He predicts further declines to 3.1 percent and then 2.7 percent.
MENTIONED IN THIS ARTICLE
Leon Gold
The
Research Institute of America
Professional Training Path Through Experience and Aptitude
The path relies on substantial sales and financial experience plus a formal aptitude test. Beginning specialized training is favored in the mid-20s. A college degree is not mandatory if equivalent business or professional experience is shown.
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