IRS tax adjustments held not always fair
The GAO found IRS adjustments are not always fair, with errors about 6 percent due to taxpayers not being informed of appeal options. It urged the IRS to notify taxpayers of avenues of appeal and to standardize what counts as an insignificant adjustment to avoid inconsistent treatment.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
General Account In Office
Joint Committee On Internal Revenue Taxation
IRS
TRS
GAO
Service
Accounting Office
Memphis
Kansas City
Horey-tyg
Tax man with own tax troubles highlighted by Sacramento Bee
Sacramento AP report centers on Lee Baldarelli 46 a tax consultant whose own income tax issues contrast with his firm serving about 200000 Northern Californians. IRS found unreported income 1968 1971 totaling 108425 plus penalties. Baldarelli refused comment from his Nevada County ranch amid public tax scrutiny and related audits.
MENTIONED IN THIS ARTICLE
Sacramento
The
Bee
Baldarelli
TRS
Sacramento County
Foremost-McKesson Admits Foreign Payoffs and Political Gifts
U S firm Foremost-McKesson acknowledged paying 231000 to four foreign governments to gain favorable tax treatment and concessions while recording lapses. It also disclosed 122200 in state and local political contributions with 5000 flagged as questionable, and 15600 in foreign political gifts. The company faces SEC scrutiny and previous court orders for improper payments across six years, with a 95,000 settlement.
MENTIONED IN THIS ARTICLE
New York
Foremost-McKesson
Knight News Service
Giant
Corporation
Federal Securities and Exchange Commission
Foremost McKesson
Makin
San Francisco
SEC
Also Mentioned on This Page
Lios Cerritos Center
South ST
Cerritos
Airport Service
Orange Coast Sightseeing Co
Orange Coast
Airport Service Inc
Airport Service Inc. ‘Subsidiary OF
Chromalloy American Goap
E. Certitos
Anahem
Fyoukei
Hhenou Pe
U.S
Olivet
E. Broadway
Free Park
Big Machine
RCA
RCA ColorTrak
ColorTrak
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