IRS tax adjustments not always fair study finds
The GAO report to Congress says most taxpayers accept IRS adjustments though audits can be wrong up to six percent. It cites notice failures and discretion in what counts as insignificant, proposing a uniform standard while noting changes to taxpayer rights procedures.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
General Accounting Office
Joint Committee On Internal Revenue Taxation
GAO
Tax man with own tax troubles surface in Sacramento
Sacramento AP report outlines Lee Baldarelli a 46 year old tax consultant with large personal tax debts. IRS records show unreported income totaling 108 426 for 1968 to 1971 and 133 821 due for 1966 to 1968 amid his Sacramento County office action.
MENTIONED IN THIS ARTICLE
Sacramento
The
Bee
Baldarelli
IRS
Sacramento County
Foremost-McKesson Admits Foreign Payments and Political Contributions
Foremost-McKesson disclosed to stockholders that it paid $231000 to four foreign governments to gain favorable tax treatment and concessions and $122200 in state and local political contributions, some with questionable validity. The firm, under SEC scrutiny, said payments were not properly recorded and that $15600 in foreign political contributions may have been legally made but not recorded. A federal judge had ordered a full inquiry into over $6 million in questionable payments across 19 subsidiaries.
MENTIONED IN THIS ARTICLE
New York
Foremost-McKesson
Knight News Service
Etherally Giant Corporation
Federal Securities and Exchange Commission
Foremost- McKesson
Corporation
San Francisco
SEC
Sidiaries
Also Mentioned on This Page
Santa
Lios Cerritos Center
South ST
Cerritos
Service
Accounting Office
Memphis
Kansas City
Airport Service
Orange Coast Sightseeing Co
Orange Coast
Airport Service Inc
Attac
Airport Service Inc. Subsidiary
Ghromalloy American Corp
Curtiss St
Anaheim
U.S
Typewriter City
SCM
Olivetti
Errerree
E. Broadway
Free Park
Caenee
RCA
Colortrak
RCA ColorTrak
Chapman
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