IRS overhaul faces huge hurdles amid massive record flaws
The IRS, a 132 year old agency with 115000 employees and a $1.12 trillion annual haul, faces deep problems in its bookkeeping. Audits found inflated asset values, missing records, doctored files, and widespread errors. Despite plans to reinvent itself, GAO and congressional scrutiny continue as lawmakers monitor progress in the coming year.
MENTIONED IN THIS ARTICLE
United States
Transac
Internal Revenue Service
IRS
Burt
General Accounting Office
Henry Holmes
Congress
GAO
Metal bunk beds recalled by four importers in safety crackdown
The Consumer Product Safety Commission announced a recall of nearly 7,000 metal bunk beds due to potential collapse. Importers Gold Key Enterprises Bernards S&A Imports and Fashion Hed Group face replacement or repair programs for beds with cracked paint or metal. An earlier recall involved L Powell Co Montgomery Ward Southern Enterprises Coaster Rosario.
MENTIONED IN THIS ARTICLE
Washington
Consumer Product Safety Commission
Commission
Ann Brown
Gold Key Enterprises
L. Powell Co
Culver City
Calif
Montgomery Ward
Chicago
Southern Enterprises
Dallas
Coaster Company
Santa Fe Springs
Rosario, Inc
Jeffersonville
Ind
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