One of the "norms" on which our tax laws depend is the inherent honesty of the CPAs and accounting firms that prepare them for businesses. Now it is revealed that the gaping holes in these norms allow for those rampantly corrupt to pass through with apparent ease paying little to no taxes. Lest those reading this believe Trump is the o…
One of the "norms" on which our tax laws depend is the inherent honesty of the CPAs and accounting firms that prepare them for businesses. Now it is revealed that the gaping holes in these norms allow for those rampantly corrupt to pass through with apparent ease paying little to no taxes. Lest those reading this believe Trump is the only thief in the forest, let me assure you that the corporate woods are full of such bandits. Continuing defunding of the IRA has only made the sheriff's forces stretched them more thinly making it easier for these bandits to continue to rob and pillage. Yes, our tax laws need adjustments and rewriting to eliminate or at least significantly reduce abuses, but just as importantly they need enforcement. Chasing small cheats and abuses is more costly than the revenues it produces and abuse avoided. But the wealthy and large businesses with relatively small tax liabilities need much closer scrutiny and real enforcement and most importantly prosecution. Such prosecutions should result not only in recoveries of taxes but serious criminal sentences/penalities for taxpayers, corporate executives, and their accountants and executives of accounting firms helping to prepare returns and audit such firms.
It is the American taxpayers who are being cheated in the present system. Those paying the bills of those avoiding paying taxes they should legitimately have paid.
And i've worked in the consulting arms of three of the biggest cpa/tax/audit networks in the world. I've seen them at it and getting rich themselves in the process.
We are waiting to hear what our CPA has to say when we try to deduct hair cuts. She has told people that they can forget about her bending the rules for them and find another CPA.
One of the "norms" on which our tax laws depend is the inherent honesty of the CPAs and accounting firms that prepare them for businesses. Now it is revealed that the gaping holes in these norms allow for those rampantly corrupt to pass through with apparent ease paying little to no taxes. Lest those reading this believe Trump is the only thief in the forest, let me assure you that the corporate woods are full of such bandits. Continuing defunding of the IRA has only made the sheriff's forces stretched them more thinly making it easier for these bandits to continue to rob and pillage. Yes, our tax laws need adjustments and rewriting to eliminate or at least significantly reduce abuses, but just as importantly they need enforcement. Chasing small cheats and abuses is more costly than the revenues it produces and abuse avoided. But the wealthy and large businesses with relatively small tax liabilities need much closer scrutiny and real enforcement and most importantly prosecution. Such prosecutions should result not only in recoveries of taxes but serious criminal sentences/penalities for taxpayers, corporate executives, and their accountants and executives of accounting firms helping to prepare returns and audit such firms.
It is the American taxpayers who are being cheated in the present system. Those paying the bills of those avoiding paying taxes they should legitimately have paid.
Sorry should read defunding of the IRS.
It would be really good if this platform allowed self-edits.
And i've worked in the consulting arms of three of the biggest cpa/tax/audit networks in the world. I've seen them at it and getting rich themselves in the process.
We are waiting to hear what our CPA has to say when we try to deduct hair cuts. She has told people that they can forget about her bending the rules for them and find another CPA.