September 10, 2014

WHO COULD HAVE SEEN THIS ONE COMING? Breitbart News says IRS targeted company for audit. And who could hear this without laughing?

The agency said in a statement: “Federal privacy laws prohibit the IRS from commenting on specific taxpayer situations. The IRS stresses that audits are based on the information related to tax returns and the underlying tax law — nothing else. Audits are handled by career, non-partisan civil servants, and the IRS has safeguards in place to protect the exam process.”

Nobody believes this anymore. Which is, as I warned it would be, a real loss.

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