(originally launched into cyberspace on 08/23/2007)Dear Subscriber,
There isn't a particular point to this message, except to share a
story which appeared in an online CPA publication, which is too
weird not to mention. The story begins:
- -------------------------------------------
8 Million File Unnecessary Tax Returns
Washington, D.C. (Aug. 23, 2007) - More than 8 million people file
tax returns each year who don’t need to do so, imposing heavy costs
on the Internal Revenue Service, according to a new report from a
Treasury Department watchdog.
The Treasury Inspector General for Tax Administration looked at the
steps the IRS has been taking to reduce the number of tax returns
filed by individuals whose wages are too low to meet the filing
threshold. TIGTA found that taxpayers collectively spent an average
of $390 million and 75 million hours per year preparing and filing
unnecessary tax returns. The IRS, for its part, spent an average of
$11 million each year to process the unnecessary returns. ...
- ----------------------------------
For some strange reason, I find myself unable to muster much
sympathy for the IRS' problem. (Incidentally, they missed the
correct number of non-required returns by about 100 million--but we
are talking about government here, so that should come as no
surprise.)
Sincerely,
Larken Rose
www.larkenrose.com
