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The IRS Is So Stupid

March 28, 2011

from Baseline:

instead of dealing with serious issues, it seems like the IRS is going after individuals for — get this — falsifying their income on stated-income loans. Yes, they’re going after borrowers. Joe Nocera tells the story of Charlie Engle, who is going to jail because an IRS agent saw him in a movie about ultra-marathoning and wondered how he found time to train for it; because the IRS sent an “attractive female undercover agent” after Engle on suspicion of money laundering; because Engle or his broker falsified his income on a mortgage application; and because the broker testified against him and got a shorter sentence, despite pleading guilty to falsifying multiple mortgage applications (since when do you give the more senior person a plea to testify against the more junior person in the conspiracy?). The kicker is that Engle is going to have to pay $262,500 in restitution to Countrywide, the “victim” in this affair.

2 Comments leave one →
  1. March 28, 2011 4:42 pm

    That great political humorist, Will Rogers {1879-1935}, said it best: “The income tax has made more liars out of the American people than golf has.
    Even when you make a tax form on the level, you don’t know when it’s through if you are a crook or a martyr.”
    Rogers was noted for his quip; “I never met a man I didn’t like.”
    He offered this sound advice: “Live your life so that whenever you lose, your ahead.” Rogers was born on a ranch in the Cherokee Nation. I vividly recall
    the sadness that gripped the nation in 1935 when his plane went down in Alaska. Our country was in the throes of a great depression, but still the loss
    of this hilarious comedian and great humanitarian added to our dolefulness.

  2. January 20, 2012 1:09 pm

    I’m about ready to. The first nim-rod I was grilled by didn’t know the difference between an S Corp and a C Corp.(I have an S Corp). After I demanded that he bring somebody else in that knew something more than tieing their shoelaces, I was introduced to his supervisor. She spent most of the time staring blankly at my last 7 years tax filings and then ( and I’m not making this up) asked if I was set up as Sole Propriotership. After showing her the Letters of Incorporation and again the last 7 years tax filings, she said that she would have to consult her superior.

    Now, anybody out there knows that an S Corp is about as simple as it gets.

    How can these people be so stupid?

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