Tag: IRS

Speaking of the IRS….

 

Well, at least someone was. The Nightly News featured about a 53-second segment on how the IRS is completely backed up on processing the 2020 tax returns.  If you blinked, you would have missed it.  However, it caught my attention because last week, we received a one-page letter that we had a credit that was deposited in our “account.”  Wow, I said to my husband, I think we have a refund! I put it aside, then looked at it again and decided to call our accountant.

His assistant asks me: “Did you owe money in 2020? (we always do so the answer was yes). Is it the same amount you owed? I wasn’t sure, but planned to dig out the return. She said they probably threw it away, but deposited your check.

“Excuse me, but what did you just say, I asked?! Could you repeat that – did you say they threw away our tax return??”

Jim and Greg are glad to see the public opposed by lopsided margins to many of the extreme provisions in the “Build Back Better” legislation. They also discuss new revelations about how involved Chris Cuomo was in helping his brother try to weather his many scandals. And they call foul on Twitter’s new policy banning any media unless everyone in the video or photo agrees to it.

 

Jim and Greg serve up all good martinis today! First, they welcome the warning from former Clinton administration Treasury Sec. Larry Summers that the Fed needs to focus on fighting inflation instead of getting involved in “woke” issues. They also enjoy seeing Maine Dem Rep. Jared Golden announce that he is opposed to the reconciliation bill, leaving Nancy Pelosi with a very narrow margin. And they’re happy to see Sen. Joe Manchin state that is opposed to the IRS getting access to our bank account transactions at any threshold without a very good reason.

 

Join Jim and Greg as they welcome the surprising analysis from NBC’s Chuck Todd that Pres. Biden had a major credibility problem on many different issues. They also smile at reports that Democrats fear they won’t be able to pass the $3.5 trillion monstrosity in its entirety or maybe at all, and they point out just one truly absurd provision in the bill that would impact all of us. And they highlight White House Press Secretary Jen Psaki for her ridiculous contention that illegal immigrants are not planning to stay long in the United States.

Breaking News: God Is a Republican!

 

In a roundabout way, the Infernal Revenue Service has declared God to be a Republican. Have a look:

An IRS official denied tax-exempt status to a Texas group that encourages church members to pray for state and national leaders regardless of their party affiliation because it benefits “the private interests of the [Republican] Party.”

Massive IRS Breach or Leak against “The .001 Percent”

 

Propublica, a leftist media organ, has just published an article on the wealthiest Americans, based on what they acknowledge to be illegal disclosure of taxpayers’ information. They will almost certainly not be prosecuted by the leftist DOJ careerists, once again backed by leftist political appointees. The leftist White House media mouthpieces are good with the felonies and already framing this as the rich not paying their fair share.

We see the set-up for Propublica’s June 8th publication in the June 7, 2021 White House press briefing:

It’s all good news on Tuesday’s Three Martini Lunch! Join Jim and Greg as they cheer a new rule which no longer requires many nonprofits to disclose donors to the IRS. They also cheer retail sales from May more than doubling expectations and suggesting Americans are ready to buy again. And they cheer politicians in the Williamsburg section of Brooklyn for defying New York City Mayor Bill de Blasio and busting open locked playgrounds in response to the city’s heavy-handed crackdown on the Orthodox Jewish community over COVID restrictions.

Thanks, IRS

 

Nice news from the IRS yesterday.  About two months ago we received a letter about our 2017 taxes.  Dear Mr. and Mrs E, we think you owe us about $7,000.

Turns out they were right that I missed reporting the cost basis for a mutual fund that we sold.  But I wrote them back explaining that the mistake actually caused us to overstate our gain, so we didn’t think any additional tax would be owed.  I was hoping they would just let it slide.

Jim Geraghty of National Review and Greg Corombos of Radio America welcome the news that tax refunds are now slightly outpacing the amounts issued last year by the IRS.  They also examine the record of the latest Democrat to run for president – former Colorado Gov. John Hickenlooper – and whether he has any path to victory.  And they get a kick out of New York Sen. Gillbrand insisting she’s not a flip-flopper after running for Congress as a moderate Democrat and now running for president as a ardent progressive.

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For this week’s Big Ideas with Ben Weingarten podcast, my guest was Rich Higgins. Higgins, an expert in unconventional warfare and combatting terrorism with over 20 years experience at senior levels of the Defense Department, and early supporter of President Trump, served as director for strategic planning in President Trump’s National Security Council (NSC). Preview Open

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Jim Geraghty of National Review and Greg Corombos of Radio America react to the IRS reportedly ignoring whether taxpayers failed to purchase health insurance in 2016.  They also discuss the latest revelations surrounding Mike Flynn and the leaking to the media by career national security personnel.  And they discuss the early speculation that Kid Rock may be recruited to run for U.S. Senate in Michigan.

A Smoking Gun

 

IRS ScandalIt has been obvious to anyone who has paid attention that the Obama administration made use of the Internal Revenue Service to confine and paralyze the Tea Party movement by denying many of the organizations that grew up after 2009 the tax-exempt 501(c)(4) status they sought or by delaying until after the 2010, the 2012, and, in some cases, the 2014 elections a decision on their applications. Back in May 2013, the Inspector General for the Department of the Treasury issued a report, revealing that, starting in 2010, the IRS had singled out groups with words such as “patriot” and “Tea Party” in their titles for intensive scrutiny and that at that time they “began using inappropriate criteria to identify organizations applying for tax-exempt status (e.g., lists of past and future donors).”

With Eric Holder, Loretta Lynch, and their minions in control of the Department of Justice, there was never any chance that there would be a full-scale investigation of these shenanigans and the lodging of criminal charges, and John Koskinen, who took over the agency at the end of 2013, has dragged his feet at every turn, vociferously denying that anything partisan in nature was done.

Judicial Watch, which has doggedly pursued this question through a Freedom of Information lawsuit first brought in October 2013, just discovered a smoking gun — notes taken at an interoffice meeting held in Washington DC, ca. August 2011 — where then IRS Director of the Office of Rulings and Agreements Holly Paz reported on what was going on:

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There are good reasons for letting Hillary Clinton retire quietly to Chappaqua, and the Huma Abedins and Lois Lerners slither back to their abodes, without pursuit for their crimes:  1) The electorate has already administered a sort of rough justice to Hillary and her coterie Preview Open

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In a new ruling, a federal judge slammed the IRS for continuing to hold up 501(c)(3) applications of TEA Party groups.  Here it is from PJMedia: After the IRS admitted it was maltreating the groups in 2013, the agency began to process most of the applications — but some of the groups sued, and the […]

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Turning the Tables on Sen. Warren

 

sen warrenSen. Elizabeth Warren grilled Wells Fargo’s CEO when he appeared before Congress Tuesday. The bank’s head, John Stumpf, came to Washington to answer for Wells Fargo employees who created millions of unauthorized bank and credit card accounts in the past five years. This earned the bank extra fees, of which the customers were unaware, while making Wells Fargo look like a great investment to Wall Street.

Warren thinks that the bank firing the 5,300 employees responsible is just window dressing. “You should resign,” Warren told Stumpf. “You should be criminally investigated.” A video of the exchange captivated struggling Americans angry at the elites who keep getting richer while they’re looking for change in their sofa to keep the lights on.