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First recorded activity by BoatBanter: Aug 2009
Posts: 5,427
Default Your gonna get screwed

So, I guess you didn't read this part:

"In another example of bad lawmaking, in 2007, Congress stuck into a
supplemental appropriations bill a major change in the way penalties are
computed for people in the business of preparing tax returns. Congress acted
without consulting with the IRS. The IRS chief counsel at the time, Donald
Korb, said publicly that the service had been "blindsided" by the change.
The change created a conflict of interest for tax professionals. It
subjected them to a higher penalty standard than their clients, which
encouraged them to give tax advice that protected the tax preparer more than
the taxpayer. The IRS and tax professionals tore their hair out trying to
sort through the mess until 2008, when Congress changed the law again."

This stuff happens all the time. But, it's Obama and Pelosi's fault, right?

"Frogwatch" wrote in message
...
On Aug 25, 10:21 am, Frogwatch wrote:
Are you sure you want a bill with this provision to
pass?http://online.wsj.com/article/SB1000...57435888264288...


I do not think including this was an accident but was intentional. If
this passes, ALL small businesses, the driver of our economy will be
forced to close because we all make mistakes and will be fined the
maximum amount. I believe this inclusion was intentional to destroy
the US economy and force us into socialism.
Kinda seems to be a whiff of blood and gunpowder in the air but I
cannot find the source.



--
Nom=de=Plume


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