Tax Law Updates

Last month, news outlets were in an uproar over the $4.1 million the IRS spent on a 2010 employee-training conference held in Anaheim, California. Much of the controversy surrounded the approximately $50,000+ spent on obnoxious training videos with little redeeming or educational value. Other amounts spent ($133,000 to hire outside speakers at the event) also raised ire. These controversial expenses, as well as the controversy surrounding the IRS’ disproportionate scrutiny of conservative organizations’ tax-exempt status applications, have kept reporters busy. Read the rest of this entry »

News Flash!

Today Darrell Issa, Chairman of the U.S. House of Representatives Committee on Government Oversight and Reform released a 157-page Staff Report finding that Braulio Castillo, President and CEO of Strong Castle, Inc., an information technology company, thanks to a “cozy relationship” with IRS Deputy Director for IT Acquisition, Greg Roseman, obtained government contracts potentially worth over $500 million. The Report cited that “Castillo and Roseman had a long-term friendship that extended well beyond a professional relationship . . .” which was evidenced, in part, by numerous text messages, many of which contained vulgar material.

This may be today’s news, but it’s the same old story. Read the rest of this entry »