Irony alert: IRS fails government audit

Getting audited is such a hassle! Just ask the IRS.

A new report from the Government Accountability Office inspected the tax agency's financial statements from the 2009 fiscal year with the exacting thoroughness of, well, of an IRS auditor, and found a few billion-dollar errors.

According to the report (PDF), the IRS made a variety of accounting errors last year that "could adversely affect the reliability of its financial statements" and result in "duplicate or erroneous refunds." Among the mistakes were a "failure to record the receipt of a taxpayer’s $3 million payment" and an $8 billion discrepancy between two accounting systems tracking how much money taxpayers owe. The audit also found a $5.1 billion "unexplained variance" between the total amount the agency took in last year and the amount its detailed tax files said it took in.

But what's a few billion here or there, right?

In truth, the shortcomings are all relatively minor infractions given the size of the IRS, and don't materially affect its performance of its duties. And you'll find similar lapses in virtually any close examination of a huge bureaucracy.

But it's still good to know that the IRS had to go through it, if only so it can empathize with the American taxpayer.

— John Cook is a senior national affairs reporter for the Yahoo! News blog.

Views: 69

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by youhavetoforgiveme on July 1, 2010 at 2:50pm
How ironic....ya think maybe we should call fairtax.org?

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

tjdavis posted a video
10 hours ago
Doc Vega posted blog posts
yesterday
Burbia commented on Cryptocurrency's group Video Archive
yesterday
Doc Vega commented on Doc Vega's blog post How Many Clues Did You Need To Figure out the Covid scare was Bogus? Revisiting Stupidity
"cheeki kea you are spot on. It won't be until the elephant on Wall Street is as high as the…"
Monday
Sandy posted photos
Monday
harrisseo is now a member of 12160 Social Network
Sunday
Doc Vega's 4 blog posts were featured
Sunday
tjdavis posted a blog post
Saturday
tjdavis posted videos
Saturday
cheeki kea left a comment for Gordon Freeman
"Greetings and welcome to you Gordon it's great to have you join us all here."
Friday
cheeki kea commented on cheeki kea's photo
Friday
cheeki kea posted a photo
Friday
cheeki kea commented on Doc Vega's blog post How Many Clues Did You Need To Figure out the Covid scare was Bogus? Revisiting Stupidity
"For those trapped in mass formation the ugly truth and all the clues will not be realised until the…"
Friday
cheeki kea favorited Doc Vega's blog post How Many Clues Did You Need To Figure out the Covid scare was Bogus? Revisiting Stupidity
Friday
tjdavis posted a video

Dare to Dream/Dare to Build

As we enter the month of Av we intensify our traditional mourning for the Holy Temple, but are we really in touch with what we are mourning for? Are we ready...
Apr 1
Gordon Freeman is now a member of 12160 Social Network
Mar 31
Burbia posted a photo
Mar 31
Doc Vega commented on Doc Vega's blog post How Many Clues Did You Need To Figure out the Covid scare was Bogus? Revisiting Stupidity
"The Chinese sent more than 100 thousand visitors to the US after the failure of the Wuhan lab to…"
Mar 30
Sandy posted photos
Mar 30
Doc Vega commented on Doc Vega's blog post This is What Pisses Me Off-How About You?
"Burbia! Thank you for the video, yes Texas aint puttin up with this shit! "
Mar 29

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted