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	<title>CFOsnafu.com &#187; Income tax</title>
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	<description>Some days it should be legal to keep two sets of books</description>
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		<title>IRS: &#8216;Steal all you like, just report it, please&#8217;</title>
		<link>http://www.cfosnafu.com/irs-steal-all-you-like-just-report-it-please/</link>
		<comments>http://www.cfosnafu.com/irs-steal-all-you-like-just-report-it-please/#comments</comments>
		<pubDate>Mon, 26 Jan 2009 11:00:20 +0000</pubDate>
		<dc:creator>Shane Borer</dc:creator>
				<category><![CDATA["Would you want this person in Finance?"]]></category>
		<category><![CDATA[Assessments]]></category>
		<category><![CDATA[In this week's e-newsletter]]></category>
		<category><![CDATA[Latest news & views]]></category>
		<category><![CDATA[DEA]]></category>
		<category><![CDATA[Illegal drugs]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[Tax return]]></category>

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		<description><![CDATA[You can run and hide, but IRS has a message for any would-be criminals: Justice takes a backseat to taxes. After failing to report a large portion of income on his personal tax return, former Drug Enforcement Agency agent Greg Campion was sentenced to 21 months in federal prison. The &#8220;income&#8221; Campion hid went unreported [...]]]></description>
			<content:encoded><![CDATA[<p>You can run and hide, but IRS has a message for any would-be criminals: Justice takes a backseat to taxes. <span id="more-372"></span></p>
<p>After failing to report a large portion of income on his personal tax return, former Drug Enforcement Agency agent Greg Campion was sentenced to 21 months in federal prison. The &#8220;income&#8221; Campion hid went unreported because he&#8217;d stolen the cash from his operations against illegal drug runners.</p>
<p>Amazingly, the fact that Campion had skimmed some drug money from the top wasn&#8217;t the main issue with IRS or the Department of Justice &#8212; it was his failure to complete required paperwork. His theft of the drug money was uncontested, but the feds said the least Campion could do was correctly report his hard-stolen funds on his tax return.</p>
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		<title>IRS glitch doubles refund for lucky few</title>
		<link>http://www.cfosnafu.com/irs-glitch-doubles-refund-for-lucky-few/</link>
		<comments>http://www.cfosnafu.com/irs-glitch-doubles-refund-for-lucky-few/#comments</comments>
		<pubDate>Thu, 22 May 2008 10:01:43 +0000</pubDate>
		<dc:creator>Shane Borer</dc:creator>
				<category><![CDATA[In this week's e-newsletter]]></category>
		<category><![CDATA[Latest news & views]]></category>
		<category><![CDATA[Tech failure]]></category>
		<category><![CDATA[Computer glitch]]></category>
		<category><![CDATA[E-filing]]></category>
		<category><![CDATA[Economic stimulus]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[IRS]]></category>

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		<description><![CDATA[Thanks to a problem with the Service&#8217;s e-filing system, a number of taxpayers will be getting a much-appreciated boost to their income tax rebates. The computer glitch affects taxpayers whose income was below the filing threshold, but e-filed to receive their economic stimulus check. To allow people to e-file their returns, IRS let these people [...]]]></description>
			<content:encoded><![CDATA[<p>Thanks to a problem with the Service&#8217;s e-filing system, a number of taxpayers will be getting a much-appreciated boost to their income tax rebates. <span id="more-120"></span></p>
<p>The computer glitch affects taxpayers whose income was below the filing threshold, but e-filed to receive their economic stimulus check. To allow people to e-file their returns, IRS let these people enter $1 for their adjusted gross income.</p>
<p>But, instead of factoring in that dollar as gross income, the Service&#8217;s system recorded it as a $2 earned income credit for the e-filers.</p>
<p>And in a rare show of generosity, IRS isn&#8217;t asking for the money to be repaid.</p>
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