|Articles|September 16, 2008

Physician's Money Digest

  • October31 2003
  • Volume 10
  • Issue 20

IRS Fails Its Test

A recent US Treasury Departmentinvestigation shows that depending onIRS help center staffers for correctanswers to tax questions is not a goodidea. Investigators posing as taxpayersgot wrong answers, or no answer at all,to 43% of their tax questions. As a result,as many as 500,000 taxpayers may havereceived faulty information. The IRSemployees answered 28% of the questionsincorrectly and, in 12% of the cases,told taxpayers to do their own research inIRS publications. Another 3% of thequestions went unanswered because theinvestigator could not get help at the center.The IRS contested the F grade, maintainingit actually deserved a C because itsstaff members gave out correct responsesto two thirds of the questions that wereactually answered.

Articles in this issue

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Consider the State of Retirement Today

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Bequeathing a Home Can Cause Unrest

almost 18 years ago

Don't Wear Your Raincoat in the Shower

almost 18 years ago

Portfolio CHECK-UP

almost 18 years ago

Red, White, and…Green?

almost 18 years ago

Who Decides How Much Is Too Much?

almost 18 years ago

Do You Need Long-term Care Insurance?

almost 18 years ago

Surplus Malpractice Coverage Has Perks

almost 18 years ago

Separate Second Home Fantasy from Fact

almost 18 years ago

Take Advantage of Savings Opportunities

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