Tuesday, April 24, 2018

It pays to work for the IRS

THE WEEK THAT WAS

WINNER: Tampa Bay

International Indian Film Academy's Weekend & Awards adds a bit of bling to bay area's image.

LOSER: General Motors

It's trying to use terms of its 2009 bankruptcy to avoid some liability for ignition switch recall that affects 2.6 million autos and caused 13 deaths.

Failure to pay taxes is bad news for most Americans, but apparently not for some employees of the Internal Revenue Service who received performance bonuses from the agency despite failing to pay what they owed. The IRS paid a total of about $1.1 million in bonuses over approximately a two-year period to more than 1,100 employees who had been disciplined for "substantiated federal tax compliance problems," according to an inspector general's report. Those employees also received awards of more than 10,000 hours of extra time off and 69 faster-than-normal pay grade increases. They were among more than 2,800 IRS employees during that period who got performance awards within one year of disciplinary action, such as suspensions or written reprimands, the report found.

– Los Angeles Times

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