Monday, February 8, 2010

Indecent Communications

The Commissioner of the IRS, one Doug Shulman, made a startling comment in a speech made to the NYS Bar Association recently:
"I have recently been reaching out to corporate board members to discuss the importance of appropriate oversight of tax compliance and I will continue to do outreach in this community."
What?!?!?

Board members are i) aware of their fiduciary and oversight responsibilities, ii) have much more consequential items to discuss with management and, consequently, iii) don't have time for dog and pony shows with the IRS.

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