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Taxes – we pilfer from them but we won’t pay them & other news

Meanwhile, the owners and officers of some contractors that weren’t paying federal taxes had significant personal assets, including a sports team, a high-performance airplane, commercial properties, multimillion-dollar homes and luxury vehicles, the GAO said in its 2007 report. ~ Tom Shean – Virginian-Pilot~

History Facts for May 22

  • 1455 – King Henry VI was taken prisoner by the Yorkists at the Battle of St. Albans, during the War of the Roses.
  • 1900 – The Associated Press was incorporated as a non-profit news cooperative in New York.
  • 1977 – Janet Guthrie set the fastest time of the second weekend of qualifying, becoming the first woman to earn a starting spot in the Indianapolis 500 since its inception in 1911.
  • 1995 – Mr. and Ms Sparky were married
  • illustration by Jacob Thomas (Bloomberg)

    Tax requirement delayed, to the relief of companies
    Tom Shean – (The Virginian-Pilot) – May 22, 2011 – Companies doing business with the federal government have a bit more breathing room from what some say is an onerous tax provision.

    Earlier this month, the IRS delayed for another year a government plan for holding back 3 percent of the amounts paid to federal contractors.

    The program, designed to cover contractors’ tax liabilities, originally was scheduled to take effect at the beginning of 2011. The date was pushed back two years ago to 2012. Now it’s Jan. 1, 2013.

    Still, “it will be a cash-flow nightmare” for smaller defense contractors, especially those with modest profit margins, predicted Gregg N. Funkhouser, partner in charge of government contracting for the CPA firm Dixon Hughes Goodman.

    While the average profit margin for his defense-contractor clients is 7 percent, the margins for some are as low as 1 percent, and these companies likely will suffer, Funkhouser said during a presentation in Norfolk last week. (Click HERE for article)

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    Military’s casualty notification system often frustratingly uneven for families

    Hands on FlagBy Geoff Ziezulewicz – Stars and Stripes – August 5, 2010
    Families with troops who died in noncombat situations generally reported a harder time getting answers than those whose loved ones were killed in battle.

    Tragedy Assistance Program for Survivors The casualty notification officers somberly relayed their message: It was one of her twin sons, Army Staff Sgt. Ryan Maseth, who had perished.

    They couldn’t provide any more information to Harris, nothing else to help the reeling mother absorb or even comprehend the shock.

    “Their job was to convey he died,” Harris said. “That’s it. I actually for a brief period of time thought he’d been murdered. That was even more horrible.”

    It wasn’t until the next day that Harris was told that her son had been electrocuted in a shower, but still there were few details. Desperate for answers, Harris started hounding the Army’s Criminal Investigation Command, and three weeks later, she found out that an electrical system had shorted out, killing Maseth in the shower at the Radwaniyah Palace Complex in Baghdad.

    “I don’t think I would have been told that unless I had constantly pressured and questioned [the military],” said Harris, who later filed a wrongful-death lawsuit against KBR, the contractor responsible for the wiring. “They told me it was difficult to relay information from Iraq to the U.S. I said, ‘How are you fighting a war?’?”

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