That ticking you hear is time running out on the IRS.
By CPA Trendlines Research
America is a great nation but not without its occasional embarrassment. One of the lesser-known national ignominies is the patched-up, jury-rigged Studebaker at the core of the IRS information technology system.
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Studebaker didn’t manufacture the Individual Master File system, but the company was producing the Lark at about the same time the IMF was installed at the IRS in the early 1960s. Studebaker has long since gone out of business, and Larks are as dead as dinosaurs, but the IMF is still chugging away.
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