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...have since been downgraded. "We need to consider alternatives to the issuer-pay model," SEC commissioner Elisse Walter said in a speech in March. One idea: level the playing field so that new competitors, like smaller agencies that charge investors instead of issuers, can better compete. Another option: a tax on investors, issuers or even the public at large in order to create a central pool of money with which to buy ratings to be made public. (See the best business deals...

Author: /time Magazine | Title: The SEC's Next Challenge: Fixing the Ratings Agencies | 4/15/2009 | See Source »

None the less, this Obama appointment, a 6-month old Portuguese Water Dog, has at least escaped the tax troubles that have dogged torpedoed previous high-level appointments. That being said, the latest addition to the Obama team has not escaped controversy--those with nothing better to do critics clamor that the choice of a purebred dog exemplifies the shallowness of Obama's claim to bring "change...

Author: By Elias J. Groll | Title: Yay! OMG! Puppies! | 4/15/2009 | See Source »

...Internal Revenue Service seems like a faceless bureaucracy without much heart, says a former insider, that may be because it is. Richard Yancey has seen the all-powerful IRS from the inside out, spending 12 years as a government "repo man" pursuing businesses and individuals with long overdue taxes. Yancey left the job in 2003 with decidedly mixed impressions, which he writes about in his memoir, Confessions of a Tax Collector. Yancey spoke with TIME about his years as a revenue officer, getting jumped on the job and what to do if the IRS comes knocking. (Read "Another Victim...

Author: /time Magazine | Title: Confessions of a Tax Collector | 4/15/2009 | See Source »

...basically stumbled into the job after responding to a newspaper ad, but kept at it for 12 years. Does that mean you enjoyed it? (See the 10 valuable tips for tax season...

Author: /time Magazine | Title: Confessions of a Tax Collector | 4/15/2009 | See Source »

...write about a lonely, tax-delinquent business owner who would call you sometimes just to talk. Did people often lean on you emotionally...

Author: /time Magazine | Title: Confessions of a Tax Collector | 4/15/2009 | See Source »

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