The Internal Revenue Service has made changes in order to help with the Ebola outbreak in West Africa, by removing a potential tax angle that might discourage some workers from giving under workplace leave-donation programs. According to the tax code, employees are often able to arrange for their employers to […]
Category: IRS
In the first part of this post, we began discussing the issue of the confidentiality of sensitive and personal information submitted by taxpayers to the IRS. We noted that a report recently issued by a key government watchdog agency found serious concerns with the performance of the IRS in safeguarding […]
The Internal Revenue Service is expecting a plethora of complications with the coming tax-filing season, IRS Commissioner John Koskinen said in an interview with the nonprofit publisher Tax Analysts that was published this week. Mr. Koskinen suggests, “The difference this year compared to the past is we are having to […]
To be sure, the IRS has various sticks at its disposal to deploy to enforce tax compliance. These tools do not only include tax audits; in more severe cases, the threat of criminal prosecution is also present. Overall, however, the IRS is able to bring in much of the nation’s […]
The tax deadline that most worry about is April 15. However, if you filed for a six-month extension back in the spring, you only have several more days to file your 2013 tax return before the October 15 deadline. Any taxes that you owed for the 2013 tax year were […]
A new Government Accountability Office report includes recommendations for the Internal Revenue Service designed to cut identity theft and fraud. The first is to advance the W-2 filing deadline. The second is to lower a threshold for the electronic filing of W-2 Forms. In a preliminary analysis of 2013 tax […]
Even though tax season is long over that has not stopped phone scammers warns the Internal Revenue Service. In Bell County, Texas, an elderly woman lost $2,500 in an IRS phone scam. The woman received a call from a person claiming to be with the IRS. The caller told the […]
With oil and gas companies spending billions of dollars on hydraulic fracturing the country’s shale formations, they are discovering the advantages of deferring their taxes year after year. Within the U.S. tax code are incentives that provide for drilling investors a way to put off paying taxes, as long they […]
Internal Revenue Commissioner John Koskinen said at a congressional hearing Wednesday that the IRS Inspector General has begun the process of reviewing agency computer backup tapes in an attempt to determine whether or not the missing emails can be recovered. The agency told law-makers in mid-June that a hard drive […]
Internal Revenue Service Commissioner John Koskinen unveiled the agency’s plan to create a voluntary tax preparer certification program. The lower court and the appellate court in Loving V. Commissioner ruled that the IRS did not have the authority to regulate preparers. However, the IRS remained undeterred in its quest to […]