The United States Department of Justice (DOJ) is cracking down on the fraudulent operation of tax preparation businesses throughout the country. The agency has recently pursued prosecution of such businesses in Florida, North Carolina and Georgia. The agency reports it has obtained injunctions against hundreds of tax preparation professionals over the past ten years.
The Internal Revenue Service (IRS) took another step in its efforts to help tax practitioners avoid data theft. The agency recently released a publication noting tax practitioners could be unaware that they are victims of data theft. This is because the individuals behind these thefts often leave little behind. As a result, the client may become a victim before the tax practitioner is aware of the theft.
The IRS is now enforcing passport restrictions against people with substantial amounts of delinquent tax debt.
Earlier this year the Supreme Court of the United States (SCOTUS) ruled states can impose a tax on online transactions on out of state merchants. SCOTUS also noted in the case behind the ruling, South Dakota v. Wayfair, that states could not impose a tax in a manner that would result in an undue burden on interstate commerce.
If the Internal Revenue Service (IRS) is going to contact you, odds are high it will be in the form of a letter. The IRS may contact you for a number of reasons, but some of the more common include a tax balance that remains unpaid, a change to a refund amount, a question about a return or a change to a tax return.
Tax season is upon us, which means tax scammers are ramping up their tactics to take advantage of tax payers throughout the country. The Internal Revenue Service (IRS) often sends out warnings about scams in an effort to better protect the public from becoming a victim. One specific scam the agency has voiced concerns about involves an attempt to gain information from tax preparers.
The Super Bowl is more than just a big football game. In addition to taking part in a prestigious game, players are also putting in another day at work. With this day at work comes earnings — and with work earnings comes tax obligations.
The sales and use tax results in funds for the state to use towards road construction, education and other government services. Various studies show that the amount of revenue collected through this tax is not nearly as large as it should be if it were a true reflection of items purchased within the state. The culprit for this disparity: the internet.
Falling behind in tax obligations can lead to more than just fines — it can result in the revocation of your passport. The Internal Revenue Service (IRS) recently published some guidance on this penalty, noting the agency has the authority to deny or revoke passports to those who are delinquent in tax payments.
The Internal Revenue Service (IRS) recently settled class action lawsuits representing over 400 conservative groups that state they were “improperly” delayed tax-exempt status, according to a recent report by USA Today. It appears the federal agency singled out hundreds of groups due to their ideological stances. These groups underwent additional questioning which led to delays.