Tax news May 2012 | AccountingWEB

Tax news May 2012


IRS Backlog Has Stalled Responses to Offers in Compromise Requests

While the IRS has been successful in promoting a program that allows taxpayers to settle their tax bills for less than the full amount, the large number of applications and the shortage of IRS staff has created a backlog.

Massachusetts Man in Prison for Filing False Tax Returns

Kevin P. Mahoney of Massachusetts was sentenced April 24 to sixty months in prison following trial convictions on corruptly endeavoring to obstruct the administration of the Internal Revenue laws, filing false tax returns with the IRS, and criminal contempt of court, the Justice Department and the IRS announced.

Insurance Salesman Plead Guilty to Failing to File Income Tax Returns

Thomas Mitchell of Mansfield, Ohio, pleaded guilty before United States District Judge George J. Limbert of the Northern District of Ohio to criminal information charging him with willfully failing to file an income tax return with the IRS, the Justice Department and the IRS announced April 16, 2012.


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