The IRS Criminal Investigation Division needs to ensure that its special agents are taking and passing required firearms training, according to a new report from the Treasury Inspector General for Tax Administration.
Now that new per diem rates for business travelers have been released, there's a definite chill in the air. The IRS has announced the rates for the government's 2013 fiscal year have been frozen at the same levels as last year.
Farmers and ranchers who previously were forced to sell livestock due to drought, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales, the IRS announced.
While the IRS is telling congressional leaders that it won't enforce the requirement under the new health care law that Americans buy insurance, accountants are considering how to advise their clients.
Not only is recording artist Prince in deep with the IRS, but his tax troubles now extend overseas as well. Prince was summoned by the IRS at the request of French authorities to appear before the French tax agency.
A former US Airways pilot, Charles A. Davis, was sentenced to 120 months in prison for committing tax fraud. He was also ordered to serve twelve months of supervised release after his prison term and pay the IRS $538,569.
The Justice Department's Tax Division has issued Directive 144 to further the efforts of the Tax Division and the US Attorneys' offices to respond quickly to the challenges in stolen identity refund fraud cases.
William Scott Dion was sentenced to eighty-four months in prison for conspiring to defraud the United States and for obstructing the IRS. He was also ordered to pay restitution in the amount of $3 million.
Some tax preparers are circumventing standard IRS procedures by using an electronic power of attorney form to obtain tax transcripts, increasing the risk that taxpayer information is being disclosed without proper authorization.
Rich foreigners have enjoyed favorable tax treatment from Switzerland for a long, long time, causing the country to become a veritable magnet for the wealthy. However, growing opposition is forcing changes.
In the wake of the Supreme Court upholding the PPACA, it's time for employers to get down to work. In particular, business clients must soon establish which employees will be covered under the "play-or-pay" rules.
President Barack Obama is surrounded by advisers, official and unofficial. Everyone has an opinion. But it's doubtful he expected to be getting tax policy advice from "Mean Girl" actress, twenty-three-year-old Lindsay Lohan.
IRS Commissioner Shulman has been gearing up the computers to accommodate the "real-time tax system" he has been envisioning for years. Now he needs Congress to pull the trigger on legislation that would authorize this approach.
Two tax return preparers are being sued by the Department of Justice for filing false deductions and credits, including federal fuel tax credits and education tax credits, on customers' federal tax returns.
The IRS, which has been turning to online services and "facilitated self-assistance" methods to inform taxpayers, needs better information to determine if those efforts are successful, according to a new audit report.
Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
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