The National Society of Accountants met recently with IRS officials to discuss why the agency is retiring the Disclosure Authorization and Electronic Account Resolution e-services products on August 11 and options to allow these services to be continued.
Melvin Mooring, a Gainesville, Virginia, accountant, was sentenced to six years in federal prison for stealing $3.3 million from the company where he served as the chief financial officer. He had pleaded guilty to wire fraud and tax evasion charges in March.
Who knew what about the "Tea Party scandal" and when? Congress continued to dig deeper into the matter last week as it interviewed staffers from the Cincinnati office of the IRS where "rogue" agents allegedly initiated the actions.
The IRS announced it will retire the Disclosure Authorization and Electronic Account Resolution e-services products August 11. The IRS stated it increased the number of employees and improved its internal processes in response to this change.
An Alabama woman was sentenced to ten years in prison and ordered to pay $1,198,063 in restitution. Rhashema Deramus and those working for her stole people’s identities and used them to file fraudulent tax returns and obtain tax refunds that were not owed to them.
Following a new report from the Treasury Inspector General for Tax Administration turning the spotlight on a 2010 conference in California, the IRS announced it has placed two of its employees on administrative leave for "inappropriate behavior."
According to the testimony of members of six targeted groups given to the House Ways and Means Committee on June 4, the IRS held up applications for tax-exempt status, illegally released donor lists, and generally harassed organization officials.
Thomas Nelson, formerly the CEO of York County Community Action Corporation (YCCAC), was sentenced May 21 in US District Court by Judge Nancy Torresen to thirty months in prison and thirty-six months of supervised release for conspiracy, embezzlement from a federally funded program, tax evasion, and signing false tax returns.
The IRS is expected to face even more heat this week when the TIGTA releases a new report claiming that the nation's tax collection agency spent about $50 million in holding at least 220 conferences for IRS staffers between 2010 and 2012.
Once again, the IRS is being forced to do some fancy footwork, now that a video of staffers performing a line dance has raised the ire of Congress. The video, which lasts less than three minutes, depicts IRS workers line dancing to music sounding like "Cupid Shuffle."
The IRS scandal involving applications for tax-exempt status by Tea Party groups refuses to go away. Now the ACLJ has filed a lawsuit on behalf of twenty-five Tea Party and other conservative organizations against the IRS and several of its top officials.
After performance issues to its electronic filing system caused delays in processing tax returns during the 2012 filing season, the IRS has made several enhancements to the system over the past year that are expected to improve the tax-filing process.
Athletic stars with big personalities and untarnished images can make far more by lending those images to major companies than they can by performing well at their chosen sports. But how is endorsement income taxed?
The "Tea Party scandal" at the IRS has claimed another victim: Lois Lerner, director of the IRS Exempt Organizations (EO) division, has been placed on administrative leave after refusing to resign. Ken Corbin was promptly named the EO acting director.
After the initial round of hearings held by three congressional committees this week, at least we know the IRS wrongfully targeted conservative "tea party" groups applying for tax-exempt status. But precious little else has been revealed.
Lois Lerner, director of the IRS Exempt Organizations division, chose to invoke her Fifth Amendment right against self-incrimination before the House Oversight and Government Reform Committee on May 22.
Following Monday's disaster declaration for individual assistance issued by FEMA, the IRS announced May 21, 2013, that affected taxpayers in Cleveland, Lincoln, McClain, Oklahoma, and Pottawatomie counties will receive special tax relief.
The IRS has come under fire recently for reportedly authorizing intrusions into e-mails and online postings without obtaining a search warrant. Now it appears medical records might not be safe from the prying eyes of the nation's tax collection agency.