The IRS has made significant strides in expanding its virtual environment, but more attention is needed to ensure its virtual server configurations are secure, according to a report released by the TIGTA.
Chicago lawyer Gary J. Stern designed at least three tax-fraud schemes that helped hundreds of customers falsely claim over $16 million in improper tax credits and avoid paying income tax on at least $3.4 million.
In response to a lawsuit initiated by Tax Analysts, a nonprofit publisher of tax information and expert analysis, the IRS has released almost 3,000 pages of training materials used by its EO division, most of them dating from 2012.
If the IRS is correct, NASCAR driver Juan Pablo Montoya owes the government a bit of money. Like $2.7 million. Montoya concedes he may have underreported some income, but he maintains the IRS is way off.
Identity theft was the focus of two reports released by the TIGTA – the first concluding the IRS issued billions of dollars in potentially fraudulent refunds, and the second finding the IRS needs to improve customer service efforts for identity theft victims.
A new TIGTA report stipulated that until the IRS takes steps to fully implement all eleven security program areas covered by FISMA, "taxpayer data will remain vulnerable to inappropriate use, modification, or disclosure – possibly without being detected."
Flexible spending accounts (FSAs) used for health care expenses just became slightly more flexible. On October 31, the IRS announced that employers can modify the "use-it-or-lose it" rule frequently resulting in a loss of FSA funds.
As the IRS continues to get back on its feet following the sixteen-day federal government shutdown, a new report released October 30 by the TIGTA concluded the IRS needs to improve certain aspects of its continuity program.
A phone scam in which taxpayers, especially recent immigrants, are told they owe money to the IRS and are threatened with arrest or deportation if they don't pay up has been occurring lately in nearly every state in the country.
The AICPA identified seventeen areas in which the IRS should provide additional guidance to taxpayers and tax practitioners as a result of the US Supreme Court's decision that Section 3 of DOMA was unconstitutional.
For tax year 2014, the IRS announced annual inflation adjustments for more than forty tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2013-35 provides details about these annual adjustments.
After reviewing the IRS's primary tool for detecting fraudulent tax returns, the TIGTA recommended the IRS take steps to fix ineffective income and withholding verification processes that are resulting in the agency issuing potentially fraudulent tax refunds.