IRS

Tax

Former Pilot Will Spend Ten Years in Prison

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.
Tax

New Directive to Fight Stolen Identity Fraud

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.
Tax

Prison Sentence for Tax Fraud Promoter

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.
Tax

Tax Preparers Misusing Power of Attorney Forms

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.
Tax

IRS Guides Employers on 'Play-or-Pay' Rules

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.
Tax

Taxpayer Advocate Service Can't Do It All

The Taxpayer Advocate Service (TAS), inundated with calls for help from taxpayers dealing with the IRS, has had to clarify to taxpayers what it can and can't handle for them.
Tax

Could a Real-Time Tax System Become Reality?

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.
Watchdog

Business Owner Pleads Guilty to Tax Fraud

A Garden Grove, California, business owner who built small electronic airplane parts for C5 cargo planes and F18 fighters has pleaded guilty to tax fraud.
Tax

Justice Dept Seeks to Shut Down Tax Preparers

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.
Tax

Are IRS Outreach Efforts Working?

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.
Tax

Whistleblower Receives $104 Million from IRS for Exposing UBS

In what is considered the largest whistleblower award issued to a single individual, the IRS has given $104 million to the man who exposed a massive tax fraud by Swiss bank UBS.
Tax

Angel Albert Pujols Living in Tax Hell

Chances are, even greatly higher taxes won't tarnish the halo that comes with a ten-year, $254 million contract to play for the Angels. No matter where he plays, with a salary like that, Albert Pujols will pay the highest rate.
Tax

IRS: Proposed Regulations and Policy Change

The IRS has proposed regulations which would change the way costs are allocated on properties a taxpayer buys for resale purposes. In addition, the IRS announced a policy change in Rev. Proc. 2012-39.
Tax

NYSSCPA Briefing on the Affordable Care Act

Two months after the Supreme Court decision that found the Affordable Care Act constitutional, compliance deadlines for the complex tax provisions that support the individual mandate are approaching rapidly.
Tax

Two Tax Deadbeat Rappers

Two popular Rap artists, Flavor Flav and Bubba Sparxxx, are in big trouble with the IRS. They both owe big bucks for neglecting to pay their taxes.
Tax

AICPA Recommends Changes to IRS Form 990

The AICPA has recommended changes be made to IRS Form 990, Return of Organization Exempt from Income Tax. Some observers say the once-straightforward form has become too complex.
Tax

NAEA Takes on Outdated Tax Provisions

The NAEA has announced its intent to focus its advocacy efforts on tax code provisions in desperate need of reform and to work with other interested stakeholders in requesting that Congress address this important issue.
Tax

Take Cover: IRS Agents Go on the Attack

Lately, the IRS has been bringing out one of its big guns: an "administrative summons" that compels taxpayers to hand over the books and other sensitive documents where they may have been hiding their dirty secrets.
Tax

Six Indicted in $1.2 Million Conspiracy

A federal grand jury in Montgomery, Alabama, returned a superseding indictment charging six Alabama women with conspiring to file false tax returns using stolen identities.
Tax

IRS Fears Tax Refund Delays

Do you think this year's tax return season was a nightmare? Wait until next year! The upcoming election and its potential fallout have IRS officials tossing and turning at night as they contemplate another year when expiring tax provisions will go down to the wire.

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