IRS | AccountingWEB



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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Fifteen-Year Prison Sentence for Tax Fraud

Gino Carlucci was sentenced to 188 months in prison for his role in conspiracies to commit money laundering and to defraud the IRS as well as for filing a false income tax return.

Tax Refund Fraud to the Tune of $2.8 Million

Larreka Jackson, an Alabama tax preparer, was indicted on twenty-five counts for conspiring to file false tax returns using stolen identities, filing false claims, wire fraud, and aggravated identity theft.

Husband and Wife Face YEARS in Prison

A married couple has been charged with running a fraudulent advance fee scheme and tax evasion. The twenty-six count indictment seeks forfeiture of at least $3.7 million.

Nine-Year Prison Sentence for Tax Defier

An Arizona man was sentenced on August 10, 2012, to nine years in prison and ordered to pay fines of $1,021,500.


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