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IRS Announces 2012 Standard Mileage Rates

The Internal Revenue Service (IRS) has announced the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

Lawsuit Features Accounting Practices of a Nicolas Cage Film

Nicolas Cage has faced plenty of tax troubles in the past. According to the 'Business Insider,' he currently owes over $14 million. Now a new lawsuit is targeting the accounting practices of one of his films, 'Bad Lieutenant: Port of Call – New Orleans,' a crime drama released in 2009.

'Auld Lang Syne': Don't Forget Your PTIN

Amidst the hubbub of the upcoming holidays, don't forget to renew your Preparer Tax Identification Number (PTIN) before January 1, 2012.

IRS Launches Competency Testing for Tax Return Preparers

The Internal Revenue Service has announced that it is ready to roll out its new competency test for tax return preparers. Test scheduling will begin the week of November 28.

Supreme Court to Decide on Tax Audit Statute of Limitations

Can the Internal Revenue Service go as far back as six years to audit taxpayers, or is it limited to a three-year period?

New report from the GAO flags problems with the IRS whistleblower program

The Government Accountability Office (GAO) says that the revamped Internal Revenue Service (IRS) whistleblower program isn't doing its job. The program rewards people who turn in tax cheats in cases involving fraud of $2 million or more.

IRS announces topics for tax return preparer test

The Internal Revenue Service has released the specifications for the competency test individuals must pass to become a Registered Tax Return Preparer. The test is part of an ongoing effort by the IRS to enhance oversight of the tax preparation industry.

IRS command center can do more to protect IT

The IRS has not gone far enough in implementing best practices at its Service Operations Command Center, which ensures the normal operation of mainframes and servers used to receive and process tax returns.

IRS faces challenges keeping up with the regulations

Turns out, it's not just taxpayers who find the tax code confusing. The Internal Revenue Service (IRS) itself is having a hard time keeping up with constantly changing tax laws.

Kelley re-elected to fourth term as NTEU President

On August 9, delegates to the fifty-third NTEU National Convention elected Colleen M. Kelley to a fourth term as president by a decisive 86-to-14-percent margin over her lone challenger. As the nation's largest independent federal union, NTEU represents 150,000 employees in thirty-one agencies and departments, including the Department of the Treasury, the Department of Health and Human Services, and the Department of Homeland Security.

IRS customer service is good but needs to be better

The Internal Revenue Service (IRS) still needs to improve the quality of its customer service, according to the latest report issued by the Treasury Inspector General for Tax Administration (TIGTA).

Audit report: More could be done to protect Low Income Taxpayer Clinic grant funds

The Taxpayer Advocate Service could be doing more to ensure that grant funding it provides to Low Income Taxpayer Clinics are properly used, according to a report released Wednesday

Preparer alert: Keep your clients from becoming victims of tax scams

Tax return preparers need to alert their clients to tax scam artists who might mislead them or persuade them to file false claims for tax credits or rebates. According to the IRS, there has been an increase in tax return-related scams.

Tax return preparer registration for 2012 to start soon

For more than a year now, all paid tax return preparers have been required to obtain a preparer tax identification number (PTIN). Renewals for 2012 are expected to start in October 2011. Practitioners who haven't done so already can apply for a PTIN relatively easily.

IRS slow to tell taxpayers when their information was disclosed

Just as the Obama administration seeks to protect consumers from breaches of personal privacy, the IRS is being told that it's too slow to tell taxpayers when their personal information wasn't kept private.

Taxpayer Advocate: Cuts to IRS would hinder tax collection efforts

National Taxpayer Advocate Nina Olson is telling lawmakers to leave the IRS alone when it comes to budget cuts.

Report says IRS plagued by financial management system problems

The IRS financial management systems, which do not comply with federal law, are unlikely to be fixed before 2014, according to an audit report.

TIGTA report: IRS taxpayer data is vulnerable to hackers

According to a report by the Treasursy Inspector General for Tax Administration, the IRS needs to do more to keep data secure.

TIGTA report finds the IRS struggling with old challenges and new laws

The TIGTA's recent Semiannual Report to Congress summarizing the activities of the IRS for the six months ending March 31, found that the Agency has failed to make significant progress solving long standing problems.

IRS reaches milestone of 1 billion e-filed tax returns

The Internal Revenue Service has announced that its e-file service has reached a major milestone as it passed the one billion mark for individual tax returns processed safely and securely since 1986.


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