IRS

Tax

Make an offer that the IRS can't refuse

It is essential to do the math before deciding to pursue an Offer in Compromise, else you will not only waste valuable time but may incur thousands of dollars in costs.
Tax

Treasury inspector says Hope Credit gave away hundreds of millions improperly

The federal Hope Credit is intended to make the first two years of college universally available. However, it appears that the regulations are not effective to ensure the credit is claimed properly.
Tax

IRS will try to sell e-filing to tax professionals

Tax professionals can hear first hand from their colleagues and e-mail questions to the Internal Revenue Service about the benefits of IRS e-file during a free Webinar.
Tax

7,500 accept IRS amnesty, speculation program might be extended

The IRS is proudly announcing that it was able to gather up 7,500 volunteers in its international tax evasion net.
Tax

Amnesty deadline looms for offshore account holders

There is still time for taxpayers who have failed over the years to report income in foreign bank accounts to participate in the IRS Voluntary Disclosure program.
Tax

Former IRS agent convicted of filing false tax returns

A former revenue officer at the IRS and owner of a tax preparation business in Inglewood, CA, was convicted last week of conspiracy to defraud the United States by filing false tax returns.
Tax

TIGTA reviews IRS Tax Exempt/Government Entities anti-fraud program

The Treasury Inspector General for Tax Administration has released its review of the Internal Revenue Service's (IRS) efforts to increase the effectiveness of the Tax Exempt/Government Entities (TE/GE) Division's anti-fraud program.

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