GAO: IRS Still Needs to Improve IT Security
A new report from the Government Accountability Office (GAO) says that while the IRS is no longer quite the open door it used to be when it comes to IT security, it could still stand to install some...
View ArticleNight Club Says It's a Really a Church, IRS Says "Nope"
'Anything But Clothes' night? Lingerie and pajama parties? Naked paintball? All for a $20 'suggested donation?' These things and more prompted the IRS to look into a Panama City, Florida church that...
View ArticleVisits to IRS Website Up 10 Percent
Taxpayers, hungry for more information, have been visiting the IRS website looking for answers in increasing numbers, with total visitors this tax season so far numbering about 200 million, which the...
View ArticleFormer IRS Commissioner Mark Everson Running for POTUS
Mark Everson, who headed the IRS from 2003 to 2007 has announced his intention to run for president of the United States, according to Forbes. Running as a Republican, he has worked for both George W....
View ArticleIRS Audits At 10-Year Low
Last year, the IRS audited just .86 percent of all tax returns, the lowest rate in a decade, according to CNBC. The reason is that while the IRS, due to fewer resources and more responsibilities, is...
View ArticleIRS to Go Easy on Those Affected by HealthCare.gov Glitch
In response to the recent embarrassing incident where 800,000 taxpayers who got their insurance through the HealthCare.gov website and received erroneous tax information from the federal government as...
View ArticleFraudulent Refunds Paid Out by IRS Totals $5.8 Billion
A new report from the Government Accountability Office has found that the IRS still needs to work on its authentication process, as between 2011 and 2014 the service has paid out about $5.8 billion...
View ArticleIRS Offers Small Businesses Relief on Form 3115
Responding to passionate feedback from firms and the preparers who support them, the IRS has announced that it is now allowing small businesses to comply with the new tangible property regulations...
View ArticleIRS Identifies 2015's Most Frivolous Tax Arguments
Do you think filing of federal income taxes is entirely voluntary? Do you think that the 16th Amendment was not properly ratified and therefore income taxes are unconstitutional? Do you think anything...
View ArticleTIGTA: IRS Re-Hiring Too Many Problem Employees
There are many reasons people may get fired from the IRS: they could be caught looking at confidential files, falsifying official reports, or even willfully failing to file federal tax returns.read more
View ArticleLondon Mayor Boris Johnson Caves to IRS
A couple of months ago, we blogged about London Mayor Boris Johnson, who was being pursued by the IRS. The service said that Johnson, who was born in New York and left the U.S. at age 5, owes the...
View ArticleIRS Slashes Help Desk Hours for Tax Pros
The IRS is getting rid of the extended weekday hours, Saturday and President’s Day availability of its e-help desk service due to budget cuts, according to Accounting Today. The help desk offers...
View ArticleIRS Launches Centralized FATCA Application
To assist foreign financial institutions helping their American clients comply with the Foreign AccountTax Compliance Act (FATCA), the IRS has announced a new international service called the...
View ArticleIRS to Auction Former Mets Player’s Deferred Comp
The IRS is slated to auction off Darryl Strawberry’s contractual right to receive payments under his deferred compensation agreement with the New York Mets, according to Accounting Today.read more
View ArticleIRS Civil Asset Forfeitures Targeted in Bipartisan Effort
The Republican and Democratic leaders of the House Ways and Means Committee have introduced legislation that would protect taxpayers against the inappropriate use of civil asset forfeitures by the IRS,...
View ArticleCongress Cuts IRS Budget by Another 3 Percent
Congress has decreased the IRS’s budget yet again, reducing the agency’s fiscal year 2015 budget by 3 percent compared to this year’s funding level, according to Accounting Today.read more
View ArticleMicrosoft Sues IRS for Information on Contract
Software giant Microsoft has sued the IRS for failing to comply with a Freedom of Information Act request for the full contract between the service and a law firm assisting it with an audit of the...
View ArticleLondon Mayor Being Pursued by IRS
London Mayor Boris Johnson is said by the IRS to owe more than $160,000 in taxes to the U.S. on the profits he got from selling his home, though the dual citizen has publicly stated that he will not...
View ArticleStudy: IRS Increasingly Interested in 10-K Disclosures
New data shows that the IRS has become increasingly interested in the information disclosed on a company's form 10-K, going from 5,000 downloads in 2006 to 45,000 in 2010, according to CFO.com.read more
View ArticleTIGTA Urges IRS to Increase E-Filing Opportunities for Businesses
The Treasury Inspector General for Tax Administration (TIGTA) released a report saying that, as much work as the IRS has put into increasing access to electronic filing for individual returns, the IRS...
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