AICPA Sues IRS Over Preparer Registration Program
The AICPA has moved on from condemning the IRS's voluntary tax preparer registration program to filing a lawsuit to stop it. The program allows tax preparers to get a certificate from the IRS that...
View ArticleIRS Taxpayers Advocate Praises Progress, Says Much More Needs Doing
IRS Taxpayer Advocate Nina E. Olson said that the IRS has made a lot of progress over the last half year in her most recent report to Congress, but said that there still remains much to be done,...
View ArticleTea Party Suit Against IRS Allowed to Go Forward
A lawsuit brought against the IRS by 10 different Tea Party-affiliated groups has been permitted by a federal judge to go forward, said the Associated Press. The groups are claiming that the IRS...
View ArticleIRS Promisest to Target Churchs Preaching Politics from the Pulpit
The IRS has agreed to settle a lawsuit from the Freedom From Religion Foundation--an organization that promotes the separation of church and state--over what the plaintiff felt was a failure on the...
View ArticleLegislators Propose Replacing IRS Commissioner with Committee
In light of the recent IRS nonprofit oversight scandal, lawmakers from the Republican-controlled House Oversight Committee have proposed 15 potential changes to the tax collector's structure, not...
View ArticleIRS Denies Tax Exempt Status to Mind Control Awareness Org.
Defender is an organization that seeks to educate the public on the use of mind control ray technology by the government, which uses microwaves and radiowaves to take over people's mind in order to...
View ArticleDraft Forms for Declaring Employee Health Coverage Released
The IRS has released what could be the forms companies will use to report their employee health coverage under the Affordable Care Act, according to Bloomberg. The draft forms include: read more
View ArticleIRS Warns Against Scammers Masquerading as Agents
The IRS and the Treasury Inspector General on Tax Administration has issued another warning on phone scams, noting that, based on the 90,000 complaints that TIGTA has received through its telephone...
View ArticleTIGTA: Nonprofits Owe Almost $1 Billion in Tax
While an organization may be recognized as tax exempt, it still needs to take care of payroll taxes, but apparently a lot of nonprofits haven't gotten the memo: the Treasury Inspector General for Tax...
View ArticleTIGTA: IRS Needs To Improve Compliance Controls on Med. Device Tax
The Treasury Inspector General for Tax Administration released a report that said the IRS needs to do better at ensuring accurate reporting and payment of the medical device excise tax that was...
View ArticleTax Court: Bank Reward Points Taxable Income
In the wake of the most recent financial crisis, many banks have been enticing customers to deposit their money through rewards points that can be exchanged for things like plane tickets, laptops,...
View ArticleIRS Releases Instructions on ACA Employer Mandate Forms
The forms companies need to fill out in order to comply with the employer mandate in the Affordable Care Act now have a set of draft instructions released by the IRS, according to Accounting...
View ArticleIRS Gearing Up for Food Fight
The IRS is thinking of watching what you eat as it examines the tax exempt nature of meals provided to workers by their employers for their convenience, according to Bloomberg. Some employers, such as...
View ArticleTIGTA: IRS Slow to Respond to Tax Preparer Complaints
The Treasury Inspector General for Tax Administration (TIGTA) released a report that said the IRS does not adequately respond to taxpayer complaints about preparers. According to TIGTA: TIGTA reviewed...
View ArticlePTIN Fees Draw Class Action Lawsuit to IRS
A pair of CPAs from Minnesota and Georgia have launched a class action lawsuit against the IRS over its continuing use of fees to get a preparer tax identification number, without which one cannot...
View ArticleRecord Number of Americans Renouncing Citizenship Over Tax Rules
Americans living abroad are responding to new tax rules such as FACTA by renouncing their U.S. citizenship entirely, according to CNBC. Last year saw an all time high of 2,999 Americans officially...
View ArticleGAO Suggests Earlier W-2 Deadlines to Combat Fraud
The Government Accountability Office, in a report, suggested moving the W-2 deadline to Jan. 31 in order to combat identity theft and return preparer fraud, according to Accounting Today.read more
View ArticleTIGTA: IRS Needs Better International Tax Collection Procedures
The Treasury Inspector General for Tax Administration released a report that criticised the IRS's internal procedures for collecting money from delinquent taxpayers residing in foreign countries,...
View ArticleTIGTA: IRS Collected More Revenues, Audited Fewer Taxpayers
The Treasury Inspector General for Tax Administration (TIGTA) said in a report that the IRS broke its previous record for total dollars received and collected for the third straight year in a row, but...
View ArticleIRS Allows Canadian Pensions to Qualify for Tax Deferrals
People with Canadian registered retirement sabings plans (RRSPs) and registered retirement income funds (RRIFs) can now much more easily claim the same tax deferrals that users of American 401(k)'s...
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