The IRS has released Publication 1304 which reports on statistical data from a sampling of the 145.4 million individual income tax returns filed for tax year 2011. Tax filings are up, adjusted gross income has risen and IRS collections continue to increase. The report...
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Month: August 2013
Liechtenstein Bank Pays $23.8 Million to U.S. in Non-Prosecution Agreement
The United States has agreed to forego criminal prosecution against the bank, Liechtensteinsche Landesbank AG, for opening and maintaining bank accounts for U.S. taxpayers from 2001 through 2011 and assisting U.S. taxpayers in evading their U.S. tax obligations. In...
IRS tax controversy with gift basket company dismissed by court
A gift basket company and its founder were sued by the IRS just days before Christmas back in 2011. The IRS filed the case saying that the company was not entitled to tax refunds it received for the 2005 and 2006 tax years. In July of this year, a U.S. District Court...
Central District of California to hear tax crimes case involving refunds
A man will soon be transported by the U.S. Marshals Service to the Central District of California to face charges involving tax fraud and identify theft. The IRS Criminal Investigation division conducted the investigation that led to the man's indictment on tax...
