The National Taxpayer Advocate Service (TAS) recently published an illustrated "taxpayer roadmap" showing the many stages of federal tax administration in the U.S., from tax preparation to audits, appeals, collection, and litigation. To view the map in detail,...
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IRS Releases Draft Updates to Federal Tax Forms for 2019
The Internal Revenue Service (IRS) recently released drafts of the 2019 Form 1040 and various related schedules for review. The draft forms are available for review here. Comments should be sent to [email protected].
Nina Olson Releases Final Report to Congress as National Taxpayer Advocate
National Taxpayer Advocate Nina Olson, who will retire on July 31, 2019, recently released her final report to Congress, summarizing the 2019 filing season and identifying objectives for FY 2020. Top on her list of goals is the improvement of services to taxpayers,...
IRS Issues Final Regulations Capping SALT Deductions
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently finalized the federal government's answer on the charitable contribution work-around certain states have attempted to implement to reduce the effect of the cap on state and local tax...
TIGTA’s Newest Semiannual Report to Congress Identifies Room for IRS Improvements
The Treasury Inspector General for Tax Administration (TIGTA) recently released its Semiannual Report to Congress for the period October 1, 2018 through March 31, 2019. During this period, TIGTA completed 20 audits and 1,068 investigations concerning taxpayer data...
IRS Accuracy-Related Penalties Often Don’t Stick to Large Businesses, TIGTA Finds
The Treasury Inspector General for Tax Administration (TIGTA) recently released a report finding that accuracy-related penalties are not often proposed in audits of large businesses, and the penalties are generally not sustained on appeal. Between FY 2015 and FY 2017,...
IRS Plan to Modernize, Improve, and Protect
The IRS has established a plan to modernize its systems with an eye toward better service to taxpayers. Cybersecurity is a top priority for the IRS in 2019, as is protecting taxpayer data. The newly released plan outlines a six-year strategy to expand taxpayers'...
IRS Focus on Cybersecurity at Practitioner Education Seminars
The IRS is doing more than protecting taxpayer data and detecting cyber fraud. It is educating tax professionals on cybersecurity at its annual Nationwide Tax Forums. Certain education seminars at this year's Forums will focus on addressing "basic cyber hygiene" and...
Foreign Assets and Entities Focus of New IRS Compliance Campaigns
The Internal Revenue Service (IRS) Large Business and International division (LB&I) recently announced three new compliance campaigns focused on offshore private banking, captive services providers, and information returns filed by individuals concerning foreign...
IRS and Security Summit Making Progress against Tax-Related Identity Theft
The Internal Revenue Service (IRS) and its Security Summit partners recently announced the results from their last 3 years of fighting tax-related identity theft. The summit first met in 2015, and the first initiatives were enacted in 2016. Since 2015, the number of...
