IRS

Each year, the IRS publishes statistical data regarding tax return filing, revenue collected and refunded, tax law enforcement, taxpayer assistance, and other important information. In fiscal year 2016, the IRS collected over $3.3 trillion and processed over 244...

The Internal Revenue Service (IRS) hopes that the estimated 1 million taxpayers due a refund for the 2013 tax year will file their delinquent returns by April 18, 2017 - the deadline for them to claim their share of more than $1 billion in potential refunds. In...

The Internal Revenue Service (IRS) will now return without consideration any Offer in Compromise applications submitted by taxpayers who have not filed all required tax returns. The application fee will be returned to the taxpayer, but any initial payment submitted...

The IRS released the full list of the top 12 tax scams threatening taxpayers and tax professionals in 2017, including:Phishing;Phone scams;Excessive business credits claimed;False charities; Abusive tax shelters; andOffshore tax avoidance."We continue to work hard to...

The IRS remains committed to stopping the use of offshore accounts to hide money or assets, and has kept the act on its 2017 "Dirty Dozen" list of tax scams. "Offshore compliance remains a top IRS priority," said IRS Commissioner John Koskinen. "The IRS receives more...

On January 31, 2017, the Treasury Inspector General for Tax Administration (TIGTA) released its final report on the results of the 2016 tax filing season. As of early May 2016, the IRS had received 139.6 million individual tax returns, over 88% of which were filed...

The IRS has begun releasing detailed notices on the top 12 most common tax scams taxpayers may encounter during the 2017 filing season. Included so far are:Phishing;Phone scams;Identity theft; andReturn preparer fraud.For complete details on the warning signs for each...

The IRS recently alerted employers to a dangerous new e-mail phishing scam involving false requests for payroll information made through "spoof" accounts. This scam "can result in the large-scale theft of sensitive data that criminals can use to commit various...

The IRS receives confidential information daily from what we in the profession call "The X Factor" - ex-spouses, ex-employees, ex-friends. These are people with whom you may have confided your tax shenanigans, who are sore, and turn you in to the IRS. Those who are...

The IRS Security Summit issued a warning to tax professionals about a new e-mail scam by cybercriminals posing as potential clients. Scammers are sending phishing e-mails in two parts, beginning with a standard solicitation for services followed by a second email with...