The Treasury Inspector General for Tax Administration (TIGTA) recently released a report that found nearly $9 billion in backup withholding tax was not withheld for 2013 information returns with missing or incorrect taxpayer identification numbers. The IRS should have...
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IRS Tops $10 Billion in Collections Regarding Offshore Accounts
Seven years, 100,000 taxpayers and over $10 billion in taxes, interest, and penalties paid, and the IRS' offshore voluntary compliance efforts are still going strong.The IRS released data this week regarding the success of the various programs offered to taxpayers who...
IRS Delays Update to E-Services Accounts
The Internal Revenue Service (IRS) announced today that it will delay the date on which e-Services users will be required to re-register and validate their identities (previously discussed here). There is no new implementation date set. The IRS will need more time to...
Federal Tax Relief for Farmers and Ranchers Affected by California Drought
Taxpayers with farms or ranches in certain California counties, cities, or districts that suffered from "exceptional, extreme or severe drought conditions" between September 1, 2015, and August 31, 2016, are being provided tax relief by the Internal Revenue Service in...
Streamlined Processing for IRS Installment Agreements
The Internal Revenue Service (IRS) is piloting an expanded program for streamlined processing of taxpayer requests for installment agreements through the end of September 2017. For the next year, the IRS expects more taxpayers to qualify for faster processing of their...
IRS To Begin New Private Debt Collection Program in Spring 2017
The Internal Revenue Service (IRS) announced that it will begin private collection of overdue federal tax debts starting in Spring 2017. The IRS will contract with four private agencies to attempt to collect on federal debts owed that the IRS is no longer actively...
Important Update for IRS e-Services Users
Beginning October 24, 2016, the IRS will be strengthening the identity authentication process of its e-services platform. If you currently use any IRS e-services, you must re-register and validate your identity to continue having access to any e-services products....
Beware! Scammers Send Fake IRS E-Mail Messages to Taxpayers
Taxpayers and tax professionals across the U.S. are being targeted by yet another scam. The Internal Revenue Service and its Security Summit partners recently issued a warning regarding fake e-mails purporting to contain an IRS tax bill...
IRS Interest Rates Will Not Change in New Quarter
The Internal Revenue Service (IRS) will not adjust interest rates in the quarter beginning October 1, 2016, keeping them as follows: 4% for overpayments (3% for corporate overpayments);1.5% for the portion of a corporate overpayment exceeding $10,000; and4% for...
Collection Due Process Program Has Improved, TIGTA Finds
The Treasury Inspector General for Tax Administration (TIGTA) completed its statutory audit of the IRS' Collection Due Process program and released its final report on August 30, 2016. The Collection Due Process program was designed as an opportunity for taxpayers to...
