On January 6, 2016, National Taxpayer Advocate Nine E. Olson released her 2015 annual report to Congress. Central to the report is Ms. Olson's concern that the IRS may be close to greatly scaling back the telephone and face-to-face service that the IRS has continually...
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Significant Changes to IRS Partnership Audit Rules
On November 2, 2015, the Bipartisan Budget Act of 2015 was signed into law, the text of which can be found here. Among the provisions related to tax compliance, the Act imposes significant changes to the manner in which the IRS will determine audit adjustments related...
IRS Unveils Payroll Tax New Early Interaction Initiative
The Internal Revenue Service has launched a new initiative "designed to more quickly identify employers who are falling behind on their payroll or employment taxes and then help them get caught up on their payment and reporting responsibilities."The initiative will...
IRS Criminal Investigation Report reflects IRS focus on identity theft, money laundering, public corruption, cybercrime, and terrorist financing
Today the IRS announced the release of the Criminal Investigation 2015 Annual Report. The report covers current investigative priorities, statistics on investigations and prosecutions, staffing decreases, summaries of high profile prosecutions, and a variety of other...
IRS Proposed Regulation Defines “Husband” and “Wife”
The IRS now recognizes same-sex marriage for income tax purposes as well as estate, gift, generation-skipping and employment tax, following the recent Supreme Court holding that state bans on same-sex marriage are unconstitutional, Obergefell v. Hodges, 576 US ___...
IRS Thwarts Identity Theft through W-2 Authenticity Verification
The IRS continues to battle identity theft of taxpayers and is proactive for 2016 filing with its authenticity verification test when taxpayers e-file their income tax returns. The IRS is working with specific Payroll Service Providers to use a verification code on a...
IRPAC Issues Annual Report – Recommendations Include Improving the Penalty Abatement Process
The IRS' federal advisory committee, known as the Information Reporting Program Advisory Committee (IRPAC), has issued its 2015 report identifying several areas in need of improvement including a revision of certain forms, improvements to the IRS use of FAQs and...
Prosecution of Criminal Employment Tax Crimes is on the Rise
According to IRS data, in fiscal year 2014, 120 employment tax cases were opened for tax evasion investigation. Of those, 92 were recommended for prosecution and 82 received federal sentences. These numbers are set to increase, not only in federal cases, but in...
IRS Contacting Employers with Decreased Payroll Tax Deposits
In an effort to assist employers in understanding and meeting their payroll tax obligations, the IRS has initiated an Early Interaction Initiative in which the IRS will be alerted when an employer has a reduction in payroll tax deposits. Some employers will receive...
Tax Fugitive Behind Bars after Nearly 20 Years
Gideon Misulovin, a former New York business man on trial for tax evasion and fraud in 1996, appeared in US federal court on July 17, 2015 for the first time in 19 years.On March 7, 1996, a jury convicted Mr. Misulovin of conspiracy to impede and impair the IRS in the...
