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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...
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....
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...
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...
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...
On September 1, 2016, the Treasury Inspector General for Tax Administration (TIGTA) released its fiscal year 2016 statutory review of the Internal Revenue Service's compliance with the Freedom of Information Act (FOIA). The review found that taxpayer rights may have...
The IRS has issued final regulations to define terms and include same-sex marriage as a marital status for federal tax purposes. The IRS previously issued Revenue Ruling 2013-17 following the Supreme Court case, Windsor v. U.S., in which the Court addressed the terms...
On September 2, 2016, the U.S. Department of State finalized a rule that will result in the denial or revocation of passports for persons with seriously delinquent tax debts, effective immediately. A "seriously delinquent tax debt" generally means an assessment...
The Internal Revenue Service (IRS) made Statistics of Income - 2014 Individual Income Tax Returns Complete Report (Publication 1304) available to the public on August 31, 2016. Highlights include: 148.6 million individual returns filed for tax year 2014, an increase...
The Internal Revenue Service (IRS) recently released a YouTube video for tax professionals to learn about the increase in cybercriminal activity targeting tax-related businesses and their data, and steps professional can take to protect their clients from identity...
