September 1, 2015
Who can you trust with sensitive personal information like your Social Security number (SSN) and tax return data? Evidently, not even the people who used to work at the IRS. In a new case, a former IRS employee was sentenced on August 26 to two years ...
August 28, 2015
The Statistics of Income (SOI) Division produces this online Bulletin quarterly. Articles provide the most recent data available from various tax and information returns filed by U.S. taxpayers.
August 26, 2015
The IRS needs to lose this case for the callous way they disregarded the importance of safeguarding taxpayer information from data thieves, and because it would finally set a legal precedent for organizations to be held fiscally responsible for losses ...
August 19, 2015
The IRS has a confession: The data breach involving its “Get Transcript” app was larger than it initially reported. How much larger? About three times as much.
August 9, 2015
This audit was initiated because TIGTA received an IRS employee complaint referred from a Member of Congress alleging that the IRS’s ITIN application processes and procedures do not ensure that documents certified by a foreign issuing agency are ...
August 2, 2015
The field for next year’s presidential derby is crowded and prospective candidates have started jockeying for position. One of the main issues that can set these politicians apart is tax reform. Some candidates have already unveiled detailed proposals ...
July 31, 2015
Currently, the tax return due date for calendar-year partnerships is April 15th, the same the due date for individual returns. The law changes the deadline to March 15th for calendar-year partnerships and the 15th day of the third month following the ...
July 30, 2015
Koskinen stepped into the limelight in 2013 when President Obama appointed him to succeed Daniel Werfel, who in turn had replaced Acting IRS Commissioner Steven Miller while the Tea Party scandal unfolded. The current head honcho at the IRS had ...
July 24, 2015
The Internal Revenue Service is marking the 25th anniversary of the ADA by spotlighting a number of tax benefits and services that can help taxpayers with disabilities.
July 22, 2015
The program is designed to help small businesses that may have been unaware of the reporting requirements that apply to their retirement plans.
July 22, 2015
If you have ever had a client facing identity theft, you know that the first thing they want to find out is what specific information was compromised. But, until recently, the IRS has had a policy in place that prevented identity theft victims from ...
July 22, 2015
Lewis also recommended specific changes to the tangible property regulations that address how businesses should report the acquisition and improvement of tangible property to reduce complexity. The $500 de minimis safe harbor threshold for taxpayers ...