IRS keeps ignoring tax whistleblowers
...their feet out of spite for Congress and other misplaced concerns. In the words of former IRS Chief Counsel Donald Korb, "The IRS didn't ask for these rules; they were forced on it by the Congress." He cited an aversion to having people "turn in their neighbors"...info
Lionel Richie to IRS: 'Hello is it Me You're Looking For?'
...estate closings and more. And it can seem like IRS liens last All Night Long for 10 long years. See Homes and Pensions Now On IRS Hit List. Before there’s a tax lien you might assume you’d have plenty of notice. But in 30 years as a tax lawyer, I’ve seen many...info
Tax Man Explains IRS on Big Biz Show
...who is currently short on revenue and needs to find it where it can. A recent blog post entitled Obama Proposes More Money for IRS Enforcement dispels any myth of a “kinder IRS†by highlighting the President’s proposal to exempt the IRS from discretionary...info
Troops owe IRS $390 million in back taxes
...actually living and the IRS is only obligated to send the notice to the most recent address†on file, Sullivan said. “If the IRS can’t contact you, you’re going to get an enforcement action.†The IRS is also required to notify military financial service offices...info
IRS Overlooks Fraud Indicators during Field Audits
...indicators. TIGTA also suggested that the IRS provide specific examples in the Internal Revenue Manual for examiners and first-line managers to use when considering whether to consult IRS technical advisors if field audits of returns suggest possible fraud....info
Super Rich Still Have Little To Fear From IRS
...than $1 million identified $5 billion in underreported income tax, and that's just for the roughly 15 percent of millionaires the IRS audited. As part of its global high wealth group effort, the IRS has also promised to focus more on "flow through" entitiesâ€"the...info
IRS Overwhelmed by Requests for Offers in Compromise
...were more than six months old. TIGTA auditors also determined that an incorrect date was used when offers were returned to the IRS because of some IRS processing errors. The report estimates that the wrong date may have been used for 712 taxpayers who submitted...info
IRS gives taxpayers more time to file, not to pay
...tax debt, and once they have the extra six months, they can square everything away," said Annabel Marquez, a spokeswoman for IRS. If your earnings were roughly the same in 2011 as in 2010, the easiest way to estimate what you owe is to add in slightly more...info
Tips on filing for an extension with IRS
...2011 tax balance due. The IRS wants any remaining 2011 tax by the April 17 due date. If you think you are going to owe the IRS money, estimate the amount and send it in with your application for an extension. Otherwise, you may be subject to penalties and...info
Action Line: Owe IRS and can't pay? Here's what to do
...these and other payment options. Ignoring the bill will only compound your problem and could lead to an IRS collection action. IRS collection process: If you can't pay in full and on time, the key to minimizing your penalty and interest charges is to pay as...info