IRS

An Office of Management and Budget mandate required the IRS to eliminate the unnecessary use of SSNs by March 2009. However, the IRS suspended work on the forms, letters, and systems components of its SSN Elimination and Reduction Program in ...

The review identified 3,001 preparers with a felony conviction on their application; 87 reported a crime related to Federal tax matters. Processes do not ensure that PTINs assigned to prisoners or individuals barred from preparing tax returns are ...

Florida has been in the news a lot recently, and probably not for reasons that promoters of the Sunshine State would prefer. The spotlight is because hundreds of people have been arrested over the past year for identity theft crimes that involved filing bogus income tax returns for thousands of taxpayers, and then having the refund checks sent to the criminal. And more than 33,000 Florida residents have claimed identity theft in the past year.

With a focus on enforcing FATCA, the Foreign Account Tax Compliance Act, the Internal Revenue Service is now exchanging financial account information with the taxing authorities in selected countries.

Rashia Wilson, a self-proclaimed "queen of IRS tax fraud," was sentenced today to 21 years in federal prison.

The IRS is running into problems as it struggles to get control over the wave of identity theft tax refund fraud that has engulfed the Tampa, Florida, area and spread to other parts of the country over the last three years.

The one-year extension of the replacement period announced today generally applies to capital gains realized by eligible farmers and ranchers on sales of livestock held for draft, dairy or breeding purposes due to drought.

New York’s latest tax system overhaul has brought about substantial changes and complex transitional rules. They affect New York-based corporations as well as companies that conduct business with New York corporations or have customers in the state.