IRS

The Internal Revenue Service is not adequately performing software license management and is not adhering to Federal requirements and industry best practices for software used on desktop and laptop computers, according to a new audit report released by the Treasury Inspector General for Tax Administration.

Organizations that must register with the Internal Revenue Service under the Foreign Account Tax Compliance Act (FATCA) can now do so online at the taxing agency's website, the IRS announced on Monday. FACTA is usually required by financial institutions.

The American Institute of CPAs announced today it wrote a letter opposing a proposed limitation on the use of the cash method of accounting for non-natural taxpayers, personal service corporations and farmers. The proposed limitation is a part of House Ways and Means Committee Chairman Dave Camp’s (R-Mich.) small business tax reform discussion draft.

Seeks Court Help to Force IRS to Disclose Training Materials Its Staff Used for Guidance in Exempt Organizations Determinations

The Internal Revenue Service, in conjunction with the US Department of Justice, has ramped up its efforts to identify – and publicly bring charges against – tax preparers who actively engage in the filing of fraudulent returns.

A Portland, Ore., jury on Friday found Miles J. Julison guilty of making off with more than $400,000 in a bizarre tax-fraud scheme, and a federal judge, clearly perturbed by Julison's defiance, ordered him to await sentencing in jail.

The IRS needs to make changes to its management controls for overseeing revenue officer case actions, the Treasury Inspector General for Tax Administration found in its latest report. The report looked at 139 cases closed by revenue officers in the Small Business/Self-Employed Division Collection Field function and found inconsistencies in how ROs handled them.

On Thursday, the White House nominated John Andrew Koskinen, of the District of Columbia, to be Commissioner of Internal Revenue.