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16 Dec 2019, 4:33 am by Dean Zerbe
Many people considering blowing the whistle on tax evasion ask themselves the most basic question: Do I have a case that will interest the Internal Revenue Service (IRS)? [read post]
25 Jun 2013, 7:35 pm by Kelly Phillips Erb
For weeks, we’ve been hearing whispers that the Internal Revenue Service’s screening process which targeted certain tax exempt organizations included not only “Tea Party” terminology but those on the other end of the political spectrum, as well. [read post]
30 Aug 2013, 12:07 pm by Rich McHugh
The United States Department of the Treasury and the Internal Revenue Service (the “Agencies”) yesterday announced that same-sex couples who were legally married in jurisdictions that recognize same-sex marriages (i.e., either in states within the United States, United States territories or in other countries) will be treated as married for federal tax purposes. [read post]
28 Mar 2018, 10:00 am by Matthew D. Lee
The Internal Revenue Service has warned taxpayers to be wary of abusive tax shelters, which remain on the annual “Dirty Dozen” list of tax scams for 2018. [read post]
22 Feb 2011, 6:01 am
The Internal Revenue Service announced on February 8, 2011 the creation of a second special voluntary disclosure initiative for U.S. taxpayers with undisclosed foreign bank and other financial accounts. [read post]
13 Sep 2012, 7:26 pm
In the largest individual federal payout in our nation’s history, the Internal Revenue Service has awarded ex-UBS AG (UBSN) Bradley Birkenfeld $104 million for acting as a whistleblower and exposing wide scale tax evasion involving the Swiss Bank. [read post]
1 Mar 2023, 8:22 am by Geoff Schweller
Senate Finance Committee held a confirmation hearing for Daniel Werfel, President Biden’s nominee to be the Commissioner of the Internal Revenue Service (IRS). [read post]
14 Sep 2012, 12:33 am
The Internal Revenue Service has issued a $104 million whistleblower award to Bradley Birkenfeld, a 47-year-old ex-banker who informed on UBS AG and how, for decades, the bank has allowed rich people to open accounts while they avoid paying taxes. [read post]
23 Jun 2011, 9:56 am
Since the Internal Revenue Service (IRS) instituted a new whistleblower program in 2006, only one award has been made to a whistleblower, according to Mike Hudson from iWatch News. [read post]
21 Sep 2009, 5:43 pm by David S. Seltzer
As a South Florida tax evasion criminal defense lawyer, I was surprised and pleased to see that the Internal Revenue Service has extended its voluntary disclosure program for taxpayers with unreported overseas income. [read post]
24 Mar 2010, 5:29 am by Stanley D. Baum
In the Spring, 2010 edition of employee plans news, the Internal Revenue Service (the "IRS") provides guidance on rollovers to Roth IRAs. [read post]
17 May 2010, 6:04 am by Alain Leibman
Against the backdrop of the Madoff scandal, prior Installments of this series have discussed and analyzed new disclosure requirements for public charities adopted by the Internal Revenue Service (“IRS”) in its new Form 990 (the “New Form 990”). [read post]
16 Sep 2006, 11:06 am
Read below, and see how he saved $40,000.The Internal Revenue Service has written a rule in its code in Section 1031 that provides a way in which people who sell property (usually, though not necessarily, real estate) can defer the taxes on their profits--indefinitely! [read post]
15 Oct 2019, 7:25 am by Joe
The Internal Revenue Service has recently started a new collection program. [read post]
18 Jul 2023, 9:19 am by Mark Ashton
In 1985 when Pennsylvania passed its statute defining “income” it adopted a definition that essentially mirrored the definition of income used by the Internal Revenue Service (26 U.S.C. 61). [read post]
The Internal Revenue Service announced on February 8, 2011 a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes. [read post]
1 Aug 2012, 10:37 pm by Jonathan H. Adler
Adler) Today the House Committee on Oversight and Government Reform is holding a hearing on the Internal Revenue Service’s role in “Enforcing ObamaCare’s New Rules and Taxes. [read post]
4 Apr 2019, 2:06 pm by Matthew D. Lee
In the second installment of its annual “Dirty Dozen” list, the Internal Revenue Service is warning taxpayers to be alert to tax time phone scams where aggressive criminals pose as IRS agents in hopes of stealing money or personal information. [read post]
27 Feb 2018, 12:05 pm by Joe
Tax levies are amongst the most dreaded collection methods in the Internal Revenue Service’s arsenal. [read post]
26 Jul 2019, 1:05 pm by Matthew D. Lee
The Internal Revenue Service announced today that it has begun mailing what it calls “educational letters” to taxpayers with cryptocurrency transactions who potentially failed to report income and pay the resulting tax from such transactions, or did not report their transactions properly. [read post]