The Federal News Network is reporting that the due to the coronavirus pandemic, the IRS issued an evacuation notice Friday afternoon directing that nearly all of its employees work from
Continue Reading Internal Revenue Service Issues Evacuation Order Directing Virtually All Employees to Work Remotely Starting March 30
Internal Revenue Service (IRS)
Treasury Secretary Announces Federal Tax Filing Deadline Extended to July 15 Due to COVID-19
Treasury Secretary Steven Mnuchin announced on Twitter this morning that the April 15 tax filing deadline has been extended to July 15 due to the health crisis caused by the…
Continue Reading Treasury Secretary Announces Federal Tax Filing Deadline Extended to July 15 Due to COVID-19
IRS Continues Pressure on Syndicated Conservation Easements
The Internal Revenue Service is urging taxpayers involved in syndicated conservation easement transactions to consult with their tax advisors following a recent U.S. Tax Court decision. The IRS also plans…
Continue Reading IRS Continues Pressure on Syndicated Conservation Easements
IRS Steps Up Scrutiny of Micro-Captive Insurance Transactions
The Internal Revenue Service has announced an overwhelming acceptance rate for a time-limited settlement offer made to certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Nearly 80%…
Continue Reading IRS Steps Up Scrutiny of Micro-Captive Insurance Transactions
IRS Ramping Up Cryptocurrency Enforcement Efforts With “Educational” Letters
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…
Continue Reading IRS Ramping Up Cryptocurrency Enforcement Efforts With “Educational” Letters
59 and Counting: IRS LB&I Announces Six More Compliance Campaigns
Earlier this week, the Internal Revenue Service’s Large Business & International Division announced six more compliance campaigns, bringing the total number of campaigns announced to date to a whopping 59.
Continue Reading 59 and Counting: IRS LB&I Announces Six More Compliance Campaigns
Joint Chiefs of Global Tax Enforcement Mark One Year Anniversary of J5
Earlier this month, the five leaders of the Joint Chiefs of Global Tax Enforcement (known as the “J5”) met in Washington to commemorate the one-year anniversary of the formation of…
Continue Reading Joint Chiefs of Global Tax Enforcement Mark One Year Anniversary of J5
IRS LB&I Announces Three More Compliance Campaign, All Focused on Offshore Activities
Yesterday, the Internal Revenue Service’s Large Business and International division (LB&I) announced three additional compliance campaigns, bringing the total number of campaigns announced to date to 53. These campaigns reflect…
Continue Reading IRS LB&I Announces Three More Compliance Campaign, All Focused on Offshore Activities
Internal Revenue Service Reveals Results of Two-Week Employment Tax Compliance Campaign
Yesterday the IRS announced the results of a nationwide two-week “education and enforcement campaign” regarding employment tax compliance. For several years, the IRS has made employment tax compliance a top…
Continue Reading Internal Revenue Service Reveals Results of Two-Week Employment Tax Compliance Campaign
With April 15 Fast Approaching, DOJ Tax Division Issues Annual Tax Crimes Warning
With April 15 just around the corner, the Justice Department’s Tax Division has issued its annual public warning to would-be tax cheats. It is no secret that the Justice Department…
Continue Reading With April 15 Fast Approaching, DOJ Tax Division Issues Annual Tax Crimes Warning