by Lynam Knott | Nov 8, 2011 | Department of Justice, Offshore Assets
It has been known for some time that Credit Suisse was the latest target in the crosshairs of the IRS and Department of Justice for hiding money on behalf of U.S. taxpayers. Today’s Wall Street Journal article, Credit Suisse to Hand Over Account Data,...
by Lynam Knott | Nov 7, 2011 | Aggressive Tax Positions, Taxpayer Underpayment, Uncertain Tax Positions
The IRS needs whistleblowers now more than ever. A recently released study by the Citizens for Tax Justice and the Institute on Taxation and Economic Policy examined 280 of the current Fortune 500 and found a general pattern of decreasing tax rates,...
by Lynam Knott | Sep 23, 2011 | Award Determinations, Guidance, Judicial Review
I wanted to highlight an article published in the September 19, 2011, issue of Tax Notes, “Scratching Our Heads Over Cooper v. Commissioner” by Michelle M. Kwon. In this article, Ms. Kwon gives a thoughtful discussion of the Tax Court’s...
by Lynam Knott | Sep 13, 2011 | Guidance, IRS Whistleblower Office
It is hardly news that the IRS can be a slow moving, and an often-frustrating agency to work with. These inefficiencies can discourage potential whistleblowers from coming forward. In an effort to improve the IRS Whistleblower Program, the GAO conducted a...
by Lynam Knott | Sep 8, 2011 | Guidance
On Friday, September 2, 2011, the IRS announced its 2011-2012 Priority Guidance Plan. The 2011-2012 Priority Guidance Plan lists 317 projects that the IRS intends to work on over the next year, including regulatory guidance for the Whistleblower Program under...
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