by Scott Knott | Sep 9, 2021 | Aggressive Tax Positions, Taxpayer Underpayment, Whistleblower Awards
The US Treasury just released a Report authored by Natasha Sarin, Deputy Assistant Secretary for Economic Policy, titled “The Case for a Robust Attack on the Tax Gap” , and it provides new information on what the Government views as to what constitutes the...
by Lynam Knott | May 3, 2019 | Aggressive Tax Positions, Featured, IRS Budget
Jesse Eisinger just did a piece today in the New York Times about how we might soon be seeing an increase in the enforcement of our tax laws after an eight year decline in audit and prosecution of tax cases by the IRS. To recap: Congress has been cutting the IRS’s...
by Lynam Knott | Mar 29, 2017 | Aggressive Tax Positions, Offshore Assets, Taxpayer Underpayment, Uncertain Tax Positions
A recent study by the Institute on Taxation and Economic Policy details how Fortune 500 Companies are holding a record $2.6 trillion offshore, thereby avoiding $767 billion in U.S. taxes. While we believe much of this amount is the result of lawful tax planning...
by Lynam Knott | Mar 27, 2017 | Aggressive Tax Positions, Enforcement, IRS Budget
Tom Herman had an interesting article in today’s Wall Street Journal about the low chance of getting audited by the IRS. It was nice to see Tom back to writing for the Journal, he used to be the WSJ Tax Report columnist and covered IRS whistleblowing. Tom starts...
by Lynam Knott | Feb 4, 2015 | Aggressive Tax Positions, Dirty Dozen
Each year the IRS publishes a list of common tax scams that taxpayers may encounter during the tax year. These annual lists serve as a way for the IRS to remind taxpayers to use caution during the tax season to protect themselves against a wide range of...
by Lynam Knott | Feb 4, 2014 | Aggressive Tax Positions, Offshore Assets, Uncertain Tax Positions
Bloomberg reporters Alex Barinka and Jesse Drucker just wrote an interesting article about how one large multinational is using its tax haven structures, which are typically put in place to supercharge foreign earnings by moving them to low tax jurisdictions through...
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