by Scott Knott | May 20, 2021 | Enforcement, IRS Budget, IRS Whistleblower Office
The Treasury Department just released a 22 page report that outlines an initiative which aims to generate an additional $700 billion of revenue over the next 10 years, and this initiative is linked to spending an additional $80 billion on the Internal Revenue Service...
by Lynam Knott | Sep 17, 2018 | Enforcement
A report just released by TIGTA (the Treasury Inspector General for Tax Administration) shows that once again IRS audits of taxpayers are in decline. Enforcement revenues are slightly up this year, but TIGTA says this is due to a small number of large corporate...
by Lynam Knott | Mar 13, 2018 | Dirty Dozen, Enforcement, Guidance
We get absolutely deluged with hundreds of calls a day during tax return filing season about all kinds of fraud, particularly identity related scams and claiming child exemptions improperly. In 2016, there was a 400% increase in tax related phishing and malware...
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 Stephen U. McCloskey, Jr. | Feb 17, 2017 | Dirty Dozen, Enforcement
The IRS today announced the conclusion of its annual list of the “Dirty Dozen” tax scams. The list is published each year by the IRS as a way to both inform and warn taxpayers about the most common tax schemes they may encounter especially during...
by Lynam Knott | Feb 23, 2016 | Enforcement, IRS Budget
The 2015 IRS Enforcement and Service Report issued this week reveals that both individual and corporate audit rates are declining, with the respective audit rates at a record low .84% and .60% of returns filed. This not only leaves tax dollars on the table for...
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