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 | 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 Stephen U. McCloskey, Jr. | Oct 12, 2017 | IRS Budget, Sequster
The IRS announced that whistleblower awards paid under section 7623 on or after October 1, 2017 and on or before September 30, 2018, will continue to be reduced by the “sequestration reduction rate”, which has now been lowered slightly to 6.6 percent. The 6.6 percent...
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 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...
by Lynam Knott | Nov 30, 2015 | Administration of Claims, IRS Budget, Whistleblower Awards
Today the United States Government Accountability Office (“GAO”) released a report on the IRS Whistleblower Office titled “IRS WHISTLBLOWER PROGRAM – Billions Collected, but Timeliness and Communication Concerns May Discourage...
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