A weekly Newsletter bringing you the latest news, updates and legislative issues curated from various sources related to Federal Taxation impacting Taxpayers, IRS and the US Government.
With the IRS shut down, scammers are taking the opportunity to ramp up operations. Here's what to be on the lookout for... (With the IRS shut down, scammers are taking the opportunity to ramp up operations.
US tax law has some expatriates waiving the American flag Los Angeles Times The Foreign Account Tax Compliance Act, or FATCA, imposes stricter reporting requirements on Americans with significant assets outside the U.S.
Visualizing the Obamacare Snafu National Journal On Reuters: "Five outside technology experts interviewed by Reuters, however, say they believe flaws in system architecture, not traffic alone, contributed to the problems." On Wonkblog: "Most of the...
Excepted shutdown employees: The IRS expects 90 percent of its almost 86,000 employees will be furloughed if the House, Senate and president can't come to an agreement that will provide enough money, at least in the ...
TIGTA: Tighten Procedures on Tax Info Requests Accounting Today 6103 requests by specifying these time frames in the disclosure section of the Internal Revenue Manual; and that it emphasize the importance of disclosure laws and regulations with...
Shopping For Tax Reform Forbes At the grocery store the other day, I noticed that the shampoo and conditioner section took up 150 linear feet of shelving. That piqued my curiosity about other products.
Politico JPMorgan in tentative $13 billion deal with US Justice Department: source Reuters JPMorgan's board of directors has pressured Dimon to improve his relationship with government regulators and enforcement officials.
IRS not issuing liens or levies, enforcement actions limited, during shutdown Journal of Accountancy In addition, IRS systems are still automatically sending out notices warning taxpayers they could be subject to a lien or levy in the future;...
The Revenue Act Of 1913: 100 Years Of The Income Tax; 73000 Pages Added ... Fox News (blog) By: Mark Koba (CNBC). It's doubtful most people will notice, let alone celebrate, Friday's 100th anniversary of the U.S.
Changes in US Healthcare Rules Can Affect Your 2013 Tax Bill WebWire (press release) New York - The big changes made by the 2010 health care law kick in in 2014, but there's still time left in 2013 to prepare for them,” says Harris Abrams, Esq., a...
For the longest time, Swiss Banks were derided as havens for tax cheats. The US recently forced the banks to report on their American customers, which is having some unintended consequences. (What FACTA Did to American Bank Customers in Switzerland.
IG: IRS Disclosed 'Sensitive Taxpayer Information' Fox News (blog) TIGTA also found that “sensitive taxpayer information was inadvertently disclosed in response to nine (16.4 percent) of the FOIA/Privacy Act and four (7.4 percent) of the I.R.C.
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