Tax Legislation, Updates, News and the IRS
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Tax Legislation, Updates, News and the IRS
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. www.linkedin.com/in/subhasisdatta/
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IRS Withholding Calculator

IRS Withholding Calculator | Tax Legislation, Updates, News and the IRS | Scoop.it
Marriage, children, or other life-changing event? It may be a good idea to adjust your #IRS #tax withholding http://t.co/3eJxEwnUFq
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Shutdown Gives Tax Scammers New Opportunities To Steal

Shutdown Gives Tax Scammers New Opportunities To Steal | Tax Legislation, Updates, News and the IRS | Scoop.it
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.
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US tax law has some expatriates waiving the American flag - Los Angeles Times

US tax law has some expatriates waiving the American flag - Los Angeles Times | Tax Legislation, Updates, News and the IRS | Scoop.it
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.
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IRS to Increase Audits of Prior- and Subsequent-Year Tax Returns | Mytaxfiler

RT @globalvalueadd: IRS to Increase Audits of Prior- and Subsequent-Year Tax Returns: The Internal Revenue… http://t.co/F9hVTOUn2E
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Study Identifies Popular Havens for Likely Tax Cheats | AccountingWEB

Study Identifies Popular Havens for Likely Tax Cheats | AccountingWEB | Tax Legislation, Updates, News and the IRS | Scoop.it
According to a recent report by the Taxpayer Advocate Service (TAS), an independent division within the IRS, some of the nation's largest cities may be hotspots for tax cheats.
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The shutdown, the IRS and your taxes - CNN

The shutdown, the IRS and your taxes - CNN | Tax Legislation, Updates, News and the IRS | Scoop.it
The shutdown, the IRS and your taxes
CNN
If you were thinking that the government shutdown meant you would get out of paying your taxes, think again.
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IRS Issues Proposed Regulations On Information Reporting By Employers And ... - Mondaq News Alerts (registration)

IRS Issues Proposed Regulations On Information Reporting By Employers And ... - Mondaq News Alerts (registration) | Tax Legislation, Updates, News and the IRS | Scoop.it
IRS Issues Proposed Regulations On Information Reporting By Employers And ...
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Visualizing the Obamacare Snafu - National Journal

Visualizing the Obamacare Snafu - National Journal | Tax Legislation, Updates, News and the IRS | Scoop.it
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...
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Forbes: Bitcoin Is Biggest Loser In Silk Road Meltdown - IRS Wins Big

The biggest loser in the Silk Road arrest? Probably Bitcoin . The biggest winner may be the IRS, although right now the FBI must be feeling pretty good too.

Via jean lievens
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IRS lays out plan to deal with federal government shutdown - Don't ...

IRS lays out plan to deal with federal government shutdown - Don't ... | Tax Legislation, Updates, News and the IRS | Scoop.it
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 ...
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TIGTA: Tighten Procedures on Tax Info Requests - Accounting Today

TIGTA: Tighten Procedures on Tax Info Requests - Accounting Today | Tax Legislation, Updates, News and the IRS | Scoop.it
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...
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Shopping For Tax Reform - Forbes

Shopping For Tax Reform - Forbes | Tax Legislation, Updates, News and the IRS | Scoop.it
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.
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The shutdown is likely a headache, not a crisis for the IRS — Battle Royale ... - Politico

The shutdown is likely a headache, not a crisis for the IRS — Battle Royale ... - Politico | Tax Legislation, Updates, News and the IRS | Scoop.it
The shutdown is likely a headache, not a crisis for the IRS — Battle Royale ...
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JPMorgan in tentative $13 billion deal with US Justice Department: source - Reuters

JPMorgan in tentative $13 billion deal with US Justice Department: source - Reuters | Tax Legislation, Updates, News and the IRS | Scoop.it
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.
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The IRS Is Asking Questions: What To Do - Forbes

The IRS Is Asking Questions: What To Do - Forbes | Tax Legislation, Updates, News and the IRS | Scoop.it
The IRS Is Asking Questions: What To Do
Forbes
Each year, the IRS sends innumerable notices to taxpayers for various reasons. Your first instinct might be panic, but take a minute and relax.
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IRS: Shutdown or not, taxes due today - The Star-Ledger - NJ.com

IRS: Shutdown or not, taxes due today - The Star-Ledger - NJ.com | Tax Legislation, Updates, News and the IRS | Scoop.it
IRS: Shutdown or not, taxes due today
The Star-Ledger - NJ.com
In its announcement, the IRS encouraged taxpayers to use its e-file or Free File system to reduce the chance for errors.
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Affordable Care Act: Tracking of Health Insurance Reform Implementation Fund Costs Could Be Improved

The IRS has already “lost” $67 million of ACA monies -- http://t.co/4pUB9gYDo5
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IRS not issuing liens or levies, enforcement actions limited, during shutdown - Journal of Accountancy

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;...
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The Revenue Act Of 1913: 100 Years Of The Income Tax; 73000 Pages Added ... - Fox News (blog)

The Revenue Act Of 1913: 100 Years Of The Income Tax; 73000 Pages Added ... - Fox News (blog) | Tax Legislation, Updates, News and the IRS | Scoop.it
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.
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Changes in US Healthcare Rules Can Affect Your 2013 Tax Bill - WebWire (press release)

Changes in US Healthcare Rules Can Affect Your 2013 Tax Bill - WebWire (press release) | Tax Legislation, Updates, News and the IRS | Scoop.it
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...
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After Months of Obstruction, Congress to Hear From Key IRS Official - National Review Online (blog)

After Months of Obstruction, Congress to Hear From Key IRS Official - National Review Online (blog) | Tax Legislation, Updates, News and the IRS | Scoop.it
After Months of Obstruction, Congress to Hear From Key IRS Official
National Review Online (blog)
“Although the Committee has requested several times that Ms.
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What FACTA Did to American Bank Customers in Switzerland

What FACTA Did to American Bank Customers in Switzerland | Tax Legislation, Updates, News and the IRS | Scoop.it
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.
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How A Tax On Medical Devices United Political Rivals - NPR (blog)

How A Tax On Medical Devices United Political Rivals - NPR (blog) | Tax Legislation, Updates, News and the IRS | Scoop.it
NPR (blog)
How A Tax On Medical Devices United Political Rivals
NPR (blog)
A 2.3 percent excise tax on medical devices that took effect at the beginning of 2013 should be undone, they say.
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IG: IRS Disclosed 'Sensitive Taxpayer Information' - Fox News (blog)

IG: IRS Disclosed 'Sensitive Taxpayer Information' - Fox News (blog) | Tax Legislation, Updates, News and the IRS | Scoop.it
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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IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family | CNS News

IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family | CNS News | Tax Legislation, Updates, News and the IRS | Scoop.it
CNSNews.com was launched on June 16, 1998 as a news source for individuals, news organizations and broadcasters who put a higher premium on balance than spin and seek news that’s ignored or under-reported as a result of media bias by omission.

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