Menu

tax Advice Archive

House subcommittee queries audit rates, IRS resources

TweetShareSharePin0 Shares Causes and cures for persistent high rates of improper payments of the earned income tax credit (EITC) and consequent high audit rates by the IRS of taxpayers claiming the credit were among topics discussed Wednesday by members of the Oversight Subcommittee of the House Ways & Means Committee. The session, “On Taxpayer Fairness

Update on Premature Assessments

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × At the recent ABA Tax Section meeting the Tax Court announced that it had eliminated its backlog of cases which should stop the premature assessment problem it has created during the past two years

IRS audit rates decreased most for wealthy, GAO finds

TweetShareSharePin0 Shares IRS examinations of individual income tax returns declined between 2010 and 2019 across the board, but the trend was most pronounced for taxpayers with incomes of $200,000 or more, the U.S. Government Accountability Office (GAO) reported Tuesday. The report, Trends of IRS Audit Rates and Results for Individual Taxpayers by Income (Rep’t No.

IRS blames old tech in destruction of information returns

TweetShareSharePin0 Shares The IRS said Thursday that it destroyed approximately 30 million unprocessed information returns because its “antiquated technology” forced it to dispose of the paper documents and vowed to process all such information returns that it received in 2021 and 2022. The IRS statement was in response to an audit report by the Treasury

The 9th Circuit reverses the Tax Court finding that the taxpayer had filed a return when it provided a copy to the IRS during its examination

TweetShareSharePin0 Shares We welcome back guest blogger Janice Feldman. Janice is currently a volunteer attorney at the Harvard Law School Federal Tax Clinic and assisted in drafting the amicus brief filed by the clinic on behalf of the Center for Taxpayer Rights in Seaview Trading, LLC v. Commissioner. Prior to volunteering at the clinic, Janice

Missed Deadlines and Damages For Wrongful Disclosure

TweetShareSharePin0 Shares When the IRS releases a taxpayer’s confidential tax return information to an unauthorized person that taxpayer has a private right of action against the United States for damages. The case of Castillo v US concerns a taxpayer who sought damages after she claimed, and the government admitted, that Appeals improperly sent a CDP

What to Do After Receiving a Notice of Claim Disallowance

TweetShareSharePin0 Shares The National Taxpayer Advocate wrote a blog post last month highlighting a potential trap for the unwary who receive a notice of claim disallowance and think that they have worked out or are working out a resolution.  In oversized bolded letters, she stated: The NTA made this statement because IRC 6214(a)(2) “prohibits the
You cannot copy content of this page
Social Media Auto Publish Powered By : XYZScripts.com