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TIGTA: IRS Misses Deadlines in 74% of Offers in Compromise

The Treasury Inspector General for Tax Administration today released Increasing Requests for Offers in Compromise Have Created Inventory Backlogs and Delayed Responses to Taxpayers (2012-30-033): An offer in compromise (OIC) is an agreement between a taxpayer and the Federal Government that settles a tax liability for payment of less than...
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IRS Seizures Score a C+ (78%) on Proper Procedure

Business & Finance / Taxes : Tick Marks (11 months ago)

Tax Prof Review of TIGTA Study of IRS Seizures TIGTA Report on IRS Seizures The Treasury Inspector General of Tax Administration studied 50 seizures of taxpayer property by the IRS to see if the seizures complied with the IRS Restru... Read Post

TIGTA: Tax Preparers and IRS Agents May be Stealing Taxpayer Direct Deposit Refunds

Business & Finance / Taxes : TaxProf Blog (7 months ago)

The Treasury Inspector General for Tax Administration has released Processes for the Direct Deposit of Tax Refunds Need Improvement to Increase Accuracy and Minimize Fraud (2012-40-118): In 2011, more than 842,000 taxpayers took adv... Read Post

TIGTA: IRS Follows 30-Day Deadline for Responding to Taxpayers in Only 8%-56% of Cases

Business & Finance / Taxes : TaxProf Blog (2 years ago)

The Treasury Inspector General for Tax Administration today released Taxpayers Do Not Always Receive Quality Responses When Corresponding About Tax Issues (2011-40-058): In November 1998, the IRS issued Policy Statement P-6-12 requi... Read Post


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