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IRS Warns Taxpayers About New Scam Involving Bogus ‘Federal Student Tax

Just days after the Treasury Inspector General for Tax Administration (TIGTA) announced the arrests of five individuals made in what has been characterized as an “ongoing investigation” into the scams, the Internal Revenue Service (IRS) issued a warning about a new scam making the rounds. Show More Summary

TIGTA:IRS Mischaracterizes 88% Of Hobbies As For-Profit Businesses, Allowing Billions In Improper Loss Deductions

The Treasury Inspector General for Tax Administration has released Opportunities Exist to Identify and Examine Individual Taxpayers Who Deduct Potential Hobby Losses to Offset Other Income (2016-30-031): The Treasury Inspector General for Tax Administration (TIGTA) today publicly released its audit report of the Internal Revenue Service’s (IRS) methods of addressing...

TIGTA Pushes IRS To Crack Down On Hobby Loss Deductions

The Treasury Inspector General For Tax Administration (TIGTA) does not think the IRS has been aggressive enough in pursuing hobby loss cases. Section 183 "Activities not engaged in for profit" denies deductions in excess of gross income in the case of activities where there is no profit motive. Between some [...]

Taxpayers Across The Country Reporting Uptick In IRS & Tax-Related Scams

Even as the Internal Revenue Service (IRS) and U.S. Treasury Inspector General for Tax Administration (TIGTA) have continued to warn taxpayers about IRS impersonation scams, fraudsters are still making the rounds, attempting to steal money and financial information from taxpayers.

Watch Out, Hobbyist Tax Cheats. The IRS On To You

This week, the Treasury Inspector General for Tax Administration (TIGTA) released its audit report of the IRS's methods of addressing taxpayers who take business tax deductions for activities not engaged in for profit (i.e. hobbies). TIGTA found that the IRS can do a better job of identifying high-income taxpayers who [...]

You Can’t Pay Your Taxes With iTunes Gift Cards & Other Sage Advice

Another IRS Impersonation Scam is making the rounds, according to the US Treasury Inspector General for Tax Administration (TIGTA). You won't believe what TIGTA claims the scammers are asking for...

IRS Costs for Conferences Exceeded Estimates

From the Free Beacon: The Internal Revenue Service hosted events that exceeded cost estimates and often failed to meet requirements for their approval, according to a report from the Treasury Inspector General for Tax Administration. The report reviewed documentation for 650 events held by the IRS in fiscal years 2013 and 2014 and found that […]

The IRS Scandal, Day 973

Philip T. Hackney (LSU), Should the IRS Never 'Target' Taxpayers? An Examination of the IRS Tea Party Affair, 49 Val. U. L. Rev. 453 (2015): In 2013, the Treasury Inspector General for Tax Administration faulted the Internal Revenue Service for the appearance of impartiality because it used names and policy...

TIGTA: IRS Should Shift Definition Of Rich From $200k to $600k For Audits

The Treasury Inspector General for Tax Administration has released Improvements Are Needed in Resource Allocation and Management Controls for Audits of High-Income Taxpayers (2015-30-078): Given the IRS’s goal of providing higher audit coverage to high-income taxpayers and its reduced operating budget, it is that much more important that the IRS...

Will Taxpayers Sleep Well When They Read This Report?

At the end of last month, the Office of the Treasury Inspector General for Tax Administration issued a report on its audit of the IRS project to upgrade its server, desktop, and laptop systems from Windows XP and Windows Server 2003 to Windows 7 and Windows Server 2008 or 2012. Show More Summary

IRS Improperly Withheld Info from Taxpayers 12.3% of the Time

Yet, no punishment for IRS workers, of course: The Internal Revenue Service improperly withheld information requested by taxpayers 12.3 percent of the time, according to a new government audit. The Treasury Inspector General for Tax Administration (TITGA) reviewed the IRS’ compliance with the Freedom of Information Act (FOIA) and discovered that disclosure specialists at the […]

TIGTA: IRS Improperly Withheld Information From Taxpayer FOIA Requests 12.3% Of The Time

The Treasury Inspector General for Tax Administration has released Fiscal Year 2015 Statutory Review of Compliance With the Freedom of Information Act (2015-30-084): TIGTA is required to conduct periodic audits to determine whether the IRS properly denied written requests for taxpayer information pursuant to FOIA § 552(b)(7) and I.R.C. §...

2015 Tax Season ‘Miserable’ For Many Taxpayers: Will It Get Better In 2016?

Internal Revenue Service (IRS) Commissioner John Koskinen warned that the 2015 tax filing could be miserable. The most recent report from the Treasury Inspector General for Tax Administration (TIGTA) reviews the numbers. Was it really that bad?

The IRS Scandal, Day 864

CNN, IRS scandal Fast Facts: Here’s some background information about the Internal Revenue Service (IRS) scandal involving the targeting of certain groups. In May 2013, the Treasury Inspector General for Tax Administration released a report indicating the targeting involved delaying the processing of applications by certain conservative groups and requesting...

TIGTA: IRS Could Not Verify 40% Of $15 Billion Of Affordable Care Act Tax Credits Due To Lack Of Data From Health Insurance Exchanges

The Treasury Inspector General for Tax Administration today released Affordable Care Act: Interim Results of the Internal Revenue Service Verification of Premium Tax Credit Claims (2015-43-057): The Affordable Care Act created the refundable Premium Tax Credit (PTC) to assist eligible taxpayers with paying their health insurance premiums. Individuals may elect...

Tax Roundup, 9/1/15: If the taxman takes your car, recode your garage door. And: jobs, $211,111 each.

As if having your car seized by the taxman wasn’t bad enough. The Treasury Inspector General for Tax Administration, in a […]

Why IRS Telephone Scamming Works

VideoOne of the strangest phenomena in the tax news of late is the scam in which people are called and persuaded to transfer money to people pretending to represent the IRS.  J. Russel George, the Treasury Inspector General for Tax Administration, testifying before the Senate Budget Committee gave some details [...]

TIGTA: IRS Office of Appeals May Have Incorrectly Abated Penalties In 83% Of Cases

The Treasury Inspector General for Tax Administration has released Additional Documentation Is Needed to Support Office of Appeals Penalty Abatement Decisions (2015-10-059): The Office of Appeals (Appeals) is an independent function within the IRS whose mission is to resolve disputes on a fair and impartial basis without litigation. Appeals has...

Tax Scam Losses Exceed $20 Million

The IRS is warning taxpayers to be vigilant and on high alert in the wake of evolving tax scams. A recent IRS press release notes that the Treasury Inspector General for Tax Administration (TIGTA) has received reports of roughly 600,000 contacts just since October of 2013. Indeed, TIGTA is aware [...]

The IRS Scandal, Day 788

Treasury Inspector General for Tax Administration Report of Investigation, Exempt Organization Data Loss and Potential Obstruction of Justice: The investigation determined that there were six possible sources to examine in order to potentially recover the missing e-mails. These sources were LERNER's crashed hard drive, the backup or disaster recovery tapes,...

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