IRS Updates List of Designated Private Delivery Services for Timely Mailing Rule
In the case of USA v. Carl Zwerner, the jury found that willful FBAR penalties of 50% of the account value applied to multiple years, thus, making the aggregate FBAR penalty equal to 150% of the account balance.
IRS Statistics Show Increase in Criminal Investigations and Tax Collection, Decrease in Audit Rates
The government shutdown, however, does not mean that you get a free pass from filing and paying your taxes. During the government shut down all tax laws remain in effect, and all taxpayers should continue to meet their tax obligations, including timely filing of the extended tax returns by October 15, 2013. During the government shutdown, the IRS will continue to accept and process all tax returns with payments but will not issue refunds.
IRS offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear up their tax problems and in many cases more quickly than in the past.
IRS announces rules for automatic acceptance of installment agreements for balances up to $50,000 for payment terms of up to 6 years.