IRS Ramps Up Tax Enforcement, Hiring 200 Attorneys
IRS Ramps Up Tax Enforcement, Hiring 200 Attorneys
Recent FBAR Cases Show Mixed Results in Taxpayers Fighting Against Aggressive Penalties
Crackdown on the offshore accounts continues to be one of the top priority issues for the IRS. In the last few years, the DOJ and the IRS have taken aggressive positions in imposing and collecting huge penalties for taxpayers’ failure to report their foreign accounts...
Time to File IRS Claim for Refund and bring Refund Suit is Extended
Due the COVID-19 pandemic, the U.S. Treasury Department and the Internal Revenue Service (IRS), have extended the deadlines to file a refund claim and to bring suit upon a claim for refund.
Time for Filing U.S. Tax Court Petitions is Extended
Due to the COVID-19 pandemic, the Treasury Department and the IRS, pursuant to its authority in IRC Section 7508A, has extended the time to file certain petitions with the U.S. Tax Court.
IRS implements new COVID-19 Initiative to Assist Taxpayers
IRS temporarily adjusts and suspends key compliance programs to help people facing the challenges of COVID-19 issues.
