IRS 2013 Budget Proposal Emphasizes International Tax Enforcement
Every year, the President has to submit a budget request to U.S. Congress for federal agencies, including the Internal Revenue Service. In February of [...]
IRS Announces More Flexible Offer-in-Compromise Terms
The IRS announced today that it is expanding its “Fresh Start” initiative to provide for more flexible terms to its Offer in Compromise (OIC) [...]
Underpayment and Overpayment Interest Rates for the Third Quarter of 2012
On May 22, 2012, the IRS announced that the interest rates will remain the same for the calendar quarter beginning July 1, 2012. The [...]
Search Warrants and IRS Summons Powers in Tax Crimes Cases
In a previous article, we explained the basics of criminal tax investigations. In this article, we will examine further two investigatory methods available to [...]
Form 8938 Threshold Requirements
Starting tax year 2011, the IRS imposed a new tax reporting requirement on individual taxpayers who hold specified foreign financial assets with an aggregate [...]