Whatever the reason, the federal government is stepping up income tax audits. The good news — and bad news — is that audits are increasingly being completed by correspondence, said Gary Iskowitz, a Los Angeles certified public accountant who serves on the IRS’ Tax Advocate panel. “Over 80% of the audits are going to be […]
IRS staff committed tax credit fraud
June 25, 2014 by
More than 100 employees of the Internal Revenue Service cheated the government by fraudulently claiming a first-time homebuyer tax credit included in the 2008 and 2009 economic stimulus packages, according to federal investigators. The Treasury Department’s inspector general for tax administration, in several reports over the past few years, has identified a total of 128 […]
Tax Liens Abused by IRS
June 25, 2014 by
The National Taxpayer Advocate accused the Internal Revenue Service of using tax liens to inflict unnecessary harm on financially struggling taxpayers in a January 2011 report to Congress. The taxpayer advocate called the use of tax liens amid high unemployment and a faltering economy “torment,” and said the practice is not effective in collecting back […]
