Archive for the ‘Mission Statement of the IRS’ Category

IRS Released Report Outlining Changes for Non-Profits

Wednesday, June 26th, 2013

IRS Principal Deputy Commissioner, Danny Werfel is attempting to make good on his pledge to restore the IRS’ reputation and image. On Tuesday, an IRS press release announced the release of an 83 page report titled: “Charting a Path Forward at the IRS: Initial Assessment and Plan of Action” outlining new actions and steps to fix problems with the IRS’ review of tax-exempt applications and to improve the processes and
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Davidson Estate Battles IRS over Massive $1.9 Billion Tax Debt

Tuesday, June 25th, 2013

If you aren’t convinced the IRS is going after wealthy taxpayers – the story of Bill Davidson’s estate may convince you otherwise. An article in the Detroit Free Press titled: Estate of Bill Davidson Battles IRS over Massive $1.9 Billion Tax Debt reports that attorneys for the estate of the late William Davidson are taking the IRS to court claiming the agency is wrongly trying collect about $2 billion in
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IRS Troubles-Agency Spent $4 Million on Employee Conference

Thursday, June 6th, 2013

As if the intense scrutiny the IRS has faced over the last month wasn’t enough, a new report has emerged about wasteful IRS spending that has lawmakers demanding more answers from the new acting IRS Commissioner, Danny Werfel.
An NBC article and video clip from NBC titled: “2010 IRS conference featured ‘happiness expert,’ $17K art session” highlights a specific 2010 Internal Revenue Service conference in California where goofy, expensive video parodies were
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Tax Help Letter From the IRS: How to Avoid Tax Mistakes and IRS Penalties on 2010 Tax Returns

Wednesday, January 13th, 2010

Some taxpayers can expect to get a visit or a courtesy letter from the IRS this tax season–but not necessarily because they are being audited. This time around, the IRS wants to reach out to taxpayers in order to give them tax help advice on how to avoid tax problems.
These letters and IRS personal visits are targeted to educate taxpayers on the tax filing rules and also potential IRS penalties.
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Nicholas Cage Wins Appeal with the IRS – Special Treatment or Fair Settlement?

Thursday, September 11th, 2008

Nicolas Cage just won a deal with the Internal Revenue Service to pay $666,000 plus interest for improperly deducting $3.3 million in personal expenses from 2002 to 2004. Earlier this year, Cage contested a personal IRS bill for $814,000 in taxes, interest and penalties, while his Saturn Productions of Los Angeles company was stuck with a bill for $988,000.
While Cage’s settlement includes $99,000 for an accuracy related penalty, no penalties
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New IRS Commissioner to Tackle Identity Theft

Thursday, May 1st, 2008

As I mentioned in a previous post, the IRS has recently come under fire by critics who say that the IRS does not do enough to treat victims of identity theft or to help them minimize the burden of responding to the crime.
Many identity-theft victims and their accountants have complained about IRS delays and miscommunications in resolving their claims. The IRS says that they are working hard to help victims
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Tax Problem FAQ: What is an Offer in Compromise?

Wednesday, January 2nd, 2008

The IRS Offer in Compromise program provides taxpayers that owe the IRS more than they could ever afford to pay, the opportunity to pay a small amount as a full and final settlement.

This program also allows taxpayers that do not agree that they owe the tax or feel that the tax has been incorrectly calculated, a chance to file an Offer in Compromise and have their tax liabilities
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Tax Problem FAQ: How Do I Resolve a Problem with the IRS?

Friday, December 28th, 2007

Working with the IRS To Resolve the Taxpayer’s Problem
One of the most frequent and frustrating aspects of working with the IRS is being transferred from person to person while trying to resolve a tax related problem. Sometimes, this arises as a result of the practitioner either not understanding the central issue or failing to accurately assess which section of the IRS is responsible for addressing the issue. However, the
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Mission Statement of the IRS

Thursday, December 27th, 2007

The mission of the IRS is to provide America’s taxpayers with top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all.
This is in contrast to the previous Mission Statement which read:
The purpose of the Internal Revenue Service is to collect the proper amount of tax revenue at the least cost, serve the public by continually improving
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IRS Overview

Thursday, December 27th, 2007

Due to Congressional concerns over the growing gap between taxes that should have been collected and taxes that were actually collected, the IRS is moving to reallocate its budget resources. Ultimately, this will be evidenced by a significant increase in IRS personnel and potentially third party collection agencies dedicated to support tax compliance and collection efforts. Recent IRS collection initiatives are yielding increases in both levies and tax revenues collected.
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