Thanks to Frank Byrt at The Street, we learned that the IRS announced the release of their “2012 Internal Revenue Service Data Book [1],” This annual report provides an overview of agency activities, including information and statistical tables dating from October 1, 2011, to September 30, 2012. The report provides helpful data and information on the following: returns filed, taxes collected, enforcement actions, taxpayer assistance, IRS budget and workforce, and
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Last week, the National Taxpayer Advocate, Nina E. Olson, released her 2012 annual report to Congress where she suggested the need for tax reform as the priority number one for the tax administration. Other important tax problems Olson mentions are the following:

How the IRS is not adequately funded to properly serve taxpayers and collect taxes due to chronic underfunding.
How the IRS has not been affective in assisting victims of tax-related
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Douglas Schulman, the 47th IRS Commissioner spoke on November 7th before the professional association of the American Institute of Certified Public Accountants (AICPA) in Washington, DC.  In his speech, he talked about his last five years and where he sees the IRS focusing its attention in the future. The IRS posted former Commissioner Schulman’s prepared remarks that outlined major IRS strategic priorities. On the top of the list is a
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Tax scams and identity theft have wreaked havoc on both ordinary citizens and the IRS. As a result, taxpayers are advised to stay alert to prevent tax problems brought on by such scams by not giving out personal information online.  Earlier this month, I wrote a blog post about a Better Business Bureau tax scam warning aimed at electronic filers. While thieves are becoming more adept at making correspondence look
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If you thought you could hide under the radar with your tax debt, think again. Because the government is hurting for revenue, lawmakers in Washington are getting more creative in collecting back taxes. Their latest consideration: report IRS tax debt to credit agencies. Accounting Today recently published an article titled, IRS May Report Tax Debts to Credit Bureaus that discusses the serious thought and consideration Congress has been giving this
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A Business Week article titled “Prince Failed to Comply With IRS Summons Over Taxes, U.S. Says” shows just how far worldwide taxing authorities are willing to go to collect what they are due. According to the article, Prince Rogers Nelson known as recording artist Prince, is in need of some tax relief because he did not comply with an IRS summons sent on behalf of French tax authorities who are
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As mentioned before, identity theft issues concerning the IRS and taxpayers have grown significantly in the last few years, adversely affecting the financial lives of everyday people, often people we know. Identity Theft Case in point: Robert “Sully” Sullivan, Big Biz Show radio and TV personality and friend visited the Tax Resolution Services offices to reveal that he was recently a victim of identity theft and to inquire about what
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Hello and Happy Friday! This was a busy week that covered  a range of IRS tax relief topics.  Let’s round them up:

Offshore Tax issues: Swiss Bank UBS filed a lawsuit this week against one if it’s former billionaire clients, Igor Olenicoff for damages the bank incurred defending the 2008 suit Olenicoff filed against them. Janet Novack’s article @Forbes titled UBS Sues Billionaire Olenicoff in Offshore Tax Cheating Case explains this
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Happy Friday. It’s time round up a busy week of tax news. Let’s get started.
Tax Fraud continues to be the number one tax issue facing the IRS. This week, however the Agency found itself in the hot seat after a government report revealed that the IRS allowed millions in fraudulent returns to be processed without detection. On Wednesday, the Treasury Inspector General released a report critical of the IRS sighting
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The government is focused on narrowing budget gaps and trying to find revenue from wherever it can. In recent years, the IRS has set its sights on small business and upped S-Corporation audits believing there was a good chance to collect on their non-tax compliance. However, a Reuters article titled Small business audits often find no more taxes due-IRS watchdog reports that IRS watchdog, Russell George criticized the high number
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Small business is no stranger to payroll tax problems, but when a city becomes a victim, it makes headlines. An article from WTOK.com Channel 11 entitled IRS Says York Failed to Make Payroll Tax Payments reported that a representative from the Internal Revenue Service traveled to York, Alabama to meet with city officials to discuss their specific tax issue: unpaid payroll taxes.
It appears that the city administrator, Tim Sweezey and
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