Podcasts about tigta

The IRS wants U.S. citizens to be honest about paying their tax obligations. But who keeps the I-R-S on its toes? For the last 25 years, that's been the job of the Treasury Inspector for Tax Administration known as TIGTA. It started in 1999, following landmark Congressional overhaul of the IRS in 1998. Here with a review, senior advisor Matt Schimmel. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today on the Federal Drive with Tom Temin The IRS overseer, known as TIGTA, marks 25 years in business Schedule F, are you ready for if it actually comes your way? Suddenly Capitol Hill is a beehive for federal issues Learn more about your ad choices. Visit podcastchoices.com/adchoices

The IRS wants U.S. citizens to be honest about paying their tax obligations. But who keeps the I-R-S on its toes? For the last 25 years, that's been the job of the Treasury Inspector for Tax Administration known as TIGTA. It started in 1999, following landmark Congressional overhaul of the IRS in 1998. Here with a review, senior advisor Matt Schimmel. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today on the Federal Drive with Tom Temin The IRS overseer, known as TIGTA, marks 25 years in business Schedule F, are you ready for if it actually comes your way? Suddenly Capitol Hill is a beehive for federal issues Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Taxpayers who can't resolve their issues with the I-R-S can turn to the Taxpayer Advocate Service. But phoning the service is likely to bring frustration of its own. That comes to light after a look-see by the Treasury Inspector General for Tax Administration. Details now from TIGTA's chief of staff for inspections and evaluations, Eleina Monroe. Learn more about your ad choices. Visit megaphone.fm/adchoices

Taxpayers who can't resolve their issues with the I-R-S can turn to the Taxpayer Advocate Service. But phoning the service is likely to bring frustration of its own. That comes to light after a look-see by the Treasury Inspector General for Tax Administration. Details now from TIGTA's chief of staff for inspections and evaluations, Eleina Monroe. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This Day in Legal History: Province of Canada CreatedOn July 23, 1840, the British Parliament passed the Act of Union, a pivotal piece of legislation that led to the creation of the Province of Canada. This act merged the colonies of Upper Canada (present-day Ontario) and Lower Canada (present-day Quebec) into a single entity. The Act of Union was a response to the political unrest and demands for reform that had been growing in both colonies, particularly after the Rebellions of 1837-1838.The Act of Union aimed to unify the administrative structures of the two colonies, addressing inefficiencies and fostering a more cohesive government. It established a single legislative assembly, with equal representation from both regions, despite significant differences in their populations and cultural backgrounds. This structure was intended to assimilate the French-speaking population of Lower Canada into the English-speaking majority of Upper Canada, though it often led to tension and conflict.Taking effect on February 10, 1841, the Act marked the beginning of a new political era in Canadian history, laying foundational governance structures that would influence future developments leading up to Canadian Confederation in 1867. The Province of Canada would eventually split into the separate provinces of Ontario and Quebec, but the Act of Union remains a significant moment in the evolution of Canada's political landscape.The Ninth Circuit's updated case management system is being used as a model for the federal judiciary's administrative office to modernize its electronic filing program, according to Chief Judge Mary Murguia. The US Court of Appeals for the Ninth Circuit is collaborating with the Administrative Office of the US Courts to replace the CM/ECF system with a new cloud-based system by the end of 2025. This modernization effort aims to enhance the efficiency of filing legal documents and accessing case information.Since October, the Ninth Circuit has processed all new cases through its Appellate Case Management System, with older reopened cases still using the previous system. This development was a joint effort with the Second Circuit. Judge Murguia noted a significant decline in case filings over the past five years, with the Ninth Circuit now having fewer than 7,000 pending cases—a 23% reduction from 2019 and the lowest number in decades.Ninth Circuit's Case Filing System Used as Model for JudiciaryA New York appellate judge has affirmed that individuals who file complaints against attorneys in disciplinary cases have a First Amendment right to attend related hearings, view pertinent documents, and access some final decisions. This ruling emphasizes the importance of public scrutiny in holding judges accountable, particularly those serving fourteen-year terms appointed by elected governors. The decision, issued by Judge Victor Marrero of the US District Court for the Southern District of New York, specifically impacts the New York Supreme Court's Second Appellate Department, which disciplines attorneys based on recommendations from the Attorney Grievance Committee.Judge Marrero asserted that transparency is essential for public trust in the judicial process. However, he allowed an exception for dispositions made by the chief attorney, whose role involves preliminary investigations. These do not need to be public to maintain investigation flexibility and protect attorneys from baseless accusations.The case originated from complaints filed in 2021 against attorneys in the Queens County District Attorney's Office. Despite these complaints being publicized online, none resulted in public discipline. The plaintiffs argued that public access was necessary, while New York City's former corporation counsel claimed it was a misuse of the process for political gain.Marrero dismissed Presiding Justice Hector LaSalle's defense of legislative immunity, ruling that withholding information is not considered policymaking. He also refuted the state's claim that providing access to certain records would necessitate a substantial overhaul of court operations, stating that procedural adjustments, even if cumbersome, are not illegal.New York Judge Peels Back Curtain on Attorney Misconduct CasesThe First Circuit appears likely to uphold a noncompete agreement against a former DraftKings executive, Michael Hermalyn, who sought to join rival sports-betting firm Fanatics. During oral arguments, Judge O. Rogeriee Thompson questioned why California's worker-friendly policies should outweigh Massachusetts' business protections. Hermalyn, who relocated to California, argued for the state's ban on noncompete clauses to apply. However, the contract stipulates Massachusetts law, as DraftKings is based there.DraftKings accused Hermalyn of violating the agreement by joining a competitor and stealing company secrets. Hermalyn's legal team contended that California's interest in attracting workers should take precedence. Conversely, DraftKings' counsel argued that state laws are equal and California's stance should not override Massachusetts' policies.A federal district judge previously prohibited Hermalyn from working for competitors, dismissing his reliance on California law. This case arises amid the Federal Trade Commission's broader move to ban most noncompete agreements, although senior executives are currently exempt.Hermalyn's attempts to establish California residency involved leasing an apartment, buying a car, and other actions. Massachusetts law typically enforces contract terms unless they violate public policy. Hermalyn's counsel asserted California has the most substantial interest in this matter, urging respect for its policies. However, Judge William Kayatta expressed concerns about prioritizing one state's laws over others in similar circumstances.DraftKings' attorney warned that ruling in favor of Hermalyn could enable others to evade contractual obligations by relocating to California, stressing the need to protect Massachusetts businesses from such tactics. DraftKings also alleged Hermalyn's residency claim was a ploy and accused him of downloading sensitive files before departing.DraftKings' Noncompete Clause Meets Supportive First CircuitElon Musk's social media platform, X (formerly Twitter), is being sued by the PR firm Multiply for trademark infringement. Filed in a California federal court, the lawsuit claims that X's use of the "X" trademark for social-media marketing services causes consumer confusion and infringes on Multiply's established trademark rights. Multiply's spokesperson accused Musk of stealing their established identity and stated the necessity to protect their mark in court.X rebranded from Twitter to X last year under Musk's ownership. This rebranding has already resulted in confusion among Multiply's clients, who overlap with X Corp's clientele. Multiply, which has worked with brands like Arizona, Corona, and Liquid Death, adopted the "X" branding in 2019 and holds a federal trademark for its "X" logo. Multiply is seeking an injunction to stop X Corp from using the "X" trademark and is asking for monetary damages. This lawsuit is one among several, as other companies, including X Social Media, have also filed infringement claims against Musk's rebranded platform. The case is DB Communications LLC d/b/a Multiply v. X Corp, U.S. District Court for the Northern District of California, No. 3:24-cv-04402.X Corp hit with lawsuit from PR firm over 'X' trademark | ReutersIn my column this week, I discuss the pressing need for the IRS to bolster its cryptocurrency compliance measures to close the crypto tax gap and combat illicit activities. Cryptocurrencies are often used for illegal activities, and many tax evaders in the crypto space prefer to remain anonymous to distance themselves from their actions.A recent report from the Treasury Inspector General for Tax Administration (TIGTA) highlights significant gaps in the IRS's cryptocurrency tax enforcement. By improving compliance, the IRS can enhance transparency in financial transactions, address the crypto tax gap, and reduce illegal activities facilitated by digital currencies.Enforcing cryptocurrency taxes could yield substantial revenue and mitigate black market activities that harm the economy. Despite the potential benefits, the IRS's current efforts are inadequate. The TIGTA report notes that the IRS investigated only 390 cases involving digital currency between 2018 and 2023, with just 224 cases recommended for prosecution. The IRS's broader operation, “Hidden Treasure,” has focused more on training and tool acquisition than on actively pursuing crypto tax evaders.The use of digital currencies has exploded, with over 26,000 different types and a total market value exceeding $1.7 trillion. Estimates suggest that 21% to 40% of US adults have owned some form of virtual currency. Yet, auditing just 390 files is like pulling a few blades of grass from an acre and assuming a complete understanding of the field.Enhanced cryptocurrency compliance can significantly disrupt illicit activities reliant on digital currency anonymity. Cryptocurrencies are linked to crimes such as drug and human trafficking, ransomware, and terrorism. The IRS's $625,000 bounty for cracking the anonymity of Monero underscores the value of identifying cryptocurrency tax cheats.The IRS needs a coordinated approach to data sharing and analysis, leveraging artificial intelligence to handle vast data sets and uncover patterns. Financial or asset tracing, previously unfeasible on a large scale, becomes possible with advanced technology. Form 1040 already asks filers about digital assets; this data should be cross-referenced with information from exchanges and audits, focusing on high-income individuals for maximum audit returns.The TIGTA report emphasizes the urgency for the IRS to develop comprehensive compliance strategies, employing advanced data analytics and collaborating with blockchain analytics firms. The IRS must also work with other agencies to curb illegal cryptocurrency activities. While individual cryptocurrencies may remain untraceable, large transactions leave traces in the traditional banking system, providing crucial data points for analysis.The IRS has ample information on digital currency holders but may lack the context needed to connect taxes owed to individual taxpayers. Contextualizing existing data is key to closing the crypto tax gap and disrupting criminal enterprises reliant on cryptocurrency anonymity.To Improve Crypto Tax Gap, IRS Must Enhance Compliance Efforts This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

The IRS has made progress in customer service, especially for people calling its Taxpayer Assistance Centers (TACs). But the TACs still have issues, such as difficulty in dealing with calls to change appointments. In fact, the Treasury Inspector General for Tax Administration (TIGTA) has a few recommendations for the IRS in this regard. For details, Federal Drive Host Tom Temin talked with the Director of TIGTA's management and exempt organization audits, Carl Aley. Learn more about your ad choices. Visit megaphone.fm/adchoices

The IRS has made progress in customer service, especially for people calling its Taxpayer Assistance Centers (TACs). But the TACs still have issues, such as difficulty in dealing with calls to change appointments. In fact, the Treasury Inspector General for Tax Administration (TIGTA) has a few recommendations for the IRS in this regard. For details, Federal Drive Host Tom Temin talked with the Director of TIGTA's management and exempt organization audits, Carl Aley. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Let's face it, the IRS is not necessarily the most popular agency. But while most just grouse about having to deal with it, some take it to an even more harmful level, by making and acting on threats of physically harming IRS agents. So what processes are in place for agents to report these people? A recent audit by the Treasury Inspector General for Tax Administration (TIGTA), looked to answer that question. To learn what it found, Federal Drive Executive Producer Eric White spoke with Kent Sagara, who is the Acting Manager of TIGTA's Office of Inspections and Evaluations. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Let's face it, the IRS is not necessarily the most popular agency. But while most just grouse about having to deal with it, some take it to an even more harmful level, by making and acting on threats of physically harming IRS agents. So what processes are in place for agents to report these people? A recent audit by the Treasury Inspector General for Tax Administration (TIGTA), looked to answer that question. To learn what it found, Federal Drive Executive Producer Eric White spoke with Kent Sagara, who is the Acting Manager of TIGTA's Office of Inspections and Evaluations. Learn more about your ad choices. Visit megaphone.fm/adchoices

The IRS has a detailed plan for achieving a state of zero trust on its information technology networks, which is something all agencies are under obligation to do for cybersecurity. But the IRS needs to put the right people and money behind the plan, … according to an audit by the Treasury Inspector General for Tax Administration (TIGTA). For more, Federal Drive Host Tom Temin spoke with TIGTA's Director of Enterprise Services, Jena Whitley. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The IRS has a detailed plan for achieving a state of zero trust on its information technology networks, which is something all agencies are under obligation to do for cybersecurity. But the IRS needs to put the right people and money behind the plan, … according to an audit by the Treasury Inspector General for Tax Administration (TIGTA). For more, Federal Drive Host Tom Temin spoke with TIGTA's Director of Enterprise Services, Jena Whitley. Learn more about your ad choices. Visit megaphone.fm/adchoices

How soon is too soon to have a debrief after busy season? And what should be the goal of such a debrief? Those topics are addressed in a special crossover episode with the AICPA Town Hall series. Hear three CPAs discuss the topic, how it's applicable to more than tax season, and how firm leaders of different sizes approach the debrief. The full Town Hall episode is here, and the speakers in this segment are: Lisa Simpson, CPA, CGMA, vice president–Firm Services at the Association of International Certified Professional Accountants; Brandon Lagarde, CPA, director of the Tax Services Group at Postlethwaite & Netterville; and Brent Forbush, CPA, CGMA, managing partner of Forbush & Associates. The conversation is a follow-up to an article Lagarde and Forbush co-authored in early 2020 in The Tax Adviser. Also, learn about the IRS response to a TIGTA report that noted the IRS destroyed millions of unprocessed information returns.

In today's Federal Newscast, the IRS saw the amount of money collected through enforcement mechanism drop significantly in fiscal 2020.

This episode of the podcast focuses on a busy week in news and a story of finance transformation in action. Janis Parthun, CPA, and Steve McKechnie, leaders in RGP's finance transformation practice, explain how a recent client engagement led to efficiencies for the client, a global food and beverage company, and lessons learned for RGP. Also, here are links to Journal of Accountancy articles mentioned in the news roundup: S. sanctions that include a ban on providing accounting and management consulting services to Russia. A TIGTA report on e-filing and the IRS. Puerto Rico residents get guidance on claiming the child tax credit. TQAs provide guidance on auditor reporting.

Federal leave and time off policies can get mighty complicated. At the I-RS, both managers and line employees have had trouble sticking to procedures for family and medical leave act leave. And for absence without leave. Enough so that the commissioner asked the Treasury inspector general for tax administration to look into it. For what they found, the director of TIGTA's management and exempt organization business unit, Carl Aley.

The TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION (TIGTA) conducts a yearly audit to "assess the adequacy and security of the IRS's information technology." Problems were reported in the IRS's handling of the privacy of taxpayer data, access controls, system environment security, information system boundary components, network monitoring and audit logs, disaster recovery, roles and responsibilities, and separation of duties, as well as security policies, procedures, and documentation. Two of five function areas of the IRS's Cybersecurity Framework were rated “not effective,” namely its ability to identify its cybersecurity risks, and its ability to detect cybersecurity incidents. In both areas, TIGTA said that the IRS had defined policies, procedures and strategies, but that they were not consistently implemented, leaving taxpayer information at risk. Attorney Steven A. Leahy discusses the report and its impact on taxpayer data. --- Send in a voice message: https://anchor.fm/steven-leahy1/message

Today I'm talking to Special Agent David Renfro, a federal agent for the Treasury Department.  David's diverse career took him from being a Federal Air Marshal right after 9/11 to working on joint terrorism task forces and eventually as an investigator with the Treasury Inspector General for Tax Administration, a job he calls the best kept secret in Federal law enforcement.  All along the way he had opportunities to do a wide variety of training at FLETC in Glynco, Georgia, a federal training center he recently returned to  as a staff member and program manager.This episode gives you a lot of wisdom from David as he talks about the twists and turns of his career. He explains how he decided to make each move and how to prepare for the next step in his career.  And hang on to the end where David comments on how he timed his latest career move based on his family dynamics.Resources: Man Alive, by Patrick MorelyMusic is by Chris Haugen from the YouTube Audio Library and the KCKPD Pipes and Drums.Hey Chaplain Podcast Episode 016

Jassen Bowman and Dan Henn discuss the implications of the latest TIGTA report on future compliance enforcement. Read the TIGTA report here: https://www.treasury.gov/tigta/auditreports/2021reports/202130042fr.pdf Visit https://TaxResolutionAcademy.com to learn how to add the lucrative service of IRS representation to your tax practice.

In today's Federal Newscast, the Treasury Inspector General for Tax Administration says a high number of IT workers at the IRS are eligible to retirement.

The Treasury Inspector General for Tax Administration releasing a report covering information about the refunds for the $10,200 unemployment adjustment instituted by the American Rescue Plan Act.➡️ My Video on Who Has to Amend Their Return for the $10,200 Unemployment Compensation Adjustment: https://youtu.be/HyZCv9-1f38​IRS Tax Relief:➡️ Do you owe the IRS more than $10,000 in back taxes?  Email me at taxrelief@loganallec.com and let me know how much you owe by year.➡️ TIGTA Report (Interim Results of the 2021 Filing Season): https://www.treasury.gov/tigta/auditr...

Oyindamola Akinrinola, a 23-year-old Nigerian citizen has been convicted for her role in fraud schemes that targeted victims across the United States.According to the U.S. Attorney's Office, 23-year-old Oyindamola Akinrinola of Lawrence has pleaded guilty in federal court for her role“Akinrinola and her co-conspirator in Nigeria victimized individuals, several elderly, through a variety of online scams,” said U.S. Attorney Stephen McAllister. “She now faces time in federal prison for her crimes. We will continue to work with our law enforcement partners to prioritize the investigation and prosecution of fraud schemes like these, no matter where they originate. I also take this conviction as an opportunity to reiterate to all Kansans the vulnerability of our senior citizens to scams and con artists, who prey upon them. We must all be vigilant to protect our parents, grandparents, elderly relatives, friends and neighbors from such frauds and fraudsters.”“Scams such as lottery, online dating, and impersonating Internal Revenue Service (IRS) employees continue to be a major threat to taxpayers, especially senior citizens,” said J. Russell George, the Treasury Inspector General for Tax Administration. “Scammers will use a variety of techniques to cheat taxpayers. TIGTA will do everything within its power to ensure that those involved in the impersonation of IRS employees are prosecuted to the fullest extent of the law. We appreciate the assistance of the U.S. Department of Justice in this effort.”According to U.S. Attorney McAllister, the charges, and other information presented in court: Akinrinola, a Nigerian national who was granted legal permanent residency in the United States in 2018, was part of a scheme to defraud U.S.-based victims out of money and property. Akinrinola's co-conspirator in Nigeria orchestrated several scams, such as tricking victims into believing they were eligible for fictitious awards or establishing purported (but false) romantic relationships with victims and exploiting their affections.The co-conspirator in Nigeria directed victims to send money to Akinrinola. While in Kansas as a college student, she received funds from the scam victims—in amounts ranging from hundreds of dollars to as much $20,000—via wire transfers, money orders, financial applications, Wal-Mart money grams, Western Union, the United States Postal Service, and various other means. Akinrinola kept a portion for herself as her reward and sent the bulk of the funds to her co-conspirator in Nigeria. To do so, she generally used the Sendwave, WorldRemit, or Boss Revolution mobile applications.The following are just a few examples of the scams Akinrinola and her co-conspirator perpetrated:Victims 1 and 2 received Facebook messages from an individual who purported to be with FedEx. They were told they won a $130,000 grant and that FedEx would deliver the cash after Victim 2 paid a “case file fee.” Victim 2 then deposited $2,500 cash into a Bank of America account for the fee. Victim 2 was then told she needed to pay another $1,000 for a “winning certificate.” Because Victims 1 and 2 did not have $1,000, they allowed the purported Facebook account holder to purchase three iPhones through their Verizon account. Victims 1 and 2 were instructed to mail the iPhones to Akinrinola (in Kansas). Victim 2 then received an image from the Facebook account claiming to be from the IRS and requesting $15,000 before release of the grant funds.Victim 3 was the victim of an online dating scam and lost approximately $8,000, of which he sent $900 to Akinrinola via a kiosk at a Walgreens store.Victim 4 also was the victim of an online dating scam. Victim 4 lost approximately $3,815, and he sent $710 to Akinrinola. Victim 4 believed the money was for musical instruments for children in Nigeria.Victim 5 was the victim of a Facebook scam. A man on Facebook, known to Victim 5 as “Steven,” told Victim 5 that he was in the military and needed money, and Victim 5 sent $1,000 to Akinrinola in this scam.Sentencing is scheduled for June 15, 2021 at 9:00 am, before U.S. District Judge Holly L. Teeter.

The IRS this year has been blessed, or maybe it's cursed, to live in interesting times. Delayed filings. Getting millions of checks out under the pandemic stimulus Cares Act. Having nearly all of its employees telework. So how'd it do? For one look at IRS challenges, the Federal Drive with Tom Temin turned to the associate Treasury inspector general for tax administration, Russ Martin.

Today we are discussing how to deal with scams. I picked this subject because within the last two weeks, I have been targeted by three separate schemes, all ridiculous in concept, but it dawned on me that if within such a short time I get targeted repeatedly, others are dealing with this. Unfortunately, most of the time, these cowards target the elderly, someone who doesn't understand the legal system that is way more trusting than I am. So I figured it would be best to cover this topic by going over how to avoid being targeted, how to deal with scammers, and what to do if you do fall for a scam. If you've been the victim or targeted by a scam If you receive a phone call from someone claiming to be with the IRS and you owe tax or think you may owe tax, do not give out any information. Call the IRS back at 1.800.829.1040 to find out more information. You can also contact TIGTA to report scam calls by calling 1.800.366.4484 or using the “IRS Impersonation Scam Reporting” form on their website.  You may also want to report the scam to the Federal Trade Commission by using the “FTC Complaint Assistant” to report persons pretending to be from the government; please add “IRS Telephone Scam” in the notes. Call your local law enforcement agency. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/finding-our-freedom/support

When Congress passed big coronavirus response bills back in late March, the IRS was among the agencies most affected. It had to totally redo the 2020 filing season while figuring out how to issue some $157 million stimulus checks. So how did it do? For some answers the Federal Drive turn to the associate Treasury inspector general for tax administration, Russ Martin.

In today's Federal Newscast, an IRS watchdog finds serious gaps in the agency’s enforcement of high-income households that haven’t filed or paid their taxes.

Brian speaks with Jeff Elkins, Senior Tax Manager with Hall & Co. CPA's. They discuss the recent TIGTA report on the marijuana industry and its applications for business owners.

The Ernst & Young ITS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US CARES Act stimulus package to address COVID-19 has international tax implications – IRS expands 15 April tax relief and issues FAQs on extension of filing and payment deadlines, FATCA reporting – IRS issues final Section 901(m) regulations – TIGTA finds major FIRPTA withholding discrepancies – Alignment of transfer pricing regulations to TCJA provisions in relation to IP definition not expected before 2021 – OECD plans to continue BEPS 2.0 project virtually – OECD releases second annual peer review report on BEPS Action 6, prevention of treaty abuse – OECD releases CbCR comments.

A review of the week's major US international tax-related news. In this edition: IRS expects fewer corporate taxpayer participants in compliance assurance program due to strict eligibility requirements – TIGTA releases report on discrepancy findings that tax withholding required by FIRPTA is not being identified or addressed – Number of TCJA  tax regulations at the OMB's OIRA continues to grow – UK issues 2020 Budget confirming implementation of a 2% DST on revenues earned from 1 April 2020.

A review of the week's major US international tax-related news. In this edition: US Treasury sends final and proposed Section 59A BEAT regulations to OMB for review – IRS reconsidering Form 1120-F nonfilers compliance campaign following TIGTA review – OECD official says Pillar 1 and Pillar 2 proposals will incorporate tax certainty as a core component.

This week we look at S corporation status lost when SMLLC shareholder adds a new interest holder Tax Court does not accept author’s attempt to treat a portion of her income as not self-employment income IRS releases employer tables and worksheets for TCJA-aware draft Form W-4 TIGTA finds that LB&I imposes accuracy-related penalties at lower rate than does SE/SE Envelope used to file Tax Court petition lacked postmark, taxpayer could not explain delivery much later than would be expected for timely mailed document

A review of the week's major US international tax-related news: OECD releases digital taxation work program – OMB sets December 2019 target date for release of many high-profile international TCJA final regulations – IRS Commissioner says cryptocurrency guidance coming within 30 days – TIGTA issues report on IRS implementation of Section 965 deemed repatriation tax

In today's Federal Newscast, amid shrinking budgets and workforce cuts, the IRS has also seen a reduction in tax enforcement.

IRS Commissioner Charles Rettig visited Kansas City this week and I got to visit with him.  The Congressional Liaison Meeting took place in St. Louis with presentations from TIGTA, the Taxpayer Advocate Service, Collections, and more.  Plus, there was a presentation including the IRS concerning identity theft.  I attended these meetings and give updates regarding those departments.

In today's Federal Newscast, the Treasury Inspector General for Tax Administration finds the I-R-S doesn't always follow its own procedures for reviewing and adjudicating cases of missed filings or under-reported income.

Identity thieves are after more than money and credit card numbers. They're also using stolen identities to get a job and leave the real person with the tax bill. It was only recently that the IRS started notifying victims of employment-related identity theft. And a program glitch means many have yet to be told. Russ Martin, assistant inspector general for audit returns processing and account services with the Treasury Inspector General for Tax Administration, joined Federal News Radio's Eric White on Federal Drive with Tom Temin to dive deeper into the details.

The IRS stopped more than 880,000 confirmed ID theft returns in calendar 2016.

Internal Revenue Service criminal investigators had their highest annual budget back in 2012. Since then, budgets have fluctuated or fallen. Now it's operating with 400 fewer agents than it had then. You don't have to guess what that means. Fewer investigations and fewer recovered dollars for the Treasury. Matt Weir, assistant inspector general for compliance and enforcement operations at the Treasury Inspector General For Tax Administration, joins Federal Drive with Tom Temin with all the details.

In today's Federal Newscast, a report from the Treasury Inspector General for Tax Administrations finds the Internal Revenue Service had many criteria for further investigating groups applying for tax exempt status.

In today's Federal Newscast, a new report highlights poor record management at the Internal Revenue Service, leading to lost or accidentally destroyed federal records.

In our 167th episode Blockchain Takes Over the Steptoe Cyberlaw Podcast, Alan Cohn, Maury Shenk, Matthew Kulkin, Cameron Arterton and Jared Butcher discuss: Digital Currency Taxation: Short overview of the IRS notice/TIGTA report/Coinbase summons; Current status of Coinbase subpoena proceedings; Third Coinbase User Opposes IRS Bid As ‘Fishing Expedition’; Coinbase Users Move To Stay Unnamed, Quash IRS Summons. Initial Coin Offerings: What is an ICO/How does it work; Legal Gray Areas (Howey test; fiduciary duties); SEC Official Urges Companies Issuing Tokens to Protect Investors; ICOs Are Changing the Way VCs Deal With Startups; The Legality of ICOs – Past and Future. Implementing Smart Contracts: Summary of blog post topics; GLTR article summary; What’s coming next. EU Proposal on AML Regulations: Status of the delayed EU proposal to extend AML regulation to virtual currencies. In other news, Surge in bitcoin price; Future of CFTC leadership; Update on OCC Fintech Charter. Our guest interview is with Meltem Demirors, Director of Development at Digital Currency Group.

Each year millions of Americans are victimized by fraudsters who steal their IRS tax return. Learn about the current IRS Tax Scams and how to protect yourself and your tax return. Keep your money in your pocket and not the fraudster's.

This video from the Department of Treasury, Treasury Inspector General for Tax Administration (TIGTA) will cover the most recent telephone IRS Tax Scam.

Join Jim Blue and Steve Weisman in a discussion on how to reduce the risk of becoming a victim of income tax identity theft.It's tax time and we all know that income tax identity theft is a major problem.  The most common way that income tax identity theft occurs is when the identity thief files an income tax return using his or her victim’s Social Security number along with a counterfeit W-2 that indicates a large refund is due.In his most recent article in USA Today, Steve wrote "According to the General Accountability Office (GAO), the IRS paid out 5.8 billion dollars in bogus refunds to identity thieves for the tax year 2013 and, according to the GAO the real figure is probably significantly higher because of the difficulty of knowing how much income tax fraud remains undetected.But it is not as bad as you think. It is worse".Steve Weisman is a lawyer, a professor at Bentley University and one of the country's leading experts in scams and identity theft. He writes the daily blog scamicide.com, where he provides daily update information about the latest scams. His new book is Identity Theft Alert.

Recently, the media and blogosphere has erupted with claims that another “IRS Scandal” is in the mix. The implication from many covering the new scandal is that the Treasury Inspector General for Tax Administration is basically in contempt of court, and is blatantly ignoring the order of a DC District Court judge to release certain… Read more → The post What happened? The Cause of Action v. TIGTA Lawsuit appeared first on Tax Machine Blog™.

In this brief podcast I discuss the results of a recent TIGTA report and answer in broad terms the question “What happens if I am denied an earned income tax credit.” One thing I don’t discuss in this podcast is the Earned Income Tax Credit Audit process. I will discuss that in a future episode.… Read more → The post Podcast Episode 4 – The Earned Income Tax Credit – A quick look. appeared first on Tax Machine Blog™.