IR-2012-42, April 5, 2012 WASHINGTON ― As IRS Commissioner, I am the head of a 100,000 employee financial services institution that processes over $2.5 trillion annually for over 200 million individuals, businesses, and non-profits. So today, I wanted to share with you some of the results of four years of relentless focus on a handful…
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IRS Extends Time for Manager Meetings on Audits
The time for examiners to conduct a Group Manager Concurrence Meeting as part of a tax audit has been extended from 14 days to 30 days, the Internal Revenue Service said in a memorandum (SBSE-04-0312-023 ) to agents. This interim guidance memorandum is being issued to Examination personnel to advise the requirement to conduct a…
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Colorado Sales and Use Tax Reporting Requirement for Out-of-State Retailers Struck Down By Colorado Judge
A federal judge in Colorado struck down March 30 as unconstitutional a reporting requirement imposed on out-of-state vendors that do not collect and remit state sales and use taxes (Direct Marketing Association v. Huber, D. Colo., No.1:10-CV-01546-REB-CBS, order 3/30/12). Judge Robert E. Blackburn of the U.S. District Court for the District of Colorado said that…
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IRS Advocate: New Taxpayer Rights Crisis Is Brewing
IRS Advocate: New Taxpayer Rights Crisis Is Brewing - Forbes Read more at: Tax Times blog
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