The Taxpayer Advocate Service (TAS) changed its criteria for accepting individual taxpayer cases for assistance, reducing the instances in which it will accept cases. The TAS said it took this action so that it can focus on cases “where we can add the most value.” In a notice to taxpayers and tax professionals, the TAS…
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IRS’s Voluntary Disclosure Data-Mining Program
Attorney Jay Nanavati published “Why Holders of Foreign Bank Accounts Need to Worry About IRS's Voluntary Disclosure Data-Mining Program” in Bloomberg BNA's Daily Tax Report. In this Article Navavati asks "Have you ever been surprised by Facebook or LinkedIn’s ability to suggest people to whom you may be connected, when even you had forgotten how you…
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IRS Issuing Erroneous Letters to Taxpayers on Form for Foreign Trusts
The American Institute of CPAs (AICPA) has become aware of a widespread problem affecting numerous taxpayers across the country (including taxpayers in: California, Florida, Maryland, Massachusetts, New York, and Washington) as well as taxpayers in Canada who are receiving incorrect letters from the Internal Revenue Service (IRS) regarding the completion and filing of Form…
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Swiss Arrest Man For Alleged Data Theft From Swiss bank Julius Baer
Swiss prosecutors Thursday said they opened an investigation into the theft of data from Swiss bank Julius Baer that German authorities allegedly bought amid a drive to crack down on suspected tax evaders. The office of Switzerland's attorney general Thursday said a suspect has been arrested in connection with the alleged data theft, but declined…
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