UK Prime Minister David Cameron made the following announcement in the House of Commons: ‘I do not think it is fair any longer to refer to any of the Overseas Territories or Crown Dependencies as tax havens.They have taken action to make sure that they have fair and open tax systems’. The Prime Minister's comments…
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IRS Implements Shorter Processing Time for Taxpayer Authorizations
According to Beyond 4/15, the IRS announced that it would now process all tax authorizations within 5 business days (IRM Procedural Update #WI-21-1113-1609 dated Nov. 7, 2013), compared with its estimate of 10 days after the retirement of the IRS e-Services Disclosure Authorization tool on Sept. 3. This announcement affects the timeframe for practitioners to…
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Another Fraudulent Tax Firm, “Instant Tax Service,” Ordered t to Shut Down.
The U.S. District Court for the Southern District of Ohio issued has entered a permanent injunction ordering ITS Financial LLC, the parent company of the Instant Tax Service franchise, to cease operating, the Justice Department announced today. The injunction order, which was signed yesterday by Judge Timothy S. Black of the U.S. District Court for…
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Seems Like The IRS Is Having Trouble Delivering Transcipts?
We reprinted Tax Attorney James R Malone, Jr's string of postings from Tax Controversy Professionals LinkedIn Group, which indicates that the IRS doesn't seem to be taking live transcript requests? Ellen Brody- Partner at Roberts & Holland LLP My partner had that same problem yesterday - leave me a message with all the detail and we will mail…
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