Pocedurally Taxing recently posted regarding Dave Breen's, the acting Director of Villanova’s Low Income Taxpayer Clinic, view regarding the case of Greenfield v US; a recent IRS setback in a summons enforcement case out of the Second Circuit. Dave's take on this recent case is that taxpayers and some practitioners may believe that the era of IRS…
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Treasury Releases Their Report On The IRS Whistleblower Program
On September 25, 2015 we posted Five- to Seven-Year Turnaround on Whistle-Blower Awards - Get Your Whistles Ready! where we discussed that it can take from five to seven years, or more, for the IRS Whistleblower Office to make a decision about whether to pay an informant for information about individuals or businesses that don't…
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IRS Wins Summons Challenge From Virtual Currency Exchanger Coinbase Inc.
According to Law 360 a California federal court Thursday authorized a John Doe summons by the IRS to obtain information from virtual currency exchanger Coinbase Inc. so it can investigate whether the company’s customers avoided paying taxes on transactions made through the company. San Francisco-based Coinbase itself has not been accused by the IRS of engaging…
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Panama Papers – Global Effects Thus Far & Continuing Impact
On April 4, 2016 we posted Huge Leak From the Panamanian Law Firm Mossack Fonseca! where we discuss that the offshore planning world was set on fire with the news that 11 million documents were leaked from the Panamanian law firm Mossack Fonseca. They show how Mossack Fonseca has helped clients launder money, dodge sanctions and…
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