The Tax Exempt and Government Entities Division of the Internal Revenue Service has issued new internal guidance for its agents on issuing information document requests (IDRs). The IRS issues IDRs to gather information during an examination. The new process will go into effect on April 1, 2017. Prior to its implementation, TE/GE will provide training…
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New Fast Track Mediation – Collection Procedure 2016-57
Revenue Procedure 2016-57 replaces Fast Track Mediation (as outlined in Rev. Proc. 2003-41) with Fast Track Mediation—Collection. Fast Track Mediation—Collection provides taxpayers an opportunity to resolve certain offer-in-compromise and trust fund recovery penalty issues and cases worked by Collection on an expedited basis with an Office of Appeals mediator serving as a neutral party. Revenue Procedure…
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Ex-Swiss Banker Stefan Buck To Go To Trial For Conspiracy To Evade Taxes
We posted on October 15, 2016 144 Offshore Banks & Now Financial Advisors Are Turning Over Your Names To The IRS - What Are Your Waiting For? where we discussed that the Government has add 47 more Banks and FINANCIAL ADVISORS to this list bringing the number to 144 Offshore Banks and Foreign Financial Advisors.…
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Republican Congress & Senate May “Bust Up The IRS”
According to Law360, the existing structure of the Internal Revenue Service could be on shaky ground with Republicans controlling Congress and a proposal to shrink the agency to three smaller units focused on individual taxation, corporate taxes and dispute resolution based on the style of a small claims court. House Ways and Means Committee Chairman…
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