The Internal Revenue Service reminded taxpayers that there are several easy options to pay taxes electronically. For those unable to pay on time, the IRS offers a variety of ways to take care of a tax liability. This is the fifth in a series of nine IRS news releases called the TaxTime Guide, designed to…Read more
TIGTA Report Concludes That the IRS Loses Stuff?
According to a report (TIGTA Report) dated July 13 2017, by the Treasury Inspector General for Tax Administration (TIGTA), the Internal Revenue Service (IRS) systematically loses and destroys important taxpayer records due to carelessness and negligence. The TIGTA Report details the calamities of computer hard drives erroneously destroyed or damaged; the IRS does not follow its…Read more
Plastic Surgeon's Can't “Surgically Enhance” The Evidence at His Trial & is Stuck With His 3 Year Prison Sentence
According to Law360 The Third Circuit on March 16, 2018 declined to overturn a plastic surgeon's three-year prison sentence and $96,000 fine for tax evasion and was unswayed by his argument that the trial court erred in excluding evidence that he eventually paid the tax. The appeals court, in a 2-1 ruling, said the New Jersey federal…Read more
EU Adds Bahamas, Saint Kitts, Nevis and the US Virgin Islands to its BLACKLIST!
TThe EU Council of Finance Ministers has added: the Bahamas, Saint Kitts, Nevis, and the US Virgin Islands to the EU Blacklist of non-cooperative tax jurisdictions. At the same time, Anguilla, Antigua and Barbuda, the British Virgin Islands and Dominica have been put on the 'grey list' of jurisdictions that have promised to amend their…Read more