On June 5, 2019 we posted IRS Whistleblower Office Collects Over $1.44 Billion & Paid a Record $312M to Tipsters, where we discussed that the Internal Revenue Service’s Whistleblower Program made 217 awards to whistleblowers totaling $312,207,590 and collected $1,441,255,859 in fiscal year 2018, according to a new report. The annual report from the IRS Whistleblower…
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House Panel Approves Bill, Which Has a 12% Chance of Passage, Requiring Entities to Identify Beneficial Owers
A House committee approved H.R. 2513: Corporate Transparency Act of 2019 June 12, 2019 that would require companies to disclose the identity of their beneficial owners in an effort to unmask anonymous shell companies and help law enforcement combat illicit money laundering and tax evasion. In a vote of 46-13, the House Committee on Financial…
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Finally the Senate To Vote On Tax Treaties Previously Blocked by Senator Rand Paul
On November 11, 2015 we posted Finally the Senate Foreign Relations Committee Approves 8 Tax Treaties! where we discussed the lack of progress regarding the U.S.-Switzerland tax treaty remains stuck in the Senate after Sen. Rand Paul (R-Ky.) blocked an effort to propel it forward by Senate Foreign Relations Committee Chairman Robert Menendez (D-N.J.) Back in 2015…
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IRS Commissioner Tells CPAs That Enforcement is Top on His Agenda
The Internal Revenue Service may be short-staffed and have seen its budget cut, but Commissioner Charles Rettig believes he can both improve taxpayer and tax practitioner service, and up the agency’s enforcement game. "I’m An Enforcement Guy, I’m A Taxpayer Service Guy -- I Hope To Touch Every Aspect Of The Tax Service," he…
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