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. 1 Freedom of Information Act Responses Were Found Lacking. Even when taxpayers request files from the IRS under the Freedom…
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New Amendments to Swiss-US Tax Treaty Enter Into Force on Sept. 20
On July 31, 2019 we posted Senate OKs Tax Treaties With Spain, Japan, Switzerland & Luxembourg, where we discussed that the U.S. Senate on July 17, 2019 approved three bilateral tax treaties with Switzerland, Luxembourg and Japan, one day after approving a treaty with Spain.Now according to Law360, amendments to the U.S.-Switzerland tax treaty providing for mandatory arbitration of double-tax…
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Senate Committee Approves Budget Calls For $11.5B In IRS Funding Up $200 Million From 2019 Budget!
On March 20, 2019, we posted 2020 Budget Calls For $11.5B In IRS Funding Up $200 Million From 2019 Budget!, where we discussed that President Donald Trump’s budget for fiscal year 2020 calls for $11.5 billion in funding for the Internal Revenue Service, up from $11.3 billion in the current fiscal year and that a slight $200 million increase…
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TIGTA Reports That Billions of Dollars in Non-Filer Employment Taxes Went Unassessed
Final Report issued on September 16, 2019, Highlights of Reference Number: 2019-30-069 to the Commissioner of Internal Revenue. When a taxpayer that has a filing requirement fails to file a tax return, the IRS is authorized under Internal Revenue Code Section 6020(b) to determine and assess a tax liability. For certain business nonfilers with unfiled employment tax…
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