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Monthly Archives: November 2019

In-Person IRS Tax Compliance Visits Coming to Your Neighborhood Soon!

According to accountingTODAY, the Internal Revenue Service is expanding its efforts to ensure businesses and individuals are paying their taxes, particularly payroll taxes, with in-person visits planned by revenue officers to more parts of the country, starting recently in Wisconsin and later this month Texas and Arkansas. The goal of the visits is to help…
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IRS Announces Increases Enforcement on Syndicated Conservation Easements

The Internal Revenue Service announced in IR 2019-182, 11/12/2019 a significant increase in enforcement actions for syndicated conservation easement transactions, a priority compliance area for the agency. Coordinated examinations are being conducted across the IRS in the Small Business and Self-Employed Division, Large Business and International Division and Tax Exempt and Government Entities Division. Separately,…
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IRS CI Identifies Dozens of Cryptocurrency Tax Evaders at J5!

The IRS’s criminal division identified “dozens” of potential cryptocurrency tax evaders or cybercriminals after a meeting this week with tax authorities from four other countries.   Leaders of tax enforcement authorities from the U.S., Australia, Canada, the Netherlands and the United Kingdom, known as the J5, met this week to discuss ways to deal with tax…
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Form W-8's Being Audited By the IRS for Reliability – It is About Time

The IRS’s Large Business and International (LB&I) division has released a process unit on using a withholding agent’s electronic systems to evaluate the reliability of the information provided by foreign payees on Forms W-8.  A withholding agent is a U.S. or foreign person that has control, receipt, custody, disposal, or payment of any item of income…
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