The U.S. District Court for the Southern District of Ohio issued has entered a permanent injunction ordering ITS Financial LLC, the parent company of the Instant Tax Service franchise, to cease operating, the Justice Department announced today. The injunction order, which was signed yesterday by Judge Timothy S. Black of the U.S. District Court for…
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Seems Like The IRS Is Having Trouble Delivering Transcipts?
We reprinted Tax Attorney James R Malone, Jr's string of postings from Tax Controversy Professionals LinkedIn Group, which indicates that the IRS doesn't seem to be taking live transcript requests? Ellen Brody- Partner at Roberts & Holland LLP My partner had that same problem yesterday - leave me a message with all the detail and we will mail…
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Fast Track Settlement Program Now Available Nationwide To Helps Small Businesses Under Audit
The Internal Revenue Service today announced the nationwiderollout of a streamlined program designed to enable small businesses under audit to more quickly settle their differences with the IRS. The Fast Track Settlement (FTS) program is designed to help small businesses and self-employed individuals who are under examination by the Small Business/Self Employed (SB/SE) Division of…
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IRS Using Every Resource to Find Taxpayers Who Made “Quite Disclosures” of Their Offshore Accounts
We have previously written on the topic of the “Quiet Disclosure” alternative for complying with U.S. offshore reporting requirements: IRS Collected $5.5 Billion From OVDI, But According to GAO, May Be Missing Billions More? IRS Cracks Down on "Quiet Disclosures" Quite Disclosure" Caught - DOJ Files To Collect 50% FBAR Penalty! Under this alternative,…
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