Posts Tagged IRS

Lawmakers Question IRS’ New Sole-Source Identity Verification Contract with Equifax

The House Ways and Means Oversight Subcommittee held an October 4 hearing on the IRS’s efforts and challenges toward modernizing its information technology (IT) infrastructure. Witnesses from the IRS, Treasury Inspector General for Tax Administration (TIGTA) and Government Accountability Office (GAO) testified before the subcommittee. The IRS…

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Tax Relief for Victims of Hurricane Harvey in Texas

The IRS announced that affected taxpayers in Texas will receive tax relief with extended upcoming filing deadlines for extended tax returns and estimated tax payments, and penalties associated with payroll deposits. Individuals who reside or have a business in Aransas, Bee, Brazoria, Calhoun, Chambers, Fort Bend, Galveston,…

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IRS CI Division Chief Unveils International Tax Enforcement Group

The IRS Criminal Investigation Division (IRS-CI) is putting together a new international tax enforcement group, according to IRS-CI Chief Don Fort. This information was revealed publicly to reporters for the first time during an August 2 conference call. The new initiative is expected to be fully operational…

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TIGTA Examines IRS’s Handling of Fraudulent Returns

The Treasury Inspector General for Tax Administration (TIGTA) recently reviewed the IRS’s handling of fraudulent returns filed by incarcerated individuals. According to TIGTA, some 17,000 incarcerated individuals claimed potentially fraudulent refunds worth $48 million. TIGTA reported that returns frequently are not supported by third-party income documents. In…

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Lawmakers Hold Hearing on IRS Record Retention Practices

The Oversight Subcommittee of the House Ways and Means Committee reviewed the IRS’s record retention practices at a hearing on July 25. Officials from the IRS and the Treasury Inspector General for Tax Administration (TIGTA) testified. “The IRS has long been challenged in the area of record…

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IRS Appeals Pilot Program Offers Virtual Service to Taxpayers

The IRS Office of Appeals has launched a web-based pilot program to provide a virtual conference option to taxpayers, effective August 1, 2017. The pilot program will use a secure, web-based screen-sharing platform to connect with taxpayers face-to-face from anywhere they have internet access. The IRS expects…

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ACA Repeal & Replacement Fails in Senate; Administrative Changes Possible

At press time, it appears that legislation to repeal and replace the Affordable Care Act (ACA) – including its taxes – will not be revisited until after Congress’ August recess. Although there have not been any legislative changes to the ACA, there could be administrative changes. “The…

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IRS’ Processes Inadequate for Notifying Individuals Without Health Insurance

The IRS did not issue the required notification letters by June 30, 2015, to taxpayers without Minimum Essential Coverage under the Patient Protection and Affordable Care Act (ACA) for tax year 2014, the Treasury Inspector General for Tax Administration (TIGTA) reported. In March 2016, the IRS’s ACA…

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Issuers May Voluntarily Report Catastrophic Exchange Coverage in 2017

All persons providing minimum essential coverage (such as issuers) are required to file annual information returns with the IRS reporting certain information, including information that identifies each covered individual and the months of coverage. Under current law, health insurance issuers are not required to report coverage for…

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IRS Updates FAQs On Passport Certification

The IRS has updated its online frequently asked questions (FAQs) about passport certification. Code Sec. 7345 authorizes the IRS to certify that a taxpayer has seriously delinquent tax debt to the U.S. State Department. The IRS website reports that passport certifications will begin in early 2017. Speaking…

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