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IRS updates: Restarting the income tax levy program, and more

At a recent meeting of government officials and stakeholders, officials from the Internal Revenue Service offered updates on the Office of Promoter Investigations, the Fraud Enforcement Office, Forms 940X and 941, and the introduction of several new office directors. National Conference of CPA Practitioners tax chair Stephen Mankowski shared highlights:
Notices, liens and levies
Andrew Harrer/Bloomberg
The IRS began sending out letters from the Automated Collection System function in June, and restarted the income tax levy program in July. In addition, responsible officers continue to work on nonfiler cases and are sending out notices and billing notices; however, their focus is primarily on egregious cases, such as high-income non-filers, according to Mankowski. ....

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Malta-US tax scheme added to the 'Dirty Dozen' scam list

Malta-US tax scheme added to the 'Dirty Dozen' scam list
timesofmalta.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofmalta.com Daily Mail and Mail on Sunday newspapers.

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Page A1 | e-Edition | themountainpress.com

Page A1 | e-Edition | themountainpress.com
themountainpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themountainpress.com Daily Mail and Mail on Sunday newspapers.

Puerto Rico , United States , Sevier County , Hamblen County , Todd James Jeffery , Albert Biggs , Chris Wandell , Chuck Rettig , Thomasa Moody , Austin Williams , Fran Walker , Kelsey Jones , Ashley Burnette Davis , Revenue Service , Sevier County Heritage Museum , Sevierville Police , Visitors To Anna Porter Public Library , Great Smoky Mountains National Park , Office Of Promoter Investigations , Louisiana State University , American Eagle Foundation , Sessions Court , Commons Association , Anna Porter Public Library , Sevierville Commons Association , Sevier County Sheriff Office ,

IRS wraps up its 2021 "Dirty Dozen" scams list with warning about promoted abusive arrangements

IRS wraps up its 2021 "Dirty Dozen" scams list with warning about promoted abusive arrangements
irs.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irs.gov Daily Mail and Mail on Sunday newspapers.

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IRS Enforcement Revival: Could The Long Decline In Criminal And Fraud Enforcement Activity Be Coming To An End? | Vinson & Elkins LLP

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In his April 28, 2021 address, President Biden asked Congress to provide $80 billion of extra funding for the Internal Revenue Service (“IRS”) over the next decade.
1 While the timing and amount of any additional funding are uncertain, there appears to be general agreement that increased funding of IRS enforcement efforts is critical to reverse the steady decline of audits, criminal investigations and prosecutions over the last decade.
2 The IRS is not waiting for additional funds to ramp up its fraud and criminal enforcement activities, however, having recently established new units focused on these efforts. ....

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