The power of the Internal Revenue Service could be brought to bear against the Black Police Association of Dallas, after a 40-year-old member of the organization made allegations of financial wrongdoing by the organization before he became president. The man previously served in the Dallas Police … [Read more...] about IRS declines comment on BPA’s missing funds
Experts gauge how Congress will “patch” taxes in 2012
Not many tax changes are planned in the Internal Revenue Service rule books for 2012. Tax agencies and tax litigation specialists recommend using the year to get tax plans ready for potential big changes that may occur for 2013. High-asset and some middle-income taxpayers will feel a pinch if … [Read more...] about Experts gauge how Congress will “patch” taxes in 2012
Must be the holidays: The IRS is in a giving mood
The Internal Revenue Service is having trouble locating people in Texas who overpaid taxes. The power of the IRS to send out refunds diminishes when taxpayers move without letting the government know where they have gone. The government tax agency, which regularly makes headlines for imposing … [Read more...] about Must be the holidays: The IRS is in a giving mood
Audit says transitional IRS e-file system under-tested
A new report criticizes the Internal Revenue Service for less than effective tax administration by under utilizing and under testing the Modernized e-file system. Electronic filing is no longer new to individual and business taxpayers. The IRS gradually, but cautiously, expanded the use of the … [Read more...] about Audit says transitional IRS e-file system under-tested
Taxpayer advocates say IRS should spend more on customer service
As federal budget cuts loom, the Internal Revenue Service is preparing to do more with less. The power of the IRS was strong enough to prevent more than $4 billion in refunds to potential tax cheaters last year, an enormous increase of more than 170 percent from tax, penalties and … [Read more...] about Taxpayer advocates say IRS should spend more on customer service
IRS prepares for budget cuts with employee cuts
The ability of the Internal Revenue Service to collect federal taxes and impose future penalties and interest may be hampered by a recent decision affecting IRS workers. The tax agency is trimming its workforce in anticipation of federal cuts that could reduce its operating budget by more than 3 … [Read more...] about IRS prepares for budget cuts with employee cuts