Tax Gap Holds Steady — IRS Will Continue to Pursue Taxpayers With Unpaid Taxes

irs logoIn September 2019, the Internal Revenue Service (IRS) released tax gap estimates for tax years 2011 through 2013. The numbers indicate that the gap has stayed the same as the previous tax years. However, the IRS will continue to pursue taxpayers who are not compliant. Here’s what you need to know.

What Is […]

October 3rd, 2019|Tax News|0 Comments

TIGTA Audit Reveals Issues With How IRS Handles Requests for Appeals Hearings

tigta audit appeals processEstablished in 1998 to provide independent oversight to the Internal Revenue Service (IRS), the Treasury Inspector General for Tax Administration (TIGTA) regularly audits IRS processes. In September 2019, the group completed an audit of various aspects of the IRS appeals hearing process. The TIGTA found several mistakes that are worrisome for taxpayers.

What Is the […]

September 18th, 2019|Tax News|0 Comments

IRS Issuing Erroneous Refunds on Amended Tax Returns

irs treasuryOver the last five years, the Internal Revenue Service (IRS) has issued over $2 billion in erroneous or fraudulent tax refunds related to amended tax returns. On July 31, 2019, the U.S. Treasury Inspector General for Tax Administration (TIGTA) released a report. The report detailed why these mistakes are happening. It also outlined […]

IRS OIC Acceptance Rate And Tax Levies Rise; Liens and Audits Fall in 2018

The IRS released its 2018 version of the IRS Data Book, which provides a snapshot of all activities conducted by the agency during the previous fiscal year. It covers activities that the IRS conducted between October 1, 2017, and September 30, 2018. It includes tax returns, appeals, exams, audits, levies, liens, and other tax-enforcement activities. The […]

Why Is My Tax Return Refund Split Into More Than One Check?

view tax refundWhen you filed your income tax returns for the past tax year, your tax preparer or the software program you were using probably gave an estimate of how much money you would receive back from the government.  You were likely very excited to receive your tax refund. You may have planned precisely how you were […]

May 2nd, 2019|Tax Tips|0 Comments

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