Tax Whistleblowers Receive $74m Of $263m Recovery; IRS Plans 170% Increase In Whistleblower Office Staff
TaxProf Blog » IRS News
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1w ago
They Exposed a Tax Cheater. They’ll Share a $74 Million Reward. September 28, 2024 in ..read more
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WSJ: A Tax-Shelter Crackdown Uncovers A Dentist’s ‘Smile High Trust’
TaxProf Blog » IRS News
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1w ago
September 30, 2024 in , a family dentist in Fort Collins, Colo., is in tax trouble that could take a big bite of his time and money [ on six criminal counts for using an “abusive-trust tax shelter” to hide more than $3.5 million of taxable income he earned from 2017 to 2022. He allegedly underpaid more than $1 million of tax over that period ..read more
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WaPo: Meet The Black-Belt, Tattooed IRS Official Who Saved 23 Children From Their Abusers
TaxProf Blog » IRS News
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1w ago
Meet the Black-Belt, Tattooed IRS Official Who Saved 23 Children From Their Abusers into the business shirt and pressed slacks of a professional accountant. When he sits down at his computer, what he will do at work is much the same as what he does at the dojo. This work has, among other things, led to the rescue of   from rape and assault, the seizure of a quarter-million child abuse videos and the arrest of 370 alleged pedophiles. It has resulted in the largest-ever seizure of cryptocurrency headed to Hamas, al-Qaeda and the Islamic State. When Changpeng Zhao, chief of the world’s ..read more
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Musk & Ramaswamy DOGE Commission Eyes Tax Filing App
TaxProf Blog » IRS News
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1w ago
tapped billionaire Elon Musk and former pharmaceutical executive Vivek Ramaswamy to lead November 20, 2024 in the “DOGE” panel and gave them two principal mandates: cut government spending and reduce federal regulations. The leaders of the group have also discussed overhauling the tax system to let Americans file their taxes through a mobile app, viewing it as an opportunity to improve how millions of taxpayers interact with the federal government, the people said. This idea is not viewed as central to the commission’s work but could still emerge as a goal, although what form its recommendatio ..read more
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Tax Whistleblowers Receive $74m Of $263m Recovery; IRS Plans 170% Increase In Whistleblower Office Staff
TaxProf Blog » IRS News
by
2M ago
They Exposed a Tax Cheater. They’ll Share a $74 Million Reward. September 28, 2024 in ..read more
Visit website
A Tax-Shelter Crackdown Uncovers A Dentist’s ‘Smile High Trust’
TaxProf Blog » IRS News
by
2M ago
September 30, 2024 in , a family dentist in Fort Collins, Colo., is in tax trouble that could take a big bite of his time and money [ on six criminal counts for using an “abusive-trust tax shelter” to hide more than $3.5 million of taxable income he earned from 2017 to 2022. He allegedly underpaid more than $1 million of tax over that period ..read more
Visit website
Meet The Black-Belt, Tattooed IRS Official Who Saved 23 Children From Their Abusers
TaxProf Blog » IRS News
by
2M ago
Meet the Black-Belt, Tattooed IRS Official Who Saved 23 Children From Their Abusers into the business shirt and pressed slacks of a professional accountant. When he sits down at his computer, what he will do at work is much the same as what he does at the dojo. This work has, among other things, led to the rescue of   from rape and assault, the seizure of a quarter-million child abuse videos and the arrest of 370 alleged pedophiles. It has resulted in the largest-ever seizure of cryptocurrency headed to Hamas, al-Qaeda and the Islamic State. When Changpeng Zhao, chief of the world’s ..read more
Visit website
IRS: The Tax Consequences Of Online Crowdfunding
TaxProf Blog » IRS News
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3M ago
IRS Reminds Taxpayers of Important Tax Guidelines Involving Contributions and Distributions from Online Crowdfunding September 2, 2024 in ..read more
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IRS Celebrates National Whistleblower Day: $1.2 Billion Awards, $7 Billion Paid By Non-Compliant Taxpayers
TaxProf Blog » IRS News
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4M ago
IRS Whistleblower Office Celebrates National Whistleblower Day; Over $7 Billion in Collected Proceeds Thanks to Whistleblowers August 5, 2024 in  today recognized the important role whistleblowers play in supporting the nation’s tax administration ..read more
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AI-Generated Tax Advice Is Not (Yet) Making the Grade
TaxProf Blog » IRS News
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5M ago
informal review by the Washington Post June 18, 2024 in found that two of the leading tax preparation companies’ chatbots provided inaccurate or irrelevant responses up to 50 percent of the time when initially asked 16 complex tax questions ..read more
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