Tag Archives: IRS

What’s next for voluntary disclosure?

Now that the voluntary disclosure programs (OVDI / VDP) have ended, tax professionals are wondering what’s going to happen next. With OVDI participants facing stiff penalties, the IRS must either increase penalties for voluntary disclosers going forward or risk angering … Continue reading

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New TAS report condemns IRS conduct on OVDP

The Taxpayer Advocate Service (TAS) is, according to its tagline, “your voice at the IRS.” It’s a government body tasked with ensuring fairness and proper conduct from the Internal Revenue Service.

Posted in OVDI / OVDP | Tagged , , , | 5 Comments

TIGTA report finds IRS’s voluntary disclosure practices “effective”

A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that nearly half of their absurdly small sample size of closed cases were improperly transcribed, and the review itself suffered from several fatal flaws. Despite this, TIGTA … Continue reading

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Breaking news: Conservatives must protect Canadians against IRS

Several politicians will be speaking with the press later today on the IRS’s overreaching into Canada.

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The IRS considers returning the favour

FATCA would require every bank in the world to report to the IRS on accounts associated with US citizens. The IRS, figuring that it would only be fair to return the favour, proposed a new regulation that would force US … Continue reading

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