Posts Tagged tax compliance
GAO Says IRS Should Focus Additional Audit Efforts On Middle / Upper Class
Posted by admin in Tax, White Collar Criminal on January 5, 2013
by Brian Mahany Here is a shocking headline… the General Accounting Office recommended the IRS devote more of its enforcement and audit efforts to those taxpayers earning more than $200,000 per year. That means the average middle or upper class earner will have an even higher chance of being audited. According to the GAO study, [...]
IRS Targets New Scheme In Employment Plan Arena – Captive Management Companies
by Brian Mahany People think that accountants and tax lawyers lead boring lives. Perhaps that may be true for some, but there is plenty of action these days with the IRS and their Employment Plans tax group. Recently, the IRS identified an “emerging issue” that it calls a potential Abusive Tax Avoidance Transaction. If you [...]
Charities – The New Tax Scam?
by Brian Mahany Thanks to our friends at Offshore Alert, we just read of a new tax scam involving offshore charities. Apparently folks in the U.K. have discovered that its easy to simply create a bogus charity in another country. Once approved, the taxpayer then “donates” to the charity and takes the deduction on his [...]
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