The recently passed Pension Protection Act of 2006 puts in place some new rules that will affect many filers of 2006 tax returns. The legislation was geared at stabilizing corporate pension plans, but other provisions will have an affect on […]

Starting in September, the IRS is contracting with outside debt collectors to go after delinquent taxpayers. The American Jobs Creation Act of 2004 authorized the IRS to contract with private firms to do this work. The three firms currently under […]

Milwaukee area jewelery Harry C. Glinberg has been charged with money laundering, and has been accused of significantly underreporting his income to the IRS. He was arrested last week and is currently free on a signature bond. Glinberg is accused […]

The Wisconsin Taxpayers Alliance has analyzed state and local taxes and U.S.Census data, and has determined that the state is sixth highest in taxes as a percentage of personal income. If measured per capita, Wisconsin ranks twelfth. And if only […]

iParenting.com By Deborah Ng When Lisa Keene received a notice from the IRS informing her of an audit, she started to panic. After she caught her breath, she called her accountant and read the notice to him. “You know, it […]

Richmond Times-Dispatch By Iris Taylor Call it tax aftershock. You filed your return and now you owe the Internal Revenue Service a bundle of money that you don’t have. You’re panicking because you know if you ignore it, the IRS […]

The first civil case over the tax shelter called “Son of Boss” went in favor of the IRS. Tax Court Judge David Laro granted summary judgment to the IRS in its case against RJT Investments X LLC in Omaha, Nebraska. […]

This is a first! The IRS has started using private companies to collect overdue taxes. If the program is successful, it will be expanded next year. The IRS claims the “tax gap” has grown to $290 billion. The tax gap […]