IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS, Europe Join to Target Americans Holding Foreign Accounts
By Marlene Y. SatterThe governments of France, Germany, Italy, Spain and the U.K. joined with the Treasury Department to express intent to use a government-to-government framework to implement the requirements of FATCA, which target evasion by U.S. taxpayers using foreign accounts.
January 17, 2012
IRS Burdened by Inadequate Resources: Internal MonitorAmerican taxpayers face inadequate service, erosion of rights and reduced tax compliance because of the Internal Revenue Service's expanding workload and declining resources, according to a report by the IRS' internal monitor.
January 12, 2012
Providers of 403(b) Plans Gear Up for Regulatory ChallengesProviders of 403(b) plans that are subject to ERISA will face regulatory challenges this yearnamely complying with the Department of Labors fee disclosure rule as well as the expanded Form 5500 reporting requirements.
January 11, 2012
IRS Reopens Offshore Tax Disclosure ProgramWealthy get a third chance to come clean, after previous programs collected more than $4.4 billion.
January 06, 2012
U.S. IRS Audited Record Millionaires in Fiscal ’11 (Bloomberg)2011 marked the third consecutive year that the IRS increased its audit rate on individual tax returns showing income of more than $1 million.
January 06, 2012
U.S. IRS Audited Record Millionaires in Fiscal ’11 (Bloomberg)2011 marked the third consecutive year that the IRS increased its audit rate on individual tax returns showing income of more than $1 million.
January 06, 2012
IRS Puts W-2 Health Advice in a NutshellEmployers can keep HSAs and LTCI out; transitional rules apply to stand-alone dental.
January 03, 2012
IRS Posts W-2 Health Reporting GuidanceEmployers need not include voluntary, employee-paid hospital indemnity and critical illness premiums in the total.