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IRS Faulted for Lax Housing Tax Credit Oversight
As the growing lack of affordable housing gets more attention, a recent report by the US Government Accountability Office (GAO) finds that IRS oversight of the low-income housing tax credit program continues to be “minimal.”  The...
IRS Statement on 'Get an IP Pin' Tool
The Internal Revenue Service today announced that the “Get an IP PIN” tool has returned to IRS.gov with a stronger authentication process to help protect taxpayers. The Identity Protection Personal Identification Number (IP PIN) is...
National Taxpayer Advocate Reviews Filing Season and Identifies Priority Areas and Challenges in Mid-Year Report to Congress
National Taxpayer Advocate Nina E. Olson today released her statutorily mandated mid-year report  to Congress that contains extended excerpts from her ongoing Public Forums on Taxpayer Needs and Preferences, presents a review of the 2016 filing...
State Tax Department Moving Main Office to Downtown Hartford
The Department of Revenue Services (DRS) main office at 25 Sigourney Street will be moving to a more accessible and energy efficient building at 450 Columbus Boulevard in downtown Hartford. The first wave of weekly moves will begin on July 8, and...
IRS, Partners Warn Tax Preparers of Data Theft Risks; Launch New Campaign to Increase Awareness
Leaders from the Internal Revenue Service, state tax agencies and tax preparation community today warned tax preparers that they increasingly are targets of cybercriminals and should take appropriate steps to protect clients from data theft.
IRS Launches More Rigorous e-Authentication Process and Get Transcript Online
With the assistance of top digital experts at U.S. Digital Service and other security authorities, the Internal Revenue Service today launched a more rigorous e-authentication process for taxpayers that will significantly increase protection...
IRS Takes Steps to Help Students; Outlines Interim Process for Obtaining Refunds of Withholding Tax Reported on Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding
Source: www.irs.gov June 6, 2016 In response to concerns about the difficulties that some foreign students are experiencing in obtaining refunds of withholding tax reported on Form 1042-S, Foreign Person’s U.S. Source Income Subject to...
IRS Warns of Latest Scam Variation Involving Bogus 'Federal Student Tax'
The Internal Revenue Service today issued a warning to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax, the “Federal Student Tax.” Even though the tax deadline has come and gone,...
Timely and Meaningful Access to the IRS Is Most Important to Taxpayers and Tax Practitioners AICPA Tax Chair Tells National Taxpayer Advocate at Public Forum
Timely and meaningful access to the Internal Revenue Service (IRS) is what’s most important to taxpayers and tax preparers, Troy K. Lewis, CPA, CGMA, chair of the American Institute of CPAs’ (AICPA) Tax Executive Committee, testified...
IRS Data Show Tax Gap Has Reached $458 Billion
The difference between taxes owed and taxes paid on time – known as the tax gap – increased to an estimated $458 billion during the period from 2008 to 2010, according to a report  the IRS released on April 28.  The last time the IRS...

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