IRS to target “quiet” offshore tax disclosures in light of new report

Posted on by Moskowitz LLP Posted in Tax: Audits, Litigation & Collection, International Taxation
Given the aggressive public overtures that Internal Revenue Service (IRS) officials have made regarding offshore bank accounts and tax evasion in the last five years, many taxpayers took advantage of the Offshore Voluntary Disclosure Program offered by the Internal Revenue Service. However, a report issued by the GAO (Government Accounting...
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California business owners, prepare for an audit

Posted on by Moskowitz LLP Posted in State & Local Taxation
Earlier this year, the Internal Revenue Service (IRS) made its 2012 Data Book available online. The publication, which details the tax-collecting body's activities throughout the year, revealed that high-income Americans are statistically more likely to be audited than taxpayers in lower brackets. Now, a new study conducted by National Taxpayer...
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Collection Due Process Hearings: Is it A Second Chance for Taxpayers to Litigate a Matter Previously Missed?

Posted on by Moskowitz LLP Posted in Tax: Audits, Litigation & Collection
Introduction It happens all the time. Taxpayers are assessed tax liabilities by the Internal Revenue Service (IRS). To make matters worse for many taxpayers, they fail to timely petition the United States Court to contest the assessment. In many cases, had such a taxpayer timely petitioned the United States Tax...
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