Irs Filing & Compliance. Legal news and articles for December 29 - 31, 2011

CDR Financial Products and its Owner Plead Guilty to Bid-Rigging and Fraud ...Join Date: Dec 2011Would you believe: Real time tax system?USDOJ: CDR Financial Products and Its Owner Plead Guilty to Bid-Rigging and ...Legal Forecast: The Supreme Court Won't Strike Health Reform - Part IIIRS Form 3921, 3922: Account Ability Releases Section 6039 Compliance ...Obama Has United the World...in Opposition to Bad US Tax PolicyBSI Payroll Tax Solutions Quickly Updated for Extended Payroll Tax CutOverseas assets under microscopeTaxfreepremiums Adds Referral Program to Scope of ServicesAudit: As e-filing increases, IRS needs to monitor paid preparersTIGTA Recommends Tighter E-Filing ControlsWhy Tax-Compliant Clients May Soon Find it Harder to Live AbroadTrump's Tax Trump? You're Fired IRS!AIG Provides Update on the Tax Treatment of Warrants Issued via Dividend on ...

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IRS Plans to Change Compliance Model to 'Real Time' From 'Look Back'
AdvisorOneDecember 2, 2011

In an initiative to streamline the tax filing process, the IRS is moving away from its traditional “look back” model of compliance toward a substantially more “real time” one, and will seek public feedback about how to implement ...more »

IRS makes significant change in reporting of capital gains
Royal GazetteDecember 6, 2011

The Internal Revenue Service has made a significant change to the method by which capital gains and losses will be reported of 2011 US Federal individual income tax returns and has also introduced new Form 8938 which will be used to report Specific ...more »

Irs Filing & Compliance. News and Stories

CDR Financial Products and its Owner Plead Guilty to Bid-Rigging and Fraud ...
Insurance News Net (press release)December 31, 2011

The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement...more »

Join Date: Dec 2011
Expat ForumDecember 31, 2011

I've been reading through many of the discussions here and there's a lot of misinterpretation and misunderstaning about the requirements of compliance and the consequences of not being compliant. Renounciation is of course an option to avoid the ...more »

Would you believe: Real time tax system?
El Paso Inc.December 30, 2011

The IRS also says RTTS will curb tax evasion and improve tax compliance by giving the IRS a tool to screen tax returns for unreported income and/or unqualified tax credits before accepting returns as filed or disbursing tax refunds. ...more »

USDOJ: CDR Financial Products and Its Owner Plead Guilty to Bid-Rigging and ...
7thSpace Interactive (press release)December 30, 2011

“ IRS is the federal agency responsible for compliance with tax laws applicable to the issuance of tax-exempt municipal bonds,” said Special Agent in Charge Charles R. Pine of the Internal Revenue Service-Criminal Investigation (IRS-CI) New York Field ...more »

Legal Forecast: The Supreme Court Won't Strike Health Reform - Part II
Huffington PostDecember 30, 2011

The health reform act charges the IRS with "assessing and collecting" the mandate's penalty. Arguably: The penalty is not a tax because Congress did not arm the IRS with every available tax enforcement tool to collect it. (The IRS' primary enforcement ...more »

IRS Form 3921, 3922: Account Ability Releases Section 6039 Compliance ...
DigitalJournal.com (press release)December 30, 2011

Integrated Data Management Systems, Inc. (IDMS), a leading provider of 1099 and W-2 software, today announced the release of its Account Ability Tax Form Preparation Software to help businesses comply with IRS regulation section 6039. ...more »

Obama Has United the World...in Opposition to Bad US Tax Policy
ForbesDecember 30, 2011

o From the Persian Gulf, the Bahrain Daily News noted, “A US law…has drawn the criticism of the world's banks and business people, who dismiss it as imperialist and “the neutron bomb of the global financial system.” The unusually broad regulation, ...more »

BSI Payroll Tax Solutions Quickly Updated for Extended Payroll Tax Cut
San Francisco Chronicle (press release)December 30, 2011

Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011, according to the IRS. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point ...more »

Overseas assets under microscope
China.org.cnDecember 30, 2011

Last week, the US Internal Revenue Service (IRS) announced part of the implementation details of the Foreign Account Tax Compliance Act (FATCA). Under FATCA, certain US taxpayers holding financial assets outside the United States must report those ...more »

Taxfreepremiums Adds Referral Program to Scope of Services
PR Web (press release)December 30, 2011

This service provides a virtual toolkit with all required documents and a step by step process designed to get an employer in compliance with IRS and DOL requirements. The service provides automated compliance updates, archived documents, and now, ...more »

Audit: As e-filing increases, IRS needs to monitor paid preparers
The Hill (blog)December 29, 2011

By Bernie Becker - 12/29/11 03:21 PM ET As tax returns increasingly are filed electronically, the IRS needs to keep an eye on whether preparers are following new rules, a new federal audit says. The IRS has so far received more than 79 percent of ...more »

TIGTA Recommends Tighter E-Filing Controls
Accounting TodayDecember 29, 2011

During the 2011 filing season, 90 percent of the 66.9 million individual federal income returns prepared by paid return preparers were e-filed. TIGTA's report was in response to the IRS's new e-file mandate that, grouped with other reforms, ...more »

Why Tax-Compliant Clients May Soon Find it Harder to Live Abroad
Financial-Planning.comDecember 29, 2011

Starting in 2013, “Americans living abroad are going to find it very hard to maintain assets abroad,” said H. David Rosenbloom, director of the International Tax Program at the New York University School of Law. “There are a lot of repercussions for ...more »

Trump's Tax Trump? You're Fired IRS!
ForbesDecember 29, 2011

After all, whether your taxes are great or small, even the mechanics of return preparation and compliance can be harrowing. Sure, software and computers make it easier than it used to be. We've embraced E-Filing And IRS Website, and where would Tim ...more »

AIG Provides Update on the Tax Treatment of Warrants Issued via Dividend on ...
MarketWatch (press release)December 29, 2011

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, any US tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the ...more »

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