Moving to curb abuse of this year's one-time telephone excise tax refund program, the Justice Department and the Internal Revenue Service have obtained federal indictments against tax preparers who allegedly filed thousands of dollars in fraudulent refund claims. In recent weeks, alleged refund schemes involving preparers in Florida, Georgia, Texas and California have led to federal indictments. Shortly after tax season opened in January, the IRS observed problems with returns from some tax preparers that indicated possible criminal intent. Along with search warrants carried out by the IRS, tax preparers across the nation who prepared questionable refund requests received visits from IRS revenue agents and special agents. "We saw limited but serious instances of abuse," said IRS acting commissioner Kevin M. Brown. "We used our enforcement resources to move swiftly and decisively to protect this valuable refund for the vast majority of taxpayers and tax preparers who are requesting it properly."
-
The Public Company Accounting Oversight Board plans to host a series of five in-person forums this year, with different members of the board visiting cities including Chicago, Los Angeles, Denver, Miami and Jersey City.
1m ago -
The first class members of the AICPA and NASBA's pilot Experience, Learn & Earn program are completing their inaugural semester.
56m ago -
A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.
1h ago -
The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.
7h ago -
The Internal Revenue Service is extending tax relief on required minimum distributions from inherited retirement accounts not made in 2024 after providing similar relief in recent years.
April 16 -
Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans.
April 16