IRS, TIGTA Talk Tech, Identity Theft & Security At Congressional Hearing

Internal Revenue Service (IRS) Commissioner John Koskinen was back on the Hill this week, together with J. Russell George, The Treasury Inspector General for Tax Administration (TIGTA), to testify before members of Congress. This time, both were asked about the unauthorized access to the “Get Transcript” application on the IRS web site. The hearing was … Read more

IRS Changes Position On Identity Theft, Will Provide Copies Of Returns To Victims

You have a right to know what thieves are doing with your information. That’s the surprising word out of the Internal Revenue Service (IRS) this week. In a clear change in policy, IRS has agreed to provide victims of identity theft with copies of the fraudulent tax returns filed using their personal and financial information. … Read more

IRS Issues Statement On Unauthorized Access Of Taxpayer Transcripts

The Internal Revenue Service has issued a statement regarding the unauthorized access of taxpayer information using the “Get Transcript” application. Follows is the statement in full: The IRS announced today that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through IRS’ “Get Transcript” application. … Read more

IRS Says Identity Thieves Accessed Tax Transcripts For More Than 100,000 Taxpayers

The Internal Revenue Service (IRS) announced today that identity thieves have illegally accessed tax information for more than 100,000 taxpayers with unsuccessful attempts made on approximately 100,000 additional taxpayer accounts. IRS Commissioner John Koskinen delivered the news at a hastily arranged press conference this afternoon. The urgency, he indicated, was to alert taxpayers to the … Read more

IRS Announces Tax Forums, CPE Credits For Tax Pros

Looking for Continuing Professional Education (CPE) credits? The Internal Revenue Service (IRS) has announced details of the 2015 IRS Nationwide Tax Forums. The forums last three days and over that time, there will be more than 40 seminars and workshops. Those seminars and workshops will provide up to 18 CPE credits for enrolled agents, certified … Read more

Fixing Your Mistakes: Filing An Amended Return

Tax Day was just over a month ago which, of course, means that my inbox is now filled with the inevitable panicked emails from taxpayers worried about mistakes. Missed forms 1099. Overlooked deductions. Social Security numbers that aren’t quite right. Here’s what you need to know: mistakes are totally fixable. There are two ways to … Read more

2015 Tax Rates, Standard Deductions, Personal Exemptions, Credit Amounts & More

With tax season firmly behind us (er, for those of you who didn’t file for extension), now is a good time to take a look at your current financial picture and check to see how it squares against the 2015 tax rates, adjustments and other tax items. If you aren’t expecting any significant changes, you … Read more

IRS Issues Statement On Discovery Of Lerner Emails

Yesterday, the Treasury Inspector General for Tax Administration (TIGTA) reported the discovery of more of those “missing” Lerner emails. Specifically, TIGTA indicated that it has discovered roughly 6,400 previously undisclosed emails related to Lerner. Of the the 6,400 newly found emails, a little more than 10% (650) are tied to 2010 and 2011: there remainder … Read more

Thousands More Of Those ‘Missing’ Lerner Emails Reportedly Found

The Treasury Inspector General for Tax Administration (TIGTA) has found more of those “missing” Lerner emails. TIGTA has reported that it has found roughly 6,400 previously undisclosed emails related to Lerner. Lois Lerner, the former Director of Exempt Organizations at Internal Revenue Service (IRS) has been a central figure in the bipartisan investigation into the … Read more