Entries by Jeff

IRS Criminal Investigation Division Releases Its Top Cases Of 2021

On January 3, 2022 the Internal Revenue Service Criminal Investigation (IRS-CI) began listing he top 10 cases for calendar year 2021 on its Twitter account which are considered to me the agency’s most prominent and high-profile investigations of 2021. IRS-CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics […]

2021 Tax Filing Season – What High Income Taxpayers Should Know About Filing Late Tax Returns

Every year, about 9 million taxpayers miss tax deadline or fail to file their tax returns according to data from the Internal Revenue Service. How To Handle Late Tax Returns? The Treasury Inspector General for Tax Administration on May 29, 2020 issued a report finding that about 880,000 high-income nonfilers in tax years 2014 through 2016 had an estimated […]

California Putting Pressure On Delinquent Taxpayers To Pay

Don’t think that you can avoid California tax enforcement action just because we are in a pandemic.  California is unique in the structure of its tax system. Most States operate under a single tax agency. The Federal government uses a single tax agency called the IRS. But California has three tax agencies! They are the […]

IRS Expands Its Wave Of Tax Relief To Victims Of Hurricane Ida

Hurricane Ida tax relief extended to February 15, 2022 for part or all of six qualifying states. The IRS announced on December 22, 2021 that victims of Hurricane Ida in six states now have until February 15, 2022, extended from January 3, 2022, to file various individual and business tax returns and make tax payments. […]

IRS Provides Expanded Tax Relief For Victims Of December 2021 Tornados

The IRS announced on December 20, 2021 that victims of this month’s tornados in parts of Illinois and Tennessee now have until May 16, 2022 to file various individual and business tax returns and make tax payments.  This follows the announcement on December 14, 2021 that victims of the previous weekend’s tornados in Kentucky now […]

IRS Provides Tax Relief For Victims Of Kentucky Tornados

The IRS announced on December 14, 2021 that victims of last weekend’s tornados in Kentucky now have until May 16, 2022 to file various individual and business tax returns and make tax payments. IRS Tax Relief Details The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA), as […]

IRS Criminal Investigation Division Releases Its 2021 Annual Report

On November 18, 2021 the IRS released the Criminal Investigation Division’s (CI) annual report, highlighting significant successes and criminal enforcement actions taken in fiscal year ending September 30, 2021.  The IRS noted that a key achievement was the identification of over $10 billion in tax fraud and other financial crimes. In issuing this report IRS Commissioner Chuck […]

IRS Expands Its Wave Of Tax Relief To More Victims Of Hurricane Ida

All of Mississippi now qualifies for expanded Hurricane Ida relief. Following the recent decision by the Federal Emergency Management Agency (FEMA) to add 63 counties to its October 22, 2021 disaster declaration, the IRS announced on November 17, 2021 that it is offering this expanded relief to these newly-designated localities, as well as the 19 counties listed […]