‘Luxury’ living: Senate report finds IRS workers racked up huge travel tab – Fox News

Fox News

‘Luxury’ living: Senate report finds IRS workers racked up huge travel tab Fox News EXCLUSIVE: The IRS spent more than $1.4 million on long-term travel for just 27 employees in fiscal 2015, including on high-end car services and luxury apartment and hotel stays, a Senate report has found — with one lawmaker blasting “woefully … Hatch Report Details Wasteful Spending at IRS on Long-Term TravelUtah Policy all 3 news articles »

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New IRS Discharge of Estate Tax Lien Procedure – Law.com (subscription)

Law.com (subscription)

New IRS Discharge of Estate Tax Lien Procedure Law.com (subscription) A new Internal Revenue Service (IRS) procedure now adds a significant layer of complexity to a testator’s considerations when creating a new Will, and to the Executors’ considerations when deciding whether to sell real estate held by the decedent’s estate.

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IRS Releases Required Amendments List for Qualified Plans – PLANSPONSOR

IRS Releases Required Amendments List for Qualified Plans PLANSPONSOR In Notice 2016-80, the Internal Revenue Service (IRS) provides the Required Amendments List for 2016 (2016 RA List). In June, the IRS issues Revenue Procedure 2016-37, which eliminates, as of January 1, 2017, the five-year remedial amendment cycle … and more »

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‘Luxury’ living: Senate report finds IRS workers racked up huge travel tab – Fox News

Fox News

‘Luxury’ living: Senate report finds IRS workers racked up huge travel tab Fox News EXCLUSIVE: The IRS spent more than $1.4 million on long-term travel for just 27 employees in fiscal 2015, including on high-end car services and luxury apartment and hotel stays, a Senate report has found — with one lawmaker blasting “woefully …

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Clergy Coalition Asks Court to Reject Atheist Lawsuit Against IRS Housing Allowance – Christian Post

Christian Post

Clergy Coalition Asks Court to Reject Atheist Lawsuit Against IRS Housing Allowance Christian Post Tax return information for about 100,000 U.S. taxpayers was illegally accessed by cyber criminals over the past four months, U.S. IRS Commissioner John Koskinen said on Tuesday, the latest in a series of data thefts that have alarmed American consumers.

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Coinbase User Asks Federal Court to Stop IRS Bitcoin Subpoena – CoinDesk

Wall Street Journal (blog)

Coinbase User Asks Federal Court to Stop IRS Bitcoin Subpoena CoinDesk According to new filings dated 13th December, Los Angeles-based lawyer Jeffrey Berns has disputed the legitimacy of the IRS effort to obtain two years’ worth of user records. The IRS pursuit of a ‘John Doe’ summons, begun last month, was approved by US … Coinbase Customer Files Motion to Block IRS Acesss of Bitcoin Users’ InfoCryptoCoinsNews Coinbase Customer Challenges IRS ‘John Doe’ SummonsWall Street Journal (blog) all 3 news articles »

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Resignation not discussed in IRS chief’s meeting with transition – The Hill

The Hill

Resignation not discussed in IRS chief’s meeting with transition The Hill Many Republican lawmakers have been critical of Koskinen and have accused him of engaging in misconduct during congressional investigations into the IRS’s handling of Tea Party groups’ tax-exempt status. Earlier this month, the House Freedom Caucus … IRS’s Budget Likely ‘Miserable’ for 2017 and BeyondBloomberg BNA 2017 Income Tax Season: Delayed Refunds, Different Deadline and MorePatch.com IRS, Security Summit partners remind taxpayers to beware of phishing scamsFoothills Focus Emporia Gazette –La Crosse Tribune –The Henderson Daily News all 17 news articles »

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Coinbase Customer Files Motion to Block IRS Acesss of Bitcoin Users’ Info – CryptoCoinsNews

Coinbase Customer Files Motion to Block IRS Acesss of Bitcoin Users’ Info CryptoCoinsNews The IRS filed a civil petition on November 17, targeting transaction records of bitcoiners registered with the exchange between January 2013 and December 2015. On December 1, a federal judge approved the IRS summons demanding Coinbase to reveal … and more »

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IRS lowers 2017 mileage rate for using car during business – Dayton Business Journal

Dayton Business Journal

IRS lowers 2017 mileage rate for using car during business Dayton Business Journal People who use their car during the course of business will not be able to deduct as much when it comes time to file taxes. The Internal Revenue Service has lowered the standard mileage rate for 2017 business travel to 53.5 cents a mile from 54 cents a … and more »

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Foolproof Foundations: How To Stay On The Right Side Of The IRS – Forbes

Foolproof Foundations: How To Stay On The Right Side Of The IRS Forbes One safe option is 15-year-old Foundation Source in Fairfield, Connecticut, which administers 1,300 of the nation’s estimated 82,000 private foundations. It charges $6,000 for setup, including the IRS and state applications. Yearly administrative … and more »

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Breaking: Coinbase Files Motion to Block IRS Acesss of Bitcoin Users’ Info – CryptoCoinsNews

Breaking: Coinbase Files Motion to Block IRS Acesss of Bitcoin Users’ Info CryptoCoinsNews In an expected development, bitcoin exchange Coinbase has filed a motion [PDF] in a San Francisco federal court to block the Internal Revenue Service from accessing transaction records of bitcoin users. The IRS filed a civil petition on November 17, …

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Don’t Race Through IRS Restructuring, Agency Chief Says – Bloomberg BNA

Don’t Race Through IRS Restructuring, Agency Chief Says Bloomberg BNA The IRS would be broken up into three “units,” according to a GOP proposal released in June. But the document—meant to serve as a marker of priorities—ignores critical agency areas such as criminal investigation, tax-exempt entities and the National … and more »

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IRS’s Budget Likely ‘Miserable’ for 2017 and Beyond – Bloomberg BNA

IRS’s Budget Likely ‘Miserable’ for 2017 and Beyond Bloomberg BNA The agency’s mandated belt-tightening has impacted its enforcement, hiring and day-to-day operations—and even in the unlikely scenario that the IRS receives a boost down the line, it would be too little, too late, practitioners that focus on Congress …

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Treasury/IRS Provide Early Holiday Present: Final “Issue Price” Regulations Released – The National Law Review

Treasury/IRS Provide Early Holiday Present: Final “Issue Price” Regulations Released The National Law Review After two sets of proposed regulations, Treasury and IRS have now released final regulations on the definition of “issue price” for purposes of arbitrage investment restrictions that apply to tax-advantaged bonds (the “Final Regulations”) and it … and more »

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IRS Releases Final Issue Price Regulations with Significant Changes – The National Law Review

IRS Releases Final Issue Price Regulations with Significant Changes The National Law Review On December 9, 2016, the Internal Revenue Service (the “IRS”) released final regulations regarding issue price for tax-exempt obligations (the “Final Regulations”) that will be effective for bonds sold on or after June 7, 2017. and more »

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