July 17, 2018

IRS

Trump’s Supreme Court Pick Wrote Majority Opinion in Loving v. IRS

As Politico tax reporter Bernie Becker pointed out today, federal appeals court judge Brett Kavanaugh, who President Trump nominated to replace the retiring Justice Anthony Kennedy on the U.S. Supreme Court, wrote the majority opinion in Loving v. IRS that the tax agency does not have the legal authority to regulate tax return preparers in […]

IRS Commissioner Nominee Pledges He Will Work for All Taxpayers (Not Just Donald Trump)

Charles Rettig, the Beverly Hills, Calif., tax attorney who was nominated by President Trump to head the IRS and who once wrote that Trump’s lawyers should not advise him to release his tax returns, told senators on June 28 that he would work on behalf of the average Joe taxpayer, not just the rich. The […]

Religious Groups Think New Tax On Churches Is Blasphemous

Religious groups are starting to catch wind of a new tax quietly imposed by Republicans on churches and synagogues—and they are pissed. Yes, you read that correctly: a new tax imposed on churches. Politico reports: [Republicans’] recent tax-code rewrite requires churches, hospitals, colleges, orchestras and other historically tax-exempt organizations to begin paying a 21 percent […]

Man Who Would Have Unenviable Task of Overseeing Implementation of New Tax Law Changes at IRS Will Have Confirmation Hearing This Week

That man is Beverly Hills, Calif., tax attorney and member of the Academy of Magical Arts, Charles “Chuck” Rettig. The Hill reported last Friday that the Senate Finance Committee will hold a hearing scheduled for June 28 to consider Rettig’s nomination to be the next IRS commissioner. Rettig was nominated by President Trump earlier this […]

The IRS Has the Mother of All Nightmare Legacy Systems

Legacy systems are awful — so awful it’s the first thing I wrote about on Going Concern. To refresh your memory, legacy systems are obsolete software/hardware with so much technological baggage that they make you want to run away screaming, but you can’t for one reason or another. The most significant reason, unfortunately, is that […]

IRS Scammers Coming Right at YOU, Tax Professionals

We've talked before about how unlikely it would be for an accountant to fall for the ol' "This is the IRS and you're about to be arrested unless you pay your overdue taxes" phone trick, but it seems that some enterprising up-and-comer at IRS Scams, Inc. realized that a few tax professionals would download a […]

Some IRS Scammers Trying the Good Cop Routine Now

Figuring they can catch more flies with honey than with vinegar, a few IRS crank yankers have switched up their MO: Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, but now the IRS is receiving new reports of scammers calling under the guise of verifying tax return […]

IRS Scammers Making Sure We Get the Point

As if the phone calls weren't enough, these clowns seem to be entering the "operation blitzspam" stage of their plan: The IRS said it has seen an increase in reported phishing and malware schemes, including 1,026 incidents reported in January, up from 254 from a year earlier. The trend continued in February, nearly doubling the […]

Would an Accountant Ever Fall for a Phony IRS Call?

A couple of years ago, Sam Antar shared a recording of his conversation with a fake IRS agent with us. The poor dope on the other end of the line didn't know what hit him. What's been quite amazing is that the calls from fake IRS agents seems to be getting worse since the agency […]

IRS Having One of Those Days

Richard Rubin reports that a "hardware failure" at the IRS has affected several systems and that Ted Cruz's favorite agency is "temporarily unable to process electronically filed tax returns." At least some of the older tax partners out there are enjoying this moment. [WSJ]