IRS on Verge of Catastrophic Breakdown

Category Archives: IRS

IRS on Verge of Catastrophic Breakdown

The National Taxpayer Advocate, Erin M. Collins, warned in a posting on her official blog (9/3/20) that the IRS desperately needs upgrades to its computer systems and infrastructure. “Tax administration is at risk, and the country and the IRS need … Continue reading

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What are the chances I’ll be audited by the IRS?

  If you make a lot of money, there is a good chance you’ll be audited sooner or later but not so much the case for the average taxpayer.  Audit risk is not something average taxpayers need to worry much … Continue reading

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Who audits the IRS?

Yes, of course, the IRS is audited.  That’s the job of the Treasury Inspector General for Tax Administration.  This is an office in the Department of the Treasury, not an individual person. We call them “TIGTA” for short. TIGTA puts … Continue reading

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Trading in Bitcoins brings IRS Scrutiny

The IRS is aware that bitcoins are being used to evade taxes. The IRS recently sent a summons requesting information to Coinbase, the largest US Bitcoin exchange. It asked for the records of all customers who bought bitcoins from them. … Continue reading

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Insidious New IRS Social Engineering Attack

There is an insidious new IRS scam doing the rounds. They send you a phony IRS CP 2000 form and claim the income reported on your tax return does not match the income reported by your employer. This is meant … Continue reading

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