Troubles with the IRS’s Implementation of FATCA

The National Taxpayer Advocate’s Objectives Report to Congress for Fiscal Year 2016 contained the Taxpayer Advocate’s eleven areas of focus for 2016. Statement Area of Focus #4, The IRS’s Implementation of FATCA Has in Some Cases Imposed Unnecessary...

IRSAC 2015 Annual Report released

The 2015 annual report was presented to the IRS Commissioner yesterday. The report consists of four sections: 1. General report, addressing the following: Issue one: The IRS needs sufficient funding to operate efficiently and effectively, provide timely and useful...

Information Reporting Program Advisory Committee Annual Report 2015

The Information Reporting Program Advisory Committee (IRPAC) is required to furnish an annual report to the Commissioner of the IRS. The 132-page 2015 annual report released on 28 October 2015 consists of four subgroup reports. 1. General Encompassing identified areas...

National Taxpayer Advocate Annual Report

On the subject of taxpayer advocacy, the National Taxpayer Advocate delivered it’s annual report to Congress last week. Which actually turns out to be quite an eye-opener for a number of reasons. The report’s number one recommendation was the need for tax...