Snitches. It is a word that brings back memories of plot lines from popular mobster movies like The Godfather or the mega-hit HBO show The Sopranos. There are many names for those who provide information to another party in exchange for gain or immunity. The term “snitch” has a more negative connotation, other, less sinister monikers for those who take on this role include whistleblowers or informers.
How does the IRS build allegations of tax fraud?
FBI and IRS Raid Mayor's Home Amid Bookgate Scandal
On April 25, 2019, FBI and IRS agents executed search warrants and raided Baltimore Mayor Pugh's home, City Hall, the apartment of a Pugh aide, and the Maryland Center for Adult Training amid the Baltimore "Bookgate" corruption scandal. The raid is the first public display of federal law involvement. Soon after the raid, Maryland Governor Hogan called on Mayor Pugh to resign from office.
War and income taxes: How one thing led to the other
The time, World War II. Although not the first time the United States government attempted to implement an income tax, this was the time it stuck.
Last minute tax tips for Tax Day
It is finally here — today is Tax Day. Some of us have filed our returns while others are scrambling. For those of us rushing to get their returns in order, the following can help:
Tax Day may mean double duty if you have foreign assets
The Internal Revenue Service (IRS) recently reminded taxpayers that even those living abroad likely need to file paperwork this tax season. In some cases, the government may require taxpayers file additional paperwork.
Three facts about the IRS refund process
The Internal Revenue Service (IRS) is working through tax filings and anticipates many more as the April 15 tax deadline quickly approaches. The agency recently released a publication aimed at dispelling many myths about tax refunds that are getting circulated through social media platforms.
Are increased tax burdens leading citizens to leave the U.S.?
The United States Government Accountability Office (GAO) recently released a bulletin calling on the Internal Revenue Service (IRS), Congress and other government agencies to make changes to better address foreign asset reporting. The bulletin notes approvals of renunciations of United States citizenship have increased from 1,601 to 4,449 from 2011 to 2016. The agency suspects the increase in renunciations is the result of difficulties with reporting of foreign assets.
