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Information provided on this site is for general guidance only and
is often simplified. Actual IRS procedures are complex, and taxpayers
should obtain professional assistance or use IRS sources for complete
information.
IRS Told To Improve FATCA Plans, by Leroy Baker, Tax-News.com, New York
Last updated 5 hours ago | Friday, May 18, 2012
The United States Government Accountability Office has disclosed that, as
the implementation of the Foreign Account Tax Compliance Act should provide
the Internal Revenue Service with a substantial amount of new information,
Congress has asked for a review of how it plans to manage that information. [ FULL
STORY ]
Congress Studies IRS's Treatment Of Charities, by Mike Godfrey, Tax-News.com, Washington
Last updated 4 hours ago | Friday, May 18, 2012
The Oversight Subcommittee of the House of Representatives Ways and Means
Committee has held a hearing on current issues related to United States tax-exempt
organizations, including the compliance initiatives of the Internal Revenue Service related, in particular, to recent efforts for tax-exempt organizations to
design and implement good governance standards. [ FULL
STORY ]
Boehner Warns Of Looming 'Fiscal Cliff', by Mike Godfrey, Tax-News.com, Washington
Last updated 7 hours ago | Friday, May 18, 2012
With the prospect of a further stand-off between the Democrat and Republican parties
later this year over the United States government statutory debt limit, House
of Representatives Speaker John Boehner has returned to his mantra
of spending cuts with no tax increases. [ FULL
STORY ]
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