So you’ve got some dough, and a web of entities for business and family reasons.  Get ready to hear from Uncle Sam, says IRS Commissioner Shulman.
            “Many high wealth individuals make use of sophisticated financial, business, and investment arrangements with complicated legal structures and tax consequences.  Many of these arrangements are above board.  Others mask [...]

Seems IRS Commish Shulman is looking toward a “one world” philosophy when it comes to the next era of tax audits.  In a recent speech before the Organization for Economic Cooperation and Development, Shulman said plans are being made for joint country audits of multinational corporations.  And with all of the recent attention to individuals’ [...]

            Not to be outdone by all of the other greenies ever present these days, and in celebration of Earth Day, no doubt, the Revenooers have issued their “broad new initiative” to encourage even more electronic transactions.
            “Treasury must lead the way in developing methods to deliver payments that are safe and secure in a [...]

               Despite all of the bad tax karma which is undoubtedly coming down the pike over the next couple of years, a small ray of sunshine does exist for 2010.
               Recall in the Clinton era along came a “haircut” to the pool of itemized deductions claimed by the higher income folk among us – the [...]

For the second year in a row, Gallup is reporting that just a little less than half of we and thee think our income tax burden is too much, too little, but juuust about right.
We wonder whether that’s the same half that pays nothing—recall that only about half of us actually pay the freight in [...]

February 11, 2009
            You heard it here first – the Revenooers are reinventing themselves.  According to a notice issued in January, IRS has “unveiled its first redesigned notices that are part of an on-going effort to improve the way it corresponds with taxpayers.”
             Quoth Commissioner Shulman, “One of my priorities is to ensure that we [...]

February 5, 2010
            Or perhaps better phrased in this technology laden world: ”Give us a GPS” tour through your tax return.
            That’s what the Revenooers want, in any case, when it comes to your annual income tax return, to the extent it may reflect transactions which carry with them a little “uncertainty.”

September 10, 2009
Put this in your pipe and smoke it:  the Revenooers could become the chief enforcement agency under the Obama-proposed health care regime!
            As noted in recent reportage by the Washington Examiner, if proposals now on the table eventually get enacted, the IRS would become the main agency for determining who has an “acceptable” [...]

TAXPAYER ADVOCATE CITES IRS FAILURES
            In her mid-year report to Congress on the comings and goings of the IRS for the last several months, Taxpayer Advocate Nina Olson chides the Revenooers for a bit of – shall we say – lackluster performance.
            The report notes that the IRS created a five-year strategic plan for taxpayer [...]