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IRS SHOULD CREATE, ADOPT U.S. TAXPAYER BILL OF RIGHTS -WATCHDOG

{ on Friday, January 10, 2014 in Blog, Tax Planning & Consulting } U.S. TAXPAYER BILL OF RIGHTS By Patrick Temple-West, Kevin Drawbaugh and Amanda Kwan WASHINGTON (Reuters) – The U.S. Internal Revenue Service should take steps to restore public trust in its work, including adopting a taxpayer bill of rights that clearly states individuals’ rights to fair treatment from the tax agency, an IRS watchdog said on {…}

Electronic filing by U.S. taxpayers hits new high -IRS

{ on Thursday, December 5, 2013 in Blog, Tax Planning & Consulting } By Patrick Temple-West, Kevin Drawbaugh and Jim Loney WASHINGTON (Reuters) – A record-setting 122.5 million U.S. tax returns were filed electronically this year, up from 119.6 million last year, said the U.S. Internal Revenue Service on Wednesday. That level of e-filing accounted for almost 83 percent of total 2013 returns filed, the IRS said in {…}

Hand Over Tax Audit Information, Clock is Running -U.S. IRS

{ on Monday, November 25, 2013 in Blog, Tax Planning & Consulting } By Patrick Temple-West WASHINGTON (Reuters) – The U.S. Internal Revenue Service audit, already a feared ordeal, will get even sharper teeth in January when the IRS will start setting strict deadlines for delivery of information it wants from companies and wealthy people it is auditing. No such deadlines now exist. So taxpayers can put off {…}