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 {}