Jan 14, 2010
Doug Shulman, US Internal Revenue Services (IRS) Commissioner, has admitted that he uses a tax consultant to prepare his annual tax returns, as he finds the tax system too complicated.
In a television interview on January 10th Doug Shulman stated that he has used a tax consultant to prepare his tax returns for the last ten [...]
Doug Shulman, US Internal Revenue Services (IRS) Commissioner, has admitted that he uses a tax consultant to prepare his annual tax returns, as he finds the tax system too complicated.
In a television interview on January 10th Doug Shulman stated that he has used a tax consultant to prepare his tax returns for the last ten years. The Commissioner continued on to say that both he and President Obama are large proponents of simplifying the US tax code. Although when pressed further ... Read More
Nov 18, 2009
The US Internal Revenue Services (IRS) has announced that their voluntary tax disclosure program has resulted in over 14,700 submissions.
It was revealed on November 17th by Doug Shulman, IRS Commissioner, that the US tax disclosure leniency program has been met with “unprecedented success”. Describing the achievement he said, “To put it simply, this is [...]
The US Internal Revenue Services (IRS) has announced that their voluntary tax disclosure program has resulted in over 14,700 submissions.
It was revealed on November 17th by Doug Shulman, IRS Commissioner, that the US tax disclosure leniency program has been met with "unprecedented success". Describing the achievement he said, "To put it simply, this is a historic milestone for the nation's hardworking taxpayers".
In the wake of the US Department of Justice's (DOJ) legal action against Swiss bank UBS, the leniency program has ... Read More
Oct 28, 2009
Dough Shulman, US Internal Revenue Service (IRS) Commissioner, has revealed that the department has initiated a new audit program aimed at catching high-wealth tax cheats.
Speaking at a conference for the American Institute of Certified Public Accountants (AICPA) on the 26th of October, in Washington DC, Doug Shulman announced the creation of the Global High Wealth [...]
Dough Shulman, US Internal Revenue Service (IRS) Commissioner, has revealed that the department has initiated a new audit program aimed at catching high-wealth tax cheats.
Speaking at a conference for the American Institute of Certified Public Accountants (AICPA) on the 26th of October, in Washington DC, Doug Shulman announced the creation of the Global High Wealth Industry Group (GHWIG). According to the IRS Commissioner, the unit will conduct “a small number” of audits on individuals with assets “in the neighborhood of $30 ... Read More
Oct 15, 2009
According to the US Internal Revenue Service (IRS), 7,500 offshore account holders have revealed their details in exchange for leniency on their subsequent judgment.
In an effort to curb tax evasion and retrieve tax liabilities avoided through offshore accounts, the IRS is offering a tax amnesty program which sees lower penalties and prosecution avoidance for those [...]
According to the US Internal Revenue Service (IRS), 7,500 offshore account holders have revealed their details in exchange for leniency on their subsequent judgment.
In an effort to curb tax evasion and retrieve tax liabilities avoided through offshore accounts, the IRS is offering a tax amnesty program which sees lower penalties and prosecution avoidance for those harboring money overseas. The program which requires submissions to be made by 5pm on October 15th, has now received over 7,500 applications. According to IRS statements, ... Read More
