The tax community is currently embroiled in a heated debate over proposed IRS guidelines concerning timing provisions, the broad scope of individuals eligible to approve penalties and exemptions related to automated penalty calculations.
At the heart of the controversy lies Section 6751(b), which mandates that the immediate supervisor of a revenue agent must personally provide
CNN recently released a fascinating look at the computers the IRS uses in “IRS Says It’s Using Technology From JFK’s Time.” IRS Commissioner John Koskinen states that the IRS computer system is “like driving a Model T that now has a great GPS System and wonderful sound system.”
It is common knowledge that
It is big news right now that the US government is facing partial closure. The partisan politics in Washington are going to affect most Americans whether they expect it or not. My list of the tax implications to the shut down is: