Senate Hearings and Department of Justice/IRS Actions Likely to Drive up Reports of Foreign Banks and Financial Accounts (FBAR)

43,000 Taxpayers have disclosed their offshore accounts to IRS as Senate wants numbers to rise. Direct Tax Relief (DTR) assists clients with FBAR requirements On February 26, 2014 the Senate Permanent Subcommittee on Investigations held a hearing on “Offshore Tax Evasion: The Effort to Collect Unpaid Taxes on Billions in Hidden Offshore Accounts” (The Permanent […]

IRS Criminal Investigation Issues Annual Report: 18% Gain in Prosecutions and Convictions Rose More Than 25% Compared to the Prior Year

Criminal Investigation recommended 4,364 cases for prosecution in 2013. Direct Tax Relief (DTR) assists clients to avoid mistakes that lead to criminal investigation and possible prosecution by giving them valid professional advice and guidance so they handle their taxes the correct legal way It was announced by the Internal Revenue Service on February 24, 2014 (IR-2014-18) that […]

IRS Releases the “Dirty Dozen” Tax Scams for 2014

IRS issues annual list of top twelve tax scams in time for tax season. Direct Tax Relief (DTR) assists clients with tax preparation for current and past tax years and corrected amended returns for victims of tax preparer scams. The Internal Revenue Service on February 19, 2014 issued its annual “Dirty Dozen” list of tax […]

National Taxpayer Advocate Issues Annual Report to Congress: Emphasis Needs to be Placed Taxpayer’s Rights

Report shows less than half of taxpayers know they have rights before the IRS. Direct Tax Relief (DTR) assists clients that have audits or balances due with the IRS and educate them on their taxpayer’s rights It was announced by the Internal Revenue Service (IR-2014-3, Jan. 9, 2014) that the National Taxpayer Advocate Nina Olson released her […]

IRS Increases Number of Audits by Over 12% Resulting in $38 Billion in Additional Tax Due From Taxpayers

The Internal Revenue Service’s Statement of IRS FY 2012 Fiscal Performance Results (Last revised and updated December 31, 2013) listed that the IRS increased examinations across all categories by more than 12% in Fiscal Year 2012 (October 1, 2011 through September 30, 2012). The Internal Revenue Service Data Book (Publication 55B issued March, 2013) for […]

IRS Continues Trend to 2014 in Increased Bank Levy & Wage Garnishment Actions

Direct Tax Relief (DTR) assists clients that have been issued wage and bank garnishments by the IRS that has tripled in the past 10 years and is expected to grow even more for 2014. The Internal Revenue Service Data Book (Publication 55B issued March, 2013) for Fiscal Year 2012 noted that for the fiscal year […]

Offer In Compromise Submissions To IRS Increase As Does Acceptance Rate

Direct Tax Relief (DTR) assists clients in settling their tax liabilities with Offer in Compromise Program The Internal Revenue Service Data Book (Publication 55B issued March, 2013) for Fiscal Year 2012 noted that for the fiscal year (October 1, 2011 through September 30, 2012) the number of offers submitted rose 8% from 59,000 in fiscal year […]

Available 24/7 Call now! (877) 505-4829

     

    Free Consultation

     

    Verification

    >

    Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List iconGet Tax Updates
    For Email Newsletters you can trust