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Posts Tagged ‘TIGTA’

  • IRS Opens Online Registration for FATCA

    Wednesday 21st of August 2013 4:45:39 PM


    The IRS has officially opened the online registration for the Foreign Account Tax Compliance Act (FATCA).

    The system was designed for financial institutes that are required to register with the IRS to meet FATCA responsibilities.

    The application is a web based service with 24 hour accessibility.

    Starting in January 2014 the IRS expects all financial institutions to be registered with this application.

    For the full story you can visit

  • IRS Postpones Another Furlough Day

    Wednesday 14th of August 2013 9:48:48 AM


    The originally scheduled furlough day for August 30 has now been postponed, according to IRS officials.  The postponement is a direct result of the successful budget cuts that the IRS has implemented.

    There may be other furlough days, that will be decided after the IRS reviews their current budget situations before the end of the fiscal year on September 30.

    All IRS operations will in fact run as scheduled.  This includes both offices and toll free help lines.

    For more information on this matter and other IRS news please visit;-Will-Reevaluate-Need-for-Furlough-Day-in-September

  • ARRA Impact To IRS

    Monday 29th of October 2012 12:16:36 PM


    The contribution of funds coming from the American Recovery and Reinvestment Act of 2009 (ARRA) to support the spending of the Internal Revenue Service (IRS) for the contracts they made to reprogram their computer systems, update the tax related forms and publications, and to accommodate the taxpayers inquiries on the new tax provisions set by the recovery act by means of customer assistance is the focused of the audit report released by Treasury Inspector General for Tax Administration (TIGTA) recently.

    » Read More

  • Inconsistency within IRS in Closing Delinquent Accounts

    Wednesday 24th of October 2012 6:01:30 PM


    In the report of Treasury Inspector General for Tax Administration (TIGTA), some IRS employees are found not complying properly with the procedures of closing the accounts of delinquent taxpayers including the asking for manager approval.

    TIGTA identified in their audit with the IRS that 136 currently not collectible cases were encoded incorrectly in the database. There are closing codes in the IRS database that did not match with the case documentation.

    IRS said that they will look thoroughly about this matter and will plan for remedial action. They also agreed with the recommendations of the TIGTA. One of the recommendations is to implement security reviews and reports containing an evaluation to the assistor’s use of system command codes.

    source: Treasury Inspector General for Tax Administration


  • You Can Count On TIGTA

    Monday 22nd of October 2012 4:49:37 PM


    Last week, TIGTA announced that the IRS failed to inform an approximately 1.45 million taxpayers that they can qualify for IRS tax relief in particular those who acquired a penalty that is closed to 181 million US dollars. However, wavers for paying tax penalties called First-Time Abate waver can only be obtained by a taxpayer who had demonstrated full compliance in the past 3 years.

    TIGTA and IRS met half way when they agreed with TIGTA’s recommendation of identifying the First-Time Abate waiver as compliance tool so that the taxpayers will be fully aware that there is a relief given by the IRS to those who have good past compliance history.

    Once again TIGTA proved their worth and concern for all US taxpayers. And so when there is a need to know about the IRS latest activities, seek for TIGTA latest information by visiting their official website. You can also go further in your research on today’s important tax news and useful tax tips by visiting this official blog of


  • Directive 144 to Control Identity Tax Refund Fraud

    Monday 01st of October 2012 9:11:42 AM


    Justice Department’s Tax Division and the US Attorneys’ Offices are working together to control the spread of Identity Tax Refund Fraud which already hurt a lot of US taxpayers today.  With the result of audit done early this year by TIGTA, identity theft crimes appeared to be the most frequent consumer complaint, despite the expanded efforts of IRS in detecting and preventing it.

    » Read More

  • TIGTA reviews the IRS Small Business/Self-Employed Division

    Friday 21st of September 2012 4:57:49 PM


    With the suggestion of the IRS, Treasury Inspector General for Tax Administration (TIGTA) initiated its review in the IRS telephone handling process particularly the progress made by the SB/SE Division in using the ICMS.

    Intelligent Contact Management System (ICMS) is the new telephone system that the Small Business/Self-Employed (SB/SE) Division integrates into their correspondence audit process, thus making the call experiences of taxpayers a lot more manageable and responsive.

    TIGTA releases their recommendations with the IRS on how SB/SE Division can best utilize the capacity of ICMS. Points of recommendations were focused mainly in the call handling procedures of examiners like doing return calls etc.