News and Events

The Internal Revenue Service’s Criminal Investigation Division (IRS CI) recently released its Annual Report for 2020. Despite the impacts of the COVID-19 pandemic, IRS CI still had a very busy year. The Annual Report sheds light on some of the agency’s current priorities and initiatives, and it makes clear that IRS CI will be continuing to aggressively target taxpayers in 2021. Here US International Tax Advisors discusses some of the most notable data from the report.

In May 2021, the U.S. Treasury Department released its American Families Plan Tax Compliance Agenda (the “Agenda”). The Agenda includes numerous proposals, including several that would significantly enhance the IRS’ enforcement tools and resources in 2021 and beyond. Here US International Tax Advisors discusses some of the key proposals of which taxpayers should be aware.

Under a new Biden administration proposal, the IRS may be significantly increasing its efforts to target delinquent taxpayers in 2021 and beyond. The proposal seeks to raise approximately $700 billion in revenue over the next 10 years by closing the “tax gap,” and this will require the IRS to conduct significantly more audits in the decade to come. So, are you at risk of being audited? In this article, US International Tax Advisors discusses some of the most common triggers for IRS audits.

With 2021’s delayed federal tax deadline of May 17 fast approaching, the Internal Revenue Service (IRS) is warning U.S. taxpayers to be careful when preparing their annual returns. On April 20, the agency issued a News Release advising that taxpayers must, “[s]teer clear of typical tax return errors” in order to avoid unwanted scrutiny. Here, US International Tax Advisors shares his insights on what taxpayers should do to protect themselves.

After being slowed by the COVID-19 pandemic in 2020, the Internal Revenue Service’s Criminal Investigation Division (IRS CI) is aggressively targeting taxpayers in 2021. IRS CI announced well over 100 criminal investigations in March, and it is set to surpass this monthly total in April. This far exceeds the monthly totals from the same time period last year. As US International Tax Advisors, explains, IRS CI’s recent enforcement activity highlights some notable trends for U.S. taxpayers residing both domestically and abroad.