IRS secures a court order to obtain U.S. taxpayer info from Panama-based firms

In what one U.S. official was quoted as saying was evidence of the government's "commitment" to go after American taxpayers who used "offshore service providers to avoid U.S. taxes," the U.S. Justice Department on Thursday announced that it had authorized the IRS to issue summonses that would require "multiple couriers and financial institutions" to produce information about U.S. taxpayers" who were believed to have used a firm known as Panama Offshore Legal Services, "and its associates," to evade U.S. income taxes.

  • News

As Republicans complain, IRS says it's looking into leak of data behind ProPublica article

While news websites and newspapers continue to review, analyze and publish opinions based on ProPublica's recent and comprehensive research report on the relatively insignificant income taxes certain of Americas wealthiest Americans have been found to be paying, Republican politicians in Washington are, in their own words, "demanding answers," even as IRS commissioner Charles Rettig has assured them and others that the matter is being thoroughly investigated. 

  • News

Most expat Americans ineligible for expanded Child Tax Credit amounts: IRS

American expatriates with children under the age of 17 "generally won't" be eligible to receive the expanded monthly Child Tax Credit payment amounts about to begin being provided under the Biden Administration's so-called American Rescue Plan, although they should be able to continue to receive the amount that has been available to them until now under the program, a spokesperson for the Internal Revenue Service has said.  

Bright!Tax's Allyson Lindsey: What, if anything, can be done about those IRS delays, late refunds, unanswered calls...

It's hardly a secret at this point that 2021 has been a bit of a struggle for the IRS. As we've been told, the reasons include – as with just about every government agency (and company) around the world – the pandemic, as well as, in the IRS's case, the need to distribute two new rounds of stimulus checks to millions of U.S. taxpayers around the world at short notice.

Subscribe to this RSS feed

Opinion

AARO's Atkinson: 'Let's take advantage of this rare outreach by a member of Congress'

AARO's Atkinson: 'Let's take advantage of this rare outreach by a member of Congress'

This coming Monday, Carolyn Maloney, a New York City member of the House of Representatives who is co-founder and chair of the House's Americans Abroad Caucus, will be hosting an...

Sep-16-2021