TIGTA reports: an interim report on the 2022 filing season; and 'strategy needed' to grow electronic filing of biz returns

The U.S. Treasury Inspector General for Tax Administration (TIGTA) this month has published two reports that consider differing aspects of the Internal Revenue Service's recent performance – and has arrived at many of the same conclusions that the National Taxpayer Advocate, Erin M. Collins, did, in her annual report to Congress back in January, on what the IRS needs to do to improve its efficacy. 

  • Tax

U.S. TIGTA report finds 'actions needed' to fix FATCA compliance

A major report detailing what are said to be the compliance shortcomings of the Foreign Account Tax Compliance Act, just made public within the past 24 hours by the U.S. Treasury Inspector General for Tax Administration, has sparked interest and concern among FATCA-watchers around the world, including American expatriates and the tax experts, lawyers and political advocates who represent them.

  • News

Isaac Brock's Kish unearths U.S. Treasury report calling for 'more enforcement' of citizenship expatriation tax compliance

 A U.S. Treasury report calling for "more enforcement and a centralized compliance effort" to deal with the large numbers of American citizens who are currently expatriating every year, to ensure that they're all paying the required amount of exit tax as they leave, has been discovered its contents made public by contributors to the Canadian advocacy website for dual Canadian/American citizens, the Isaac Brock Society.

  • Tax

U.S. officials warn of possible CARES Act payments frauds

A U.S. federal office that oversees government funding measures has warned U.S. taxpayers to "be on the look-out for fraudulent activity" in connection with the so-called CARES Act Economic Impact Payments that are due to be going out to Americans around the world over the coming days and weeks.

  • News
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Opinion

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...

Jul-30-2022