document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints The Internal Revenue Service is seeing a big increase this summer in automated phone calls from con artists pretending to work for the IRS calling innocent taxpayers demanding overdue taxes. John Koskinen The criminals leave urgent callback requests on voice mail telling taxpayers to call back to settle their “tax […]

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document.createElement(‘aside’); http://www.accountingtoday.com Mortgage interest deduction limit applies on per taxpayer basis Print Email Reprints A year ago, a divided Ninth Circuit reversed the Tax Court in Voss v. Commissioner, allowing two unmarried co-owners of real property to each claim a home mortgage interest deduction. Now, the IRS has acquiesced in the decision, giving a bonus […]

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(Bloomberg) A Swiss banker used a toothpaste tube a decade ago to smuggle diamonds into the U.S. Prosecutors now say an Israeli bank employee devised a new way to help a U.S. client hide assets from the Internal Revenue Service: She carried account statements into the country on a USB flash drive concealed in her […]

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document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints Singer and rapper Iggy Azalea is reportedly facing a second tax lien from the Internal Revenue Service for $269,980.20 in unpaid federal income taxes from 2015. Iggy Azalea The second tax lien, according to TMZ, follows on the heels of an earlier tax lien for $391,056.55 that the IRS filed […]

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