02/18/2014
The Treasury Inspector General for Tax Administration has reported that during the 2011 tax year, 285,670 EINs were stolen or fraudulently used to claim income tax refunds totaling more than $2.25 billion. TIGTA also estimated that the IRS could issue $11.4 billion in tax refunds over the next five years due to EIN fraud.
02/17/2014
The IRS has been busy adding to its regulatory agenda. Here’s the latest news from the regulations front.