Tax Audits: Incredibly scary to a taxpayer, the bread and butter of tax lawyers. I am not ashamed to say it, audits are good for business, my business. However the recently announced estimate by IRS Commissioner John Koskinen of 1 Million audits for this year, is not...
Tax Audits
IRS FLEXES ITS MUSCLES WITH IDES
The IRS flexed more of its global dominance today, announcing the opening of the International Data Exchange Service, or IDES. Financial institutions worldwide will now utilize this system to send information reports on their US clients as per the FATCA agreements....