There once was a time when wealthy Americans with money stockpiled abroad in Swiss banks could sleep easily at night, knowing that their account details would be kept shielded from the prying eyes of United States Internal Revenue Service agents.That time has...
Millennials’ audit risk down, but is it close to nonexistent?
OK, the so-called Millennial demographic follows the Generation X crowd, which is on the heels of the baby boomers, which was preceded by …There is a reason for such references in a tax blog, and it connects to money. Namely, the older a generation is, the more...
Columnist: Author of tax controversy is president himself
There it is, prominently and unambiguously stated in Article I, Section 8 of the United States Constitution: The Congress shall have Power To lay and collect Taxes.As anyone who has even basic familiarity with the Constitution knows, the nation's preeminent legal...
The tax man cometh: the expanding global reach of the IRS
To some people, it might soon appear that the U.S. Internal Revenue Service is about to swallow the earth.The plenary powers that the agency brings to bear domestically are, of course, well known to American taxpayers, many of whom have found themselves on the...
A smaller percentage of audits, yes, but in the aggregate …
It's flatly unquestionable that a statistic can be adjudged a number of ways.Consider a figure from the world of tax audits, for example. On the one hand, the 0.57 percentage cited by the Internal Revenue Service as the audit rate for American businesses during fiscal...
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