Government Employment Tax Delinquencies Improved

The IRS has improved its coordination among offices to collect approximately $45 million in delinquent payroll taxes owed by federal government units, plus that owed by state and local governments, the Treasury Inspector General for Tax Administration reported. The report followed a 2002 TIGTA audit finding that more than 12,000 government entities at all levels were delinquent in reporting or paying employment taxes. TIGTA said then that the IRS Tax Exempt and Government Entities Division, which contains the Federal, State and Local Governments office, lacked an effective agreement with the Small Business/Self-Employed (SB/SE) Division, which is responsible for collecting delinquent employment taxes, including those of governmental entities. Since then, a working group between the divisions and special unit established by SB/SE to address federal government agencies has helped, TIGTA said. Still, TIGTA said, the IRS should take additional steps to identify and address reasons for the delinquencies, strengthen case controls and develop strategies for dealing with federal fiscal constraints upon paying prior-year debts from current-year appropriations.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.