IRS Lien Notices Known to Get to the Wrong Addresses
The IRS sent tax lien notices to the wrong addresses for taxpayers even though the agency had the correct addresses in its system, according to a July report by the U.S. Treasury Inspector General for Tax Administration (TIGTA). Though the agency re-sent the notices, the incorrect mailings were potentially illegal because the IRS is required by statute to notify taxpayers at their last known address within five days of filing Form 668(Y)(c), Notice of Federal Tax Lien. IRS…
Chronicling the Latest IRS Scandals
During his most recent televised rant, Bill O’Reilly said a huge scandal can potentially explode within the Justice Department. He added that many Americans are confident that the intervention was in during investigations into the IRS’ targeting of republican groups and Hillary Clinton’s private email server. O’Reilly noted that former IRS employee Lois Herner was never held legally accountable for allegedly making right-wing groups his target for thorough audits, and Attorney General Eric Holder is told to refuse to…
Film industry taxation in California
California is known for giving tax incentives for the biggest film and television projects, the production process of which takes place in the state. The first film tax credit program was introduced in 2009 and provided almost a billion ($100 million per year over eight years) in tax breaks and credits to selected feature films and television companies. In 2014, the Legislature drafted and adopted a new film tax credit program that improved the ratio to reach the…
