Twenty-five years ago, the IRS e-file system became operational nationwide. For the most part, it's been a secure system that protects taxpayers' information, but there have certainly been some bungles -- the latest being the subject of a lawsuit recently filed against the IRS and IRS Commissioner John A. Koskinen.
As we enter the fall election cycle, California and the rest of the nation is talking about the economy, employment and taxes. Recently the Treasury Department released information that affects all three of those contentious topics.
In an earlier post, our San Francisco Bay area readers learned about the Internal Revenue Service's increased efforts for compliance regarding earnings in foreign bank accounts. In light of that, why would federal prosecutors drop charges against a San Francisco man?