Many dark money groups that raise funds for political and social causes and don’t pay taxes aren’t notifying the Internal Revenue Service of their intent to operate as tax-exempt organizations under section 501(c)4 of the Tax Code and haven’t been penalized, according to a new report. | Many 501(c)4 tax-exempt groups aren’t notifying the IRS → | | By Michael Cohn 4 min read | | Many dark money groups that raise funds for political and social causes and don’t pay taxes aren’t notifying the Internal Revenue Service of their intent to operate as tax-exempt organizations under section 501(c)4 of the Tax Code and haven’t been penalized, according to a new report. | |
| IRS sets up online Gig Economy Tax Center → | | By Michael Cohn 2 min read | | The Internal Revenue Service debuted a new Gig Economy Tax Center on its IRS.gov website to help taxpayers who work with companies like Uber and Airbnb meet their tax obligations. | |
| Blockchain makes advances, but audit firms remain wary → | | By Michael Cohn 6 min read | | Accounting firms are beginning to wade into the use of blockchain technology for audits, but with caution as the technology spreads beyond the cryptocurrency space where it’s been used for digital assets like Bitcoin. | |
| Tax Fraud Blotter: Packin’ → | | By Jeff Stimpson 5 min read | | Bad news; ’tis the season; injunction schmunction; and other highlights of recent tax cases. | |
| U.S. seeks three months jail for IRS leaker of Cohen’s bank records → | | By Peter Blumberg 1 min read | | U.S. prosecutors recommended a three-month prison sentence for a former Internal Revenue Service analyst who pleaded guilty to illegally disclosing suspicious activity reports related to the private banking information of Michael Cohen, the former personal lawyer of President Donald Trump. | |
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