Tag: irs

Judge orders IRS to reveal if it criminally investigated Clinton Foundation, citing records ‘gap’

AU.S. Tax Court judge has ordered the Internal Revenue Service to reveal if it criminally investigated the Clinton Foundation, directing the agency to cure a mysterious “gap” in its records in the case.

Most of the proceedings in the case involving the Clinton Foundation and the whistleblowers Lawrence W. Doyle and John F. Moynihan have been sealed, but U.S. Tax Court Judge David Gustafson authorized the release of an April 22 ruling to Just the News this week.

In it, Gustafson remanded the case back to the IRS Whistleblower Office (WO), saying the agency’s claim there was no criminal investigation against the Clinton Foundation “was not supported by the administrative record and thus constituted an abuse of discretion.”

“The WO must further investigate to determine whether CI [criminal investigative division] proceeded with an investigation based on petitioners’ information and collected proceeds,” the judge ruled. “… It seems clear we should remand the case to the WO so that it can explore this gap.”

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IRS Plans a 50% Ramp-Up in Audits of Small Businesses Next Year

The Internal Revenue Service is planning to ramp up audits of smaller businesses and their investors by about 50% next year, following years of persistently low examination rates, an agency official said Tuesday.

The result could be a surge in audits of companies ranging from mom-and-pop retail stores and technology startups to investment funds that have historically faced only infrequent checks thanks to the time and effort required at the IRS.

“The IRS is focusing our efforts to increase compliance activity in this area of not only partnerships, but also investor returns related to pass-throughs,” De Lon Harris, the IRS deputy commissioner of examination for small businesses, said at an American Institute of Certified Public Accountants event. For 2021 “we are planning for 50% more than we had in the previous year.”

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