IRS Focus On Offshore Tax Non-Compliance

The Internal Revenue Service (IRS) has been ineffective in its collection of unpaid taxes from international U.S. taxpayers, according to a report published on September 30 by the Treasury Inspector General for Tax Administration (TIGTA). The report is the result of an audit conducted by TIGTA into the current effectiveness of the IRS’s efforts at stopping offshore tax non-compliance, and it found several significant procedural and management flaws in IRS procedure. In the report, TIGTA points t...