IRS Volunteers Botch 49% Of Tax Return Filings: Report

Law360, New York (November 5, 2013, 1:24 PM EST) -- Anonymous visits by government auditors found 49 percent of tax returns prepared by Internal Revenue Service volunteers and contractors contain errors affecting the tax liability of military, low-income, elderly and disabled individuals, according to a Treasury Inspector General for Tax Administration, or TIGTA, report released Tuesday.

Anonymous TIGTA auditors found IRS volunteers and contractors applied tax law incorrectly and failed to elicit necessary information from taxpayers during the interview process in free IRS tax preparation centers across 10 states, including Texas, Pennsylvania, Florida and Massachusetts....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.