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The IRS in February began sharing with tax authorities in 45 states, the District of Columbia and New York City information on more than 20,000 taxpayers engaged in abusive practices (www.irs.gov/newsroom/article/0,,id=120343,00.html).


* The IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws.  in February began sharing with tax authorities in 45 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States).  and New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 information on more than 20,000 taxpayers engaged in abusive Tending to deceive; practicing abuse; prone to ill-treat by coarse, insulting words or harmful acts. Using ill treatment; injurious, improper, hurtful, offensive, reproachful.  practices (www.irs.gov/newsroom/article/0,,id=120343,00.html). By doing so the service continued a program begun in September 2003 under which the IRS and the states pool their resources to target abusive tax-avoidance transactions (www.irs.gov/newsroom/article/0,,id= 112866,00.html). The shared data concern scams involving--among other things--offshore transactions, abusive trusts, employee leasing, home-based businesses and employment taxes.
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Title Annotation:Tax Notes
Publication:Journal of Accountancy
Date:Apr 1, 2004
Words:96
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