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This is a US Bulletin which points out how the US IRS and state tax departments have started sharing more information. It also points out their search for Offshore Credit Card abuse. In case you missed it, that means Canadian Credit cards although they are really aiming at those issued in the Bahamas and Grand Caymans and other offshore tax shelter countries. Under the definition, CANADA IS OFFFSHORE
IRS and State Partnership Moves Forward to Improve Compliance and Service
IR-2004-77, June 7, 2004
WASHINGTON -- The Internal Revenue Service announced today it has seen
promising early results from a partnership with the states to target
abusive tax avoidance schemes.
So far, the IRS and states have uncovered tens of millions of dollars in
previously unidentified abusive transactions during the early stages of
the program.
"We are pleased with the initial progress on this partnership," said IRS
Commissioner Mark W. Everson. "Weve already shared 28,000 leads with the
states. We re going to build on this effort to pursue cheaters and expand
the program to attack money laundering."
Everson made the announcement in an appearance Monday before the
Federation of Tax Administrators (FTA). The group of state tax officials
met in Providence, R.I.
Starting in September, the IRS, 48 states and the City of New York and the
District of Columbia launched the Abusive Tax Avoidance Transaction (ATAT)
partnership. Since then, more than 28,000 leads of those participating in
such transactions have been shared between the state and federal
government. In the months ahead, the IRS will work to assess and collect
tax liabilities associated with the project.
"We value this partnership," said Harley Duncan, executive director of the
Federation of Tax Administrators, which represents tax agencies in 50
states, the District of Columbia and New York City. "Working together is
often the most efficient way to enforce tax laws, and it is frequently the
best way to help honest taxpayers deal with their multiple
responsibilities."
Everson said the IRS and states are exploring new ways to extend
cooperation with state tax administrators to reduce duplication, improve
taxpayer service and intensify the fight against non-compliance with the
state and federal tax systems. Tax administrators are looking into joint
efforts to identify non-filers, detect the abusive use of offshore payment
cards, uncover money laundering and provide one-stop Internet service to
businesses and individuals seeking both state and federal employee
identification numbers (EIN) for their enterprises.
"When we began this partnership last year, both the IRS and state tax
administrators recognized that coordinating our casework and working in
tandem could improve compliance and assure the public that everyone is
paying their fair share," Everson said. "These new initiatives are the
natural extension of this cooperative effort. The public expects us to
continue focusing on ways to improve both compliance and service."
There are a variety of joint initiatives with the states underway or under
consideration, including:
1. State Income Tax Reverse Filing Match -- Under this initiative, the
IRS will match state income tax filing information against federal data to
identify discrepancies, including potential non-filers and those
underreporting income.
2. Fed/State Offshore Payment Card Matching Initiative -- Under this
program, the IRS is expanding use of state databases to assist in
identifying and locating taxpayers who have participated in off-shore
credit card abuse.
3. Title 31 Money Services Business Memorandum of Understanding (MOU) --
This agreement, in the final stages of preparation, will establish a
framework for the federal-state exchange of examination information that
will enhance compliance by money services. This initiative is the result
of the partnership efforts of the IRS, the Financial Crimes Enforcement
Network (FinCEN) and state regulatory agencies.
4. Federal State Internet Employee Identification Number (EIN) -- In this
burden reduction initiative, taxpayers will be able to obtain
simultaneously via the Internet an EIN from the IRS and a registration
number for sales tax and/or income tax from their home state. This
one-stop approach would reduce paperwork and save time.
In devising these initiatives, IRS and state officials have been careful
to ensure that procedures governing communication on more routine taxpayer
compliance efforts are unchanged. This maintains the important separation
of federal and state tax authority and the protection of taxpayer privacy.
* * * * * * * * * * * * * *
Thank you for subscribing to IRS Newswire.
If you have a specific concern about your tax account, call IRS CUSTOMER
SERVICE AT 1-800-829-1040.
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