Tax Policy Center

irs enforcement

Individual Taxes: TaxVox
The Treasury may be losing as much as $5 billion a year from fraudulent tax refund claims—and most of that fraud is entirely preventable. The New York Times reported yesterday about the rampant use of identity theft to exploit weaknesses in the IRS’s tax refund processes, sometimes resulting in
May 29, 2012Leonard E. Burman
Individual Taxes: TaxVox
Sellers of stocks and other assets have always had to calculate their cost basis (generally, what they paid for the investment) in order to figure their taxable capital gains. In the past, this was often a hit-or-miss experience that required lots of tedious research (occasionally with help from
May 1, 2012Steven M. Rosenthal