The Treasury Inspector General for Tax Administration’s “Semiannual Report to Congress: April 1, 2019 – September 30, 2019” notes that its Office of Audit completed 60 audits and its Office of Investigations completed almost 1,200 investigations in the second half of 2019. These efforts “have resulted in the recovery, protection and identification of monetary benefits totaling more than $26.6 billion,” the report said. The report also warns that the redesigned Form 1040 will “present future challenges for the IRS as it is expanded.” (Three of the six 1040 schedules that were new for tax year 2018 are obsolete for the 2020 filing season.) Read the report here: https://bit.ly/2rzIwSR Call today or visit our website for more information! www.mjscpa.com/
