IRS Update: The Trouble with High Income Nonfilers and Dealing with Unemployment Fraud
On June 16th, I was interviewed by Jerrod Oltmann, an enrolled agent, about what is going on at the IRS regarding high income non-filers. We also talked about how taxpayers can avoid trouble if they are a victim of unemployment fraud. You can listen to the audio by clicking on the run button on the audio box above.
Jerrod Oltmann handles tax controversy work like I do and I enjoyed talking with him about these two subjects. In our first segment, we discussed the TIGTA report (the Treasury Inspector General) which “scolds” the IRS for not doing more to pursue high-income non-filers. We go through the numbers and then discuss how this may change the IRS’ priorities in the years to come. It is estimated that billions (with a capital B) are uncollected taxpayers who earn $100k or more.
You can read the damning report for yourself at: https://www.treasury.gov/tigta/auditreports/2020reports/202030015fr.pdf
In our second segment, we talked about how to protect yourself if you are a victim of unemployment fraud. You can read more about it here: https://bangordailynews.com/2020/06/11/business/maine-canceled-nearly-as-many-fraudulent-unemployment-claims-as-it-received-last-week/
If you do find yourself a victim of such fraud, you can report that to your state department of labor. In Maine, the link is: https://www.maine.gov/unemployment/fraud/
Finally, you can find Jerrod’s bio at: https://www.jpoea.com/about/
I am Maine’s IRS Problem Solver. My firm helps Maine taxpayers in trouble. If you or someone you know in Southern Maine wants more information on how to resolve your IRS tax problems, please feel free to contact me directly at 207-502-7181 or by filing out my contact form. A Maine tax attorney can help you consider your options.
James D. Wade, Esq.
Law Office of James D. Wade
57 Portland Road, Unit 3
Kennebunk, ME 04043