Financial Regulatory Forum

Companies to disclose iffy tax estimates – IRS

By Reuters Staff
January 27, 2010

By Kim Dixon

WASHINGTON, Jan 26 (Reuters) – U.S. tax authorities will soon demand that corporations reveal much more detailed financial information about tax shelters and other complex structures when they file their income taxes, the top U.S. tax official said on Tuesday.

EXCLUSIVE – U.S. revenue service hires “hundreds” for high-wealth tax cheat unit

By Reuters Staff
December 12, 2009

By Kim Dixon

WASHINGTON, Dec 11 (Reuters) – A new U.S. Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees.