Vince Nardone was given the opportunity to speak at the Akron CPE Day hosted by the Ohio Society of CPAs on Monday, June 20, 2016. His presentation, titled “IRS Enforcement Activities” covered topics such as: IRS enforcement and funding cuts, collection and examination statistics, employment tax initiative and fraud, criminal tax enforcement, voluntary disclosure programs, and IRS audit plans.
Mr. Nardone explained the roles of IRS Revenue Agents and IRS Revenue Officers throughout IRS collection initiatives, including: levies, seizures, fraud and trust fund investigations, suits for injunctive relief, and criminal referrals. It is important to note that 93% of all revenue that the United States brings in comes from the Internal Revenue Service and the enforcement initiatives carried out through IRS audits and examinations. Thus, when we discover that there has been $900 million in IRS budget cuts since 2010, it is important to understand what this means for the U.S. taxpayers.
We are extremely thankful for the continued relationship with the Ohio Society of CPAs and we are looking forward to the Northeast Ohio CPE Day and the MEGA Tax Conference, both being held in December of 2016.