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September 02, 2015 11:14 AM ET

Commercial Services and Supplies

Company Overview of Internal Revenue Service

Company Overview

Internal Revenue Service provides tax administration services to the American public. The agency collects taxes and enforces the tax laws. It provides tax information for Individuals, businesses, tax exempt and government entities (TE/GE), Government entities, tax professionals, retirement plans community, and tax exempt bond community. The agency also offers tax related information to taxpayers. Internal Revenue Service was formerly known as The Bureau of Internal Revenue. Internal Revenue Service was founded in 1862 and is headquartered in Washington, District Of Columbia.

1111 Constitution Avenue North West

Washington, DC 20224

United States

Founded in 1862





Key Executives for Internal Revenue Service

Age: 75
Chief Financial Officer
Compensation as of Fiscal Year 2015.

Internal Revenue Service Key Developments

McCuneWright, LLP Files Class Action Lawsuit against Internal Revenue Service for Data Breach, Theft of Personal Information of 330,000 Taxpayers

McCuneWright, LLP filed a class action complaint against the Internal Revenue Service for damages resulting from a cyber-breach of IRS systems and theft of identity and financial information of approximately 330,000 taxpayers earlier this year. Citing recommendations issued by the Treasury Inspector General for Tax Administration and testimony from a June hearing before the U.S. Senate Finance Committee, the complaint alleges that the theft of personal identification information was made possible due to the IRS ignoring known security deficits in its data storage system. It also states that the IRS generally knew that its systems would be a target for cyber-criminals" due to massive data breaches at major U.S. companies over the past several years; the IRS specifically knew its cyber-security measures were inadequate; the IRS deliberately and intentionally chose not to implement appropriate security to guard the taxpayer information; and the breach caused damage to the plaintiffs and putative class.

Altera Receives Favorable Opinion on Cost-Sharing Litigation with Internal Revenue Service

Altera Corporation announced that the United States Tax Court has issued a favorable opinion with respect to Altera's litigation with the Internal Revenue Service filed with the Court in 2012. The litigation relates to the treatment of stock-based compensation expense in an inter-company cost-sharing arrangement with Altera's wholly owned subsidiary, Altera International Inc., for fiscal years 2004 through 2007 among other issues. In its opinion issued on July 27, 2015, the Court accepted Altera's position and concluded that the company is not liable for any tax or interest associated with the cost-sharing issue. There are other outstanding issues that need to be resolved and other procedural formalities that need to be completed in this litigation before a decision is issued by the Court. Once the Court has issued a decision in the case, the IRS will have a 90-day period to appeal. If the decision stands as set out in the opinion and upon a final adjudication, Altera currently expects to record, based upon its preliminary estimates, an aggregate favorable impact of $40 to $50 million to net income for fiscal years 2004 through 2007 for the reversal of previously recorded reserves related to the stock-based compensation cost-sharing issue.

Internal Revenue Service Announces Board Appointments

The Internal Revenue Service announced the selection of eight new members to the Internal Revenue Service Advisory Council (IRSAC), which provides an organized public forum for IRS officials and representatives of the public to discuss key tax administration issues. IRSAC members generally serve a three-year term with a possible one-year extension. The eight new members will join 13 returning members in 2015. The new members are: Patricia Atwood is an accredited senior appraiser in the field of Personal Property and the owner of Timely Antique Appraisals, LLC, in Rockford, Ill. She currently serves on the Appraisal Standards Board of The Appraisal Foundation and teaches principles of valuation courses for the American Society of Appraisers (ASA). Eunkyong Choi, J.D., L.L.M, is a lecturer in law and supervising attorney for Washington University School of Law's Low Income Taxpayer Clinic (LITC) in St. Louis, Mo. She is a business-oriented attorney with diverse experience in developing and delivering complex tax planning strategies. Her responsibilities include advising and representing low-income taxpayers in controversies with the IRS and before the U.S. Tax Court as well as providing on-the-job training and guidance for the tax clinic staff, volunteers, and student attorneys to ensure that members of the clinic possess the knowledge and skills necessary to effectively represent clients. Thomas Cullinan, J.D., is a partner with Sutherland Asbill & Brennan LLP in Atlanta, Ga. Mr. Cullinan is a member of Sutherland's Tax Practice Group, who focuses his practice on tax controversies against the Internal Revenue Service (IRS). Estarre Fischer, CPA, is a partner with Moss Adams LLP, in Everett, Wash. Ms. Fischer has over thirteen years experience in taxation as a Certified Public Accountant (CPA). Her primary responsibility is to provide clients with tax consulting services regarding the tax treatment of R&D expenditures. Neil Fishman, CPA, is vice-president/co-owner of Fishman Associates CPAs, PA in Boynton Beach, Fla. Mr. Fishman is currently serving as Vice President of NCCPAP. John McDer mott, J.D., L.L.M., is an Attorney/Partner with Taylor, Porter, Brooks & Phillips, LLP, in Baton Rouge, La. He has 32 years experience in taxation. His primary areas of practice is tax planning and advice, including business and individual income tax, payroll tax, franchise tax, excise tax, ad valorem tax, sales and use tax and gift and estate tax. Walter Pagano, CPA, is a Tax Partner with EisnerAmper LLP, Accountants and Advisory in New York City, N.Y. Donald Read, J.D. L.L.M. is an attorney and is certified as a taxation law specialists by the Board of Legal Specialization of the State Bar of California. The 2015 IRSAC Chairman is Fred F. Murray, J.D. Mr. Murray is a Managing Director, Tax Accounting, Risk Advisory and International Tax Services, Grant Thornton, LLP, U.S. member of Grant Thornton International, in Washington, D.C. His responsibilities include managing policy, procedures, and risk in relation to United States Tax Services practice for a major international accounting firm with more than 500 offices in 113 countries -- including evaluation of tax return positions and penalty concerns; risk analysis; reportable transactions and material advisor concerns; disputes and controversies with tax authorities, Sarbanes-Oxley, SEC, GAO and PCAOB matters; and SFAS 109/FIN 48 (ASC 740) financial accounting matters.

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