Feeds
FedEx says the IRS will not impose tax penalties for 2004 through 2006 in the package delivery company's long-running battle over the classification of its FedEx Ground drivers as contractors instead of employees.
The IRS announced Wednesday it was severing ties with ACORN, joining a growing list of government agencies to end relationships with the community activist group.
The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number of defaults.
Many unemployed who think COBRA insurance is too expensive don’t know a discount exists — and some have been given bogus information about whether they’re eligible.
An agent used surveillance cameras to confirm a smelly suspicion: Someone had been urinating in a freight elevator at an Internal Revenue Service data center in Detroit. Authorities filed a criminal charge Tuesday against Michael Hicks. In an affidavit, treasury agent Delmaria Scott said she interviewed Hicks in January 2008 and he admitted urinating in the elevator for months.
The Internal Revenue Service is auditing a Tribune Co. deal involving its employee stock ownership plan, a major piece of Sam Zell's plan to take his media company private.
With the April 15 tax deadline approaching, do you have questions about filing, credits and more? Here, the National Association of Enrolled Agents, the IRS and TODAY financial editor Jean Chatzky offer tips to help you through the paperwork.
An Internal Revenue Service agent who audits taxpayers in California has agreed to plead guilty to cheating on his own taxes.
The Internal Revenue Service is not living up to its pledge to crack down on wealthy tax cheats, an IRS watchdog group says, citing a drop in audits of millionaires last year.
After a job loss, failed business venture or dwindling investment portfolio, more Americans are likely to qualify for tax breaks for 2008 that they didn't qualify for before. Yet a recent survey by CCH Complete Tax found two out of three taxpayers fear they may overlook tax breaks or make mistakes that could cost them fines or penalties.
The Internal Revenue Service is eliminating a program that uses private debt collectors to go after tax delinquents, the agency announced Thursday evening.
Time is running out for more than a million taxpayers to file for $1.3 billion in unclaimed tax refunds from 2005.
Cyber-thieves are clever crooks. They know an e-mail that looks like it’s from the IRS will get your attention. So they send out fake e-mail that says you are about to be audited or are due a big refund. Who could ignore a message like that?
Nearly 1 of every 6 tax returns filed so far includes errors in reporting last year’s federal stimulus payments, the Internal Revenue Service said, blaming confusion among professional tax preparers and early releases of tax software.
In owning up to the mistake of nominating former Sen. Tom Daschle for his Cabinet — in spite of known problems with his tax returns — President Obama said it was important to stress that “there aren’t two sets of rules, one for prominent people and one for ordinary folks who have to pay their taxes.”
Nearly nine in 10 Americans say it is "not at all" acceptable to cheat on your taxes — a sticky issue for an Obama administration that has nominated two Cabinet officials with tax troubles.
The Internal Revenue Service warns that many taxpayers are mistakenly trying to double-dip on last year's federal tax rebate when they file their tax returns this year — and the IRS is catching the errors.
Want a quick tax refund? File your federal tax returns electronically.
The nation's tax code is so complex that taxpayers spend nearly $200 billion a year on the work required to comply with requirements, the government's taxpayer advocate said in a report released Wednesday.
The amount of money the IRS collects from audits and other reviews fell by nearly $3 billion this year as the agency shifted resources to make sure people got their economic stimulus checks.
The Internal Revenue Service said Tuesday it will try to make it easier for homeowners in financial straits to refinance or sell their homes.
Taxpayers who believe their economic stimulus checks went astray must update their addresses with the Internal Revenue Service by Friday.
After losing a job or suffering some other economic hardship, some Americans have decided they must withdraw money from their 401(k) or other retirement plan in order to cover expenses. Still, experts warn such a decision can carry substantial costs, and risks.
The IRS on Thursday announced its own little economic bailout plan, worth about $266 million, for taxpayers who didn't get their economic stimulus checks or regular income tax refunds the first time around because they couldn't be found.
Millions may have to repay part of Obama tax credit For more than 15.4 million people, the Making Work Pay tax credit enacted as part of the $787-billion economic stimulus package could turn out to be a Making You Pay Back tax credit.
Why Don't Churches Have to Disclose Lobbying Activities? A Democrat in Congress has called for changes to the IRS rules on church issue advocacy. That's not likely to change, but perhaps some transparency is in order.
There is a Right, it is called Freedom of Religion. The Catholic Church has been in existence for over two thousand years; Christianity. Our Country allows a Tax Exempt Status for Churches.
When was the last time you took time, if ever, to figure out how much our federal government takes, in taxes, from you? Have you really pondered what you give to our government, yearly? It doesn't end April 16th ...
IRS rules for medical deductions are sickeningLong before "Dirty Jobs" premiered on reality TV, we all understood that some jobs are ickier than others and that we really shouldn't hold an unpleasant job against the person doing it. Hence, the cliché: "Don't shoot the messenger."
Sen. Nelson: First Time Homebuyer Tax Credit to Be Extended (Bloomberg)The Senate is set to extend the first time home buyer credit, of $8,000, through 2010.
IRS Unit To Target High Income Tax EvadersA new IRS enforcement unit will help decode partnerships, offshore trusts and other complex techniques used to hide income.
Fraud in First-Time Homebuyer ProgramSome Americans are using children as young as age four to defraud the government out of an $8,000 tax credit for first-time home buyers.
Audit of Home Tax Credit Shows Errors and AbusesWASHINGTON — Just as Congressional leaders are calling for an extension of a popular $8,000 tax credit for first-time homebuyers, or even an expansion to all home purchasers, government investigators reported Thursday that their audits suggest widespread abuse and errors in the …
Good Job! US Treasury to Cut CEO's Salaries Bailout Banks+ Well Done!The article heading is "Treasury to order bailed-out firms to slash pay" The Article in Part..
Deadline looms for Americans to disclose accounts in foreign tax havens -- latimes.comWealthy U.S. taxpayers, concerned about an Internal Revenue Service crackdown on the use of secret overseas bank accounts as tax havens, are rushing to meet a Thursday deadline to disclose those accounts or face possible criminal prosecution.
October 15: Tax Deadline Looms for Holders of Hidden Offshore Accounts and AssetsMany Americans dread April 15, the deadline for filing their income tax returns. But some well-heeled people are trembling over another looming tax day: Oct. 15. Skip to next paragraph
OK, HERE IS THE PART OF THE CBO BREAKDOWN.... DATED ON OCT 7 2009. a.
Mass. strip club owner faces sentencingSALISBURY - The owner of a Salisbury strip club who pleaded guilty to not paying all of his income taxes faces up to three years in prison when he is sentenced this week.
Sixth UBS Client Steps Forward In IRS Tax-Evasion CrackdownA retired Boeing sales manager from the Seattle area became the sixth client of Swiss banking giant UBS to face criminal charges in this year
Mesa, Arizona Tax Preparer Arrested for Child PornJess Alan Skousen was arrested at his Mesa accounting business Wednesday for allegedly having illegal child pornography on his laptop computer. All of the electronic records that are within the business will most likely be subject to review.
ACORN: Tax CheatsACORN CEO Bertha Lewis told Fox News Sunday on September 20 that her group "absolutely pays its taxes." But her claim crumbles before the $548,213.25 federal tax lien that the Internal Revenue Service filed against the embattled New Orleans-based activist organization.
Still Another 10 Moments in Mike Huckabee's Extremismexcerpt: "" During the 2008 presidential campaign, I documented 10, then 10 more and yet another 10 moments in the extremism of Mike Huckabee.
An Open Letter to the President, the Congress, and the American peopleDear Mr. President, Members of Congress, and Fellow Americans, We, the undersigned business and university economists, welcome and applaud the ongoing initiative to reform the federal tax code.
Prosecutions Against US Tax Dodgers to start with Glee!!!The government has secured six guilty pleas so far in its effort, including one Friday, where a New Jersey man pleaded guilty for failing to report about $6.1 million he had held in a UBS AG Swiss bank account.
Burning down the house? IRS nixes tax deductionsThe battered house on Sherwin Road was put to good use before the fire department burned it to the ground.
ACORN Funded Political, For-Profit Efforts, Data ShowDocuments released by a Senate Republican on Thursday show that leaders of the ACORN community organizing network transferred several million dollars in charitable and government money meant for the poor to arms of the group that have political and sometimes profit-making mission …
Treasury to Probe oversight of ACORN= Non Profit? I applaud the IRS and their probe into ACORN and their Non Profit 501(c)(3) status. ACORN has been fraught with Voter Fraud, embezzlement of Tax Dollars, and Housing Authority abuse. I applaud the Internal Revenue Service for looking into ACORN. The article in part states..
Traficant: If I Was Elected, I'd Kick The IRS In The Crotch 'Real Good'Our favorite ex-con ex-Congressman Jim Traficant (D-OH) appeared on Hardball tonight just to make everyone's day a little brighter with a graphic description of what he'd do if he successfully ran for office.
Log In | Register
