Internal Revenue Service

More Than 10,000 Rich Households Didn't Pay Income Tax

The Huffington Post | Catherine New | Posted 05.29.2012

Read More: High Income, Mitt Romney Taxes, Irs, Income Taxes, Charitable Contributions, Internal Revenue Service, Taxmaggedon, Audit, Taxpayers, High-Earning Americans, Taxes 2012, Tax Deductions, Money News

Out of the 3.9 million households that reported an adjusted gross income of $200,000 or more in 2009, more than 10,000 households paid nothing in taxe...

Read Whole Story

Romney To Pay More In Taxes?

The Huffington Post | Mark Gongloff | Posted 05.25.2012

Read More: Mitt Romney, Mitt Romney Taxes, Video, Irs, Carried Interest, Internal Revenue Service, Mitt Romney Carried Interest, Business News

Uncle Sam seems to be gearing up to take more tax dollars from Mitt Romney and his brothers in the private-equity fraternity. The Internal Revenue ...

Read Whole Story

Former Executives Convicted Of Defrauding Local Governments

Reuters | Posted 05.14.2012

Read More: Fraud, Federal Bureau of Investigation, General Electric, Video, Internal Revenue Service, Reuters, Conspriacy, Antirust Division, Department of Justice, Criminal Investigation Unit, Attorney General Scott D. Hammond, Executives, Business News

NEW YORK, May 11 (Reuters) - Three former executives of General Electric Co affiliates were convicted by a federal jury in New York of conspiracy ch...

Read Whole Story

Dan Froomkin

Who Are You Going To Believe: Karl Rove Or Your Lying Eyes?

HuffingtonPost.com | Dan Froomkin | Posted 05.07.2012

Read More: Video, Karl Rove, Irs, Campaign Finance Reform, Crossroads, Internal Revenue Service, Tax Status, Elections-2012, Crossroads Gps Karl Rove, 501(C)(4), American Crossroads, Crossroads GPS, Politics News

WASHINGTON -- Crossroads Grassroots Policy Strategies, the political ad-buying organization cofounded by Republican strategist Karl Rove in 2010, has ...

Read Whole Story

IRS Rule Could Threaten Some Banks' 'Viability'

Reuters | Posted 04.18.2012

Read More: Offshore Bank Accounts, Treasury Department, Video, Miami Herald, Irs, Guggenheim Partners, Internal Revenue Service, Reuters, US Banks, US Congress, Tax Evasion, Legislation, Non-U.S. Depositors, Business News

April 17 (Reuters) - Banks in Texas, Florida and other southern states could face a pull-out of non-U.S. depositors due to a new U.S. rule finalized...

Read Whole Story

How We're Spending Our Tax Return

Posted 04.17.2012

Read More: Video, Irs, Internal Revenue Service, Tax Day 2011, Tax Return, Tax Day 2012, Tax Day, How We're Spending Our Tax Return, Income Tax Return, Comedy News

If you're like us, you might be getting a little bit of money back from the federal government this year, so you better start planning what you're goi...

Read Whole Story

U.S. Lost $1 Billion To Banks In Last 10 Years Thanks To Tax Shelter

Posted 04.16.2012

Read More: Video, Irs, Bank of New York Mellon, Internal Revenue Service, Bank of New York Irs, Business News, Delaware, Propublica, Tax Evasion, Tax Shelters, Big Banks, Tax Revenue, Business News

By Megan Murphy and Vanessa Houlder, Financial Times and Jeff Gerth, ProPublica In November 2001, Bank of New York, a mid-tier U.S. bank, transfe...

Read Whole Story

Judge Rules Billionaire Can't Blame Bank For His Own Tax Evasion

Reuters | Posted 04.11.2012

Read More: Fraud, Ubs, Video, Judge Andrew Guilford, Internal Revenue Service, Swiss Bank Accounts, Reuters, Swiss Banks, Property Developer, Tax Dodging, Tax Evasion, Forbes, Offshore Accounts, U.S. Justice Department, Business News

* Judge dismisses case a month before trial * Former client tried to blame Swiss bank By Lynnley Browning ...

Read Whole Story

Tax Audits Go More Smoothly For The Rich

The Huffington Post | Alexander Eichler | Posted 04.09.2012

Read More: 1 Percent, Taxes, Irs, One Percent, Tax Audit, Internal Revenue Service, Nina Olson, Audit, Tax Filing, Taxpayer Advocate Service, Business News

Here's another way the rich are different: If they get audited by the IRS, they have a much better chance of dealing with an actual person. Accordi...

Read Whole Story

Why It's Gotten Harder For You To Fight The Tax Man

Bloomberg BusinessWeek | Elizabeth Dwoskin | Posted 04.09.2012

Read More: Taxes, Fighting Taxes, IRS Taxpayer Advocate, Irs, Tax Credits, Taxpayer Advocate, Internal Revenue Service, Nina Olson, Tax Day 2012, Tax Day, Taxpayers, Money News

Micah Andrews opened his first notice from the IRS a week before Christmas in 2010. He was standing in the kitchen of the house in the Atlanta suburbs...

Read Whole Story

IRS Chief: Congress Risking 'Real Disaster'

Reuters | Posted 04.06.2012

Read More: Irs Taxes, Congress Taxes, Video, Disaster Taxpayers, Internal Revenue Service, Reuters, Business News

(Refiles to delete extraneous letters in slug) * Tax filing delays possible-IRS Commissioner Shulman * $650 billion of p...

Read Whole Story

Agency Warns Of 'Total Confusion' If Congress Doesn't Act

AP | JIM ABRAMS | Posted 04.05.2012

Read More: Taxes, Video, Irs, Douglas Schulman, Bush Tax Cuts Expiration, Payroll Tax Cut, Internal Revenue Service, Payroll Tax, Bush Tax Cuts, Politics News

WASHINGTON — IRS commissioner Douglas Shulman warned Thursday of a disastrous tax filing season next year if Congress puts off dealing with tax ...

Read Whole Story

Nikki Haley Not Under Federal Investigation

West Ashley Patch | Jonathan Allen | Posted 05.30.2012

Read More: Nikki Haley Irs, Irs, U.S. Internal Revenue Service, Internal Revenue Service, State and Local Government, Ethics, Nikki Haley Investigation, Department of Justice, Nikki Haley, Nikki Haley South Carolina, South Carolina Politics, Politics News

S.C. Gov. Nikki Haley released a copy of a letter she received from the IRS stating it determined an investigation into the Sikh Society of South Caro...

Read Whole Story

How The Tax Man Is Losing Billions

Posted 03.30.2012

Read More: Taxes, Tax Refund Scams, Video, Tax Season, Irs, Tax Refunds, Internal Revenue Service, Identity Theft, Business News, Phishing Scam, Tax Scams, Phishing, Tax Refund Scams Irs, Business News

It's tax season and you know what that means: Time for scams. The government is cracking down on a scheme that they say has already likely bilked ...

Read Whole Story

The Tax Man Is Looking More Closely At Multimillionaires

Reuters | Posted 05.22.2012

Read More: Taxes, US Tax Officials, Video, Irs, Tax Service, Internal Revenue Service, Reuters, Swiss Bank Accounts, Tax Evasion, Taxpayers, UBS AG, Income, Business News

WASHINGTON, March 22 (Reuters) - U.S. tax officials are putting a closer microscope on the tax filings of multimillionaires, with the audit rate for...

Read Whole Story

IRS Chief: We're Not Targeting The Tea Party

AP | ALAN FRAM | Posted 05.22.2012

Read More: Ways and Means Committee, Irs Tea Party, Irs Chief Douglas Shulman, Congress, Video, First Amendment, Charles Boustany, Irs, Douglas Shulman, Tea-Party, Internal Revenue Service, Politics News

WASHINGTON -- The Internal Revenue Service is not making it harder for tea party groups to attain tax-exempt status because of their political views, ...

Read Whole Story

Ex-Bank Executive Sues After Not Receiving Whistleblower Reward

The Huffington Post | Alexander Eichler | Posted 03.12.2012

Read More: Taxes, Federal Bureau of Investigation, Video, Whistleblowers, Irs, Tax, Internal Revenue Service, Tax Dodgers, IRS Whistleblowers, Joseph Insinga, Fbi, Sec, Tax Evasion, Securities and Exchange Commission, Rabobank, Business News

Getting the IRS to give you money might not be the easiest thing in the world. But that's what Joseph Insinga is trying to do. Insinga, formerly an...

Read Whole Story

They're Throwing Rocks At Accountants' Cars

Posted 03.08.2012

Read More: Tax Return, Income Tax, Where Is My Tax Refund, Irs, Slow Tax Refunds, Tax Refunds, Internal Revenue Service, Money News

Taxpayer anger is rising over IRS delays in processing refunds this year. Some tax preparers report being physically threatened or having rocks thrown...

Read Whole Story

You May Be Eligible To Postpone Paying Taxes

The Huffington Post | Bonnie Kavoussi | Posted 03.08.2012

Read More: Taxes, Failure-to-Pay Penalties, Failure-to-Pay Penalty, Unemployed, Video, Unemployment, Irs, Tax, Internal Revenue Service, Tax Penalty, Tax Relief, Tax Penalties, Money News

If you are unemployed, you may be able to get away with not paying taxes...for now. The IRS announced on Wednesday that people who have been unempl...

Read Whole Story

Guess Who's Getting Targeted By Tax Scammers Again

The Huffington Post | Alexander Eichler | Posted 03.05.2012

Read More: Financial Fraud, Income Tax, Older Americans, Senior Citizens, Social Security, Irs, Internal Revenue Service, College Tax Credit, College Tuition, Tax Scams, Financial Scams, Tax Fraud, Tax Cheats, American Opportunity Tax Credit, Video, Business News

It's tax season -- which means that scammers are once again trying to rip off the elderly. The Internal Revenue Service issued a notice on Monday ...

Read Whole Story

Why You're Waiting So Long For Your Tax Refund

Reuters | Posted 05.02.2012

Read More: Taxes, Video, Irs, Tax Refunds, Tax Returns, Internal Revenue Service, Reuters, Business News, Tax Refund Delays, IRS Tax Refunds Delayed, Income Tax Refunds, Business News

* Tax preparers face angry customers * Glitches in new e-file software at IRS By Patrick Temple-West WASH...

Read Whole Story

Tax Day Is Not When You Think

Emily Cohn | Posted 03.01.2012

Read More: money_talks, April 15 Tax Day, April 15, Taxes, Income Tax, Taxes Due 2012, Tax Forms, Irs, Tax Deadline, Internal Revenue Service, Tax Day 2012, Taxes Due, April 17, 1040, Money News

One hundred forty-four million individuals will file personal income tax returns on Tax Day, which falls on Tuesday, April 17 this year. Typically...

Read Whole Story

How Citizens United Unleashed Campaign Spending in Federal Elections by Tax-Exempt Organizations

Fred Wertheimer | Posted 04.25.2012

Read More: Corruption, Politics, Irs, Citizens United, 2012 Election, Federal Election Commission, Super PACs, Internal Revenue Service, Politics News
Fred Wertheimer

There are two types of entities injecting hundreds of millions of dollars in unlimited contributions into our federal elections as the result of the Citizens United decision.

Read Post

Welcome To The Richest Zip Codes In The United States

The Huffington Post | Harry Bradford | Posted 02.26.2012

Read More: Bloomberg, Taxes, Zip Codes, Internal Revenue Service, Most Expensive Zip Codes, Tax Return, Top 1 Percent, Council for Community and Economic Research, Center for an Urban Future, Taxpayers, New York City, Wealth-X, Business News

It may be only five numbers long, but a zip code can say a lot about a person. Like if they have rich neighbors, for example. Of 29,000 zip codes e...

Read Whole Story

Looking For Your Tax Refund? Good Luck Finding It

Posted 02.15.2012

Read More: Video, Irs, Tax Refunds, U.S. Internal Revenue Service, E-Filing Taxes, Internal Revenue Service, Business News, Wheres My Refund?, Tax Refund, Where Is the Refund, Irs Tax Refunds, Electronic Tax Returns, Personal Finance, Income Tax Refunds, Business News

Where is my refund? It's a question Americans are probably asking themselves increasingly as they file their taxes. But they might have trouble fin...

Read Whole Story