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Internal Revenue Service

Major Energy Companies Allegedly Colluded To Avoid Competing

Reuters | Posted 09.01.2012 | Business

By Diane Bartz and Brian Grow WASHINGTON, July 2 (Reuters) - The U.S. Justice Department is probing Chesapeake Energy Corp and Encana ...

IRS To Give Americans With Offshore Accounts A Break

Reuters | Posted 08.26.2012 | Business

By Lynnley Browning June 26 (Reuters) - Many Americans living abroad will get a small reprieve from U.S. Internal Revenue Service rule...

Senator: IRS Whistleblower Problem Has Been Inexcusably Bad

Reuters | Posted 08.22.2012 | Business

By Patrick Temple-West WASHINGTON, June 22 (Reuters) - A report from the U.S. Internal Revenue Service's troubled whistleblower progra...

As Religious Officials Get Increasingly Political, IRS Remains Silent

Reuters | Posted 08.21.2012 | Politics

* Evangelical ministers plan to endorse candidates * Churches intentionally putting tax-exempt status at risk * Catholic...

Sometimes, a Painting Only Costs a Case of Wine

Daniel Grant | Posted 08.19.2012 | Arts
Daniel Grant

Works of art can be quite expensive, and few of the wealthy collectors who purchase pieces are likely to have $200,000 or so sitting in the bank on which they can write a check. More often the case is that these collectors must sell stock or other assets, or wait for an inheritance.

Manufacturer Contesting Huge Tax Bill

Reuters | Posted 08.18.2012 | Business

* Multinationals wary over agreements on asset transfers * In first revocations in years, IRS voided 2 Eaton deals * Pri...

Ben Hallman

Whistleblowers, Beware: Most Claims End In Disappointment, Despair

HuffingtonPost.com | Ben Hallman | Posted 06.04.2012 | Business

At first glance, James Holzrichter's decision to tell the government his employer's dirty secrets appears to have worked out rather well. He won $...

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

The Huffington Post | Catherine New | Posted 05.29.2012 | Money

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...

Romney To Pay More In Taxes?

The Huffington Post | Mark Gongloff | Posted 05.25.2012 | Business

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 ...

Former Executives Convicted Of Defrauding Local Governments

Reuters | Posted 07.11.2012 | Business

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...

Dan Froomkin

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

HuffingtonPost.com | Dan Froomkin | Posted 05.07.2012 | Politics

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

IRS Rule Could Threaten Some Banks' 'Viability'

Reuters | Posted 06.17.2012 | Business

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...

How We're Spending Our Tax Return

Posted 04.17.2012 | Comedy

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...

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

Posted 04.16.2012 | Business

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, transferr...

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

Reuters | Posted 06.10.2012 | Business

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

Tax Audits Go More Smoothly For The Rich

The Huffington Post | Alexander Eichler | Posted 04.09.2012 | Business

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...

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

Bloomberg BusinessWeek | Elizabeth Dwoskin | Posted 04.09.2012 | Money

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...

IRS Chief: Congress Risking 'Real Disaster'

Reuters | Posted 06.05.2012 | Business

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

Nikki Haley Not Under Federal Investigation

West Ashley Patch | Jonathan Allen | Posted 05.30.2012 | Politics

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...

How The Tax Man Is Losing Billions

Posted 02.13.2014 | Business

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 ...

The Tax Man Is Looking More Closely At Multimillionaires

Reuters | Posted 05.22.2012 | Business

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

Ex-Bank Executive Sues After Not Receiving Whistleblower Reward

The Huffington Post | Alexander Eichler | Posted 03.12.2012 | Business

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...

They're Throwing Rocks At Accountants' Cars

Posted 03.08.2012 | Money

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

You May Be Eligible To Postpone Paying Taxes

The Huffington Post | Bonnie Kavoussi | Posted 03.08.2012 | Money

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...

Guess Who's Getting Targeted By Tax Scammers Again

The Huffington Post | Alexander Eichler | Posted 03.05.2012 | Business

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 ...