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Internal Revenue Service

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...

IRS Chief: We're Not Targeting The Tea Party

AP | ALAN FRAM | Posted 05.22.2012 | Politics

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

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 ...

Why You're Waiting So Long For Your Tax Refund

Reuters | Posted 05.02.2012 | Business

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

Tax Day Is Not When You Think

Emily Cohn | Posted 03.01.2012 | Money

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

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

Fred Wertheimer | Posted 04.25.2012 | Politics
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.

Welcome To The Richest Zip Codes In The United States

The Huffington Post | Harry Bradford | Posted 02.26.2012 | Business

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...

Looking For Your Tax Refund? Good Luck Finding It

Posted 02.15.2012 | Business

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...

How To Stash Cash In An Offshore Bank Account

AP | CONNIE CASS | Posted 04.14.2012 | Business

WASHINGTON — Movie super spies James Bond and Jason Bourne use them. So do real-life presidential candidate Mitt Romney, who says he pays his ta...

IRS Offering Free Tax Help For Modest-Income Earners

AP | By EILEEN AJ CONNELLY | Posted 02.05.2012 | Business

-- Tax laws are so complex many taxpayers don't feel comfortable filing out their own returns, but getting professional help can be expensive. Belie...

Swiss Bank Charged By U.S. For Helping Americans Evade Taxes

AP | Posted 02.03.2012 | Business

WASHINGTON -- The U.S. Justice Department says it has indicted Switzerland's oldest private bank, claiming it conspired with Americans and others to h...

CRACKDOWN: Feds Arrest 105 In Identity Theft Sweep

AP | ALAN FRAM | Posted 04.01.2012 | Technology

WASHINGTON — The federal government has swooped down on 105 people in 23 states in the past week as part of a nationwide crackdown on identity t...

Breaking News: Romney Is Poor! (At Least According to the IRS)

Lennard Davis | Posted 03.19.2012 | Politics
Lennard Davis

That's right; only people at or near the poverty line get a tax rate like Romney's. So what's a high flying one-percenter doing paying bargain-basement taxes?

Key Numbers For Filing Your Taxes

AP | By The Associated Press | Posted 01.17.2012 | Business

-- Some key numbers to know when filing your 2011 tax returns, according to the Internal Revenue Service: PERSONAL EXEMPTION:...

IRS's Corporate Auditors Find $9,354 Of Additional Tax Owed Per Hour

Reuters | Posted 03.19.2012 | Business

(The author is a Reuters columnist. The opinions expressed are his own.) By David Cay Johnston Jan 17 (Reuters) - Congr...

Watchdog: IRS Budget Too Small For Agency To Do Its Job

AP | ALAN FRAM | Posted 03.12.2012 | Business

WASHINGTON (AP) — Congress is damaging the Internal Revenue Service by shortchanging its budget, making it harder for the agency to help taxpayers, ...

IRS: U.S. Taxpayers Underpaid Agency By Hundreds Of Billions

AP | ALAN FRAM | Posted 03.07.2012 | Business

WASHINGTON — People and businesses underpaid their taxes by an estimated 17 percent in the most recent year studied, failing to send the governm...

Case Reveals Potential Tax Evasion Links At Swiss Banks

Reuters | Posted 03.06.2012 | Business

* Indictment of 3 Wegelin bankers highlights ties * Inter-bank links key to U.S. tax evasion crackdown * Authorities eye...

IRS Audits Of Millionaires Jump By Roughly A Third

The Huffington Post | Alexander Eichler | Posted 01.05.2012 | Business

What do the Occupy movement and IRS have in common? They're both taking an interest in the one percent. Tax audits for millionaires jumped in fisca...

America's Most And Least Charitable States

24/7 Wall St. | Michael B. Sauter, Charles B. Stockdale, Ashley C. Allen | Posted 12.20.2011 | Business

From 24/7 Wall St.: The holiday season is a time for giving to family and friends. It is also apparently a time to give to those in need. Nonprofits r...

Madoff's Ex-Controller Pleads Guilty To Conspiracy, Other Charges

AP | LARRY NEUMEISTER | Posted 02.18.2012 | Business

NEW YORK — The former controller for imprisoned financier Bernard Madoff blamed him Monday for directing her to deceive investors, regulators an...