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Internal Revenue Service

Small Business Owners: How Many Missed Taking the Small Business Health Care Tax Credit?

Don McNay | Posted 04.19.2014 | Small Business
Don McNay

A Kentucky professional who owns his own business found that he missed getting the Health Care Tax Credit. For the past four years! Since the credit is worth 35 percent of what he is paying in health insurance, his business lost out on about $40,000.

Congress Criticizes IRS Failure To Audit Most Big Partnerships

AP | STEPHEN OHLEMACHER | Posted 04.17.2014 | Politics

WASHINGTON (AP) — The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released...

Deep in the Heart of Taxes

Glenn C. Altschuler | Posted 04.14.2014 | Books
Glenn C. Altschuler

In American Tax Resisters, Romain Huret, a professor of American History at the University of Lyon 2 in France, reminds us that anti-tax crusades have deep roots in American political culture, dating back to the Boston Tea Party.

Here's How To Get More Time To File Your Tax Return

AP | By ALEX VEIGA | Posted 04.14.2014 | Business

America's annual tax reckoning is here once again and for many who have yet to file their federal tax return, that means a mad dash to beat Uncle Sam'...

Michael McAuliff

Not Implicated In the Lois Lerner IRS Furor: The White House

HuffingtonPost.com | Michael McAuliff | Posted 04.13.2014 | Politics

WASHINGTON -- Two House of Representatives committees held nearly unprecedented votes this week targeting the former IRS official at the heart of the ...

Michael McAuliff

Republicans Vote To Hold Former IRS Official In Contempt

HuffingtonPost.com | Michael McAuliff | Posted 04.10.2014 | Politics

WASHINGTON -- Republicans on the House Oversight and Government Reform Committee voted on party lines Thursday to hold in contempt of Congress the for...

House Panel To Hold Contempt Vote On IRS Official

Posted 04.11.2014 | Politics

By STEPHEN OHLEMACHER, The Associated Press WASHINGTON (AP) -- A House committee is voting on whether to hold a former Internal Revenue Service off...

Michael McAuliff

Republicans Vote For Criminal Probe Of Lois Lerner In IRS Scandal

HuffingtonPost.com | Michael McAuliff | Posted 04.09.2014 | Politics

WASHINGTON -- The House Ways and Means Committee took the scandal over the Internal Revenue Service's botched scrutiny of political nonprofits to a ne...

House Committee Finds Evidence IRS Official May Have Committed Crimes In Tea Party Scandal

AP | By STEPHEN OHLEMACHER | Posted 04.07.2014 | Politics

WASHINGTON (AP) — The chairman of the House Ways and Means Committee says investigators have uncovered evidence that a former Internal Revenue Servi...

Protect Yourself from IRS Tax Scams

Andrew Wang | Posted 04.02.2014 | Money
Andrew Wang

With tax season upon us, taxpayers are not the only ones preparing for tax filing day. The Internal Revenue Service warns consumers that there are sophisticated scams targeting taxpayers throughout the country.

Sam Stein

The IRS Will Get Another Round In The Scandal Spotlight This Week

HuffingtonPost.com | Sam Stein | Posted 03.02.2014 | Politics

WASHINGTON -- The controversy surrounding the IRS’ targeting of conservative groups seeking tax-exempt status may end up back in the news this week ...

'We're Not Afraid To Take The Fight To Them'

Center For Public Integrity | Dave Levinthal | Posted 02.21.2014 | Politics

Four years ago, the Supreme Court's Citizens United v. Federal Election Commission decision remade the rules for how political campaigns are waged....

In First Visit To Congress, IRS Chief Pleads For Fresh Start

Reuters | Posted 04.07.2014 | Politics

By Patrick Temple-West WASHINGTON, Feb 5 (Reuters) - The new chief of the U.S. Internal Revenue Service on Wednesday said the tax agen...

What's Deductible for Legal Fees When Couples Divorce

Julian Block | Posted 04.05.2014 | Divorce
Julian Block

The IRS prohibits any deduction for the cost of personal advice, counseling and legal action in a divorce. For example, there's no write-off for what a husband spends to resist his wife's demands for more alimony or to set aside a pre¬nuptial property agreement.

A Valuable Tax Credit Too Many Workers Don't Know About

Jim Gibbons | Posted 04.01.2014 | Impact
Jim Gibbons

Imagine if you qualified for a valuable tax credit but weren't even aware of it. Unfortunately, this is the case for far too many Americans when it co...

IRS' Tea Party Scrutiny Dodges Criminal Charges: Report

Reuters | Posted 03.15.2014 | Politics

WASHINGTON, Jan 13 (Reuters) - The FBI is not planning to file criminal charges involving the Internal Revenue Service's extra scrutiny of the Tea P...

Audit Survival Strategies

Julian Block | Posted 03.15.2014 | Money
Julian Block

Just because you can back up every item on your return, don't think you can forget about an audit. Those relentless IRS computers may bounce your retu...

Tough Rules for Home-Office Deductions

Julian Block | Posted 03.04.2014 | Business
Julian Block

The law allows freelancers and other individuals who work at home to claim home-office deductions only if they pass a series of tests. You must use a ...

Financial Tips That Ease the Sting of Divorce

Julian Block | Posted 02.24.2014 | Divorce
Julian Block

Educate yourself for financial planning. In this lumbering economy, it's more vital than ever that you assume greater responsibility for your financial future.

Momentum And Inertia: Twin Threats To The Separation Of Church And State

Rev. Barry Lynn | Posted 02.17.2014 | Religion
Rev. Barry Lynn

Today, we have two main problems related to separation of church and state. To borrow from physics, one relates to momentum, the other to inertia.

No Tax Break if Client Stiffs You

Julian Block | Posted 02.11.2014 | Money
Julian Block

Why should freelancers forget about any kind of relief when they fill out their tax forms?

How The Tax Rules Work When You Refinance Your Home Mortgage

Julian Block | Posted 02.09.2014 | Money
Julian Block

Recent drops in interest rates have prompted millions of households to refinance their mortgages. Borrowers who refinance need to familiarize themselves with tricky tax rules on what is or isn't deductible for interest payments. Here are some reminders on how the rules work.

IRS Sets Its Sights on Political 'Dark Money'

The Center for Public Integrity | Posted 01.27.2014 | Politics
The Center for Public Integrity

the Internal Revenue Service is proposing new rules that could curtail "social welfare" nonprofit groups' ability to influence elections while concealing their donors.

'Dark Money' Groups Give Big to Similar Nonprofits

The Center for Public Integrity | Posted 01.25.2014 | Politics
The Center for Public Integrity

New IRS tax returns shed light on hefty spending by key nonprofit groups -- and the disclosures also show that some of the money raised by these groups, which aren't required to reveal their donors, are sharing money with other groups that don't reveal their donors.

Obamacare Is Not a Reason to Give Up on Government Programs

Anthony W. Orlando | Posted 01.23.2014 | Politics
Anthony W. Orlando

The biggest myth of the Obamacare debate goes like this: The failures of Obamacare prove that the government can't be trusted to run our health care system.