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Internal Revenue Service

Global High Wealth Industry Group Created: New IRS Unit Will Target The Very Wealthy

Wall Street Journal | MARTIN VAUGHAN | Posted 10.27.2009 | Business

Read More: Global High Wealth Industry Group, Global High Weatlh Industry, Irs Investigation, Irs, Internal Revenue Service, Auditing the Rich, Millionaires, Tax Fraud, Billionaires, Tax Shelters, Income Tax, High Net Worth Individuals, Audits, Irs Probe, Unit, Special Unit, Offshore Accounts, Tax Havens, Business News

WASHINGTON -- A new Internal Revenue Service enforcement unit targeting the very wealthy will help the tax agency decode partnerships, offshore trusts...

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Excessive Compensation: Your Tax Dollars at Work

Aaron Zelinsky | Posted 10.22.2009 | Business

Read More: CEO Pay, Executive Pay, Irs, Internal Revenue Code, Excess CEO Compensation, Excess-Ceo-Compensation, Internal Revenue Service, CEO Compensation, Obama Executive Pay Cap, Executive Compensation, Obama Executive Pay, Obama-Executive-Pay-Cap, Business News
Aaron Zelinsky

The Obama Administration recently announced pay limits for bailed-out CEOs. But unless the IRS changes its policies, taxpayers will continue to subsidize unreasonable compensation paid by publicly held corporations.

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UBS Bank Accounts: More Than 7,500 Americans Come Forward About Secret Foreign Accounts

Anna Schecter and Brian Ross | Posted 10.14.2009 | Business

Read More: Ubs, Irs, UBS Bank Accounts, Internal Revenue Service, Swiss Banks, Swiss Bank Accounts, Tax Dodgers, Tax Cheats, Tax Havens, Business News

Faced with a Thursday midnight deadline to avoid possible prosecution, more than 7,500 Americans have come clean about secret foreign bank accounts, a...

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Tax Deadline Nears For Americans With Offshore Bank Accounts

New York Times | LYNNLEY BROWNING | Posted 10.12.2009 | Business

Read More: Offshore Accounts, Tax Accountants, Bank Accounts, Banks, Irs, Switzerland, Taxes, Internal Revenue Service, Secret Bank Accounts, Lawyers, Caribbean Bank Accounts, Ubs, Swiss Bank Accounts, Rich, Wealthy, Caribbean, Foreign Banks, Business News

Thursday is the deadline for Americans to come clean about the money they have hidden offshore, in places like Swiss bank accounts. No one can say wit...

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Tax Amnesty Deadline: IRS Extends Cutoff For Applicants

AP | STEPHEN OHLEMACHER | Posted 11.22.2009 | Business

Read More: Taxes, Irs, Internal Revenue Service, Tax Dodgers, Tax Amnesty Deadline, Tax Cheats, UBS AG, Business News

WASHINGTON — Procrastinating tax cheats will get a few extra weeks to apply for an amnesty program that has been flooded with applications from ...

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Federal Reserve Has Lowest Job Approval Rating; CDC, NASA Top List: Poll

Gallup | Posted 08.27.2009 | Politics

Read More: Gallup Poll, Nasa, Cia, Internal Revenue Service, Epa, Fbi, Fda, Gallup, Department of Homeland Security, Environmental Protection Agency, Central Intelligence Association, Federal Bureau of Investigations, Federal Agencies, Irs, Federal Reserve, Center for Disease Control and Prevention, Food and Drug Administration, Dcd, Politics News

At a time when Americans are discouraged about the direction of the country and hesitant about the scope of President Barack Obama's federal budget pl...

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The Urinator and the Judge

Christopher Brauchli | Posted 07.12.2009 | Politics

Read More: Federal Judges, Internal Revenue Service, Sexual Harassment, Judge Samuel B. Kent, Irs, Politics News
Christopher Brauchli

Two federal employees have been in the news recently for criminal conduct. One is a federal judge, the other an IRS employee. Both did what they did because they thought they could get away with it.

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An Open Letter to Magic Johnson

Don McNay | Posted 05.23.2009 | Business

Read More: Checking Account, Michigan State Spartans, Magic Johnson, Irs, Earned Income Tax Credit, Loan Sharks, California Attorney General, Internal Revenue Service, Michigan State University, Eitc, 2009 Ncaa Tournament, Ncaa, Don McNay, Payday Loans, Basketball, Dream Team, Los Angeles, College Basketball, Mcdonalds, Working Poor, Los Angeles Lakers, Check-Cashing-Store, Jackson Hewitt, Tax Refunds, Banking, Refund-Anticipation-Loans, Louisville, Kentucky, Lexington KY, Nba, Personal Finance, Business News
Don McNay

Who is the real Magic Johnson? The friendly guy who raises money for charities or the guy who encourages people to get high interest loans they don't need?

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IRS Seeking Credit Card Processor's Offshore Data

New York Times | LYNNLEY BROWNING | Posted 05.16.2009 | Business

Read More: Irs, First Data Corporation, Internal Revenue Service, First Data IRS, IRS Offshore Data, Business News

The federal government is widening its investigation of offshore tax evasion to include services sold by the First Data Corporation, a large processor...

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5 Reasons to Love the IRS

Dr. Susan Corso | Posted 05.13.2009 | Living

Read More: Irs, Love, Taxtime, Internal Revenue Service, Self-Improvement, Living News
Dr. Susan Corso

It never fails to amuse me that tax time is scheduled near crucifixion time in the Christian calendar. Instead of viewing tax time as crucifixion itself, why not consider it the prelude to Resurrection?

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Magic Johnson and the Tax Refund Rip-off

Don McNay | Posted 05.08.2009 | Business

Read More: Magic Johnson, Michigan State, NCAA Tournament, MC Hammer, 2009 Ncaa Tournament, Larry-Bird, Irs, Instant Gratification, Ed McMahon, Louisville, Kentucky, Lexington KY, Personal Finance, Interest Rates, H&R Block, Payday Lending, Dream Team, Michigan State Spartans, Fdic, Earned Income Tax Credit, California Attorney General, Internal Revenue Service, Dick Durbin, Michigan State University, Eitc, Ncaa, Don McNay, Payday Loans, Credit Cards, Republic Bank, IRS Tax Refunds Delayed, Los Angeles, College Basketball, Working Poor, HIV/AIDS, College Basketball Tournament, Los Angeles Lakers, Jackson Hewitt, Tax Refunds, San Francisco Chronicle, Banking, Tax-Anticipation-Loans, Nba, Business News
Don McNay

Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.

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IRS: AIG Taxes Probed

news.yahoo.com | Posted 04.24.2009 | Business

Read More: Irs, Internal Revenue Service, Internal Revenue Service Aig, AIG Tax IRS, AIG IRS, Aig Internal Revenue Service, IRS Tax AIG, IRS AIG, Business News

(Reuters) -- The U.S. Internal Revenue Service is challenging some of the tax deals structured by AIG Financial Products Corp, the unit of the giant i...

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IRS: Madoff Victims Tax Relief

AP | MARCY GORDON | Posted 04.17.2009 | Business

Read More: Irs, Internal Revenue Service Madoff, Internal Revenue Service, Madoff IRS, Irs Madoff Tax Break, Madoff Internal Revenue Service, Irs Madoff, Madoff Victims, Business News

WASHINGTON — The Internal Revenue Service issued guidelines Tuesday that will allow tax relief and refunds for some Bernard Madoff victims who w...

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Larry Summers: Stop the AIG Bonuses. Yes You Can.

Aaron Zelinsky | Posted 04.15.2009 | Business

Read More: Wall Street Bailout, Timothy Geithner Treasury Secretary, Internal Revenue Code, Internal Revenue Service, Aig Bonuses, AIG Bailout, Larry Summers, AIG Executives, Lawrence Summers, Derivative Suits, Aig, AIG Ba, Bailout, Wall Street, Tim Geithner, Executive Compensation, Larry Summers Treasury Secretary, Economy, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Business News
Aaron Zelinsky

Larry Summers claims that nothing can be done about the AIG bonuses. As a former Secretary of the Treasury, he should know better.

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The Taxpayer and the Tax Collector

Christopher Brauchli | Posted 04.12.2009 | Politics

Read More: Debt Collectors, Private Contractors, Charles Grassley, Internal Revenue Service, Politics News
Christopher Brauchli

Senator Grassley would obviously prefer to have 60 people in the private sector doing an inefficient job of collecting taxes than to turn the job over to the more efficient public sector.

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IRS Quits Use Of Private Debt Collectors

AP | STEPHEN OHLEMACHER | Posted 04.07.2009 | Business

Read More: Debt Collectors, Irs, Debts, Internal Revenue Service, Business News

WASHINGTON — So much for privatizing the federal government. The Internal Revenue Service's decision this week to quit using debt collectors to...

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How To Avoid A Tom Daschle Tax Trip Up

New York Times | Ron Lieber | Posted 03.07.2009 | Business

Read More: Taxes, Daschle, Irs, Internal Revenue Code, Tax Code, Internal Revenue Service, Tom Daschle, Tom Daschle Taxes, Tom Daschle Tax Problem, Business News

In just a couple of hours on Tuesday, two high-level nominees for jobs in the Obama administration took themselves out of the running because of tax p...

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Businesses Stiff IRS $58 Billion In Unpaid Payroll Taxes

Washington Post | Holly Watt | Posted 08.06.2008 | Business

Read More: Payroll Taxes, IRS Payroll Taxes, Internal Revenue Service, Irs, IRS Loses Payroll Taxes, IRS Cheated Payroll Taxes, Business News

Businesses have shorted the Internal Revenue Service about $58 billion in federal payroll taxes they withheld from employees' wages over the past 10 y...

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Internal Revenue Service Searching For Millions Who Haven't Filed For Stimulus Checks

CNN | Kathleen Koch | Posted 06.27.2008 | Business

Read More: Economic Stimulus Package, Internal Revenue Service, Irs, Stimulus Checks, Business News

The IRS says it's still trying to reach some 5 million Americans -- primarily seniors and veterans -- who have not filed the tax returns needed to qua...

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IRS Loses $37 Million Using Contract Debt Collectors, Not Employees

Washington Post | Lyndsey Layton, Christopher Lee | Posted 04.23.2008 | Business

Read More: Tax Scofflaws, Debt Collectors, April 15, Tax Collectors, Tax Agents, Capitol Hill, Irs, Internal Revenue Service, Tax Day, Tax Gap, Taxes Due, Business News

The Internal Revenue Service expects to lose more than $37 million by using private debt collectors to pursue tax scofflaws through a program that has...

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How To Get Your Tax Rebate Check

Washington Post | Michelle Singletary | Posted 04.18.2008 | Business

Read More: April 15, Bush Stimulus Plan, Economic Stimulus Checks, Tax Rebate Check, Irs, Internal Revenue Service, Stimulus Checks, Economic Stimulus, Stimulus Check Questions, Taxpayers, Tax Questions, Economic Stimulus Plan, IRS Questions, Business News

Taxpayers have been ringing the Internal Revenue Service telephones in record numbers trying to get answers about the upcoming economic stimulus payme...

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IRS: Refunds For Over 3 Million Delayed

AP | Jesse J. Holland | Posted 03.28.2008 | Business

Read More: Potential Refunds, Tax Returns, Irs, Internal Revenue Service, Alternative Minumum Tax, Tax Refunds, Business News

More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the...

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IRS Delivers FedEx A $319M Tax Hit

CNNMoney | Posted 03.28.2008 | Business

Read More: Taxes, Fedex, FedEx Taxes, Irs, Internal Revenue Service, Business News

FedEx was ordered to pay $319 million in back taxes by the IRS over a disagreement on how the company classified workers for its ground-delivery busin...

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Red Cross President Ousted Over "Personal Relationship" With Subordinate Employee

AP | DAVID CRARY | Posted 03.28.2008 | Home

Read More: Mark Everson Affair, Red Cross President Affair, American Red Cross, Hurricane Katrina, Red Cross President, Internal Revenue Service, Mark Everson, Home News

The American Red Cross ousted its president, Mark Everson, on Tuesday after learning that he had engaged in a "personal relationship" with a subordina...

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