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


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

Excessive Compensation: Your Tax Dollars at Work

Aaron Zelinsky | Posted 10.22.2009 | Business


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.

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

Anna Schecter and Brian Ross | Posted 10.14.2009 | Business


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

Tax Deadline Nears For Americans With Offshore Bank Accounts

New York Times | LYNNLEY BROWNING | Posted 10.12.2009 | Business


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...

Tax Amnesty Deadline: IRS Extends Cutoff For Applicants

AP | STEPHEN OHLEMACHER | Posted 11.22.2009 | Business


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

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

Gallup | Posted 08.27.2009 | Politics


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...

The Urinator and the Judge

Christopher Brauchli | Posted 07.12.2009 | Politics


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.

An Open Letter to Magic Johnson

Don McNay | Posted 05.23.2009 | Business


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?

IRS Seeking Credit Card Processor's Offshore Data

New York Times | LYNNLEY BROWNING | Posted 05.16.2009 | Business


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

5 Reasons to Love the IRS

Dr. Susan Corso | Posted 05.13.2009 | Living


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?

Magic Johnson and the Tax Refund Rip-off

Don McNay | Posted 05.08.2009 | Business


Don McNay

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

IRS: AIG Taxes Probed

news.yahoo.com | Posted 04.24.2009 | Business


(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...

IRS: Madoff Victims Tax Relief

AP | MARCY GORDON | Posted 04.17.2009 | Business


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

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

Aaron Zelinsky | Posted 04.15.2009 | Business


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.

The Taxpayer and the Tax Collector

Christopher Brauchli | Posted 04.12.2009 | Politics


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.

IRS Quits Use Of Private Debt Collectors

AP | STEPHEN OHLEMACHER | Posted 04.07.2009 | Business


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

How To Avoid A Tom Daschle Tax Trip Up

New York Times | Ron Lieber | Posted 03.07.2009 | Business


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...

Businesses Stiff IRS $58 Billion In Unpaid Payroll Taxes

Washington Post | Holly Watt | Posted 08.06.2008 | Business


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

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

CNN | Kathleen Koch | Posted 06.27.2008 | Business


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...

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

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


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...

How To Get Your Tax Rebate Check

Washington Post | Michelle Singletary | Posted 04.18.2008 | Business


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

IRS: Refunds For Over 3 Million Delayed

AP | Jesse J. Holland | Posted 03.28.2008 | Business


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...

IRS Delivers FedEx A $319M Tax Hit

CNNMoney | Posted 03.28.2008 | Business


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...

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

AP | DAVID CRARY | Posted 03.28.2008 | Home


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