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Bailout Banks Keep Tax Breaks As They Repay Loans

AP | STEPHEN OHLEMACHER | Posted 12.16.2009 | Business

Read More: Citi, Tarp, Geithner, White House, Irs, Bailout, Treasury, TARP Repayment, Banks, Tax Breaks, Citigroup, Financial Crisis, Business News

WASHINGTON — Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as ...

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IRS Tells Mother Making $10 An Hour She's Too Poor To Live In Seattle

Danny Westneat | Danny Westneat | Posted 12.08.2009 | Business

Read More: Audit, Rachel Porcaro, Irs, Internal Revenue Service, IRS Audits, Business News

Rachel Porcaro knows she's hardly rich. When you're a single mom making 10 bucks an hour, you don't need government experts to tell you how broke you ...

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More Charities Seek Tax Break for Donors, Costing U.S. Billions

New York Times | STEPHANIE STROM | Posted 12.05.2009 | Politics

Read More: Taxes, Tax Code, Irs, Tax Law, Tax Deductible Contributions, Tax Deductible, Charities, Nonprofits, Politics News

Experts say nonprofits are skillfully exploiting the tax code's broad and elastic definition of what constitutes such a charity, making it difficult f...

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IRS files $79,000 Tax Lien Against Schwarzenegger

Los Angeles Times | Posted 11.27.2009 | Politics

Read More: Taxes, Governor Schwarzenegger, Irs, Governor Arnold Schwarzenegger, Arnold Schwarzenegger, Politics News

The Internal Revenue Service has filed a federal tax lien against Gov. Arnold Schwarzenegger for nearly $80,000, public records show. The lien was fi...

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Offshore Bank Accounts Revealed To IRS By 14,700 Taxpayers

AP | Curt Anderson | Posted 11.17.2009 | Business

Read More: UBS Bank, Offshore Bank Accounts, Doug Shulman, Taxes, Ubs, Irs, Swiss Bank Accounts, Amnesty, Offshore Accounts, Business News

MIAMI (AP)-- More than 14,700 U.S. taxpayers came forward to disclose billions in offshore bank accounts in 70 countries under a voluntary Internal Re...

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Tobacco Companies Using Loophole To Avoid Hundreds Of Millions In Taxes

AP | MATT APUZZO | Posted 11.17.2009 | Business

Read More: Obama Child Health Law, Taxes, Big Tobacco, Tax Loophole, Farmers Gold, Irs, Tobacco Companies, Roll Your Own Tobacco, Tobacco, Criss Cross, Pipes, Business News

WASHINGTON — When President Barack Obama signed a law expanding children's health insurance this spring, he slapped tobacco companies with huge ...

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HuffPost Editor Roy Sekoff Discusses The Sarah Palin Coin Controversy On The Joy Behar Show

Huff TV | Posted 11.12.2009 | Media

Read More: Health Care Bill, Taxes, Social Justice, Congress, Bible, Poverty, Irs, Nancy Pelosi, Civil Rights, Roy Sekoff, Mormons, Joy Behar, Joy Behar Show, House, Religion, Politics, Penn Jillette, Senate, Gay Rights, Proposition 8, Prop 8, Stupak Amendment, Health Care Reform, Christianity, Poor, Separation of Church and State, Gay Marriage, Church and State, Media News
Huff TV

HuffPost Editor Roy Sekoff appeared on The Joy Behar Show Wednesday night to talk about religion in politics and the controversy surrounding Sarah Pal...

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Wrong Way PILOTs Would Crash into Atlantic Yards

Daniel Goldstein | Posted 11.03.2009 | New York

Read More: Forest City Ratner, Atlantic Yards, Tax Exempt, Irs, Pilots, Bonds, Brooklyn, Bruce Ratner, New York News
Daniel Goldstein

Imagine the city told you, that instead of paying property taxes on your home you could take the equivalent of the tax you would pay and use it for your mortgage. Not a bad deal...for the homeowner.

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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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IRS Investigating 100,000 Suspicious Claims For First-Time Home-Buyer Tax Breaks

Wall Street Journal | JOHN D. MCKINNON | Posted 10.20.2009 | Business

Read More: New Home, Fraud, Tax Breaks, First Home, Housing, Irs, Homebuyers, Criminal Realtors, Real Estate, Home Buyer, Tax Credit, Business News

WASHINGTON -- The Internal Revenue Service is examining more than 100,000 suspicious claims for the first-time home-buyer tax break, another sign of p...

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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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Hummer's Now History -- Here's How It Started

Steve Parker | Posted 10.10.2009 | Business

Read More: Saddle Peak Lodge, Paris Dakar Rally, American Motors, California, Gulf War, Indiana, Nascar, AM General, Robby Gordon, Cars, Arnold Schwarzenegger, Los Angeles, Jim Armour, Rod Hall, Los Angeles Auto Show, Irs, Kindergarten Cop, General Motors, Baja California, Humvee, Jeep, Mishawaka, Oregon, Business News
Steve Parker

Somewhere, California Governor Arnold Schwarzenegger has tears in his eyes. His favorite vehicle, Hummer, has left the building. Its sale was announce...

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Jobs: Optimism Has Employers Hiring Again

Jerry Chautin | Posted 11.30.2009 | Business

Read More: Independent Contractor, Fair Labor Standards Act, Child Labor, Minimum Wage, Florida, Overtime Wages, Workers’ Compensation, Labor Department, Irs, Employment, Business News, Jobs, Sba, Payroll Tax, Small Business, Business News
Jerry Chautin

Employers who think they can avoid payroll tax and employee benefits by mischaracterizing independent contractors may be in for a surprise. The IRS, Labor Department, and even local state governments may disagree and the consequences can be severe.

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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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Top 1 Percent Of Americans Reaped Two-Thirds Of Recent Income Gains

Center on Budget and Policy Priorities | Avi Feller and Chad Stone | Posted 11.09.2009 | Business

Read More: Emmanuel Saez, Income Concentration, Thomas Piketty, Irs, Wealth, National Bureau of Economic Research, Income Inequality, Business News

Two-thirds of the nation's total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger s...

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Is Bank of America Bad for America?

John Hood | Posted 10.19.2009 | Living

Read More: Taxes, Taxpayer Money, Overdraft Fees, Irs, Bailout, Money, Bank of America, Living News
John Hood

Here I am, one of the taxpayers who helped give Bank of America billions of dollars; hell, helped them buy Merrill Lynch for Zeus' sake! And still they fleece me every chance they can get.

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IRS Could Mine Mortgage To Catch Tax Cheats

Flife | Martin Vaughn | Posted 10.17.2009 | Business

Read More: Taxes, Irs, Tax Cheats, Taxpayers, Mortgage Data, Business News

WASHINGTON -- The Internal Revenue Service will expand a program designed to catch tax cheats that searches for inconsistencies between mortgage payme...

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UBS Whistleblower Sentenced to 40-Month Prison Term Puts Chill on Whistleblowing

Gary S. Chafetz | Posted 09.27.2009 | Politics

Read More: Gold Banc, Fraud, Ubs, Whistleblowers, Irs, False Claims Act, Fca, Swiss Bank Accounts, Bradley Birkenfeld, Farmers, Abraham Lincoln, Swiss Numbered Bank Accounts, National Whistleblowers Center, U. S. Treasury, Qui Tam, Politics News
Gary S. Chafetz

Bradley Birkenfeld may be one of the most effective whistleblowers in the nation's history. His reward? A 40-month prison sentence.

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United States of America vs. UBS: A Step Too Far?

Georges Ugeux | Posted 09.19.2009 | Politics

Read More: Ubs, $780 Million in Fines, Swiss Government, Irs, Swiss Bank, Sarbanes-Oxley Act, Finra, Taxation, Tax Fraud, Taxpayers, Switzerland Banks, Swiss Bank Accounts, Chancellor Angela Merkel, Swiss Banks Secrecy, US Banks, Us-Taxpayers, Tax Evasion, Oecd, Nicolas Sarkozy, Switzerland, British Prime Minister Brown, Tax Havens, Politics News
Georges Ugeux

There is no winner when fundamental rule of law and customer loyalty are not respected. This will have major ramifications outside of Switzerland and the United States.

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UBS To Divulge 4,450 Account Names, More Expected

AP | STEPHEN OHLEMACHER | Posted 09.19.2009 | Business

Read More: Ubs, Switzerland, Irs, UBS and IRS, Finance, Swiss Banks, Swiss Bank Accounts, Banks, Tax Havens, UBS Taxes, Business News

WASHINGTON — The U.S. pulled back the veil on Switzerland's famed tradition of banking secrecy Wednesday, winning an agreement for banking giant...

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Rich Americans Scrambling Over Tax Dodge Crackdown

Posted 09.15.2009 | Business

Read More: Tax Code, Irs, Rich Americans, Personal Finance, Wealthy Americans, Tax Cheats, Business News

By STEPHEN OHLEMACHER, Associated Press Writer WASHINGTON - A deal with Switzerland settling U.S. demands for the names of suspected tax dodgers 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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More Pressure to Breast-Feed? The IRS Rules Against Tax Relief for Formula Feeders

Claire Bidwell Smith | Posted 08.23.2009 | Living

Read More: Taxes, Breast Feeding, Dr. Sears, Tax Breaks, Irs, Baby Formula, Healthcare, Newsweek, Living News
Claire Bidwell Smith

I was surprised by the amount of warnings I received about how I should breast-feed my child. While I never considered doing otherwise, I have to wonder how this pressure feels to women who are unable to breast-feed.

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