IRS Audit Worrying You? Keep Your Income Under $200k
WASHINGTON — Want to keep IRS auditors away? Keep your earnings under $200,000 and they won't bother you 99 percent of the time. IRS enforcemen...
Irs
Estate Tax Laws Uncertain With Old Tax Set To Expire
Wall Street Journal | LAURA SAUNDERS | Posted 12.19.2009 | Politics
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Estate Law,
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The possible expiration of the federal-estate tax has sent the normally staid world of estate planning into a frenzy of activity, as taxpayers try to ...
Bailout Banks Keep Tax Breaks As They Repay Loans
AP | STEPHEN OHLEMACHER | Posted 12.16.2009 | Business
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WASHINGTON — Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as ...
IRS Tells Mother Making $10 An Hour She's Too Poor To Live In Seattle
Danny Westneat | Danny Westneat | Posted 12.08.2009 | Business
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 ...
More Charities Seek Tax Break for Donors, Costing U.S. Billions
New York Times | STEPHANIE STROM | Posted 12.05.2009 | Politics
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Experts say nonprofits are skillfully exploiting the tax code's broad and elastic definition of what constitutes such a charity, making it difficult f...
IRS files $79,000 Tax Lien Against Schwarzenegger
Los Angeles Times | Posted 11.27.2009 | Politics
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Taxes,
Governor Schwarzenegger,
Irs,
Governor Arnold Schwarzenegger,
Arnold Schwarzenegger,
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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...
Offshore Bank Accounts Revealed To IRS By 14,700 Taxpayers
AP | Curt Anderson | Posted 11.17.2009 | Business
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UBS Bank,
Offshore Bank Accounts,
Doug Shulman,
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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...
Tobacco Companies Using Loophole To Avoid Hundreds Of Millions In Taxes
AP | MATT APUZZO | Posted 11.17.2009 | Business
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WASHINGTON — When President Barack Obama signed a law expanding children's health insurance this spring, he slapped tobacco companies with huge ...
HuffPost Editor Roy Sekoff Discusses The Sarah Palin Coin Controversy On The Joy Behar Show
Huff TV | Posted 11.12.2009 | Media
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HuffPost Editor Roy Sekoff appeared on The Joy Behar Show Wednesday night to talk about religion in politics and the controversy surrounding Sarah Pal...
Wrong Way PILOTs Would Crash into Atlantic Yards
Daniel Goldstein | Posted 11.03.2009 | New York
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Tax Exempt,
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Bruce Ratner,
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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.
Global High Wealth Industry Group Created: New IRS Unit Will Target The Very Wealthy
Wall Street Journal | MARTIN VAUGHAN | Posted 10.27.2009 | Business
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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
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Executive Pay,
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Internal Revenue Code,
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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.
IRS Investigating 100,000 Suspicious Claims For First-Time Home-Buyer Tax Breaks
Wall Street Journal | JOHN D. MCKINNON | Posted 10.20.2009 | Business
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New Home,
Fraud,
Tax Breaks,
First Home,
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Tax Credit,
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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...
UBS Bank Accounts: More Than 7,500 Americans Come Forward About Secret Foreign Accounts
Anna Schecter and Brian Ross | Posted 10.14.2009 | Business
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Ubs,
Irs,
UBS Bank Accounts,
Internal Revenue Service,
Swiss Banks,
Swiss Bank Accounts,
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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...
Tax Deadline Nears For Americans With Offshore Bank Accounts
New York Times | LYNNLEY BROWNING | Posted 10.12.2009 | Business
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Offshore Accounts,
Tax Accountants,
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Switzerland,
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Caribbean,
Foreign Banks,
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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...
Hummer's Now History -- Here's How It Started
Steve Parker | Posted 10.10.2009 | Business
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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,
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Kindergarten Cop,
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Jeep,
Mishawaka,
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Somewhere, California Governor Arnold Schwarzenegger has tears in his eyes. His favorite vehicle, Hummer, has left the building. Its sale was announce...
Jobs: Optimism Has Employers Hiring Again
Jerry Chautin | Posted 11.30.2009 | Business
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Florida,
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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.
Tax Amnesty Deadline: IRS Extends Cutoff For Applicants
AP | STEPHEN OHLEMACHER | Posted 11.22.2009 | Business
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Taxes,
Irs,
Internal Revenue Service,
Tax Dodgers,
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WASHINGTON — Procrastinating tax cheats will get a few extra weeks to apply for an amnesty program that has been flooded with applications from ...
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
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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...
Is Bank of America Bad for America?
John Hood | Posted 10.19.2009 | Living
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.
IRS Could Mine Mortgage To Catch Tax Cheats
Flife | Martin Vaughn | Posted 10.17.2009 | Business
WASHINGTON -- The Internal Revenue Service will expand a program designed to catch tax cheats that searches for inconsistencies between mortgage payme...
UBS Whistleblower Sentenced to 40-Month Prison Term Puts Chill on Whistleblowing
Gary S. Chafetz | Posted 09.27.2009 | Politics
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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
Bradley Birkenfeld may be one of the most effective whistleblowers in the nation's history. His reward? A 40-month prison sentence.
United States of America vs. UBS: A Step Too Far?
Georges Ugeux | Posted 09.19.2009 | Politics
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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
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.
UBS To Divulge 4,450 Account Names, More Expected
AP | STEPHEN OHLEMACHER | Posted 09.19.2009 | Business
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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...
Rich Americans Scrambling Over Tax Dodge Crackdown
Posted 09.15.2009 | Business
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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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AP | LARRY MARGASAK | Posted 12.22.2009 | Business