News / IRS

Psst, taxes go up in 2013 for 163 million workers

Source: apnews.myway.com - Oct 22, 2012

Oct 21, 11:31 AM (ET) By STEPHEN OHLEMACHER WASHINGTON (AP) - President Barack Obama isn't talking about it and neither is Mitt Romney. But come January, 163 million workers can expect to feel... Read more >

Category: IRS

IRS: Agents Won't Be Enforcers of Obamacare Mandate

Source: cnbc.com - Sep 12, 2012

The Internal Revenue Service on Tuesday assured congressional lawmakers that agents would play no role in enforcing the controversial requirement that Americans buy insurance under President Barack... Read more >

Category: IRS

More Details on IRS Tax Relief

Source: irs.gov - Sep 11, 2012

LA/MS-2012-15, Sept. 5, 2012 NEW ORLEANS — Victims of Hurricane Isaac that began on Aug. 26, 2012 in parts of Louisiana may qualify for tax relief from the Internal Revenue Service. Following... Read more >

Category: IRS

An End to Bush-Era Tax Cuts Could Push High-End Properties Onto Market

Source: realestate.aol.com - Aug 20, 2012

Some well-heeled homeowners are reportedly scrambling to offload luxury properties by the end of the year or else risk having a serious bite taken out of their bottom lines. That's because if the... Read more >

Category: IRS

ARIZONA TAX DEFIER SENTENCED TO NINE YEARS IN PRISON FOR FRAUD AND TAX CONSPIRACY

Source: justice.gov - Aug 14, 2012

FOR IMMEDIATE RELEASE FRIDAY, AUGUST 10, 2012 WWW.USDOJ.GOV TAX (202) 514-2007 TDD (202) 514-1888 ARIZONA TAX DEFIER SENTENCED TO NINE YEARS IN PRISON FOR FRAUD AND TAX CONSPIRACY WASHINGTON –... Read more >

Category: IRS

Report finds widespread fraud in taxpayer ID program

Source: foxnews.com - Aug 10, 2012

A recently released report shows widespread tax fraud in connection with the federal government’s Individual Taxpayer Identification Number program. The U.S. Treasury inspector general report... Read more >

Category: IRS

US Lawmakers Look To Abolish Olympic Medal Taxes

Source: tax-news.com - Aug 7, 2012

by Leroy Baker, Tax-News.com, New York 07 August 2012 After Americans for Tax Reform (ATR) pointed out that American individuals winning medals at the Olympics would be liable for United States... Read more >

Category: IRS

Tax Scam: IRS Pays Out Billions in Fraudulent Refunds

Source: cnbc.com - Aug 3, 2012

The IRS is paying out billions of dollars in fraudulent tax refunds to identity thieves; a problem that the tax service’s inspector general told CNBC is a “growing problem” involving numbers... Read more >

Category: IRS

What the IRS Does and Doesn’t Consider a Business Expense

Source: smallbusiness.foxbusiness.com - Jul 31, 2012

When it comes to determining if a transaction is tax deductible, small business owners need to keep one rule in mind: The IRS allows all “ordinary and necessary” business expenses to be... Read more >

Category: IRS

IRS Staffing for Health Care Reform Called into Question

Source: accountingtoday.com - Jul 27, 2012

By Michael Cohn The Internal Revenue Service needs to do a better job of estimating its staffing needs for implementing the Affordable Care Act, according to a new government report. The report,... Read more >

Category: IRS

Prepare for Hurricanes, Disasters by Safeguarding Tax Records

Source: irs.gov - Jul 10, 2012

WASHINGTON — With the early start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking... Read more >

Category: IRS

Obama Repeats Call For Only Middle-Class Tax Cuts

Source: tax-news.com - Jul 10, 2012

by Mike Godfrey, Tax-News.com, Washington 10 July 2012 United States President Barack Obama has repeated his call for the Bush tax cuts to be renewed only for ‘middle class’ Americans, and... Read more >

Category: IRS

IRS steps up scrutiny of tax-exempt political groups

Source: ca.news.yahoo.com - Jul 2, 2012

WASHINGTON (Reuters) - The Internal Revenue Service is signaling that it will increase its scrutiny of tax-exempt political organizations, which are becoming a force in elections by raising tens of... Read more >

Category: IRS

What the health care ruling means to you

Source: cnn.com - Jun 28, 2012

(CNN) -- The Supreme Court's decision Thursday to uphold the Affordable Care Act means that the predictions about how it will affect all Americans remain in place. Read the court ruling (.PDF):... Read more >

Category: IRS

Midyear tax checkup makes extra sense this year

Source: finance.yahoo.com - Jun 28, 2012

CHICAGO (AP) -- Ready or not, big changes lie ahead for virtually every U.S. taxpayer next year. Tax cuts put into place under the Bush administration that slashed rates on wages, dividends and... Read more >

Category: IRS