Maybe IRS agents checked their pockets and discovered some money they didn't know they had. At any rate, the IRS has announced it is canceling the furlough day initially scheduled for July 22. The offices will be open and fully staffed after all.
The IRS confirms it inadvertently posted Social Security numbers of tens of thousands of Americans on a government website. The identifying numbers relate to transactions by nonprofit political groups known as 527s.
The will left by "The Sopranos'" lead actor James Gandolfini is causing attorneys to scratch their heads. Some can't help but wonder - did the man who accumulated an estate worth about $70 million seek any legal advice at all before making his will?
A California man admitted that for tax years 2007 and 2008, he failed to report approximately $1,843,847 of income, resulting in an additional tax due and owing to the government of approximately $516,277. He faces a five-year prison sentence.
UPDATE: Terrell Owens Clears Massive Tax Debt. Owens had joined a long line of top-earning sports figures who blew through their wealth quickly and ended up broke. According to "Sports Illustrated," this is part of a "financial pandemic" that plagues a lot of top-earning athletes, especially in the NFL.
The common perception is that most of the key provisions included in the Patient Protection and Affordable Care Act take effect in 2014. But employers should be advised that other responsibilities and rights kick in before then.
Work for the IRS and you might be able to get all kinds of free perks, including pornography and electronics, expensive meals, and more - all on the taxpayer's dime. But these items aren't supposed to be free.
With a Democrat in the Oval Office, the screams heard around the country were that the targeting of conservative groups was politically motivated, maybe even ordered by the Obama administration. Now the focus has shifted.
IRS Principal Deputy Commissioner Danny Werfel issued a report June 24 outlining new actions and next steps to fix problems uncovered with the IRS' review of tax-exempt applications and to improve the wider processes and operations in place at the IRS.
A Washington man who advised and assisted others in a common tax fraud scheme, was sentenced June 14 in US District Court in Tacoma to ninety-seven months in prison and three years of supervised release.
Ohio Senator Rob Portman and Louisiana Congressman Charles Boustany Jr. introduced legislation on June 11 that would allow enrolled agents to be able to identify themselves with their Treasury Department-granted credential in any state in the country.
The National Society of Accountants met recently with IRS officials to discuss why the agency is retiring the Disclosure Authorization and Electronic Account Resolution e-services products on August 11 and options to allow these services to be continued.
Melvin Mooring, a Gainesville, Virginia, accountant, was sentenced to six years in federal prison for stealing $3.3 million from the company where he served as the chief financial officer. He had pleaded guilty to wire fraud and tax evasion charges in March.
Who knew what about the "Tea Party scandal" and when? Congress continued to dig deeper into the matter last week as it interviewed staffers from the Cincinnati office of the IRS where "rogue" agents allegedly initiated the actions.
The IRS announced it will retire the Disclosure Authorization and Electronic Account Resolution e-services products August 11. The IRS stated it increased the number of employees and improved its internal processes in response to this change.
An Alabama woman was sentenced to ten years in prison and ordered to pay $1,198,063 in restitution. Rhashema Deramus and those working for her stole people’s identities and used them to file fraudulent tax returns and obtain tax refunds that were not owed to them.
Following a new report from the Treasury Inspector General for Tax Administration turning the spotlight on a 2010 conference in California, the IRS announced it has placed two of its employees on administrative leave for "inappropriate behavior."
According to the testimony of members of six targeted groups given to the House Ways and Means Committee on June 4, the IRS held up applications for tax-exempt status, illegally released donor lists, and generally harassed organization officials.