The federal lawsuit, filed on Tuesday, said the IRS’s new Annual Filing Season Program is “unlawful” and an attempt to bypass two courts’ rulings that prevent the agency from mandating continuing education and competency testing of unlicensed tax return preparers.
According to a new report from economic and financial consulting firm Cornerstone Research, 47 accounting class-action lawsuits were filed against companies in 2013, up slightly from the 46 filed in 2012.
MF Global Holdings claims PwC's “erroneous accounting advice” resulted in its failed investment in billions of dollars of European sovereign debt instruments and contributed to the brokerage firm filing for bankruptcy in 2011.
The IRS scandal involving applications for tax-exempt status by Tea Party groups refuses to go away. Now the ACLJ has filed a lawsuit on behalf of twenty-five Tea Party and other conservative organizations against the IRS and several of its top officials.
Twenty-seven investors, including Saints coach Sean Payton, wanted to reduce their overall state income tax liabilities by investing in movie production tax credits. But the film studio was defunct, and the tax credits didn't exist.
The IRS has come under fire recently for reportedly authorizing intrusions into e-mails and online postings without obtaining a search warrant. Now it appears medical records might not be safe from the prying eyes of the nation's tax collection agency.