The percent of individual tax returns audited by the U.S. Internal Revenue Service declined for the second straight year, reaching the lowest rate since 2005.
Tagged with: Internal Revenue Service
Read More »The percent of individual tax returns audited by the U.S. Internal Revenue Service declined for the second straight year, reaching the lowest rate since 2005.
Tagged with: Internal Revenue Service
Read More »The Internal Revenue Service started 1,492 criminal investigations of the use of tax returns to commit identity theft in the year that ended Sept. 30, a 66 percent increase.
Tagged with: Internal Revenue Service
Read More »Wealthy Americans looking to avoid state income taxes are moving billions of dollars in assets to trusts in no-tax states such as Delaware, Nevada and Alaska.
Tagged with: State Income Tax
Read More »The U.S. Senate voted to install John Koskinen as commissioner of the Internal Revenue Service, giving the tax agency its first Senate-confirmed leader in more than a year.
Tagged with: Internal Revenue Service
Read More »U.S. companies could encounter higher borrowing costs under a congressional tax plan that would reverse a 29-year-old policy making it easier for other countries’ residents to invest in U.S. corporate debt.
Read More »U.S. companies would face a minimum tax on the income they earn around the world under a plan released Tuesday by Senate Finance Chairman Max Baucus that marks his most significant proposal to revamp the tax code.
Read More »Until now, same-sex couples in states that recognize gay marriage filed joint state returns as well as separate federal returns declaring themselves single.
Read More »Members of the congressional tax-writing committees are eight times more likely than the average American to own a second home with a mortgage, casting doubt on their eagerness to curb the tax break.
Read More »The Senate Finance Committee will consider revamping the U.S. tax code this year, Chairman Max Baucus said Tuesday, proceeding without a bipartisan agreement on whether the plan should raise additional revenue.
Read More »The Internal Revenue Service used a numerical test for deciding whether nonprofit groups were too political to qualify for a tax exemption, said an agency employee, contradicting a former IRS executive’s statement.
Tagged with: Internal Revenue Service tax exemption
Read More »U.S. lawmakers are considering changes to the tax deductibility of charitable contributions, scrutinizing a benefit that is expected to allow 38.7 million households to claim a deduction for 2012.
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