Syndicated columnist Mark Shields and Ramesh Ponnuru of National Review join Judy Woodruff to discuss the week’s top news, including how incumbents held their ground against the tea party in last Tuesday’s primaries, Rep. John Boehner’s threat to sue President Obama for abusing presidential powers, as well as accusations swirling around missing IRS emails. Continue reading
Republicans in Congress aren’t buying the contention by the head of the Internal Revenue Service that he has seen no evidence anyone committed a crime when the agency lost emails that might shed light on the targeting of tea party and other political groups before the 2010 and 2012 elections. Continue reading
Eight federal employees connected to the tea party investigation experienced hard drive crashes, resulting in an unknown number of lost emails, Internal Revenue Service Commissioner John Koskinen told lawmakers Friday in an unusually tense congressional hearing. Continue reading
WASHINGTON — The Internal Revenue Service is offering to waive steep penalties for Americans living abroad who haven’t been paying their U.S. taxes.
WASHINGTON — The Internal Revenue Service has lost more emails connected to the tea party investigation, congressional investigators said Tuesday.
The IRS said last Friday it had lost an untold number of emails when Lois Lerner’s computer crashed in 2011. Lerner used to head the division that handles applications for tax-exempt status. Continue reading
Nearly 70 countries have agreed to share information from their banks as part of a U.S. law that targets Americans hiding assets overseas. Participating countries include all the world’s financial giants, as well as many places where Americans have traditionally hid assets, including Switzerland, the Cayman Islands and the Bahamas. Continue reading
Russian banks that buy U.S. securities after July 1 will forfeit 30 percent of the interest and dividend payments. The withholding applies to stocks and bonds, including U.S. Treasuries. Some previously owned securities would be exempt from the withholding, but in general, previously owned stocks would not. Continue reading
WASHINGTON — As millions of Americans race to meet Tuesday’s tax deadline, their chances of getting audited are lower than they have been in years. Budget cuts and new responsibilities are straining the Internal Revenue Service’s ability to police tax … Continue reading