Politics Jun 24 IRS head says no laws broken in loss of emails 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…
Nation Jun 18 IRS will waive tax evasion penalties — if you can prove it was an accident WASHINGTON — The Internal Revenue Service is offering to waive steep penalties for Americans living abroad who haven't been paying their U.S. taxes.
Politics Jun 17 IRS lost more emails in tea party probe, investigators say 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.
Politics Jun 14 Lawmakers angered by lost emails in IRS probe Congressional investigators are fuming over revelations that the Internal Revenue Service has lost a trove of emails to and from a central figure in the agency's tea party controversy.
Economy Jun 12 House approves permanent tax break for small businesses WASHINGTON — The House voted Thursday to make permanent a generous tax break that makes it easier for small businesses to buy new equipment and improve their property, part of an election-year showdown over a series of expired tax breaks…
Nation Jun 02 77,000 foreign banks share details on U.S. account holders in IRS crackdown 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…
Nation May 09 Baby name trends show parents want their kids to stand out WASHINGTON — When it comes to baby names, blending in is out, and standing out is in. Noah and Sophia top the Social Security Administration’s list of most popular American baby names for 2013, but they don’t begin to approach…
Nation May 05 Tough new IRS penalties set to target Russian banks 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…
Nation Apr 23 IRS workers who don’t pay their taxes still get bonuses WASHINGTON -- The Internal Revenue Service has paid more than $2.8 million in bonuses to employees with recent disciplinary problems, including $1 million to workers who owed back taxes, a government investigator said Tuesday. More than 2,800 workers got bonuses…
Politics Apr 18 IRS audits less than 1 percent of big partnerships The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released Tuesday. That means some of Wall Street's largest hedge funds and private equity firms are largely escaping close scrutiny by the…