Sep 14 Pay your taxes, but don't send IRS that $100 million check By Stephen Ohlemacher, Associated Press No checks, please. Starting next year, your check won't be any good at the IRS — if you're making a tax payment of $100 million or more. Continue reading
Jul 21 7.5 million Americans paid fine for having no health insurance in 2014 By Phil Galewitz, Kaiser Health News About 7.5 million Americans paid an average penalty of $200 for not having health insurance in 2014 — the first year most Americans were required to have coverage under the Affordable Care Act, the Internal Revenue Service says. Continue reading
Jun 02 Government watchdog says IRS vulnerable to computer hackers By Stephen Ohlemacher, Associated Press The IRS has failed to implement dozens of security upgrades to combat cyberattacks, leaving the agency's computer systems vulnerable to hackers, a government watchdog told Congress on Tuesday. Continue reading
Apr 13 Watch 8:49 Are budget cuts and Obamacare confusion causing IRS bottleneck? By PBS News Hour Continue watching
Mar 31 IRS commissioner says backlog of 60,000 applications for tax-exempt status is gone By Alan Fram, Associated Press The head of the IRS says his agency has eliminated a huge processing backlog of groups seeking tax-exempt status. Continue reading
Sep 08 Treasury wants to make overseas inversions less profitable for U.S. corporations By Stephen Ohlemacher, Associated Press A growing number of U.S. companies are shifting their addresses abroad in an effort to reduce their U.S. taxes. The maneuver is known as a corporate inversion. Continue reading
Sep 05 IRS can't find emails for 5 more employees in congressional probe By Stephen Ohlemacher, Associated Press On Friday, the IRS issued a report to Congress saying the agency also lost emails from five other employees related to the probe, including two agents who worked in a Cincinnati office processing applications for tax-exempt status. Continue reading
Jun 24 Watch Missing IRS emails prompt cover-up allegations from Republican lawmakers By PBS News Hour A political fight over the targeting of conservative groups by the Internal Revenue Service escalated when the IRS said it had lost thousands of emails when a former official’s computer crashed. Jeffrey Brown talks to Rep. John Mica, R-Fla., and… Continue watching
Apr 14 Chances of being audited by IRS lowest since 2005 By Stephen Ohlemacher, Associated Press 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