Jun 14 Lawmakers angered by lost emails in IRS probe By Stephen Ohlemacher, Associated Press 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. Continue reading
Jun 02 77,000 foreign banks share details on U.S. account holders in IRS crackdown By Stephen Ohlemacher, Associated Press 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… Continue reading
May 05 Tough new IRS penalties set to target Russian banks By Stephen Ohlemacher, Associated Press 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… Continue reading
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
Apr 05 Organization offers free tax help By PBS News Hour The Volunteer Income Tax Assistance Program is a nationwide organization of tax preparers available to help low-income taxpayers. Last year alone, VITA helped prepare almost one and a half million individual tax returns completely free of charge. Continue reading
Apr 05 Watch Is your tax preparer actually prepared? By PBS News Hour Each year about 42 million tax returns are prepared by tax professionals who are unaccredited and unregulated by the IRS. After a plan to regulate them was struck down by a federal court last year, there's more regulation on hairdressers… Continue watching
Mar 05 Former IRS official refuses to testify on agency’s targeting of conservative groups By Stephen Ohlemacher, Associated Press WASHINGTON — The former Internal Revenue Service official at the heart of the agency’s tea party scandal once again refused to answer questions at a congressional hearing Wednesday that quickly devolved into political bickering between Democrats and Republicans. Lois Lerner… Continue reading
Feb 26 Watch Swiss banking giant refuses disclosure in Senate grilling on tax evasion By PBS News Hour Continue watching
Aug 29 Watch IRS Says Same-Sex Couples Entitled to Same Tax Benefits as Straight Couples IRS Says Same-Sex Couples Entitled to Same Tax Benefits as Straight Couples… Continue watching