IRS

Stories 61 - 80 | << Prev   Next >>

In Shutdown, a 'Wrench' in Getting Your Tax Refund?

IRS employees who process tax refunds are among first to be furloughed

(Newser) - The Internal Revenue Service may not be anyone's favorite government agency, but many taxpayers may be pulling for it to regain full staffing over the next few weeks. That's because tax refunds may be delayed this year, thanks to the partial government shutdown, USA Today reports. Per a...

Happy Tax Day; IRS Online Payment Site Is Down
Tax Day Is Now
Tomorrow
updated
Apr 17, 2018 7:01 PM CDT

Tax Day Is Now Tomorrow

After IRS online payment site fails

(Newser) - The IRS is giving all taxpayers an extra day to file after its website went down on deadline day, the AP reports. The agency announced that individuals and businesses with a filing or payment that was due Tuesday now have until midnight Wednesday. It said no additional paperwork is needed...

He Paid the IRS $500M Last Year. This Year, It's $1B

John Paulson's bill for his big bet on subprime mortgages has come due

(Newser) - If you find yourself forced to write a check to the IRS come April 17, know that John Paulson feels your pain—and owes more than can fit on a single check. Paulson put down big stakes against subprime mortgages before the 2008 crash and earned billions in the process....

Using Contractors to Collect $6.7M Cost IRS $20M

Watchdog says program is harming taxpayers

(Newser) - The Internal Revenue Service's outsourcing of tax debt collection is costing the IRS about $3 for every $1 it brings in, according to a report from a federal watchdog. National Taxpayer Advocate Nina Olson, head of the Taxpayer Advocate Service, said in her annual report to Congress Wednesday that...

Mueller Probe May Have Joined Forces With the IRS

It's one way to get to Trump's tax returns

(Newser) - In his investigation of alleged Russian election meddling, Special Counsel Robert Mueller has reportedly teamed up with the agency that brought down Al Capone: the Internal Revenue Service. Sources tell the Daily Beast that the former FBI director is now working with members of the IRS Criminal Investigation Division, which...

A US Senator Just Raised a Man From the Dead

The IRS wrongly declared Adam Ronning dead 29 years ago

(Newser) - For everyone who says Congress doesn't get anything done: A US senator just raised a Minnesota man from the dead. KMSP reports the IRS wrongly declared Adam Ronning dead 29 years ago when he was just 4 years old. Despite this, Ronning continued to pay taxes every year as...

'Bad Optics' for Trump: Big Backer in Showdown With IRS

Billionaire Robert Mercer's hedge fund fighting $7B in back taxes

(Newser) - Two key facts about billionaire Robert Mercer: He is, in the words of a recent New Yorker profile, the "reclusive hedge-fund tycoon behind the Trump presidency." Second, the IRS is going after his Renaissance Technologies fund for nearly $7 billion in back taxes. All of which sets up...

Howard Stern, IRS Sued for Broadcasting Conversation

Woman says tax talk was heard by 1.2M listeners

(Newser) - Taxpayers who call the IRS for advice should have a reasonable expectation that their call will not be broadcast on Howard Stern's radio show, according to a lawsuit filed in Massachusetts this week. In the lawsuit, Judith Barrigas says she called the IRS to discuss a private tax matter...

Tax Refunds Delayed for Low-Income Families

IRS needs more time to guard against identity theft

(Newser) - The IRS is delaying tax refunds for more than 40 million low-income families this year as the agency steps up efforts to fight identity theft and fraud. The delays will affect families claiming the earned income tax credit and the additional child tax credit. These tax breaks are geared to...

Seeking Good PR, IRS Busted With Wrong Capone Gun

After input from readers, the IRS has gotten its story straight

(Newser) - It was a story the Internal Revenue Service needed to get right, a we-done-good look back at the 1931 conviction of legendary gangster Al Capone for tax evasion—a feat they pulled off when no one else could get him on any other charges. Hoping for some good press, the...

The Genius Way People Are Paying Nelly's $2.6M Tax Bill

By streaming 'Hot in Herre' and other Nelly hits about 287.2M times

(Newser) - Cornell Iral Haynes Jr. is in trouble with the taxman, but you may be able to help. You also might be more inclined to lend a hand if you recognize Mr. Haynes by his stage name, Nelly, and realize that it would take just a few minutes on Spotify to...

Trump Camp: He's Not Releasing His Taxes

Spokesman again cites audit as Trump himself denies ties to Russia

(Newser) - Rumors swirling that Donald Trump may have teamed up with Vladimir Putin to take down Hillary Clinton are just that—rumors, says the Republican nominee. "I don't know anything about it … It's ridiculous," Trump tells CBS News . "I mean I have nothing to do...

Trump: Here's Why I Won't Release My Tax Returns

Presidential candidate talks about the audit thing

(Newser) - Donald Trump is sticking to his new explanation for why he can't yet release copies of his recent tax returns: The IRS is auditing him, as Trump says it has for the past 12 years. "No lawyer would ever allow you to release a tax return while you'...

April 15 Comes on April 18 This Year

Little-known holiday gets taxpayers a grace period

(Newser) - Taxpayers nationwide will get a few days' grace this year to file their returns thanks to a little-known holiday in the nation's capital. And the head of the IRS promises 1,000 more customer services representatives will be available to ease waiting times on information lines. IRS Commissioner John...

Massive IRS Scam Nearly Claims Ivy League Reporter

Lisa Bennett has written about scams before, but almost fell for this one

(Newser) - When Ivy League-educated journalist Lisa Bennett, who has covered scams among other money-related topics, got a call from the IRS earlier this year, she was told she owed $5,347 in back taxes and that the police were coming to get her. Her first reaction was relatively logical—"That’...

Tax Dodgers: Feds Could Soon Snatch Your Passport

If measure passes, 'seriously delinquent' taxes could mean no passport

(Newser) - If lawmakers push a provision through in December, US citizens who owe back taxes will have more to worry about than accumulating debt. As part of a transit and highway funding bill currently being negotiated in Congress, the provision would allow the feds to revoke, deny, or limit a person'...

House GOP Trying to Impeach IRS Chief

Move comes after Justice Department wraps up investigation

(Newser) - Now that the Justice Department has decided not to file criminal charges in the IRS scandal over the scrutiny of conservative groups, House Republicans have moved to take action of their own: impeachment. A powerful House committee has advanced a measure to impeach IRS chief John Koskinen, reports the Washington ...

Ex-IRS Official Won't Be Charged in Tea Party Scandal

Justice Dept. declines to charge Lois Lerner

(Newser) - The Justice Department is declining to bring charges against Lois Lerner, the former IRS official at the center of a political controversy over the processing of applications for tax-exempt status. Federal prosecutors announced their decision Friday in a letter to members of Congress. A firestorm erupted more than two years...

IRS Now Recognizing All Same-Sex Marriages

Treasury Dept. agrees: 'husband,' 'wife' apply to gay couples too

(Newser) - The IRS is making it official: The tax agency says it will now recognize same-sex marriages regardless of where they were performed. The IRS and the Treasury Department also said they will interpret the terms "husband" and "wife" to apply to same-sex spouses as well as opposite-sex spouses....

IRS: We No Longer Accept Checks Over $99,999,999

Super-rich will just have to pay electronically

(Newser) - Owe the tax man $100 million or more? Your check is no good at the IRS. Starting next year, the IRS says it will reject all checks for more than $99,999,999. That's because check-processing equipment at the nation's Federal Reserve banks can't handle checks that...

Stories 61 - 80 | << Prev   Next >>
Most Read on Newser