When concerned taxpayers call the IRS, agency employees have been informed to limit their response to merely confirming that their accounts have been turned over to a private collector. The caller is then to be told to take up additional questions or
I am sorry it has been so long since I wrote. I know that many of you have waited anxiously to know the outcome of my sentencing and to know how we are doing.
The government says taxpayers can get back the last 3 years of the excise tax payments by asking for the money on their 2006 tax returns. The tax collected by phone service providers had been levied without congressional authorization.
Everyone's heard of offshore tax havens - shell games on far-flung islands that save the already-rich millions of dollars. A new IRS report delieverd to the Senate details the extent of such elaborate and lucrative tax-evasion schemes.
[We're the rich.] A Senate committee today plans to criticize multimillion-dollar tax-avoidance schemes used by 4 prominent individuals, to highlight what it concludes is a more than $40 billion-a-year drain on federal coffers by offshore tax sca
Widgets, soft-drink formulas, new drugs: They can all be protected by patents. But did you ever think the clever tax-saving strategy your financial adviser is offering up could be patented as well? Unauthorized use of a patented method might get you
Lawmakers said they were closing in on a deal to stabilize the U.S. system of employer-provided pensions, but were still wrangling over details, including some unrelated to pensions. Massachusetts Sen. Edward Kennedy said negotiators would be gett
The Bush adminstration plans to cut nearly in half the number of audits who review tax returns of some of the wealthiest US taxpayers. Plans call for eliminating 157 of the IRS's 345 estate tax lawyers, the New York Times reported.
[Wouldn't this tax apply to lobbyists too?] Pimps and sex traffickers could soon find themselves being chased by tax collectors, not just the vice squad. Sen. Charles Grassley wants the IRS to chase after pimps and sex traffickers with the same f
In an election-year bid to lock in permanent estate tax relief, the Republican-led House of Representatives passed a bill that would slash rates and exempt all but the richest estates from the tax. The House voted 269-156 for a bill that would exe
The process of collecting taxes is costly to the government and the steps taken by people to minimize the amount of tax they pay place a large burden on the economy -- the government could simply print all the money it needs.
Consumers who use wireless or Internet-based telephones could see their bills rise, as the Federal Communications Commission ordered Internet telephone services like Vonage to contribute part of their revenue into the Universal Service Fund,
On May 12, 2006 in Peoria, Illinois, the attorney for the U.S. Department of Justice (DOJ) begged the court to dismiss all charges against IRS victim Robert Lawrence in federal District Court. The motion for dismissal came on the heels of a surprise
Short of votes needed in the US Senate to permanently repeal inheritance taxes, key Republican and Democratic lawmakers said that they were seeking a compromise that would permanently exempt all but the wealthiest estates from the tax.
Senators voted Thursday to reject a Republican effort to abolish taxes on inherited estates during an election year with control of Congress at stake. GOP leaders had pushed senators to permanently eliminate the estate tax, which disappears in 201
"FOUR STARS" (Highest Rating).The scariest goddamn film you'll see this year. It will leave you staggering out of the theatre, slack-jawed and trembling. Makes 'Fahrenheit 9/11' look like 'Bambi.
The Senate is set to consider legislation (H.R. 8) to repeal the tax, which has been law since 1916, next week. At the time it was first repealed by President Bush, the tax applied only to estates worth more than $1 million. The current plan is to gr
The US Treasury Department conceded a legal dispute over the 3% federal excise tax on long-distance telephone service and said $13 billion would be refunded to taxpayers. [Bet: Individuals won't see a dime.]
There is a nice tax cut waiting for you - that is, if people refer to you as Dr. or "my lawyer," not Mr. or Ms. And possibly, you might notice the relief if you and your spouse make between $100,000 and $200,000 a year. But if you're la
This is a good explanation of how income taxes really works!!
Monday was tax deadline day for most of the nation, and about 15 million filers will miss the deadline this year, the IRS says. The IRS estimates a slight decline in late returns this year because taxpayers have a bit more time. April 15, the trad
Many lawmakers who sit on the tax-writing committees in Congress hire professional preparers to fill out their tax returns, rather than try to decipher by themselves the laws they've written.
Taxes rise and fall from one administration to the next, but the unpopularity of the income tax system is constant. Almost six of 10 people say the system is unfair, a percentage virtually unchanged from two decades ago. [Whatcha gonna do about it?]
Like most Americans, Peter Smith and his wife, Ellyn Stecker, sit down each year to fill out a federal tax form. Then they write a check to the U.S. Treasury for half the sum in the "amount you owe" box. They are among thousands of American
The debate over the estate tax has started to kick into high gear. In an effort to boost their dwindling political fortunes, Sen. Majority Leader Bill Frist (R-TN) and his allies may force a vote on the estate tax next month in the hope they can retu
The IRS has quietly proposed astounding new rules which would allow tax preparers to sell the contents of their client's tax returns to third-party businesses, as long as a requisite form is signed. Historically, tax returns were a strictly priva
The Internal Revenue Service won approval from a federal court to ask PayPal to turn over information about people who might be evading taxes by hiding income in other countries, officials said.
California attorney John Wolfgram, in conjunction with the Constitutional Defender Association and attorney Cyrus Zal, recently submitted an Amicus brief to the U.S. Court of Appeals in Washington, DC arguing on behalf of the We The People Foundation
Aaron Russo’s documentary, “America…From Freedom to Fascism” appears to be having a powerful effect on all who see it -- even news reporters -- as it continues to play before standing room only audiences.
Taxpayer information held by the Internal Revenue Service is at risk of being tampered with or obliterated because of weaknesses in the agency's information security systems, according to the Government Accountability Office.