The Internal Revenue Service, trying to recoup some of the estimated $14 billion that companies underpay in employer taxes each year, plans to wage a 3-year campaign to audit 6,000 businesses. The cash-strapped government, which separately said it wa
Rail guns have long been seen as a "Holy Grail" of naval weapons, as the technology promises hypersonic launch velocities without the use of conventional propellants.
IRS Commissioner Douglas Shulman does not file his own taxes in part because he believes the tax code is complex.
Behind the Christmas Eve taxpayer massacre at Fannie and Freddie.
The Internal Revenue Service plans to test, register and screen people who get paid to prepare tax returns, stepping into a virtually unregulated business on which millions of Americans depend for crucial financial services.
Nothing's certain except death and taxes -- but a temporary lapse in the estate tax is causing a few wealthy Americans to try to bend those rules. Starting Jan. 1, the estate tax which grabs half of a person's estate goes away for a year. For familie
This month, as the tax year nears an end, thousands of Arizonans are expected to donate money to private-school tuition groups and claim a tax credit that reduces what they owe the state. Many taxpayers will recommend that their money go to specif
In the back of every Washington politician's mind is this sobering fact: Unless Congress acts, the temporary tax cuts it passed under Bush will expire at the end of next year. If they do nothing Republicans will slam them as tax hikers.
Now that "healthcare reform" is passed, Congress will move into the next phase- how to PAY for all this excessive spending. The most likely approach will be a VAT (Value Added Tax) Add on some "Cap And Trade" and you have a DOOM TRIFECTA!!!
Want to keep IRS auditors away? Keep your earnings under $200,000 and they won't bother you 99 percent of the time. IRS enforcement numbers released, show that returns under that amount have a 1 percent chance of getting audited.
It's all going to hit the fan in 2010 when folks start filing their tax returns.
President Barack Obama said on Wednesday raising taxes or cutting spending would be the "wrong thing to do" next year when the U.S. economy is still fragile and this would be reflected in his budget plan and State of the Union speech.
It's not surprising that megalomaniacs always try to justify their attempts to control and subjugate everyone else. What is surprising--pathetic, really--is how often their victims agree with them.
Federal workers owed more than $3 billion in income taxes in 2008, according to the Internal Revenue Service, a figure down slightly from the year before. The agency reported that 276,300 current and retired federal employees owed $3,042,200,000 in 2
A new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees. The IRS high wealth unit, part of a broader effort to combat intern
The number of federal workers earning six-figure salaries has exploded during the recession — and that's before overtime pay and bonuses are counted. They're enjoying an extraordinary boom time — in pay and hiring — during a recession that has cost 7
A nutrition expert who has advised the U.S. government and health policy makers around the world, says the epidemic of obesity and weight gain sweeping the globe could be slowed dramatically if people include "you are what you drink."
For the third time in my life, the Social Security System will go belly-up. The first time was in 1977 – well, almost. To head off the bust, Jimmy Carter got Congress to pass a major FICA tax increase – sorry, "contribution" increase – in order to
Rachel Porcaro knows she's hardly rich. When you're a single mom making 10 bucks an hour, you don't need government experts to tell you how broke you are. But that's what happened. The government not only told Porcaro she was poor. They said she w
The House voted Thursday to indefinitely extend a 45 percent inheritance tax on estates larger than $3.5 million, canceling a one-year repeal of the tax set to begin next month. A similar effort is afoot in the Senate, but the health care debate t
Corporate executives expect a value-added tax to be considered by the U.S. Congress in the next 5 years. 57% expect Congress to consider legislation, and one-third said they would need at least a year to update their systems to comply.
Congress should consider raising the federal gas tax for the first time since 1993, Transportation Secretary Ray LaHood said Monday during a visit to Fort Worth. LaHood pledged to work with Congress on passing a five-year transportation bill in 20
At the time he pronounced sentence on Danille, Judge Ezra had already sentenced her husband to 15 years in prison. Turning to the subject to her 4 children, Erza insisted it was Danille's duty to teach the children to serve and worship the government
Should we use taxes to deter financial speculation? Yes, say top British officials, who oversee the City of London, one of the world’s two great banking centers. Other European governments agree — and they’re right.
There is no honor among thieves. News of a lien paced on his property brought a quick defense from Schwarzenegger's staff, with a declaration that the governor had paid all his taxes ascribing the glitch to sloppy record-keeping.
Abraham Lincoln levied the country's first income tax to help pay soldiers and buy rifles for the Civil War. Franklin Roosevelt raised taxes as well, to help pay for World War II. Lyndon Johnson tacked a temporary 10 percent surtax on top of no
A House bill still being drafted aims to raise $150 billion each year to pay for new jobs. Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks
The feds had to make an example out of Bob Kahre. He had committed a super no-no. He had exposed the government’s gold-coin, legal-tender claim for the fraud it is.
Any tax imposed on financial transactions would have to take effect internationally to prevent Wall Street jobs and related business moving overseas, U.S. House Speaker Nancy Pelosi said on Thursday. "It would have to be an international rule, not
“We were flooded with people coming in during the final days of the program,” Shulman told reporters on a conference call in Washington today as the U.S. and Swiss governments released a list of criteria used by Switzerland to screen American clients