A computer glitch has sidelined the 'Where's My Refund' feature on the IRS website. The IRS says the 'vast majority' of refunds are still being processed within the typical time frame.
HUNTSVILLE, AL (WAFF) - Internal Revenue Service officials want to warn people about several tax scams, including some that are very popular in the state of Alabama. IRS officials are calling this list the "Dirty Dozen".
WASHINGTON, Feb 15 (Reuters) - U.S. lawmakers on Wednesday reached a sweeping tax cut deal that provides a victory to Democrats and frees Republicans of an issue that threatened to stalk them to the November elections. "The deal is done," a top Re
The Foreign Account Tax Compliance act, or FATCA, is one of the most arrogant pieces of legislation ever conceived. President Obama signed the Act into law in 2010, and there are a some key provisions that are important to understand.
Congressional leaders are gauging lawmakers' reactions to a tentative deal extending a 2 percentage-point payroll tax cut and extra jobless benefits through 2012.
Transportation upgrades for New York's World Trade Center rebuilding would get a $200 million tax credit under President Obama's budget plan proposed, providing support to finish this aspect of the long-delayed project. The annual tax credit for l
Yet this year, as in each of the past three years, Mr. Gulbranson, 57, is counting on a payment of several thousand dollars from the federal government, a subsidy for working families called the earned-income tax credit. He has signed up his three sc
Global airlines called on Sunday for a U.N.-brokered deal to prevent a row over aviation emissions between China and the European Union spilling into a damaging trade war. The call by the head of the International Air Transport Association (IATA)
Millionaires support Warren Buffett’s view that the wealthiest should pay more in taxes, as long as it’s other rich Americans, according to a survey released today.
We have a spending problem in America. This video clarifies the magnitude of just how much we spend, IN JUST ONE YEAR!!
U.S. taxpayers owe an estimated $385 billion in unpaid taxes for 2006, up about a third from the "tax gap" five years before, the Internal Revenue Service said. Despite the wider shortfall voluntary compliance remained steady at 83% for both years,
U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictat
A federal district court judge has given the IRS permission to serve a “John Doe” summons on the California State Board of Equalization demanding the names of residents who transferred property to their children or grandchildren for little or no mone
A muted House Speaker John Boehner announced today that Republicans have decided to accept a short-term extension of the payroll tax cut, preventing a hike in taxes just nine days before the tax break expires for 160 million Americans.
Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center f
Capital will flee the U.S. more quickly as this and other taxes rise in the future — to pay for government spending. It's as if Uncle Sam didn't want us to invest in stocks and business. He'd rather we buy his bonds at a paltry 2% and take a loss due
Republican lawmakers escalated a year-end showdown with the White House, putting off a vote on extending a payroll tax holiday demanded by President Barack Obama until Tuesday.
Fifty more bushels of corn for the king
A decision by Germany to levy a tax on pensions received by Belgians who were slave labourers for the Nazi regime during the Second World War has provoked fury among survivors.
A U.S. law aimed at curbing tax evasion by citizens using foreign accounts could cost large multinational banks as much as $100 million apiece to implement in one-off systems costs, a top asset manager and a tax lawyer told a conference on Friday.
Growing Republican support for raising taxes to help reduce the deficit has prompted a GOP identity crisis, sparking a clash within the party over whether to abandon its bedrock anti-tax doctrine. Tensions have mounted in recent days as two of the
Often it only takes a very simple truth to destroy a complicated lie. Try this out on all your statist friends (or on yourself, if you haven't yet escaped the cult of "government").
The morning news reports the federal government has imposed a new federal tax on Christmas trees. They say the purpose of the tax is so that the federal bureaucracy can use the money to better promote the Christmas tree tradition.
State governments would be able to collect online sales taxes under a bill due to be introduced in the Senate on Wednesday, said sources familiar with the bill. Supporters of the online sales tax collection requirement include Wal-Mart Stores Inc,
President Obama’s Agriculture Department today announced that it will impose a new 15-cent charge on all fresh Christmas trees—the Christmas Tree Tax—to support a new Federal program to improve the image and marketing of Christmas trees.
Credit Suisse AG, Switzerland's second-largest bank, has begun notifying certain U.S. clients suspected of offshore tax evasion that it intends to turn over their names to the Internal Revenue Service, with the help of Swiss tax authorities.
...the latest salvo against offshore financial privacy from the IRS: the requirement to file a tell-all form annually with your tax return detailing “foreign financial assets” with an aggregate value exceeding $50,000.
This excerpt is from Patrick Henry's greatest speech, "Shall Liberty or Empire Be Sought?" where he argued against adoption of the Constitution. Absolutely prophetic, he knew what a strong national government would do. It is past time for this to
Legislation that would trim hundreds of millions of dollars from the Internal Revenue Service budget would force significant cuts in the services it provides taxpayers and cost the government $4 billion annually in lost revenue, the agency warned
The owners of Zuccotti Park - Occupy Wall Street's home base - have pocketed nearly $700,000 in government handouts since the 9/11 terror attacks. Brookfield Properties has received at least 3 six-figure grants meant for small businesses hurt by 9