Sushiko and Altria are two businesses recently in trouble with the IRS for not paying their taxes. Altria Group, the makers of Marlboro based in Richmond, Virginia just announced they are going to pay $500 million in federal and…more
In a move to help taxpayers settle their tax bills more easily, the IRS is allowing more flexibility to those applying for the Oerffer in Compromise (OIC) program. The OIC program allows taxpayers to clear off their tax debts by…more
In a startling report, Indianapolis television station WTHR-TV exposes the scam where millions of illegal aliens obtain tax refunds from the IRS. In brief, these illegals claim child support for allegedly supporting family…more
The 5 owners of the Nifty Fifty’s chain of restaurants were charged by the IRS for tax evasion, according to US Attorney Zane Memeger. The case was announced by Memeger, IRS Acting Special Agent in Charge Akeia Connor with the…more
The IRS has been probing more than 30 state schools and private nonprofit schools such as Harvard University in its latest efforts to ensure tax compliance. The latest blue chip university to be investigated is Cornell…more
The economic recession has made it difficult for many taxpayers to afford paying their taxes. So the IRS has done something to help. On February 24, 2011, the agency created a new program known as the Fresh Start program. To…more
Many people were rejoicing when the Supreme Court decided in favor of Home Concrete & Supply LLC in their dispute with the IRS over the statute of limitations on tax audits. In that landmark case, the highest court in the land…more
Due to the IRS action of taxing foreign assets owned by US citizens, a number of Americans have decided to relinquish their citizenship to avoid paying taxes. Among the more prominent ones is Eduardo Saverin, co-founder of…more
The IRS has been asked to investigate allegations of someone from the inside leaking confidential tax files of an anti-gay marriage group. Both the Huffington Post and gay rights group The Human Rights Campaign published a list…more
Over the next 5 years, the Treasury Inspector General for Tax Administration (TIGTA), Russell George estimates that scammers who masquerade as other people to steal their tax refunds could get away with $26 billion in the next 5…more
Is the IRS winning the battle against tax return fraud? Hardly. Tampa is the city that holds the dubious distinction of having one of the country’s highest incidences of tax return fraud. It is estimated that from Tampa alone…more
For most people, tax season is over for this year. Some may have rushed through and submitted tax returns at the last minute. If you frantically prepare your taxes and submit them at the eleventh hour, chances are you would miss…more
The IRS, along with the US Department of the Treasury, are inviting you to submit your comments on certain provisions of the Patient Protection and Affordable Care Act. There are three provisions you can comment on under…more
The family of the late Lance Corporal Andrew Carpenter is fighting for waiver of a tax bill the IRS imposed on them. 27-year old Lance Corporal Carpenter died of a sniper attack in Germany while on active duty in Afghanistan in…more
Senator Rand Paul (R – Kentucky) opposes changes to the US-Swiss tax treaty that would effectively allow the US government more access to tax information connected to Swiss bank accounts of US citizens. Senator Paul stresses…more
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