President Barack Obama recently asked Congress to increase funding for Internal Revenue Service cybersecurity. Trying to get in front of future hacking, the president asked for an extra $242 million, reflecting a more than 70 percent increase over fiscal 2015. According to ...Read More »
WASHINGTON — Investigators are blaming two IRS workers at a computer center in West Virginia for erasing thousands of emails related to the tax agency’s tea party scandal, impeding congressional investigations into the treatment of conservative political groups. The workers ...
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WASHINGTON — The IRS has failed to implement dozens of security upgrades to combat cyberattacks, leaving the agency’s computer systems vulnerable to hackers, a government watchdog told Congress Tuesday. The agency’s inspector general outlined the security weaknesses a week after ...Read More »
Applicable Rates for June 2015 In Rev. Rul. 2015-14, the IRS issued its short-term, mid-term and long-term monthly applicable interest rates and adjusted AFRs for June 2015. Below is a summary of those rates. Applicable Federal Rates (AFR) short: 0.43% ...Read More »
WASHINGTON — Cash-strapped Americans anxious for tax refunds are increasingly turning to payment advances, prepaid cards or other costly services when getting tax preparation help, according to new federal data raising concerns among regulators about whether consumers are fully informed ...Read More »