WASHINGTON — Pressured by Congress, the IRS said Wednesday it is changing its policies and apologizing for seizing banks accounts from otherwise law-abiding business owners simply because they structured bank transactions to avoid federal reporting requirements. Their alleged crime: routinely ...
Read More »Free filing available to most Americans
Free federal tax preparation and e-filing software is available to all Americans with a 2015 adjusted gross income of $60,000 or less. Accessible only through www.IRS.gov/FreeFile, Free File is the one place where taxpayers can choose from a variety of ...
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Read More »IRS cuts taxpayer services; filing returns gets harder
WASHINGTON — The IRS is cutting taxpayer services to historically low levels just as President Barack Obama’s health law will make filing a federal tax return more complicated for millions of families. Got a question for IRS? Good luck reaching ...
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Read More »Probe fails to link IRS scandal to White House
WASHINGTON — A House Republican investigation faults senior IRS officials in the mistreatment of conservative groups that applied for tax-exempt status, but could find no link to the White House, according to a report released Tuesday. The probe isn’t over, ...
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Read More »Federal judge orders IRS to explain lost emails
WASHINGTON — A federal judge ordered the IRS on Thursday to explain under oath how it lost a trove of emails to and from a central figure in the agency’s tea party controversy. U.S. District Judge Emmet G. Sullivan gave ...
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Read More »Archivist: IRS didn’t follow law on lost emails
WASHINGTON — The Internal Revenue Service did not follow the law when it failed to report the loss of records belonging to a senior IRS executive, the nation’s top archivist told Congress on Tuesday. “Any agency is required to notify ...
Read More »IRS head defiant, GOP interrogators skeptical
WASHINGTON (AP) — Defiant before skeptical Republicans, the head of the IRS refused to apologize Friday for lost emails that might shed light on the tax agency’s targeting of tea party and other groups before the 2010 and 2012 elections. ...
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Read More »Interest rates remain the same
The Internal Revenue Service on Monday announced interest rates will remain the same for the calendar quarter beginning July 1. The rates will be: • 3 percent for overpayments (2 percent for corporations); • 3 percent for underpayments; • 5 ...
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Read More »US to unleash IRS on Russian banks
WASHINGTON (AP) — As the United States attempts to punish Russia for its actions in Ukraine, the Treasury Department is deploying an economic weapon that could prove more costly than sanctions: the Internal Revenue Service. This summer, the U.S. plans ...
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Read More »IRS offers ACA tax tips
The Internal Revenue Service is offering educational health care tax tips to help individuals understand how the Affordable Care Act may affect their taxes. The IRS has designed the tips to help people understand what they need to know for ...
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Read More »Attorney sentenced for filing false tax returns
Lisa M. Yaeger, 50, of Buffalo, who was convicted of submitting false documents to the Internal Revenue Service, has been sentenced by U.S. District Judge Richard J. Arcara to time served and six months supervised release. Yaeger, according to Assistant ...
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Read More »IRS stops tax refunds during shutdown
That tax refund check won’t be in the mail — at least for now. As the federal government cuts back services during the partial shutdown, the Internal Revenue Service is continuing to accept income tax filings, but is no longer ...
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