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Tag Archives: IRS

IRS apologizes for seizing bank accounts of small businesses

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 ...

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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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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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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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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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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 ...

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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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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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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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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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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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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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