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Tag Archives: IRS

Obama picks restructuring expert to take over IRS

WASHINGTON — President Barack Obama has chosen a retired corporate and government official with experience managing numerous organizations in crisis to take over an Internal Revenue Service under fire for targeting political groups. Obama said his nominee for commissioner of ...

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Investigator: No sign progressives mistreated

WASHINGTON — The Treasury Department watchdog who detailed Internal Revenue Service mistreatment of tea party groups seeking tax-exempt status says he has no evidence the IRS also mishandled progressive groups’ applications. In a letter obtained Thursday by The Associated Press, ...

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IRS takes steps to combat identity theft

WASHINGTON — The 2014 budget proposal to be released by the White House on Wednesday will include new steps to combat what the Internal Revenue Service says is an exponential growth in tax refund-related identity theft. A preview of the ...

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IRS cracking down on ID theft, tax fraud

MIAMI — With tax filing season heating up, an aggressive Internal Revenue Service crackdown is targeting the growing problem of criminals who use stolen identities to seek tens of thousands of dollars in fraudulent tax refunds. Acting IRS Commissioner Steven ...

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IRS extends deadline for storm-hit taxpayers

WASHINGTON — The IRS is giving taxpayers and tax preparers hit by Hurricane Sandy an extra week to file returns and make payments. The tax agency says the relief will apply mainly to businesses in the storm-impacted Northeast and Mid-Atlantic ...

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IRS eases access to resources online

NEW YORK — The Internal Revenue Service has been revamping its website and has created pages to help small business owners quickly find information and forms they need.   One page, called Recommended Reading for Small Businesses, is a compilation ...

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IRS missing billions in ID theft

WASHINGTON — The Internal Revenue Service may have delivered more than $5 billion in refund checks to identity thieves who filed fraudulent tax returns for 2011, Treasury Department investigators said Thursday. They estimate another $21 billion could make its way ...

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IRS makes changes to OIC program

For the past few years, many tax professionals have been asking the Internal Revenue Service to revise and modernize programs, such as the Offer-in-Compromise, to reflect a depressed economy and help taxpayers with an ever increasing tax burden. Last week, ...

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New tax requirement is cost basis of stock sales

It’s crunch time for certified public accountants, tax preparers and do-it-yourselfers who have some unique challenges to deal with.  A new IRS requirement for the 2011 tax season requires brokerage firms and financial institutions to determine the cost basis of ...

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IRS offers info on small business health care credit

With business tax-filing deadlines fast approaching, the Internal Revenue Service is encouraging small employers that provide health insurance coverage to their employees to check out the small business health care tax credit and then claim it if they qualify. The ...

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IRS unveils new version of smart phone tax help app

The Internal Revenue Service has released IRS2Go 2.0, an expanded version of its smart phone application to provide taxpayers easier access to practical tools and information. The new app, available on the Apple and Android platforms, adds a new YouTube ...

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