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Tax News

News on Tax continually updated from thousands of sources around the net.

2 hrs ago | The Fresno Bee

Ex-Fresno IRS employee charged with ID theft of co-workers

Federal prosecutors say a former Fresno IRS employee stole the identities of her co-workers and opened credit cards to go on shopping sprees with friends.

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Related Topix: Fresno County, CA, Parlier, CA, Fresno, CA

6 hrs ago | Ledger-Enquirer.com

Advocacy group: People getting health subsidies OK

A divided panel of the federal appeals court in Washington, D.C., ruled Tuesday that the law authorizes tax credits only for people who buy insurance through state-established markets.

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Related Topix: Health Insurance, Health

10 hrs ago | Church Executive

IRS agrees to monitor churches for electioneering

RELIGION NEWS SERVICE -The Internal Revenue Service said it will monitor churches and other houses of worship for electioneering in a settlement reached with an atheist group.

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14 hrs ago | KCBD-TV Lubbock

Obamacare hit by ruling, but subsidies to continue

A federal appeals court delivered a potentially serious setback to President Barack Obama's health care law Tuesday, imperiling billions of dollars in subsidies for many low- and middle-income people who bought policies.

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Related Topix: Healthcare Law, Law, US Politics, US News, Barack Obama, District of Columbia Circuit Court of Appeals

14 hrs ago | Bradenton.com

Appeals court undercuts key tax plank in health care law

In a highly anticipated 2-1 ruling, the U.S. Court of Appeals for the D.C. Circuit concluded the Internal Revenue Service stretched the law's ambiguous language too far in allowing subsidies through the HealthCare.gov website.

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Related Topix: Healthcare Law, Law, District of Columbia Circuit Court of Appeals, US News

16 hrs ago | Christian Science Monitor

Why states should have expected tax payments to fall

A woman counts her US dollar bills at a money changer in Jakarta June 13, 2012. In several states, some governors were caught off guard by how personal income tax payments fell well below expectations.

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21 hrs ago | Rediff.com

Delay in filing income tax returns may hurt your financials

And, this could hurt them. "All taxes one pays, even those by way of TDS , is credited to one's PAN account.

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Mon Jul 21, 2014

The CPA Technology Advisor

Fire Commissioner, Tax Preparer Pleads Guilty to 280 Fraud Counts

On his Facebook page, Kyle Baxter advertised that he would complete and file tax returns for $40.

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Related Topix: Fire, Olympia, WA, Thurston County, WA

RedState

IRS: Maybe Lois Lerner Emails Aren't So "Lost" After All, Oh, And We Lost a Few More Too

The IRS just can't get anything straight. The Obama IRS appears to now be backtracking on just how "lost" Lois Lerner's emails are.

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Ledger-Enquirer.com

Senate panel: Banks helped hedge funds skirt taxes

The probe by the Senate Permanent Subcommittee on Investigations will be the subject of a daylong hearing on Tuesday and also spells more trouble for the embattled Internal Revenue Service.

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Related Topix: Banking, Financial Services, Deutsche Bank AG, US News, US Senate, Democrat, US Politics, Carl Levin, Home, Mortgage, Personal Finance

ABC 27

3 charged with evading over $1M in employment taxes

A federal grand jury has indicted three Harrisburg men on charges they took part in a tax scheme that resulted in more than $1 million in losses to the Internal Revenue Service.

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Related Topix: Harrisburg, PA

Forbes.com

Swiss Walgreens? $4 Billion Tax Cut At Corner Of Happy, Healthy & Tax-Free

Walgreens is the U.S.'s largest pharmacy retailer with 8,200 stores across 50 states.

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Related Topix: Walgreens, Retail, Europe, World News, United Kingdom

The Washington Post

A rockera s false a one percenta tax facts

"The 1 percent pays 80 percent of all taxes. Fifty percent of the population of the U.S. pays no taxes.

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Related Topix: Kiss, Pop/Rock, The Beatles, US Politics, US News, Mitt Romney, Social Security, Personal Finance

Sunherald.com

Colin Hanna: The time is right to repeal the federal income tax

Ahigh-level official of the Internal Revenue Service declares her innocence before a congressional committee and then asserts the Fifth Amendment right that she had effectively just waived.

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Related Topix: Prison, US Supreme Court, US News

Sun Jul 20, 2014

Examiner.com

Tea party viewpoint discrimination suits against IRS to move forward

One of the fronts in the struggle to bring the IRS to account for the harassment of tea party and conservative groups has been a number of civil law suits that have been filed against the tax agency and some IRS officials like Lois Lerner by some of the same groups.

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Las Vegas Newstrip

Making The Right Choices When Incorporating A New Venture

If you're passionate about starting a new business, you may have the urge to jump right in without considering several key factors.

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Related Topix: Healthcare Law, Law, Small Business, Personal Finance, Social Security

Sister Toldjah

#IRS under oath: Lerner's hard drive destroyed to 'protect taxpayer info'

The IRS said under oath Friday that former agency official Lois Lerner's hard drive was destroyed and recycled, echoing earlier testimony from its commissioner.

1 comment

Sacramento Bee Newspaper

Claudia Buck: Identity thieves exploit changes in federal law to file phony tax returns

Identity theft – using stolen names, address and/or Social Security numbers to commit tax fraud – is a costly, complex task facing IRS investigators.

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Related Topix: Criminal Defense Law, Law, Social Security, Personal Finance, California

Cincinnati.com

Do tax cuts create jobs?

Do tax cuts create jobs? Economists have debated for decades whether tax cuts lead to jobs and can't find a clear consensus.

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Related Topix: US Politics, US News, US Senate, Republican, Senator Rand Paul, University of Chicago

Sacramento Bee Newspaper

State's job growth defies predictions after tax increases

Dire predictions about jobs being destroyed spread across California in 2012 as voters debated whether to enact the sales and, for those near the top of the income ladder, stiff income tax increases in Proposition 30. Million-dollar-plus earners face a 3 percentage-point increase on each additional dollar.

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Related Topix: California, Small Business, Sacramento, CA, Personal Finance, Opinion

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