IRS To Be Closed
The Internal Revenue Service today reminded taxpayers that, due to the current budget situation including the sequester, the agency will be shut down on Friday, June 14.…
Interest Rates Remain the Same
The Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning July 1, 2013, as in the prior quarter. The rates will be...…
IRS to retire two e-Services products
IRS confirms plans to retire two e-Services products in August Tax practitioners react strongly, petition the IRS to reverse course on e-Services scale back…
Inflation Adjustments For 2013
IRS Releases Inflation Adjustments For 2013The Internal Revenue Service has announced the annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from…
Uncle Sam vs. The Stars
Uncle Sam vs. The StarsLavish meals at the finest restaurants, high-dollar sports cars with all the bells and whistles, and extravagant homes in high-scale neighborhoods – these are things celebrities…
Long Odds
Tax Reform is once more on the agenda for Congress. But Robert Samuelson, columnist for the Washington Post, says that any real reform is unlikely...…
IRS Criminal Report
IRS Releases Criminal Report for 2012The IRS Criminal Investigation (CI) unit has released its Annual Report for fiscal 2012 (see …
$2 Trillion Underground Economy
Estimates are that underground activity last year totaled as much as $2 trillion, according to a study by Edgar Feige, an economist at the University of Wisconsin-Madison. That's double the amount in 2009, according to a study by...…
“I will not tolerate it.”
“I’ve got no patience for it,” he said. “I will not tolerate it.” That was the response of President Barack Obama, who says he learned that Internal Revenue Service employees targeted conservative groups for audits from news reports last week.…
Q&A on 501(c) Organizations
IRS Questions and Answers on 501(c) Organizations[Editor’s note: The questions currently swirling throughout the Treasury Department and the IRS represent a complicated issue whose outcome is not…
