Articles Tagged 'Internal Revenue Service'

Feds snooped on tax records of candidates, donors; Justice won’t prosecute

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July 16, 2013
The Treasury Department has admitted for the first time that confidential tax records of several political candidates and campaign donors were improperly scrutinized by government officials, but the Justice Department has declined to prosecute any of the cases. Its investigators also are probing two allegations that the Internal Revenue Service “targeted for audit candidates for public office,” the Treasury’s inspector… READ MORE

IRS aims to clarify investment income tax under healthcare law

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December 4, 2012
(Reuters) – The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform law. The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied… READ MORE

ME: LePage calls IRS the ‘new Gestapo’

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July 9, 2012
Online Sentinel Gov. Paul LePage used his weekly radio address to blast President Obama’s health care law and described the Internal Revenue Service as the “new Gestapo.”
The IRS description was a reference to a provision in the Affordable Care Act that requires Americans not insured by their employers or Medicaid to buy health insurance or pay an… READ MORE

Marylanders move in droves to Virginia

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July 5, 2012
By Emily Hatton and Elizabeth Sallie-The Washington Times Maryland lost the most residents in the mid-Atlantic between 2007 and 2010 — and many of them moved to Virginia, according to a study released Tuesday.
Almost 40,000 Marylanders crossed the Potomac River for new homes in Virginia, taking $2.17 billion with them, according to the Internal Revenue Service data used… READ MORE

Numerous Tea Party chapters claim IRS attempts to sabotage nonprofit status

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February 29, 2012
By Perry Chiaramonte, Fox News Tea Party chapters around the nation are blasting the Internal Revenue Service after the federal agency sent them letters demanding information about their politics, contributors and even family members.
In letters sent from IRS offices in Cincinnati earlier this month, chapters including the Waco (Texas) Tea Party and the Ohio Liberty Council were asked… READ MORE

The IRS’s vast new ObamaCare powers

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July 18, 2010
The Wall Street Journal If it seems as if the tax code was conceived by graphic artist M.C. Escher, wait until you meet the new and not improved Internal Revenue Service created by ObamaCare. What, you’re not already on a first-name basis with your local IRS agent?
National Taxpayer Advocate Nina Olson, who operates inside the IRS, highlighted the… READ MORE

IRS starts mopping up Congress’s tax-reporting mess

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July 11, 2010
By Neil deMause, CNN NEW YORK (CNNMoney.com) — With a new mandate looming that will require business owners to file millions more tax forms, the Internal Revenue Service has begun the daunting process of figuring out how to turn the law’s sweeping demands into actual rules for taxpayers.
The new regulations, which kick in at the start of 2012,… READ MORE

Hundreds in prison get home credits

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June 24, 2010
By Stephen Ohlemacher ASSOCIATED PRESS Living in prison didn’t stop nearly 1,300 inmates from cashing in on a popular tax break for first-time home buyers, a government investigator reported Wednesday. Their take: more than $9 million.
In all, more than 14,100 tax filers improperly received at least $26.7 million in tax credits meant to boost the nation’s slumping housing… READ MORE

IRS could tap refunds for health insurance penalties

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April 7, 2010
By Kim Dixon WASHINGTON, April 5 (Reuters) – The Internal Revenue Service could tap individual tax returns to collect fines against people who fail to buy health insurance as required under recently enacted healthcare legislation, the U.S. tax commissioner said on Monday.
Most individuals are required to get health insurance under the new law, or face penalties that would… READ MORE

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