irs

When a tax audit isn't an audit, and why you should care

USATODAY.com Money - Block  Mon, 02/06/2012 - 18:04

Only 1.1% of taxpayers are audited every year, but that doesn't mean you have nothing to fear. Other ways the IRS goes after taxpayers.


 

IRS comes up $385 billion short

Economic news - CNNMoney.com  Fri, 01/06/2012 - 17:22

Close to 15% of federal taxes -- or $385 billion -- went unpaid in 2006, according to new estimates by the IRS.


 

IRS Identifies Charities That Have Lost Tax-Exempt Status

PND - Philanthropy News Digest  Thu, 06/09/2011 - 23:20

The Internal Revenue Service has revoked the tax-exempt status of some 275,000 nonprofit organizations, the vast majority of which are believed to be defunct....


 

Tips for taxpayers in case the IRS calls

USATODAY.com Money - Block  Mon, 04/18/2011 - 19:19

Any missive from the IRS looks ominous, so here's what you should do if you hear from the IRS after you've filed your tax return.


 

Government shutdown: White House details consequences

Economic news - CNNMoney.com  Wed, 04/06/2011 - 10:39

If the government closes shop on Friday, the IRS will stop processing paper tax returns, the Small Business Association will stop making loans and federal home loan guarantees will be put on hold.


 

IRS loosens triggers on tax liens, but avoiding them is best

USATODAY.com Money - Block  Mon, 02/28/2011 - 19:21

The IRS is significantly reducing the number of liens it issues, and will make it easier for taxpayers with liens to get out from under them ...


 

What are tax itemizers to do until IRS can process returns?

USATODAY.com Money - Block  Mon, 01/24/2011 - 19:42

The IRS won't start processing tax returns that claim itemized deductions until Feb. 14, but you don't have to sit on your hands until then.


 

50 million taxpayers must delay filing - IRS

Economic news - CNNMoney.com  Fri, 12/31/2010 - 10:16

Itemize your tax deductions? Itching for a refund? You're going to have to wait.


 

Foundation Created by Johnny Carson Receives $156 Million Beques...

PND - Philanthropy News Digest  Tue, 08/10/2010 - 23:20

According to a tax return received by the IRS in May, the John W. Carson Foundation received $35.2 million in cash and $121.2 million in securities and royalty rights from the John W.

Carson Trust during the fiscal year that ended last June....


 

IRS: Too much punishment, not enough help

Economic news - CNNMoney.com  Wed, 07/07/2010 - 12:19

The Internal Revenue Service is too busy trying to punish taxpayers instead of helping them navigate the complex tax system, according to an advocate body that's part of the IRS.