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Microsoft plans to contest a US Internal Revenue Service request for an additional $28.9 billion in back taxes for the years 2004 to 2013, the company said in a securities filing Wednesday. The demand is the result of a yearslong audit by the IRS into Microsoft’s past accounting practices. In particular, the agency took issue with how the company “allocated profits … among countries and jurisdictions,” Microsoft said in the filing. “The IRS says Microsoft owes an additional $28.9 billion in tax for 2004 to 2013, plus penalties and interest,” the company said. It noted that the IRS’s determination is...

Republicans say a new non-partisan report indicates President Joe Biden improperly avoided paying Medicare taxes before he took office — raising eyebrows and the possibility that he owes the IRS as much as $500,000 in back taxes. Biden is leading a Democratic push for a $3.5 trillion bill to subsidize childcare, education and health care by targeting tax avoidance and raising tax rates on higher incomes so the rich “pay their fair share.” A House Ways and Means Committee draft of the bill would end the accounting trick apparently exploited by Biden and boost IRS funding for audits — but...

President Trump responded to MSNBC host Rev. Al Sharpton saying he is headed to Baltimore, shredding the former Democratic Party candidate as a conman who hates cops and white people. Sharpton’s trip to Baltimore comes after Trump blasted Rep. Elijah Cummings (D-MD), whose House District includes West Baltimore, for the city’s horrible living conditions. Trump in turn has been attacked by Democrats and the media with the smear “racist”.

President Trump laid into the Rev. Al Sharpton on Monday, calling him a “con man, a troublemaker” after the civil rights activist announced he would hold ​a ​news conference to talk about the president’s comments about Baltimore. ”I have known Al for 25 years. Went to fights with him & Don King, always got along well. He loved Trump! He would ask me for favors often& Trump wrote on Twitter about the founder of the National Action Network. “Al is a con man, a troublemaker, always looking for a score. Just doing his thing. Must have intimidated Comcast/NBC. Hates Whites...

I have known Al for 25 years. Went to fights with him & Don King, always got along well. He “loved Trump!” He would ask me for favors often. Al is a con man, a troublemaker, always looking for a score. Just doing his thing. Must have intimidated Comcast/NBC. Hates Whites & Cops!

This is actually a good news story, but only if you’re a law-abiding, taxpaying American citizen.If, however, you’re among more than a third of a million Americans in a tax delinquent category, well, then this is not a good news story.It seems Congress passed a law three years ago requiring the Internal Revenue Service to cull out Americans who have more than $51,000 in overdue back-tax debts. Then, the IRS sends those names in batches over to the State Department where they file the names to deny those folks new passports or passport renewalsEventually, they may be cancelling existing...

IRS officials provide new details on enforcement of law Congress passed in late 2015 At least 362,000 Americans with overdue tax debts will be denied new or renewed passports if they don’t settle these debts, the Internal Revenue Service says. Recently IRS officials have provided new details on the enforcement of a law Congress passed in late 2015. It requires the IRS and State Department to deny passports or revoke them for taxpayers who have more than $51,000 of overdue tax debt. Enforcement began in February. An IRS spokesman says the 362,000 people are current tax debtors who are affected...

Democrats are fond of accusing Republicans of being hypocrites on a variety of issues, but particularly when it comes to tax policy. The liberal comedian Bill Maher recently claimed that Republicans expose themselves to this critique when they champion the value of hard work and perseverance while simultaneously opposing the inheritance tax. “If the tough love of cutting off free money for the poor is the right thing to do, how can we stand by and do any less for the Conrad Hiltons of the world? They’ve never known the dignity of work either,” Maher insisted recently. “Shouldn’t we...

Federal employees owed more in delinquent taxes last year than any year in the past decade, costing the Internal Revenue Service $1.4 billion in 2014. The 113,805 civilian government employees who declined to pay all of their taxes last year would be ineligible to work for federal agencies under a House bill introduced last week that would hold officials accountable for evading taxes. ... It is disconcerting that federal civilian employees owe more than one billion dollars in back taxes," said Rep. Jason Chaffetz, R-Utah, chairman of the House Oversight and Government Reform Committee. "These employees are not exempt from...

A watchdog group has found that IRS employees who owed back taxes were still paid $1 million in bonuses. Read more about this story below, via FoxNews.com: The report by the Treasury Inspector General for Tax Administration found that while for the most part the reward program for IRS workers complied with federal regulations, employees who had themselves failed to pay their federal taxes and had discipline problems were also rewarded.

“Historians and pundits always say that the first real decision a governor makes is the one of running mate,” Cuyahoga County Executive Ed FitzGerald, Ohio Democrats’ likely nominee for governor next year, wrote to supporters when he announced he had chosen state Sen. Eric Kearney (D) as his running mate. FitzGerald may be starting to wish voters weren’t paying attention to his first gubernatorial decision. That’s because, in the two weeks since joining the ticket, Kearney has been under almost constant barrage for owing back taxes to the Internal Revenue Service. And the campaign’s response to the revelations about their...

Nearly 700 employees of Internal Revenue Service contractors owe $5.4 million in back taxes, said a report Wednesday by the agency’s inspector general. More than half of those workers are supposed to be ineligible to do work for the IRS because they are not enrolled in installment plans to pay the taxes they owe. Unlike other federal agencies, the IRS requires employees and those who work on agency contracts to comply with federal tax laws. That means they have to file returns on time and either pay all the taxes they owe or enroll in a payment plan. …

Many people are very optimistic regarding the possibility of a comprehensive immigration bill passing through Congress and being signed by the President. The prospects are good, but there are many stumbling blocks ahead. If we heed a couple of simple principles, we will be able to revamp a broken system that does not serve the American people. There are many challenges that have developed in the 27 years since we last passed a comprehensive law to deal with immigration. We have an almost nonexistent ability to track people who come here on restricted visas and do not comply with the...

The Senate immigration bill’s authors acknowledged Tuesday that their legislation does not require illegal immigrants to pay all back taxes, saying it would be too difficult to make them ante up everything they might owe. Sen. Charles E. Schumer, the New York Democrat who is chief sponsor of the bill, said illegal immigrants by definition are living in the shadows, and requiring them to reconstruct their pay history could be tough — and potentially keep many of them from legalization. “We all realize that the system is broken. We all realize that people did wrong things. And the goal is...

Attorneys for jailed former Swiss banker Bradley Birkenfeld announced Tuesday that the IRS will pay him $104 million as a whistleblower reward for information he turned over to the US government. The information Birkenfeld revealed detailed the inner workings of the secretive private wealth management division of the Swiss bank UBS (UBS), where the American-born Birkenfeld helped his US clients evade taxes by hiding wealth overseas. At one point during his private banking career, Birkenfeld reportedly brought diamonds across the US border secured inside a toothpaste tube. Tuesday's announcement represents an astonishing turn of fortune for Birkenfeld, who was released...

President Obama is always harping about all Americans paying their fair share of taxes. While it may be legal to have back taxes, the Internal Revenue Service has found that more than 279,000 federal employees and retirees owed $3.4 billion, yes, billion, in back income taxes. Some members of Obama's executive staff of nearly 1,800 owed the government $833,970 in back taxes. My first question would be, why does it take 1,800 employees to staff the executive office? Most federal employees are paid much more with better benefits than those who have similar jobs in the private sector. Another question,...

C’mon, IRS. “Stop coddling the super rich.” Contrive to successfully extract the taxes they already owe.Mr. Buffett, I barely want to waste my breath on your blatant hypocrisy.And, Mainstream Media (by which I mean the NYT, which ran Buffett’s obnoxious op-ed in the first place), WHERE ARE YOU?From NewsMax: Billionaire investor Warren Buffett triggered a major debate over taxes recently when he wrote in The New York Times that he should be paying more to the federal government. He called on Washington lawmakers to up tax rates on the rich.But it turns out that Buffett’s own company, Berkshire Hathaway, has...

The federal agency with the largest back-tax bill? The US Postal Service, where hundreds of thousands of employees owed a total of more than $283 million, said the report. Also high on the list is the Department of Veterans Affairs, where employees had more than $156 million in back taxes. The biggest group, though, is retired military personnel. That group owed more than $1.5 billion dollars. And even the White House folks are behind in their taxes. Employees in the executive office of the president, which includes nearly 2,000 employees, owed more than $831,000 to Uncle Sam, the IRS found....

Isn't paying higher taxes patriotic? The Democratic National Committee and their private dining establishment in D.C., the National Democratic Club, are serious tax scofflaws. The Democratic National Committee and the party’s private club in the nation’s capitol have been delinquent with tax payments on sixteen separate occasions over the last seven years, Pajamas Media has learned. According to District of Columbia government records, since 2004 the Democrats’ main political committee and its National Democratic Club — an exclusive restaurant and hideaway on Capitol Hill where prominent Democrats and their guests dine — have been hit with fines and interest penalties...

Over the years a lot of suspicion has built up across the country about Washington and its population of opportunistic transients coming to see themselves as a special kind of person, somehow above average working Americans who don't work down in that former swamp. Well, finally, an end to all those undocumented doubts. Thanks to some diligent digging by the Washington Post, those suspicions can at last be put to rest. They're correct. Accurate. Dead-on. Laser-guided. On target. Bingo-bango. As clear as it's always seemed to those Americans who don't feel special entitlements and do meet their government obligations. We...