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Keyword: irs

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  • ‘The age of financial privacy is over’ (FATCA)

    01/27/2015 12:43:47 PM PST · by Olog-hai · 40 replies
    TheLocal.de ^ | 27 Jan 2015 12:30 GMT+01:00
    “I had been living in Switzerland for ten years, and then out of the blue I got a letter from my bank, saying that since I am an American citizen I had to file some extra paperwork,” Jonathan Weiss tells The Local. “Two weeks later, my bank account was frozen.” Weiss was born in the US, but has lived abroad since age ten, in both Asia and Europe. “I was just living in Switzerland, working there, minding my own business,” Weiss recalls. “And then I was caught up this net. I had no idea what to do.” That was his...
  • 'Stonewalled' author Attkisson to testify on Obama’s AG nominee

    01/26/2015 9:47:00 PM PST · by Nachum · 18 replies
    The Hill ^ | 1/26/15 | Julian Hattem
    A former CBS investigative reporter who has filed a $35 million lawsuit against the Obama administration for hacking will be among the witnesses at a hearing on President Obama's attorney general nominee. Sharyl Attkisson has accused the Obama administration of breaking into her computer and phone after she reported stories that were critical of the administration, such as the events surrounding the 2012 attack on an American compound in Benghazi, Libya, and the failed “Fast and Furious” operation. She told her story in the book "Stonewalled." She will testify during this week’s Senate Judiciary Committee hearing for Loretta Lynch, Obama’s...
  • Obamacare recipients must deal with IRS this tax season (Pelosi knew)

    01/25/2015 4:36:25 PM PST · by Libloather · 17 replies
    Daily Democrat ^ | 1/24/15 | Tracy Seipel
    More than a million Californians benefitted from federally subsidized health insurance in 2014 through the nation's health care law. But now the law is about to give many of them a migraine. It's tax season, and for the first time Obamacare is showing up on tax forms. And it's leading to confusion and angst over new rules and their impact on taxpayers' pocketbooks. That's because taxpayers must now reconcile the subsidy they received with the income they estimated they would earn last year. In addition, people who ignored the Affordable Care Act's requirement to obtain health insurance in 2014 now...
  • The World Wide Tax Web: FATCA Data Sharing Goes Online

    01/25/2015 11:05:39 AM PST · by ATOMIC_PUNK · 13 replies
    http://www.jdsupra.com/ ^ | 1/21/2015 | Nicole Kardell
    The IRS has unveiled a secure web application, the International Data Exchange Service (IDES), for cross-border data sharing. IDES will allow Foreign Financial Institutions (FFIs) and tax authorities from other countries to transmit financial data on U.S. taxpayers’ accounts, via an encrypted pathway, to the IRS. The tool is part of the IRS’s effort to track U.S. taxpayer income globally. It is intended to assist FFIs and foreign tax authorities in their compliance with the U.S. Foreign Account Tax Compliance Act (FATCA). The act requires that financial institutions send to the IRS financial information of American account holders or face...
  • Obama IRS Shares Private Financial Data With Foreign Tyrants

    01/25/2015 10:46:04 AM PST · by ATOMIC_PUNK · 20 replies
    http://www.thenewamerican.com/ ^ | Wednesday, 21 January 2015 | Alex Newman
    To comply with unconstitutional pseudo-treaties negotiated by the Obama administration without the consent of Congress or any semblance of constitutional authority, the IRS announced that it will be sharing private financial information on U.S. bank account holders with foreign powers. No warrant is needed for foreign governments or tyrants to peruse the sensitive information at will — including brutal communist regimes and possibly even criminals or hackers.
  • Failing Up: Company behind HealthCare.gov debacle gets an IRS contract

    01/23/2015 6:36:24 PM PST · by SeekAndFind · 3 replies
    Hotair ^ | 01/23/2015 | NOAH ROTHMAN
    This might come as a shock; you had better sit down. An internal review released on Friday revealed that the federal government did not properly vet the contactors it hired to develop the web portal that would service customers shopping on the Affordable Care Act’s health insurance exchange. Of course, disastrous debut of HealthCare.gov led every rational person to reach this same conclusion months ago, but it’s now official. “One of the reports showed that CGI Federal, a key contractor in the development of the site, had ties to failed projects, while an earlier story revealed that the company...
  • World War II vet works to convince the IRS that he's not dead

    01/23/2015 4:39:40 PM PST · by Oldeconomybuyer · 25 replies
    The Columbus Dispatch ^ | January 23, 2015 | By Lori Kurtzman
    iegfried Meinstein discovered that he was dead in April. He seems to be handling the news well. “It isn’t really a problem in my daily life,” he said, sitting at a table in his Upper Arlington assisted-living facility. “Everybody accepts my money.” This probably requires a little more explanation, so here it is: The Internal Revenue Service thinks 94-year-old Meinstein bought the farm, bit the big one, took a permanent vacation. And despite his family’s best efforts, the IRS hasn’t changed its mind. “If they keep insisting, what is it you say?” Ron Meinstein asked his dad. “‘Eventually, they’ll be...
  • The First Family’s 529 Windfall

    01/22/2015 9:28:16 PM PST · by Steelfish · 6 replies
    Wall St. J. ^ | January 21, 2015
    The First Family’s 529 Windfall The large contributions the Obamas have already made won’t be taxed. If there’s any silver lining in the President’s plan to end the major tax benefit of saving for college, it’s that at least he’s not talking about taxing money that’s already been saved. This aspect of the Obama plan is particularly valuable to people like, well, Barack Obama. As we noted on Thursday, the President wants to allow the Internal Revenue Service to begin taxing distributions from so-called 529 plans, even if they are used as intended to fund legitimate educational expenses such as...
  • BOMBSHELL: IRS Has Active Contract For MILLIONS With Company HHS FIRED Over Botched Healthcare.gov

    01/22/2015 2:28:41 PM PST · by illiac · 7 replies
    DailyCaller ^ | 1/222/15 | Richard Pollock
    Seven months after federal officials fired CGI Federal for its botched work on Obamacare website Healthcare.gov, the IRS awarded the same company a $4.5 million IT contract for its new Obamacare tax program. CGI is a $10.5 billion Montreal-based company that has forever been etched into the public’s mind as the company behind the bungled Obamacare main website. After facing a year of embarrassing failures, federal officials finally pulled the plug on the company and terminated CGI’s contract in January 2014. Yet on Aug. 11, seven months later, IRS officials signed a new contract with CGI to provide “critical functions”...
  • Center for American Progress won’t account $5 million in donations

    01/22/2015 6:35:32 AM PST · by opentalk · 3 replies
    FireAndreaMitchell ^ | January 21, 2015
    Obama lackey John Podesta who founded the far left Center for American Progress is about as transparent as Obama. The Center of American Progress has been hiding it’s donor lists for month. Finally, today they were shamed into releasing a partial list of donors. Problem is Podesta’s Center for American Progress isn’t accounting for over $5 million in donations from ‘anonymous sources.’ Podesta will likely be a big part of Hillary Clinton’s run next year, if the old granny does in fact run. Wonder if she’ll get questions about her buddy Podesta’s missing $5 million. Funny too that you don’t...
  • BOMBSHELL: IRS Has Active Contract For MILLIONS With Company HHS FIRED Over Botched Healthcare.gov

    01/22/2015 1:07:10 AM PST · by Cincinatus' Wife · 38 replies
    The Daily Caller ^ | January 22, 2015 | Richard Pollock
    Seven months after federal officials fired CGI Federal for its botched work on Obamacare website Healthcare.gov, the IRS awarded the same company a $4.5 million IT contract for its new Obamacare tax program. CGI is a $10.5 billion Montreal-based company that has forever been etched into the public’s mind as the company behind the bungled Obamacare main website. After facing a year of embarrassing failures, federal officials finally pulled the plug on the company and terminated CGI’s contract in January 2014. Yet on Aug. 11, seven months later, IRS officials signed a new contract with CGI to provide “critical functions”...
  • Obamacare to make filing income taxes a nightmare for many low-income taxpayers this year

    01/20/2015 7:29:29 AM PST · by servo1969 · 40 replies
    americanthinker.com ^ | 1-20-2015 | Thomas Lifson
    There are gong to be many millions of newly befuddled, fearful, and angry taxpayers this April, hit with the consequences of Obamacare’s social engineering when they try to file their taxes in April. Many will suffer unexpected financial penalties and costs, especially those accustomed to filing under the simplified tax forms applying to straight salaried people with standard deductions. H&R Block is warning that “[n]o one can understand” the New Obamacare tax code requirements for filing this year. In fact, millions of people accustomed to filing the postcard-sized 1040EZ form will now have to file extremely complicated and detailed forms,...
  • H&R Block: ‘No One Can Understand’ New Obamacare Tax Code

    01/19/2015 9:25:09 AM PST · by servo1969 · 42 replies
    dailycaller.com ^ | 1-19-2015 | RICHARD POLLOCK
    “Now that the Affordable Care Act has made health care a tax issue, no one can understand it,” H&R Block flatly tells taxpayers in a video that resides on its dedicated Obamacare web site. A former IRS Commissioner agrees, and cautions that the new tax requirements will be a “shock to the system,” especially afflicting low-income earners who have never itemized on their tax return.The tax preparation giant — with 24 million tax clients worldwide — reports that the Obamacare tax rules now constitute “the biggest tax code change in the last 20 years.”The company is so concerned, it has...
  • Doom: IRS Complains About Budget Cuts, Forgets The Back Taxes IRS Employees Owe

    01/19/2015 5:28:31 AM PST · by george76 · 14 replies
    Townhall ^ | Jan 15, 2015 | Katie Pavlich
    IRS Commissioner John Koskinen, infamous for his defiant congressional testimony about the inappropriate targeting of conservative tea party groups, is warning that budget cuts to the agency will cause delayed refunds, more identity theft, long wait times for help and a possible shut down of the agency ... Koskinen doesn't mention the extra hell Obamacare rules are putting tax filers through this year... Maybe Koskinen should ask IRS employees who owe back taxes to pay up in order to help fill the gap. Or how about avoiding handing out bonuses worth millions to employees who owe back taxes to the...
  • Obamacare penalty may come as shock at tax time

    01/18/2015 7:12:51 PM PST · by george76 · 57 replies
    Washington Times ^ | January 18, 2015 | Tom Howell Jr.
    Those Americans who didn’t get health insurance last year could be in for a rude awakening when the IRS asks them to fork over their Obamacare penalty — and it could be a lot more than the $95 many of them may be expecting. The Affordable Care Act requires those who didn’t have insurance last year and didn’t qualify for one of the exemptions to pay a tax penalty, which was widely cited as $95 the first year. But the $95 is actually a minimum, and middle- and upper-income families will actually end up paying 1 percent of their household...
  • Senator Cruz on tax reform: Abolish the IRS

    01/18/2015 5:23:37 PM PST · by JOHN W K · 50 replies
    1/18/2015 | johnwk
     SEE: Cruz: Abolish the IRS January 13th , 2015 ”Republican Sen. Ted Cruz said Monday that Republicans should take advantage of their control of Congress to abolish the Internal Revenue Service. “We need to pass fundamental tax reform making our tax code simpler, flatter, fairer,” he said Monday at Heritage Action’s 2015 conservative policy summit. ”And I’ll tell you, the single most important tax reform, we should abolish the IRS.” What is discouraging is, the above article goes on to say that Senator Ted Cruz ”… acknowledged it’s not really possible to abolish the IRS or adopt a flat tax...
  • Large Penalties Await Employers Who Reimbursed Certain Employee Health Insurance Premiums In 2014

    01/18/2015 3:00:33 PM PST · by dila813 · 10 replies
    Forbes ^ | 1/18/2015 @ 5:32PM | Tony Nitti
    Do you have people – as in, more than one – working for you? If so, you’re probably knee deep in preparing Forms W-2 for your employees before the January 31st deadline. Well, what if I told you that when you send in those forms, unless you’re aware of an under-publicized change to the insurance and tax laws that took place on January 1, 2014, you might be exposing yourself to tens or even hundreds, of thousands of dollars in penalties? And what if I told you that even if reading this column makes you aware of the required change,...
  • Ted Cruz's Best Idea Yet: Reform Taxes And Abolish IRS

    01/15/2015 7:13:15 PM PST · by 2ndDivisionVet · 44 replies
    Investor's Business Daily ^ | January 15, 2015 | Editorial Staff
    Tax Reform: Texas Sen. Ted Cruz, a possible Republican presidential candidate in 2016, might have hit on the most important fiscal issue facing the U.S.: the need for major tax reform. But he takes it a step further. Speaking Monday, the senator from Texas threw another thunderbolt: Republicans should use their control of Congress to get rid of the Internal Revenue Service. "We need to pass fundamental tax reform making our tax code simpler, flatter, fairer," he told a crowd at a Heritage Foundation event. "And I'll tell you, the single most important tax reform, we should abolish the IRS."...
  • Fire the IRS

    01/17/2015 6:35:09 PM PST · by SeekAndFind · 41 replies
    Hotair ^ | 01/17/2015 | Jazz Shaw
    As Stephen Moore at Fox News reports, the IRS has some big changes planned for for you in 2015. They’re finally going to eliminate all the scandals and abuse and become more accountable to the public! Hurrah! No… I was just kidding. They’re going to be delivering even worse service than they already provide. Complaining about belt tightening budget cuts, this week IRS Commissioner John Koskinen lectured: “People who file paper tax returns could wait an extra week—or possibly longer—to see their refund. Taxpayers with errors or questions on their returns that require additional manual review will also face...
  • IRS Scandal Is Back (Weekly Update)

    01/16/2015 1:45:06 PM PST · by jazusamo · 25 replies
    Judicial Watch ^ | January 16, 2015 | Tom Fitton
    The Obamacare-IRS ScandalFrench Terror Attacks Tied To FBI Asset? New Docs: Top IRS official may have obstructed investigations into the IRS scandal The Obamacare-IRS Scandal There is a lawsuit that could bring President Obama’s federal healthcare crashing down under the weight of its own lawlessness. A few weeks ago, we filed anamicus brief in support of plaintiffs who are making the plain obvious point to the United States Supreme Court that President Obama (or any other president) should not be permitted to rewrite federal statues in brazen violation of the U.S. Constitution’s separation of powers. The plaintiffs in David King...
  • Obama is one mean, vindictive bastard

    01/15/2015 12:10:54 PM PST · by Starman417 · 37 replies
    Barack Obama is one mean, vindictive bastard. There is no other way to put it. During the last government "shutdown" Obama blockaded the WWII memorial, which is normally is open and ungated. He spent money on personnel and materials to prevent WWII vets from gaining access to their own shrine. The vets requested access to the memorial but were refused by Obama and the Department of the Interior: The White House and the Department of the Interior rejected a request from Rep. Steven Palazzo’s office to have World War II veterans visit the World War II memorial in Washington, the...
  • IRS Chief warns of Refund delays and poor customer service this Tax year.

    01/15/2015 8:04:18 AM PST · by Din Maker · 75 replies
    FOX News ^ | January 15, 2015
    Taxpayers could see delays in getting their refunds this year -- as well as "unacceptable" customer service -- as the IRS commissioner warns budget cuts are forcing the agency to cut back. IRS Commissioner John Koskinen: "The effect of these cuts will hurt taxpayers and our tax system," he wrote in an e-mail. He said the cuts could force the IRS to shut down operations for two days later this year, resulting in unpaid furloughs for employees and service cuts for taxpayers. "People who file paper tax returns could wait an extra week -- or possibly longer -- to see...
  • Obama to give federal employees six weeks' maternity leave

    01/14/2015 7:09:07 PM PST · by Citizen Zed · 34 replies
    The Guardian ^ | 1-14-2015 | Dan Roberts
    Federal employes will be given at least six weeks of paid leave to care for new children under plans unveiled by the White House to kick-start legislative efforts to close the gap in family benefits offered by the US and other wealthy countries. Democrats have been pushing for better maternity and sick leave rights for over a decade in Congress with little success, but plans by Barack Obama to back the passage of a Healthy Families Act with the executive action for government workers and $2.2bn of new funding for state efforts would be the first time the president has...
  • Need help filing out your tax return? Don't call the IRS

    01/14/2015 6:53:55 PM PST · by Mariner · 18 replies
    AP ^ | 1/14/2015 | By STEPHEN OHLEMACHER
    WASHINGTON (AP) — Filing a federal tax return is about to get more complicated for millions of families because of President Barack Obama's health law. But they shouldn't expect much help from the Internal Revenue Service. Got a question for the IRS? Good luck reaching someone by phone. The tax agency says only half of the 100 million people expected to call this year will be able to reach a person. Callers who do get through may have to wait on hold for 30 minutes or more to talk to someone who will answer only the simplest questions. "Taxpayers who...
  • Smoking Gun? Tape Recordings Reveal the Real Reason Bank Closed Gun Seller’s Account

    01/14/2015 4:28:44 PM PST · by barmag25 · 33 replies
    Daily Signal ^ | 01/14/15 | Kelsey Harkness
    Another gun seller says his firearms business was forced to shut down its bank account as a result of the government’s secretive initiative known as Operation Choke Point. This time, he’s offering audio recordings to prove it. Mike Schuetz is a former state employee who worked as a probation and parole officer for eight years in Hawkins, Wis. After working for the state, he told Breitbart News that he decided to open a private investigation business and operate a gun store on the side. His store, Hawkins Guns LLC, sells both firearms and ammunition. To manage his finances, Schuetz set...
  • Docs: Ahead of 2012 Presidential Election Lois Lerner Begged Supervisor Not to Visit IRS Office

    01/14/2015 1:47:19 PM PST · by smoothsailing · 24 replies
    Townhall ^ | 1-14-2015 | Katie Pavlich
    Docs: Ahead of 2012 Presidential Election Lois Lerner Begged Supervisor Not to Visit IRS Office Katie Pavlich | Jan 14, 2015 New emails obtained by Judicial Watch through a Freedom of Information Act Lawsuit show former IRS official Lois Lerner begged her supervisor not to visit the Cincinnati office or ask specific questions related to Congressional inquiries into whether the agency was improperly targeting conservative groups just ahead of the 2012 presidential election. As a reminder, it wasn't until May 2013 when Lerner admitted inappropriate targeting had occurred and plead the Fifth in front of the House Oversight Committee. “Please don’t...
  • IRS Warns Of Delayed Refunds, Long Waits For Taxpayers & Possible Shutdown

    01/14/2015 12:22:43 PM PST · by SeekAndFind · 43 replies
    Forbes ^ | 01/14/2015 | Kelly Phillips Erb
    With a week to go before tax season opens, taxpayers were already bracing for a potentially “miserable” filing season. It turns out that it could live up to the hype. Internal Revenue Service (IRS) Commissioner Koskinen has advised employees that the budget cuts will result in reduced services to taxpayers. In an email to employees sent earlier today, Commissioner Koskinen advised that “realistically we have no choice but to do less with less.” What does that mean for taxpayers? * Identity theft could increase. Despite the need for increased taxpayer protections against identity theft, the implementation of additional measures will...
  • Coming this tax season from the IRS: More identity-theft risk, longer hold times and refund checks..

    01/14/2015 2:31:56 AM PST · by Libloather · 10 replies
    Daily Mail ^ | 1/14/15 | Chris Spargo
    Coming this tax season from the IRS: More identity-theft risk, longer hold times and refund checks that take a WEEK longer to arrive The IRS, long Americans' least-favorite government agency, is likely to be a lot less popular this tax season - refunds will be slower, the risk of identity theft will be higher and there will be longer hold times to reach customer service. By some estimates, fewer than half of the taxpayers who call the IRS will be able to speak to a representative. IRS Commissioner John Koskinen revealed to the changes to employees in a memo -...
  • New IRS Data Expose Dems' Phony Tax-the-Rich Mantra

    01/12/2015 3:54:42 PM PST · by jazusamo · 9 replies
    Investors.com ^ | January 12, 2015 | Editorial
    Taxes: Democrats unveiled a plan Monday that — surprise — would boost taxes on the rich. But new IRS data show these soak-the-rich campaigns are based on total falsehoods. 'Our tax code today is stacked in favor of people who make money off of money and against those who make money off of hard work," Rep. Chris Van Hollen, the top Democrat on the Budget Committee, said Monday. The plan he announced — which to be sure has no chance of being enacted — would boost taxes on the top 1% and hand out checks to the middle class each...
  • George Will: Questions for attorney general nominee Loretta Lynch

    01/11/2015 9:48:17 PM PST · by george76 · 11 replies
    wa po ^ | January 9, 2015 | George Will
    The Justice Department has been, to say no more, unhelpful regarding attempts to fully investigate and properly punish the politicization and corruption of the Internal Revenue Service. Given the department’s seeming complicity in the coverup, would it not be appropriate to appoint a special prosecutor to investigate the IRS practice of suppressing the political activity of conservative groups? Civil forfeiture — the seizure of property suspected of being produced by, or involved with, crime — has become a lucrative business for lawless law enforcement. Civil forfeiture treats citizens worse than criminals, seizing the property of people neither convicted of nor...
  • Obamacare Problems? Now in Hands of IRS

    01/11/2015 8:00:17 AM PST · by Kaslin · 36 replies
    Townhall.com ^ | January 11, 2015 | Bruce Bialosky
    Deluged with catastrophes, court challenges and criticism, Obamacare (ACA) has had a controversial life to date. Yet it is ready to enter a completely new phase where the implementation gets shifted to the Internal Revenue Service – America’s favorite three words. If you liked the health care plan up to now, you ain’t seen nothing yet. 2010 was actually the first year that the IRS was involved in Obamacare enforcement. The Small Business Health Care Tax Credit went into effect with this filing year. You may remember I wrote that there was mass resistance to this credit by the tax-preparer...
  • I Warned You About Your Tax Refund

    01/09/2015 1:58:41 PM PST · by Evil Slayer · 53 replies
    RushLimbaugh.com ^ | 01/09/2015 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Lots to do here on Open Line Friday, Rush Limbaugh. Determined to be in a good mood, folks. Determined to be happy. Determined to do everything I can to enjoy life. And if that makes some of you think I'm out of touch, so be it. I've been dealing with that complaint for 27 years. Over and over again I've heard that, "You're out of touch, Rush, you're losing touch with what it's like to really be in America." No, I'm not. Never have lost touch, never will lose touch. But it doesn't mean that you can't...
  • An ObamaCare Tax Monster Speeds Toward Millions of Filers

    01/07/2015 5:23:01 AM PST · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 1/7/2015 | John Merline
    ObamaCare was supposed to keep the nation healthier by expanding access to insurance. Instead, it will keep the professional tax preparation industry healthy by making the tax code even more hopelessly complex. As health care analyst Bob Laszewski points out on his widely read blog, the IRS came out with a 21-page booklet explaining what ObamaCare will mean to tax filers this year. In addition, there's a 12-page publication with instructions on how to claim an exemption from the individual mandate (there are 19 options listed), along with instructions on how to calculate the "shared responsibility payment" for those irresponsible...
  • IRS Cries 'Budget'!

    01/06/2015 7:04:31 AM PST · by Kaslin · 22 replies
    Townhall.com ^ | January 6, 2015 | John Ransom
    Another day and another complaint by the IRS that they won’t have enough money to administer the tax code properly. Boohoo. Maybe they should have thought about that before Lois Lerner came before the House Oversight and Government Reform Committee and decided to invoke her right not to incriminate herself. Repeatedly. Its one thing when a Mafia don does that. But come on: The IRS? Or perhaps they should have thought of it before they lost the emails that they said died because of a hard drive failure. This time the crier for the IRS is CNNMoney, which complains that...
  • Nevada Assembly speaker rebukes Fiore for power move

    01/05/2015 7:27:18 AM PST · by redreno
    http://www.reviewjournal.com ^ | Updated January 3, 2015 - 6:39pm | By LAURA MYERS
    Moving to quash a conservative GOP insurrection, Assembly Speaker-designee John Hambrick on Saturday harshly rebuked Assemblywoman Michelle Fiore, telling her to stop playing “childish games” and undermining him by insisting she’s still Republican majority leader. Hambrick said in an email to Fiore that he had full authority as the elected leader of the Assembly Republican Caucus to remove her as majority leader and as chair of the Assembly Taxation Committee. He said he removed her last month for insubordination and for how she’s handling a dispute with the Internal Revenue Service over unpaid payroll taxes for her home health care...
  • NY Cops Shame the Democrats

    01/05/2015 6:30:37 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | January 5, 2015 | John Ransom
    Since the election of Barack Obama in 2008, and his inauguration in 2009, Democrats have increasingly shown no shame. They showed no shame when they passed the trillion dollar stimulus bill that was so full of pork that it failed to produce jobs; they showed no shame when they handed out Department of Energy “green” loans to their cronies; they showed no shame when they pandered to Hispanics, while not providing them the comprehensive immigration reform that Democrats say they favored; they showed no shame by giving Al Sharpton his own TV show; they showed no shame in the way...
  • Got Obamacare? Great! Now here’s your audit: The postman always rings twice… at least.

    01/04/2015 5:32:48 PM PST · by SeekAndFind · 20 replies
    Hotair ^ | 01/04/2015 | Jazz Shaw
    Since you’re enjoying your Obamacare health insurance policy so much, you might not be all that put off by a few extra pieces of mail showing up at your door. There’s all those forms to fill out and medical providers to screen, complicated prescription plans and all the rest. But now that the new year is upon us and tax time is approaching, you may want to prepare for an extra surprise from the mailman. It’s coming from the IRS for many of you and it’s not a birthday card.Moe Lane of Red State kicks the tires of this...
  • Half of Obamacare subsidy recipients may owe refunds to the IRS

    01/03/2015 6:45:06 AM PST · by SeekAndFind · 50 replies
    Washington Examiner ^ | 01/03/2015 | Justin Green
    As many as 3.4 million people who received Obamacare subsidies may owe refunds to the federal government, according to an estimate by a tax preparation firm. H&R Block is estimating that as many as half of the 6.8 million people who received insurance premium subsidies under the Affordable Care Act benefited from subsidies that were too large, the Wall Street Journal reported Thursday. “The ACA is going to result in more confusion for existing clients, and many taxpayers may well be very disappointed by getting less money and possibly even owing money," the president of a tax preparation and education...
  • ObamaCare fines rising in 2015, IRS prepares to collect

    12/30/2014 2:22:22 PM PST · by SeekAndFind · 35 replies
    Fox News ^ | 12/30/2014
    Don't have health insurance? Get ready to pay up. The ObamaCare-mandated fines for not having insurance are rising in 2015 -- and for the first time, will be collected by the Internal Revenue Service. The individual requirement to buy health insurance went into effect earlier this year. But this coming tax season is the first time all taxpayers will have to report to the IRS whether they had health insurance for the prior year. The fines for the 2014 year were relatively modest -- $95 per person or 1 percent of household income (above the threshold for filing taxes), whichever...
  • IRS Goes After Nonprofit Hospitals On Asking Customers To Pay Bills

    12/30/2014 12:27:39 PM PST · by Tolerance Sucks Rocks · 45 replies
    The Daily Caller ^ | December 29, 2014 | Sarah Hurtubise
    The Obama administration announced new rules under Obamacare on Monday that target nonprofit hospitals’ efforts to get paid by their patients.Nonprofit hospitals, which serve a charitable purpose and are often religiously affiliated, will now be subject to strict rules on when and how they can collect payments from customers, thanks to regulations included in the health-care law. As a condition of their tax-exempt status, these hospitals must “take an active role in improving the health of the communities they serve,” Treasury Department deputy assistant secretary for tax policy Emily McMahon wrote in a blog post Monday. Under the new IRS...
  • Gas Guzzler Tax Deduction Restored To $500K For 2014 By Budget Bill

    12/30/2014 4:18:02 AM PST · by LogicDesigner · 30 replies
    Green Car Reports ^ | December 29, 2014 | John Voelcker
    If politics is the art of successful compromise--defined as outcomes that make all parties equally unhappy--then the recent budget extension bill offers something for everyone. It extended the tax credits for electric-car charging stations and natural-gas-vehicle refueling stations, which should make owners of those vehicles happy. But it did not extend the generous tax credits for purchase or lease of hydrogen fuel-cell vehicles, disappointing advocates of that zero-emission vehicle technology. Those advocates include Toyota, Hyundai, and Honda. Now, it turns out, the often-reviled "gas guzzler tax deduction" was restored to its previous level by the budget bill as well. As...
  • The IRS Needs More of Your Money So They Can Tax More of Your Money

    12/29/2014 12:02:51 PM PST · by Kaslin · 14 replies
    Townhall.com ^ | December 29, 2014 | Michael Schaus
    The favorite government agency of statists, liberals, and progressives is worried that it might not have enough funding to adequately separate Americans from their hard earned money. The IRS commissioner John Koskinen complained to congress that the agency may not have budgeted enough next year to effectively carry out its duties. According to the AP:Budget cuts at the IRS could delay tax refunds, reduce taxpayer services and hurt enforcement efforts, IRS Commissioner John Koskinen said Thursday.Apparently 11 billion dollars just won’t cut it for the Federal Revenuers. In addition to needing billions of dollars to pay pensions, target conservative non-profits, and...
  • Being uninsured in America will cost you more

    12/29/2014 9:46:00 AM PST · by PROCON · 34 replies
    apnews.myway ^ | Dec. 29, 2014 | RICARDO ALONSO-ZALDIVAR
    WASHINGTON (AP) — Being uninsured in America will cost you more in 2015. It's the first year all taxpayers have to report to the Internal Revenue Service whether they had health insurance for the previous year, as required under President Barack Obama's law. Those who were uninsured face fines, unless they qualify for one of about 30 exemptions, most of which involve financial hardships. Dayna Dayson of Phoenix estimates that she'll have to pay the taxman $290 when she files her federal return. Dayson, who's in her early 30s, works in marketing and doesn't have a lot left over each...
  • Affordable Care Act’s Tax Effects Now Loom for Filers

    12/26/2014 8:39:15 AM PST · by Theoria · 35 replies
    The New York Times ^ | 25 Dec 2014 | Tara Siegel Bernard
    If you decided to skip health insurance this year, consider this: Unless you can prove you have a valid excuse, you will be liable for a penalty during the coming tax season — and the time to start making your case is now. That’s not all. People who bought subsidized insurance through one of the marketplaces may have new tax forms to complete, while paying the penalty itself may demand some serious number-crunching. The Internal Revenue Service is gearing up to answer questions, but it warns that only half of the callers may get through — and those who succeed...
  • ObamaCare Fines Hang Over Uninsured Heads, But Can the IRS Enforce Them? (Pelosi knows)

    12/26/2014 3:55:53 AM PST · by Libloather · 19 replies
    The New American ^ | 12/22/14 | Raven Clabough
    **SNIP** With just under 25 million people enrolling in the federal and state health exchanges (including Medicare and Medicaid recipients), plus the estimated 150 million who have employer-paid health care plans, there are still some 62 million people who would have to pay a penalty but likely will not. For those who do the math the IRS apparently did not, that’s a potential loss of nearly $6 billion in revenue.... But wait, it gets worse. Some 3.6 million more people were laid off during the year and lost their health benefits — becoming liable for some or all of the...
  • IRS mistakenly penalizes Christine O’Donnell a second time, placed levy on bank accounts

    12/25/2014 7:35:59 PM PST · by Nachum · 81 replies
    Washington Times ^ | 12/25/14 | John Solomon
    Adding to the long-running saga of IRS dealings with conservatives, former Senate candidate Christine O’Donnell says the tax agency punished her mistakenly for the second time in five years by imposing an erroneous levy on her bank accounts. Ms. O’Donnell told The Washington Times she only discovered the levy when she couldn’t access her checking account as she was preparing to visit relatives over Thanksgiving. “The day before I was heading out of town for the Thanksgiving weekend, my bank told me the IRS had frozen my accounts. They didn’t give me reason why, just a phone number to call.’”
  • NY Times, Wash Post Give Early Gift to Obama on IRS Scandal: 'No Links to White House'

    12/24/2014 12:26:42 PM PST · by Nachum · 33 replies
    Newsbusters ^ | 12/24/14 | Clay Waters
    A new congressional report on the IRS persecution of conservative groups in the run-up to the 2012 election? Nothing to see here, the New York Times' headline blared. Both the paper's headline writer and reporter David Joachim set the bar sky-high for anti-Obama scandal, using the evident lack of a smoking gun linking IRS persecution to the White House as an excuse to completely dismiss the scandal in a rather brief story, no matter what "strident" Rep. Darrell Issa, the Republican who chaired the hearings, might think. The Washington Post was little better. Joachim's story was buried on page A13...
  • Greta Asks: Why Is Sharpton Getting a Pass on Taxes from Obama's IRS?

    12/24/2014 9:26:36 AM PST · by TexasCajun · 25 replies
    NewsBusters.org ^ | December 23, 2014 | Tim Graham
    The New York Times investigated the finances of MSNBC host Al Sharpton and his National Action network and found “$4.5 million in current state and federal tax liens against him and his for-profit businesses...Mr. Sharpton has regularly sidestepped the sorts of obligations most people see as inevitable, like taxes, rent and other bills,” and yet Sharpton “traveled first class and collected a sizable salary.” Fox News host Greta Van Susteren took to her Facebook page to wonder why Rev. Al Sharpton’s TV paycheck isn’t getting garnished to pay his tax debts?
  • The IRS, and the “Icky” Conservatives

    12/23/2014 12:15:17 PM PST · by Sean_Anthony · 2 replies
    Canada Free Press ^ | 12/23/14 | Douglas V. Gibbs
    The Internal Revenue Service, infested with liberal left acolytes, has become one of those tools of tyranny. A liberal that used to frequent my radio programs and website, who went by the moniker “Mudkitty,” used to argue with me on every issue under the sun, but would always include in her discussion with me that she appreciated my passion for what I believe, and that she would defend my right to say it if she had to go to the mountaintops to do so. Today’s liberal-left Democrat does not share her opinion. Rather than defend the First Amendment right of...
  • Lois Lerner & North Lorea: Icky and Hacky

    12/23/2014 6:05:29 AM PST · by NOBO2012 · 1 replies
    Michelle Obama's Mirror ^ | 12-23-2014 | MOTUS
    Greetings from the formerly sunny island of Oahu! I haven’t needed my uva and uvb lenses much so far this year, as the little black cloud seems to be following us; the rain I mean.And now I hear that Congress is releasing a report today that reveals our ex-IRS top official Lois Lerner specifically targeted tea party groups and misled the public about its secret political targeting program: The Daily Caller has obtained an advance copy of a House Oversight and Government Reform Committee report set to be released Tuesday morning that definitively proves malicious intent by the IRS to...