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Keyword: irs

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  • 'I didn't have scandals,' Obama seemingly jokes in tech conference talk

    05/25/2018 6:25:20 AM PDT · by NohSpinZone · 28 replies
    Fox News ^ | 5/25/18 | By Nicole Darrah
    Former President Barack Obama on Wednesday seemingly joked to an audience at a Las Vegas tech conference that his eight-year presidency was scandal-free. "I didn't have scandals, which seems like it shouldn't be something you brag about," Obama said, according to Newsweek. The 44th president was reportedly referencing the scandal-plagued Trump administration, saying that "if you look at the history of the modern presidency, coming out of the modern presidency without anybody going to jail is really good. It's a big deal."
  • I.R.S. Warns States Not to Circumvent State and Local Tax Cap

    05/24/2018 6:44:07 AM PDT · by reaganaut1 · 23 replies
    New York Times ^ | Alan Rappeport and Jim Tankersley
    WASHINGTON — The Internal Revenue Service is preparing to crack down on states that try to circumvent a new limit on the state and local tax deduction, saying on Wednesday that it will not allow local governments to find creative ways to help individuals fully deduct those taxes. The I.R.S. warning comes in response to states, like New York, that have looked for ways to blunt the impact of a new $10,000 cap on the state and local tax deduction, known as SALT. The cap, which was included in last year’s $1.5 trillion Republican tax overhaul, hit predominantly Democratic, high-tax...
  • The IRS Doesn’t Know Who’s Accessing Its Most Sensitive Data

    05/22/2018 10:51:08 AM PDT · by DFG · 9 replies
    Nextgov ^ | 05/21/2018 | Joseph Marks
    The Internal Revenue Service hasn’t accurately cataloged all the components of its highest value hardware and software systems and doesn’t have a clear count of who has privileged access to those systems, according to an audit released Monday. The IRS also likely isn’t patching software vulnerabilities on its highest value assets within the 30-day timeframe required for federal agencies, according to the audit from the Treasury Inspector General for Tax Administration. Because the agency doesn’t maintain historical data about patching, however, it’s difficult to say for certain how long vulnerabilities are going unpatched, the audit states.
  • How Will Meghan Markle's Finances Change Now that She Married Harry?

    05/19/2018 8:32:28 PM PDT · by SeekAndFind · 91 replies
    Investopedia ^ | 05/19/2018 | By Amy Fontinelle
    The marriage of Meghan Markle and Prince Harry is anything but ordinary. Even among royal marriages it’s unique because Meghan is American – and, like many Americans, she is biracial. But while her race isn’t a issue, her nationality is – thanks to the U.S. tax code.Prince Harry, Meet the IRS American citizens like Markle, who was born in Los Angeles, must report their worldwide income to the IRS even while living abroad. (For more, see How to Pay Taxes If You're Overseas.) She will have to file U.S. tax returns and Foreign Bank Accounting Report (FBAR) forms, assuming she...
  • Embattled N.Y. AG let Clinton Foundation skip naming foreign donors,,,,

    05/09/2018 5:56:39 PM PDT · by blueyon · 40 replies
    WND ^ | 5/09/18 | WND?????????
    "Embattled N.Y. AG let Clinton Foundation skip naming foreign donors Enabled possible hiding of special favors while Hillary was secretary of state" Disgraced New York State Attorney General Eric Schneiderman looked the other way and allowed the Clinton Foundation to flout a rule requiring the organization to list foreign donors in its charitable filings, according to reports. This move makes it nearly impossible to determine if the Clinton Foundation received special favors while Hillary Clinton served as secretary of state, the New York Post reported. Findings from a Scripps News investigation revealed the Clinton Foundation and the Clinton Health Access...
  • Vanity, Tax client just received a 2010 unsolicited $800 stimulus refund check from 2010 tax year

    05/08/2018 5:46:45 AM PDT · by tired&retired · 40 replies
    My client just received an $800 check as Trump is going after the Obama Deep State 2010 stimulus program to close it. The IRS is trying to blow the money by sending out checks on the 2010 tax year. The client is returning the check as they are not entitled to it. Still Deep State corruption in the IRS.
  • Boom: Treasury kills 305 regulations, IRS hammered

    04/24/2018 6:33:23 PM PDT · by aMorePerfectUnion · 36 replies
    The Washington Examiner ^ | April 24, 2018 12:44 PM | by Paul Bedard
    Acting on President Trump’s demand that his cabinet secretaries gut Obama-era federal regulations, the Treasury Department on Tuesday said it has cut over 300 standing and proposed rules with a focus on the Internal Revenue Service. In a new 20-page report, Secretary Steven T. Mnuchin highlighted the elimination of 305 regulations, including those proposed, and the wiping away of 298 IRS “deadwood” rules. “Reducing unnecessary burdens will lead to increased economic growth, greater job creation, and a fundamentally stronger economy for our country,” said Mnuchin. “Regulatory reform is a key component of the president’s plan to make American businesses more...
  • House approves reforms the day after IRS stumbles.....

    04/18/2018 5:58:34 PM PDT · by caww · 8 replies
    Washington Examiner ^ | April 18, 2018 06:09 PM | Joseph Lawler
    The House voted Wednesday to implement a series of bipartisan changes to the IRS that were billed as customer service improvements. The votes had been planned for weeks to go along with Tax Day, but were given added timeliness with the IRS’ website failure Tuesday just as taxpayers faced the filing deadline. Two bills passed in Wednesday’s votes. One, the 21st Century IRS Act, would overhaul parts of the agency’s cybersecurity and information technology practices. It passed with only three "no" votes, all Republicans. Another, the Taxpayer First Act, which passed unanimously, would set new rules on the agency's interactions...
  • IRS gives taxpayers extra day to file after website issues

    04/17/2018 8:47:30 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | Apr 17, 2018 8:14 PM EDT | Sarah Skidmore Sell
    Americans are getting an extra day to file their taxes after key elements of the IRS website crashed on deadline day. The IRS said that individuals or businesses with a filing or payment due Tuesday now have until midnight Wednesday to complete the task. Earlier Tuesday, Americans who had waited until the final day to file online got an unwelcome surprise: The agency’s website for making payments and gaining access to other key services was down due to what Treasury Secretary Steven Mnuchin later described as a “high-volume technical issue.” The website was back online late Tuesday. “This is the...
  • IRS Filing System Breaks Down

    04/17/2018 11:42:14 AM PDT · by tired&retired · 62 replies
    Vanity
    Been frustrated all day trying to get several dozen tax returns e-filed. Fox News just announced the system broke down.. and the deadline is extended.....
  • Here's what happens if you don't pay your taxes

    04/14/2018 11:05:49 PM PDT · by Berlin_Freeper · 15 replies
    cnbc.com ^ | 13 April 2018 | Kathleen Elkins
    Taxes are due early next week and, if you don't file and pay your taxes, you could face some consequences. Everyone's tax situation is different, but here are some of the things that might happen if you don't submit your 2017 tax returns by the filing deadline of Tuesday, April 17.
  • Charge dropped for man who won't file taxes citing religion

    04/14/2018 12:31:06 PM PDT · by ameribbean expat · 29 replies
    PORTLAND, ORE. A federal judge has dismissed a tax evasion charge against a man who describes himself as a Christian who refuses to give money to the government to support abortion. The Oregonian/OregonLive reported Thursday the judge ruled that the government failed to provide evidence that Michael Bowman tried to conceal or mislead government officials. Prosecutors accused Bowman of not filing an accurate tax return since at least 1997. Bowman said he's been up front with the Internal Revenue Service, refusing to file a return or pay taxes since 1999 without some accommodation afforded to him for religious beliefs. The...
  • Pray for an asteroid [Dave Barry column on Taxes 1999]

    04/13/2018 8:40:21 AM PDT · by Red Badger · 9 replies
    www.miamiherald.com ^ | April 4, 1999 | Dave Barry
    Perhaps you are one of the many Americans who are afraid of preparing their own income-tax returns. If so, let me offer these words of encouragement: You stupid idiot. I say this because doing your own taxes has never been easier, thanks to modern technology such as the telephone, the personal computer and the canned frozen margarita. Take me. I am not a so-called "Certified Public Accountant, " but I have been handling my own taxes for years, using a simple, three-step system: STEP ONE: One week before the April 15 tax deadline, I gather together all my financial records....
  • QBI Qualified business income for independent consultant?

    04/10/2018 12:42:57 PM PDT · by SteveH · 6 replies
    Steveh and irs | Steveh
    What is QBI for an independent consultant? Thanks in advance
  • Nearly 100 detained in ICE raid at Tennessee meatpacking plant (the rest of the story)

    04/08/2018 7:57:23 PM PDT · by 11th_VA · 69 replies
    WFLA ^ | Apr 8, 2018 | Wate
    BEAN STATION, TN (WATE) - New details were released Friday about Thursday's raid on an East Tennessee slaughterhouse by the IRS, U.S. Immigration and Customs Enforcement and the Tennessee Highway Patrol. What initially began as a criminal raid turned into immigration operation at Southeastern Provisions, a cattle slaughter business in Bean Station. During the raid, 97 people were found who were subject to removal from the United States. Ten of those were arrested on federal criminal charges, one on state charges and 86 on administrative charges. Of the 86 administrative arrests, 54 were placed in detention and 32 were released....
  • Attorney general probes nonprofit associated with NXIVM

    03/28/2018 9:41:35 AM PDT · by ptsal · 18 replies
    The state attorney general's office is investigating a nonprofit foundation associated with the NXIVM corporation that allegedly sponsored brain-activity and other human behavioral studies without any apparent oversight, according to court records. The nonprofit Ethical Science Foundation was formed in 2007 by Clare W. Bronfman, an heiress of the Seagram Co. business empire who has described herself as the operations director of NXIVM. Bronfman, who owns a horse farm in Delanson, is listed in public records as the trustee and donor of the Ethical Science Foundation. At the request of the attorney general's office, a state Supreme Court justice recently...
  • IRS Documented 1.3M Identity Thefts by Illegal Aliens; Can’t Say It Referred Any for Prosecution

    03/16/2018 3:27:42 PM PDT · by Zakeet · 36 replies
    CNS News ^ | March 16, 2018 | Terence P. Jeffrey
    The Internal Revenue Service in 2011 through 2016 documented more than 1.3 million cases of identity theft perpetrated by illegal aliens whom the IRS had given Individual Taxpayer Identification Numbers (ITIN), which are only given to people who are ineligible to work in the United States or receive Social Security Numbers, according to information published by the Treasury Inspector General for Tax Administration (TIGTA). However, in response to inquiries from CNSNews.com, the IRS could not say if it had referred even one of these cases for criminal prosecution. TIGTA, which is the inspector general responsible for overseeing the IRS, discovered...
  • Democrats Release Tax Hike Plan

    03/09/2018 11:54:53 AM PST · by Beave Meister · 55 replies
    Forbes ^ | 3/9/2018 | Ryan Ellis
    This week, Congressional Democrats released a detailed tax hike plan that they promised to implement if given majority control of the House and Senate after the 2018 midterm elections. So much for the crocodile tears about the deficit--Democrats want to raise taxes not to reduce the debt, but rather to spend that tax hike money on boondoggle projects. As you might expect, hold onto your wallets. Here are the details: Increase the top marginal income tax rate from 37 percent to 39.6 percent. This nearly 3 percentage point increase in the top personal rate is not only a hike in...
  • Glenn K. Beaton: We let Obama defy the law, and took a step toward autocracy

    03/06/2018 7:05:30 AM PST · by george76 · 18 replies
    The Aspen Beat ^ | March 3, 2018 | Glenn K. Beaton
    "When the president does it, that means it's not illegal." — President Richard Nixon Early in the residency of Barack Obama, some activists pressured him to stop deporting illegals... But Obama was a smart lawyer surrounded by other smart lawyers. He even boasted that he had been a Constitutional law professor. He had actually just been a part-time and untenured instructor, but he still knew that the president had no authority to ignore the immigration laws. According to the New York Times and Washington Post, he clearly said so... at least 17 times. But then he did it anyway. ......
  • Barack Obama: ‘We Didn’t Have a Scandal that Embarrassed Us’ in My Presidency

    02/27/2018 7:56:43 PM PST · by EdnaMode · 120 replies
    Breitbart ^ | February 27, 2018 | CHARLIE SPIERING
    Former President Barack Obama denied that his administration had any scandals that embarrassed him or his team. It is unclear why Obama clarified that there were no scandals “that embarrassed us.” “There were mistakes,” he admitted. “We’d screw up, but there wasn’t anything venal during eight years. I know that seems like a low bar, but you look at the presidency; that’s no small thing.” Conservatives remember the Obama years differently, citing the Fast and Furious scandal, the IRS scandal, wiretapping journalists, the terror attacks in Benghazi, delivering pallets of cash to Iran, and former Secretary of State Hillary Clinton’s...