http://www.freerepublic.com/tag/irs/ en-us Tue, 5 Jan 2010 00:34:21 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2420977/posts Not only does the Democratic health care bill include tax hikes, as reported by Americans for Tax Reform, it also would expand the role of the Internal Revenue Service. From Kaiser Health News: Under the proposed health care legislation, they would get another assignment: checking to see whether Americans have health insurance. The House and Senate bills require most Americans to have health insurance and to prove it on their annual federal tax return. Those who don’t would pay a penalty to the IRS. The Washington Examiner http://www.freerepublic.com/focus/f-news/2420977/posts#comment Tue, 5 Jan 2010 00:34:21 GMT http://www.freerepublic.com/focus/f-news/2420868/posts Digital News Report – Besides collecting taxes and going after tax cheats, the Internal Revenue Service (IRS) will be going after Americans who do not purchase private health insurance. The new health care legislation being debated in Congress will put the IRS in charge of making sure Americans purchase a health insurance policy. Those who don’t pay will be penalized because all Americans will be forced to purchase a policy. Besides making sure citizens do buy insurance, the IRS will assess penalties on those who do not. They will also collect new fees from businesses and oversee enforcement. Already understaffed... Digital News Report http://www.freerepublic.com/focus/f-news/2420868/posts#comment Mon, 4 Jan 2010 22:00:36 GMT http://www.freerepublic.com/focus/f-news/2419171/posts When members of the U.S. Senate finally head home this week, they will be leaving the future of 50 individual and business tax breaks in limbo. All expire at the end of 2009. Among the disappearing breaks are the research tax credit and an annual alternative minimum tax "patch," which keeps 23 million additional middle-income Americans from being forced into calculating and paying the dreaded AMT. (For 2009, with the patch in place, 4 million upper-middle- and high-income families will pay AMT.) Forbes.com http://www.freerepublic.com/focus/f-news/2419171/posts#comment Fri, 1 Jan 2010 22:06:26 GMT http://www.freerepublic.com/focus/f-news/2418552/posts Take mileage deductions on your taxes? In 2010 you may be taking a hit in 2010 as the IRS lowers business mileage deduction. For outside salespeople, pizza delivery people, and others who spend a lot of time on the road for work, it’s huge, and it adds up fast; with 2009 rates at 55 cents per mile for business travel (anything done for pay — going on appointments, taking your boss to the airport, going to the post office, etc. — except your commute) an average employee who drove 10,000 miles for work could save $1,000 in taxes. The deduction... Car Dealer Review http://www.freerepublic.com/focus/f-news/2418552/posts#comment Thu, 31 Dec 2009 19:36:06 GMT http://www.freerepublic.com/focus/f-news/2414924/posts Roy Rogers and his trusty steed Trigger may have come to the end of their "Happy Trails" - television's most famous horse is going on the auction block, The ENQUIRER has learned exclusively. The beloved golden palomino's home, the Roy Rogers-Dale Evans Museum, has closed - doomed by bitter family feuding, greed, mounting debts and IRS demands. Trigger - stuffed in a familiar pose, rearing majestically on hind legs - will join Dale Evans' horse Buttermilk, their beloved German shepherd Bullet and other Rogers memorabilia in bidding that's expected to reach into the multimillions of dollars. Fans around the... National Enquirer http://www.freerepublic.com/focus/f-news/2414924/posts#comment Fri, 25 Dec 2009 14:20:24 GMT http://www.freerepublic.com/focus/f-news/2414694/posts Here are a few stories to bring holiday cheer for taxpayers. First, we have an Associated Press report that several hundred thousand federal bureaucrats have serious tax delinquencies. The Department of Housing and Urban Development always ranks high on the list of government entities that should be abolished, so it’s interesting to see that HUD bureaucrats are most likely to be dodging their taxes: More than 276,000 federal employees and retirees owed back income taxes as of Sept. 30, 2008, according to data from the Internal Revenue Service. The $3.04 billion owed was up from $2.7 billion owed by federal... CATO http://www.freerepublic.com/focus/f-news/2414694/posts#comment Thu, 24 Dec 2009 22:04:51 GMT http://www.freerepublic.com/focus/f-news/2413975/posts The Internal Revenue Service today issued proposed regulations under a new law that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later years. The reporting will be to investors and the IRS. This additional reporting will be optional for stock purchased prior to these dates. “This important reporting change will improve tax compliance while reducing the recordkeeping and paperwork burden for millions of investors,” said IRS Commissioner Doug Shulman. “These taxpayers will now receive the information they need to more... IRS Newsroom http://www.freerepublic.com/focus/f-news/2413975/posts#comment Wed, 23 Dec 2009 20:13:25 GMT http://www.freerepublic.com/focus/f-news/2411131/posts <p>Drink, drive, crack up the car...and write off the damage on your tax return.</p> <p>For one taxpayer, that scenario became reality after he appealed a decision by the Internal Revenue Service.</p> <p>The U.S. Tax Court last week allowed the driver of a car to write off thousands of dollars of damage after he totalled it while under the influence.</p> Market Watch http://www.freerepublic.com/focus/f-news/2411131/posts#comment Sat, 19 Dec 2009 14:59:11 GMT http://www.freerepublic.com/focus/f-news/2407215/posts At a time when the White House is projecting the largest deficit in the nation's history, Uncle Sam is trying to recover billions of dollars in unpaid taxes from its own employees. Federal workers owe more than $3 billion in income taxes they failed to pay in 2008. According to Internal Revenue Service documents, 276,300 federal employees and retirees owe $3,042,200,000. The IRS tracks the voluntary compliance rate of federal employees and retirees each year, and each year feds come up short. The one bright spot in this year's report is that after several years of a steady increase, the... WTOP.com Washington http://www.freerepublic.com/focus/f-news/2407215/posts#comment Mon, 14 Dec 2009 16:31:10 GMT http://www.freerepublic.com/focus/f-news/2406326/posts A new federal rewards program dishes out cash to people who turn in friends, relatives and employers for fudging their tax returns. For 24 years Vincent A. Spondello toiled away as an accountant for a group of related companies known as Monex, a large Newport Beach, Calif. precious metals dealer. A trusted employee, he prepared tax returns and was given such tasks as overseeing the destruction of old corporate documents. It turns out that some records that were supposedly destroyed he took home instead. In May Spondello sent 25 boxes of original Monex papers to the Internal Revenue Service--documents that... Forbes Magazine http://www.freerepublic.com/focus/f-news/2406326/posts#comment Sat, 12 Dec 2009 23:35:52 GMT http://www.freerepublic.com/focus/f-news/2406277/posts IRS Hires Hundreds for New Unit Targeting Rich A new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees. The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the entire web of business entities controlled by a high wealth individual," IRS Commissioner Doug Shulman told a tax conference this week. Another IRS official told Reuters "hundreds" of people have already been hired to staff the new unit, including some from within... newsmax.com http://www.freerepublic.com/focus/f-news/2406277/posts#comment Sat, 12 Dec 2009 21:35:18 GMT http://www.freerepublic.com/focus/f-news/2406155/posts WASHINGTON (Reuters) - A new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees..... President Barack Obama has proposed tightening tax rules for U.S. multinationals, including one in which companies delay paying taxes on income earned offshore, a legal practice known as deferral that officials say is abused.... "With any new thing, you never want to be the guinea pig," Mary Lou Fahey, general counsel for the Tax Executive Institute, comprised of business executives, said. http://www.freerepublic.com/focus/f-news/2406155/posts#comment Sat, 12 Dec 2009 17:50:19 GMT http://www.freerepublic.com/focus/f-news/2405979/posts WASHINGTON (Reuters) - A new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees. The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the entire web of business entities controlled by a high wealth individual," IRS Commissioner Doug Shulman told a tax conference this week. Another IRS official told Reuters "hundreds" of people have already been hired to staff the new unit, including some from within the agency. "We have drawn... Reuters http://www.freerepublic.com/focus/f-news/2405979/posts#comment Sat, 12 Dec 2009 07:06:03 GMT http://www.freerepublic.com/focus/f-bloggers/2405006/posts A single mom in Seattle made $18,992 in the previous year cutting hair at Supercuts. The IRS audited her because they claimed she was too poor to live in Seattle. She lived with her parents and has two children. The IRS claimed she owed the government more than $16,000 in back taxes. It took two years and $10,000 in accountant bills to get the IRS to admit she was just being honest. They still won't let her claim her children because they can't determine who is really supporting them. If we could only get the IRS to be as tough... Bluegrass Pundit http://www.freerepublic.com/focus/f-bloggers/2405006/posts#comment Fri, 11 Dec 2009 00:31:53 GMT http://www.freerepublic.com/focus/f-bloggers/2404640/posts A single Mom is audited at a time when our treasury secretary evades paying his taxes and remains untouched by the IRS! Welcome to Obama's new America! Dittos Rush! http://www.freerepublic.com/focus/f-bloggers/2404640/posts#comment Thu, 10 Dec 2009 16:29:26 GMT http://www.freerepublic.com/focus/f-religion/2402143/posts Victory Declaration – Pastors Vow That IRS Will Not Control Them In that my first article ever written for Freedom’s Phoenix did not appear until September 28, 2007, the Victory Declaration which appears below was never released to Freedom’s Phoenix when it was circulated to the media in February of 2006. Therefore we are making it available to FP readers on this occasion. It is an update of the Redress of the 1983 Chicago Declaration that appeared on December 5, 2009 in FP. VICTORY DECLARATION Unregistered Baptist Fellowship Meeting February 21, 2006 Victory Baptist Church Okeechobee, Florida PREAMBLE “Forasmuch as... Unregistered Baptist Fellowship http://www.freerepublic.com/focus/f-religion/2402143/posts#comment Mon, 7 Dec 2009 17:52:19 GMT http://www.freerepublic.com/focus/f-news/2401645/posts Rachel Porcaro knows she's hardly rich. When you're a single mom making 10 bucks an hour, you don't need government experts to tell you how broke you are. But that's what happened. The government not only told Porcaro she was poor. They said she was too poor to make it in Seattle. It all started a year ago, when Porcaro, a 32-year-old mom with two boys, was summoned to the Seattle office of the Internal Revenue Service (IRS). She had been flagged for an audit. She couldn't believe it. She made $18,992 the previous year cutting hair at Supercuts. A... Seattle Times http://www.freerepublic.com/focus/f-news/2401645/posts#comment Sun, 6 Dec 2009 20:48:00 GMT http://www.freerepublic.com/focus/f-news/2400797/posts US tax officials have sold off thousands of acres of an impoverished Indian reservation in what the tribe claims is a "shameful" and unprecedented breach of laws protecting Native Americans. The 7,112 acres - or 11 square miles - of Crow Creek Sioux ancestral land in central South Dakota was auctioned off on Thursday by the US Internal Revenue Service to help pay off more than $3.1 million (£1.9 million) in unpaid taxes, penalties and interest. The land, part of the tribe's original reservation established in an 1868 treaty, was originally held by the federal government in a trust for... The Telegraph http://www.freerepublic.com/focus/f-news/2400797/posts#comment Sat, 5 Dec 2009 07:02:04 GMT http://www.freerepublic.com/focus/f-news/2395991/posts A spokesman for Gov. Arnold Schwarzenegger said today that an Internal Revenue Service lien against the governor for $79,064 in unpaid taxes was "a minor paperwork tracking discrepancy that is now being resolved." Aaron McLear, Schwarzenegger's press secretary, said in an e-mail that the governor was not aware until today that the IRS had filed a lien in Los Angeles County last May for taxes from 2004 and 2005. Sacramento Bee http://www.freerepublic.com/focus/f-news/2395991/posts#comment Sat, 28 Nov 2009 20:35:18 GMT http://www.freerepublic.com/focus/f-news/2395631/posts According to documents filed in L.A. County Superior Court, Arnold Schwarzenegger owes the IRS $39,047 from 2004 and $40,016 from 2005. In total the Guv owes $79,064.00 ... and as we all know, he's definitely not saving the money for rainy day traffic violations. http://www.aolcdn.com/tmz_documents/1125_schwarzeneggar.pdf http://www.freerepublic.com/focus/f-news/2395631/posts#comment Sat, 28 Nov 2009 00:11:06 GMT http://www.freerepublic.com/focus/f-bloggers/2392065/posts The nation’s oldest taxpayer group slammed the Senate for moving forward with debate on Majority Leader Harry Reid’s enormous health care “reform” legislation. Packed to the gills with tax hikes, more government spending, and damaging regulations, this bill would add tremendous burdens to taxpayers while ignoring some of the fundamental problems with America’s health care system. Andrew Moylan, Director of Government Affairs for the 362,000-member National Taxpayers Union (NTU) provided the following the statement on behalf of his organization: THE FREEDOM POST http://www.freerepublic.com/focus/f-bloggers/2392065/posts#comment Sun, 22 Nov 2009 16:54:45 GMT http://www.freerepublic.com/focus/f-news/2391823/posts Gov. Charlie Crist’s office is “looking into” the possibility of removing embattled attorney Scott Rothstein from the state’s Judicial Nominating Committee. Rothstein has offered to surrender his license to practice law. But, he may remain a member of JNC unless, or until, he’s charged with a felony crime. Gov. Charlie Crist named Rothstein to the JNC in August 2008. “Typically, the governor would only step in when felony charges are filed against a public official,” said Sterling Ivey, Crist’s spokesman. “Whether we will act before that point in this case is not clear yet. Our legal office is looking into... The South Florida Business Journal http://www.freerepublic.com/focus/f-news/2391823/posts#comment Sun, 22 Nov 2009 03:56:39 GMT http://www.freerepublic.com/focus/f-bloggers/2389419/posts The Council on American-Islamic relations (CAIR) is an organization created with the intent to fund Hamas. It was named an unindicted co-conspirator in the Holy Land Terror funding trial case. In one key piece of Wiretap evidence presented in the case CAIR's executive director, Nihad Awad, was found at a Philadelphia meeting of Hamas leaders secretly recorded by the FBI. Participants hatched a plot to deceive Americans and disguise payments to Hamas as it launched a campaign of terror attacks. In other words, THEY BROKE THE THE LAW. Beyond the support of terrorism, CAIR has been working to guilt non-Muslims... WND/The Lid http://www.freerepublic.com/focus/f-bloggers/2389419/posts#comment Wed, 18 Nov 2009 23:28:38 GMT http://www.freerepublic.com/focus/f-news/2387861/posts The government’s watchdog over the bank bailout program is criticizing Treasury Secretary Timothy Geithner’s handling of one of the most sensitive moments of last year’s financial meltdown, questioning decisions he made while heading up the New York Federal Reserve Bank. The new report criticizes the New York Fed’s decision in the fall of 2008 to bail out insurance giant AIG by covering its clients’ losses, sending tens of billions in taxpayer dollars to overseas banks. Politico http://www.freerepublic.com/focus/f-news/2387861/posts#comment Tue, 17 Nov 2009 01:33:42 GMT http://www.freerepublic.com/focus/f-news/2388276/posts BERN, Switzerland -- American clients who each hid more than 1 million Swiss francs in undeclared bank accounts with UBS AG between 2001 and 2008 could have their details turned over to the U.S. government, Swiss officials said Tuesday. The Swiss Justice Department unveiled the criteria used to determine which 4,450 UBS ( UBS - news - people ) customers risk disclosure to U.S. tax authorities as part of a deal to end a major tax evasion investigation against the bank. The Internal Revenue Service had initially sought the names of some 52,000 American clients at UBS believed to be... Forbes | AP http://www.freerepublic.com/focus/f-news/2388276/posts#comment Tue, 17 Nov 2009 16:39:58 GMT