Tax & IRS News

Up to the minute tax news and headlines about the International Revenue Service and tax law. Current articles and updates about the IRS and federal tax code.

Swiss bank indictment details tax evasion ploys
NEW YORK - It was a cool August Tuesday in 2007 when Swiss banker Urs Frei walked into a Manhattan restaurant for meetings with two U.S. clients.
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Swiss banks and American taxes: Pawn sacrifice
A MONTH ago, Konrad Hummler, managing partner of Wegelin & Co, the oldest Swiss private bank, said it was unlikely that an American court would charge his bank with tax fraud.
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IRS Proposes Regulations on Taxable Medical Devices
The Internal Revenue Service has issued proposed regulations to provide guidance on the excise taxes imposed on the sale of medical devices under the health care reform law.
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Federal Regulations for T12 Fluorescent Lamps, Incandescents, and EPAct Tax Deductions
Are EPAct 's days numbered? The law, which provides tax deductions for energy efficiency measures that meet certain requirements, is currently set to expire on Dec.
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Frequent-Flier Tax Traps
The tax treatment of frequent-flier miles is at center stage following the disclosure that thousands of Citibank customers received notices in January that miles they received for opening new accounts last year produced taxable income.
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Newt and the NEWT Act
Twelve days after Gingrich, a Republican presidential hopeful, made his return public, Stark proposed the Narrowing Exceptions for Withholding Taxes Act.
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Taxing Times: Fewer tax changes, thanks to gridlock
The good news is that there aren't a slew of tax-law changes to deal with this year, thanks in part to political gridlock in Washington.
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Facebook Nation needs a constitution
When David Cameron became Britain's Prime Minister, he made an appointment to talk to another head of state: Mark Zuckerberg.
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AARP Tax Aides Ready to Help at PAL
Seniors and others looking for tax help can find it at the Parsippany Police Athletic League Center .
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Romney's Tax Management Requires a Big Team and a Big Budget
Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at a campaign rally, Friday, Feb.
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Swiss Bank Wegelin Charged With Helping U.S. Tax Evasion
Wegelin & Co., the 270-year-old private bank, became the first Swiss lender to face criminal charges in a broadening U.S. crackdown on offshore firms suspected of helping Americans evade taxes.
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Swiss bankers' nerves fray after Wegelin indictment
The first indictment of a Swiss private bank over hiding untaxed money for wealthy Americans has heightened tension among private bankers fearful of being next in the firing line.
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Taxation of Frequent Flier Miles
The longstanding American tradition of not declaring miles as income is now at risk.
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IRS: Identity theft crackdown sweeps across the nation; more than 200 ...
WASHINGTON The Internal Revenue Service and the Justice Department recently announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part of a stepped-up effort against refund fraud and identity theft.
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10 overlooked ways to cut your taxes
Taxes. Sure you hate 'em, but you're stuck with 'em. Either that, or you're stuck in a federal jail cell.
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Same-Sex Spouses Could Spend Twice As Much To Get Their Taxes Done Right
THE TRUTH ABOUT SUPER BOWL WEEKEND: Our Bags Are Missing, And People Won't Stop Telling Us To 'Have A Super Day' No matter which side of the debate you fell at the time, there's no denying all eyes were on New York when lawmakers lifted the ban on same-sex marriage in July.
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Feds accuse Sandy man of tax fraud
A federal grand jury in Salt Lake has indicted a Sandy man for tax fraud and evading rules governing currency transactions.
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Man In The Sea Memorial Monument at the Washington DC Navy Yard
These replicas are not mass produced, and exquisite detail is put into each and every one of these on a one by one basis.
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DOJ Indicts Swiss Bank Wegelin on Tax Charges
In the first-ever indictment of an overseas bank in the U.S. for facilitating tax fraud, the Justice Department has charged Wegelin & Co., Switzerland's oldest bank, with allegedly conspiring to hide more than $1.2 billion from the Internal Revenue Service.
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Three things that the next president should do
Dorian Davis is a former MTV HITS star turned libertarian writer. He's been published in Business Week, NY Daily News, XY & more.
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