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.

Jobless Aid Passed by U.S. Senate, Sending $138 Billion Measure to House
The U.S. Senate approved a $138 billion measure that would extend unemployment benefits and provide additional aid to states in lawmakersa second major effort this year to boost the economy.
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Jimmy Smits back at NBC, Keri Russell going 'Wilde'
Former "West Wing" star Jimmy Smits is returning to NBC for a drama pilot about a different branch of government, and Keri Russell may be coming back to television, thanks to some of the "Arrested Development" crew.
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Florida Inmate and Family Indicted on Tax Fraud Charges
Jeffrey H. Sloman, United States Attorney for the Southern District of Florida; Daniel W. Auer, Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division; and John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation, Miami Field Office, announced that Shawn Clarke, a prison inmate, and three members of his ...
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Law students prepare taxes
As the days crawl by and the tax deadline of April 15 approaches, the procrastinators of America continuously put off paying their taxes.
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Senate Passes $138B Bill Extending Jobless Aid
The U.S. Senate approved a $138 billion measure that would extend unemployment benefits and provide additional aid to states in lawmakers' second major effort this year to boost the economy.
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Tuesday
Headlines Buncombe County schools extend school year To make up the latest snow days, Buncombe County School Superintendent Tony Baldwin has decided to extend the county schools system-wide calendar by two days.
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President Obama's Budget Gimmicks -- By: NRO Staff
The president's recent budget proposal would raise taxes by $3 trillion over the next decade.
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1099-ers: Get Your Stimulus Tax Credit
Freelancers need to properly file for their $400 stimulus tax credit.. Freelancers can now save a few bucks this year on their taxes, thanks to recent local and national law revisions.
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Cromartie Evaded Taxes, Headed to Prison
Columbia City Councilman E.W. Cromartie will go to prison for federal tax evasion under the terms of a federal district court plea agreement that surfaced this week.
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How do first-time homebuyers a
What types of homes will qualify for the tax credit? Any home that will be used as a principal residence will qualify for the credit, provided the home is purchased for a price less than or equal to $800k. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes and houseboats.
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Jury Convicts Local Couple Of Tax Evasion
A jury here on Monday convicted Edward K. Eastwood and Elina Gromova Eastwood, of Greeneville, of federal conspiracy, tax evasion, false statements, and financial transaction structuring charges.
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United States: Taxpayers Beware: IRS Intensifies Employment Tax Audit Initiatives - Duane Morris LLP
Last month, the Internal Revenue Service initiated an intensive employment tax research study of 6,000 randomly selected taxpayers as part of a national research program, or NRP, aimed at investigating tax compliance issues related to employment taxes, fringe benefits, independent contractor classification, expense reimbursements and other related ...
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Business briefs: Salon hosts fundraiser
Katrina Salon & Spa in Batavia will host its 2nd cancer awareness fundraiser in honor of local resident Brian J. McGrath, whose battle with melanoma lasted two years until his death in 2005 at age 36.
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Homebuilder Loss Claim Crumbles
A homebuilder's assertion that its losses are related to "product liability" had no foundation in existing law, says the IRS.
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FBAR Panic Was All A False Alarm
Limited partners and individual investors in private equity funds and hedge funds may remember last year's FBAR scare: IRS officials created confusion as to whether investors in offshore private equity and hedge funds would have to file a Report of Foreign Bank and Financial Accounts for tax purposes.
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U.S. Senate Set to Vote Today on Measure to Extend Unemployment Benefits
The U.S. Senate is set to approve a $138 billion plan that would extend unemployment benefits through the end of this year after eight Republicans joined Democrats yesterday to end efforts to block the plan.
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Roseville census responses count
With 2010 census packages due to be delivered to every household in the nation starting mid-month, concern is mounting that Placer and surrounding counties may lose out in the count.
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Say hello, wave goodbye?
A few weeks ago we had Joe Stack, crashing his plane into an IRS building in the name of tax freedom.
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Don't Miss These 10 Tax Deductions
April 15 is right around the corner and, in the last-minute scramble to file taxes, many of us forget to maximize our deduction power.
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"IRS" Tax Preparer Pleads Guilty to Fraud
A California tax preparer who controlled two bank accounts with the same initials as the Internal Revenue Service and the state's Franchise Tax Board has pleaded guilty to fraud and tax evasion.
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