The Internal Revenue Service is making it easier for some taxpayers who can't pay their taxes in full to do so over time, without the fear of accruing substantial penalties and interest. Additionally, the IRS has announced that it will give taxpayers who were out of work for a long period in 2010 … [Read more...] about IRS offers ways to cut down on penalties for unpaid taxes
Groups questioning IRS investigations over tax-exempt label
The Internal Revenue Service and several conservative political groups, including the Waco Tea Party of Texas, are squabbling over the groups' applications for tax-exempt status. IRS officials say they must compile information to determine whether a group can qualify for the status. To be … [Read more...] about Groups questioning IRS investigations over tax-exempt label
Anti-war activist says she won’t pay back taxes
A woman who camped out near former President George W. Bush's Texas ranch to protest the war in Iraq admits she is delinquent in filing several years of tax returns. Now, the Internal Revenue Service is asking her to turn over financial records in an effort to try to force her into the filing of … [Read more...] about Anti-war activist says she won’t pay back taxes
Ex-IRS agent sentenced in fraud
A former agent for the Internal Revenue Service allegedly abused his position of power when he filed fraudulent tax returns, the government said. Now, the Mansfield, Texas, man will spend nearly nine years in prison for it. A U.S. District Court judge in Dallas gave the man a 105-month prison … [Read more...] about Ex-IRS agent sentenced in fraud
IRS offers chance to disclose offshore money
Texans -- or residents of any state, for that matter -- who have chosen to keep their funds in an overseas bank can come clean about their hidden assets, then pay owed taxes, penalties and interest without worrying about the federal government prosecuting them. The Internal Revenue Services has … [Read more...] about IRS offers chance to disclose offshore money
Lower IRS budget could lessen revenues
Shrinking the Internal Revenue Service's budget could diminish the power of the IRS as a collection agency and sharply cut its ability both to discover tax cheats and to help Texas taxpayers, a tax monitor has warned. The IRS budget for the year is $11.8 billion, or a $300 million reduction from … [Read more...] about Lower IRS budget could lessen revenues