Internal Revenue Service

Latest Internal Revenue Service Items
  • Political Scene

    The House has passed and sent to President Obama a bill to delay for a year an impending sharp cut in Medicare pay to doctors that threatened to disrupt care for the nation's seniors.

  • Assistant Attorney General Christine A. Varney says Bank of America's cooperation qualified it for a leniency program that requires restitution but no fines. (Associated Press)

    Bank of America to pay $137M, avoid conviction

    Bank of America agreed on Tuesday to pay $137.3 million in restitution to federal and state agencies for its role in a conspiracy to rig bids in the municipal bond derivatives market and as a condition of its admission to a Justice Department leniency program allowing it to avoid criminal convictions and fines.

  • Change in drug payment rule may trigger headaches

    A headache awaits people who use those tax-free health spending accounts to pay for over-the-counter allergy relievers, heartburn blockers and other drugstore remedies. Starting next year, you'll need a prescription for the drugs to qualify.

  • Big political donors face tax question

    Donors to nonprofit groups that are spending millions of dollars on political ads this election season have escaped public scrutiny because their contributions don't have to be disclosed. But can they escape a hefty tax bite?

  • Lawmakers urge review of bowl game tax complaint

    Four lawmakers, including a former college football kicker, are urging the Internal Revenue Service to "thoroughly examine" a tax complaint filed against three premier college football bowls.

  • Rove groups shoveling ad cash

    A deep-pocketed alliance with ties to top Republicans Karl Rove and Ed Gillespie is pumping more than $4 million into key Senate races in a single week of advertising, a crucial infusion to counter a surge in Democratic Party spending as Election Day draws near.

  • This 24 March, 2006 photo shows US Internal Revenue Service (IRS) tax forms. The deadline for filing federal income-tax returns is 17 April, 2006 this year, because the normal deadline of 15 April falls on a Saturday.   AFP PHOTO/Karen BLEIER

(Photo credit should read KAREN BLEIER/AFP/Getty Images)

    ZUBRIN: Tax tyranny is upon us

    Dear Republicans, I am writing this to ask to you take up arms on a critical issue, which you seem to be virtually ignoring - to your cost and that of the nation.

  • IRS asked to examine big-spending GOP-allied group

    Two organizations that advocate for tougher campaign finance rules are asking the Internal Revenue Service to investigate the tax-exempt status of a Republican-allied group that has been airing millions of dollars in political advertising.

  • Illustration: 1099 Paperwork by Greg Groesch for The Washington Times

    ELLIS: More paperwork and taxes for homeowners

    The U.S. House of Representatives is poised this week to send H.R. 5297 to President Obama's desk. It's a mixture of small tax breaks and tax increases, but one of the latter demonstrates how tone-deaf congressional Democrats have become. The tax increase in question imposes a new paperwork-filing burden on the 10 million homeowners who rent out their second homes - "landlords," to use the preferred derogatory nomenclature of the left. Starting in about 100 days, homeowners will have to issue 1099-MISC forms to any person or unincorporated firm with which they do at least $600 in business over the course of the year. Starting in 2012, this requirement will extend to any person or business of any kind with whom the homeowner does business at this level.

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