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- Mitch McConnell on beating tea party: ‘We are going to crush them’
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Taxpayers must pay the freight for over-budget train projects
Topic - Tax Administration
A tax (from the Latin taxo; "rate") is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many administrative divisions. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. - Source: Wikipedia
There's no mystery about why the three letters IRS strike fear into every heart. As far back as 1819, nearly a century before the income tax was imposed by Congress, Supreme Court Chief Justice John Marshall observed that the power to tax is the power to destroy. The IRS has perfected and refined the power.
Congress now wants answers to questions surrounding Christine O'Donnell's personal tax records and whether the Delaware Republican's private information was illegally accessed and ultimately used in an effort to derail her 2010 U.S. Senate bid.
The IRS itself is paying tax-cheat companies hundreds of millions of dollars a year for services, according to a new internal audit releasedWednesday.
While the White House continues to struggle with technical issues on the health care insurance website, the Internal Revenue Service is experiencing its own glitches costing millions.
A new cost-saving computer technology being implemented by the IRS has left the agency vulnerable to hacking, putting taxpayers' info at risk, an investigative report has found.
House Oversight and Government Reform Committee Chairman Darrell E. Issa has subpoenaed Treasury Secretary Jack Lew for documents and communications related to the IRS tea party targeting scandal.
The Internal Revenue Service stopped $1.2 billion in payments for fraudulent tax returns in the first four months of 2013 alone but is still vulnerable to a lack of information from the private sector, a new investigative report has found.
The IRS is using some computer software that it hasn't paid for, and is paying for other programs its employees aren't even using, according to a new audit released Tuesday that said the tax agency could be violating copyright laws.
An attorney for the high-ranking IRS official who ignited the agency's political targeting scandal with a public apology this month plans to invoke her right to remain silent instead of answering questions from top House investigators on Wednesday.
Democratic lawmakers on the Senate Finance Committee said Tuesday the IRS, while engaging in "unacceptable" targeting of conservative groups, may have been set up for failure by campaign finance law ambiguities that allowed tax-exempt groups to engage in partisan politics without disclosing their donors.
While the IRS has admitted it made mistakes vetting tea party and other conservative groups seeking tax exempt status, the agency has rejected two of nine recommendations that a government watchdog says are needed to ensure the problems don't happen again.
An independent government watchdog said the Internal Revenue Service used "inappropriate criteria" and blamed "ineffective management" when reviewing applications from tea party groups seeking tax exempt status.