SAN FRANCISCO (MarketWatch) — If you’ve got money stashed in overseas accounts that you’ve failed to report to the Internal Revenue Service, the tax agency wants to give you another chance to come forward. The IRS said Monday that it’s ...
The federal government arrested 58 people over the past week in a national crackdown on identity theft led by the Internal Revenue Service and the Department of Justice, the tax agency said Tuesday.
Today the Internal Revenue Service released information about how employers can claim the newly-expanded tax credit for hiring veterans. It also extended some deadlines for firms claiming the credit.
The U.S. Treasury Department's proposed rule implementing the Foreign Account Tax Compliance Act, published Wednesday, yielded some concessions to critics but still requires new work by financial institutions.
With this year's tax-filing season up and running, the Internal Revenue Service once again wants taxpayers to be aware of IRS Free File, a program gives people with low and moderate incomes access to tax-prep software and provides a wide ...
Small-business representatives claimed another victory over Washington with an Internal Revenue Service decision to relieve retailers and others of a potential tax-compliance headache.
Frequent-flier miles awarded for opening new accounts sometimes come with a big catch: taxes Thousands of Citibank customers received notices in January saying the miles they received for opening new accounts in 2011 produced taxable income. ...
Don’t miss these top stories: 12 tax tips for January Got money offshore? IRS starts new amnesty program The road ahead for taxes Earlier this week the IRS announced a new version of its offshore-account disclosure program. This is the third ...
If you earned $1 million or more last year, your chances of being audited last year doubled compared to 2009. According to new data released by the IRS, 12.5% of million-dollar-plus earners were audited in 2011. That's up from 8% in 2010 and ...
SAN FRANCISCO (MarketWatch) — Most people don’t have tax returns as complex as Mitt Romney, Newt Gingrich or Barack Obama, but even if you aren’t reporting a Cayman Island account or many millions in S-corp. profits or book sales, there are ...
SAN FRANCISCO (MarketWatch) — The IRS raised the standard mileage rate, which is used to deduct the cost of business-related driving, in an unusual midyear move back in June — and that elevated rate will stay in place for 2012, the IRS said ...
WASHINGTON—The Treasury Department and the governments of five European nations reached broad agreement Wednesday on a proposal to prevent U.S. taxpayers from dodging taxes through foreign accounts.