Internal Revenue Service


The Biggest Winner In Triple Crown Betting

The Biggest Winner In Triple Crown Betting

Some 15 million people will watch California Chrome June 7th, many pulling for California Chrome. A Triple Crown Winner would b...

Jun 7 2014, 1:23pm CDT

IRS is Taxing Tax Day Freebies?

IRS is Taxing Tax Day Freebies?

The list of Tax Day Freebies and discounts grows every year. Tax Day can be painful, so collecting fun perks that also hel...

Apr 15 2014, 4:35am CDT

Lois Lerner should be charged according to House Republicans

Lois Lerner should be charged according to House Republicans

The accusation is going to be of three crimes relating to the IRS’s targeting of conservative groups seeking tax exempt status...

Apr 8 2014, 10:59am CDT

World Travel, Great. On Uncle Sam? Priceless

World Travel, Great. On Uncle Sam? Priceless

Reading Deborah Jacobs piece, How To Follow Your Dream And Spend Your Retirement Traveling The World, got me thinking. You...

Apr 5 2014, 9:26pm CDT

How Long Can IRS Audit? It All Depends On You

How Long Can IRS Audit?

In most cases, the IRS has three years after you file to audit. If the IRS shows up after that, you may be able to point out th...

Apr 3 2014, 8:11am CDT

IRS Says Bitcoin is Property Not Currency

IRS Says Bitcoin is Property Not Currency

The IRS passed some legislation according to which Bitcoin is a property, not a legal currency in tax system. And Bitcoin is to...

Mar 26 2014, 3:42am CDT

Finding Lost Bitcoin Could Mean IRS Finds You

Finding Lost Bitcoin Might Mean IRS Finds You

The bankrupt Japanese Bitcoin exchange MtGox discovered over 200,000 lost Bitcoins valued at over $116 million. The coins...

Mar 23 2014, 2:00pm CDT

E-File Tax Return: TurboTax Resolves Tax Return Issues

E-File Tax Return: TurboTax Resolves Tax Return Issues

IRS is already offering free e-file program that makes tax filing quite an easy proposition. But TurboTax 2014 is also there to...

Mar 22 2014, 7:11am CDT

Bitcoin's Keyser Söze Revealed?

Bitcoin's Keyser Söze Revealed?

The controversy roiling the Bitcoin community continues with the outing and then cloaking of the man fingered by Newsweek ...

Mar 8 2014, 9:00am CST

IRS.gov Updates IRS2Go Smartphone App

IRS.gov Updates IRS2Go Smartphone App

IRS.gov has developed a free smartphone app called IRS2Go. An updated version of this app is now available for both iOS and And...

Mar 8 2014, 4:24am CST

Gambler Who Lost $500,000 In Vegas Sues Casino: 'Too Drunk To Gamble'

Gambler Who Lost $500,000 In Vegas Sues Casino: 'Too Drunk To Gamble'

Turns out what happens in Vegas doesn’t stay in Vegas after all. When you drop $500,000 in Las Vegas, someone should pay....

Mar 7 2014, 8:01am CST

Oscar Freebies Balloon To $80K (Don't Tell IRS)

Oscar Freebies Balloon To $80K (Don't Tell IRS)

No matter who you are, it is somehow fun to receive free stuff. Perhaps it is less fun for the truly wealthy, but it’s still fu...

Mar 1 2014, 9:01am CST

IRS.Gov Free App Update is Now Available

IRS.Gov Free App Update is Now Available

An updated version of the IRS.gov developed free smartphone app IRS2Go is now available for both iOS and Android devices....

Feb 26 2014, 1:19am CST

IRS Goes Mobile

IRS Goes Mobile

Looking for tax information on the go? The Internal Revenue Service has released the update to its smartphone application for t...

Feb 10 2014, 8:47am CST

Tax E-File Now Available Free

Tax E-File Now Available Free

The e-filing of tax returns has been started. IRS has started free e-file program that makes tax filing quite an easy propositi...

Feb 8 2014, 2:12am CST

The IRS and the Statute Limitations on their Ability to Prosecute Tax Fraud

The IRS and the Statute Limitations on their Ability to Prosecute Tax Fraud

If you’re starting to think about tax filing season, you’re not alone. As always occurs in the run-up to April 15th, the govern...

Feb 5 2014, 11:30pm CST

IRS e-file Program Starts

The e-filing tax returns has been started. The IRS free e-file program makes tax filing quite an easy proposition....

Feb 3 2014, 11:55am CST

The End Of The (Silk) Road For Bitcoin Millionaire As IRS, Fed

The End Of The (Silk) Road For Bitcoin Millionaire As IRS, Fed Agencies Make Arrests

We used to assume that crime happened in predictable places: dark alleys and dicey street corners. In reality, some of the bigg...

Feb 1 2014, 6:25am CST

IRS: Don't Call Us, Look It Up On IRS.Gov

IRS: Don't Call Us, Look It Up On IRS.Gov

As the Internal Revenue Service begins  processing an expected 148 million individual income tax returns for 2013, IRS Com...

Jan 31 2014, 4:55pm CST

Higher Minimum Wages Means More Independent Contractors

Higher Minimum Wages Means More Independent Contractors

Did President Obama just make independent contractor v. employee issues bigger? Arguably, yes. His State of the Union...

Jan 29 2014, 2:22am CST

7 Crippling and Costly Mistakes With Form 1099

7 Crippling and Costly Mistakes With Form 1099

It’s Form 1099 season, and companies big and small are churning them out. If you’re in business–even as a sole proprietor–you n...

Jan 28 2014, 4:46am CST

 The Grammys Taxes and the IRS

Grammys Taxes and the IRS

The Grammys award show is a big production, which GRAMMY.com calls Music’s Biggest Night. Awards are coveted for their st...

Jan 27 2014, 5:00am CST

Irs.gov Offers Free File Program

Irs.gov Offers Free File Program

The governmental shutdown has caused the date for filing tax returns to be postponed to January 31st. However, the Irs.gov free...

Jan 22 2014, 4:57am CST

Writing Off Justin Bieber's $75,000 Strip Club Bill

Writing Off Justin Bieber's $75,000 Strip Club Bill

Justin Bieber allegedly dropped $75,000 in just a few hours in a Miami strip club. The King of Diamonds club told TMZ that Mr....

Jan 22 2014, 2:26am CST

Gun-Toting At The IRS

Gun-Toting At The IRS

The IRS wields enormous power, but should agents be armed too? With all of the controversy facing the IRS and the tax system th...

Jan 18 2014, 3:36pm CST

Worldwide Travel, Write It Up, Write It Off

Worldwide Travel, Write It Up, Write It Off

You have to admit it sounds awfully good. Travel the world, write your experiences, and write off all your expenses on your tax...

Jan 17 2014, 1:11am CST

Even U.S. Banks Must Aid IRS Hunt For Offshore Accounts

Even U.S. Banks Must Aid IRS Hunt For Offshore Accounts

Banks worldwide may not like FATCA, the massive American disclosure law. But most banks everywhere are still lining up to compl...

Jan 16 2014, 12:56am CST

Bitcoin Breaks Out, You Can Now Pay The IRS In Cryptocurrency

Bitcoin Breaks Out, You Can Now Pay The IRS In Cryptocurrency

As bitcoin moves away from being known only to the tech cognoscenti and becomes a real viable currency that is adopted broadly,...

Jan 15 2014, 5:21pm CST

Will Overstock Force IRS To Make Up Its Mind About Bitcoin?

Will Overstock Force IRS To Make Up Its Mind About Bitcoin?

Overstock raised eyebrows earlier this month when the retailer announced it would accept Bitcoin as payment. While Bitcoin has...

Jan 13 2014, 11:01pm CST

Top 10 Most Litigated Tax Issues

Top 10 Most Litigated Tax Issues

What happens when a taxpayer disagrees with the Internal Revenue Service? Some people think that the matter ends there: the IRS...

Jan 11 2014, 3:51pm CST

Report To Congress: IRS Is Increasingly Unable To Meet Taxpayer Needs

Report To Congress: IRS Is Increasingly Unable To Meet Taxpayer Needs

When Congress threatened “right-sized” budget cuts for the Internal Revenue Service last July, it was a clear swipe at the agen...

Jan 9 2014, 10:56pm CST

IRS Seeking Volunteers To Help Taxpayers File For Free

IRS Seeking Volunteers To Help Taxpayers File For Free

“Occupation?” I asked. “Spy,” he replied, looking at me with his eyes sparkling, daring me to disagree. I nodded. And then I ty...

Jan 9 2014, 9:06pm CST

Filing Your Taxes Early? IRS Will Not Process Returns Before Opening Day

Filing Your Taxes Early? IRS Will Not Process Returns Before Opening Day

Despite the announcement from the Internal Revenue Service about the late start to tax season, taxpayers are already confused....

Jan 8 2014, 9:11pm CST

Do You Speak IRS? Tax Resources Available In Many Languages

Do You Speak IRS? Tax Resources Available In Many Languages

Pferd. Kuh. Ente. Gelb. Rot. Blau. Throw in a few numbers and you now have the extent of my ability to speak German. Farm anima...

Jan 8 2014, 10:41am CST

I4U news

Taxing Bitcoin: IRS Review Will Have Big Implications For Investors In Virtual Currency

By now most everyone has heard of Bitcoin. But exactly what is it? And how should it be taxed? Bitcoin is usually described as...

Jan 7 2014, 2:56pm CST

Jodie Sweetin Paid off Tax to IRS

Jodie Sweetin Paid off Tax to IRS

Jodie Sweetin has finally paid off an income tax amounting to $53,000 to the IRS....

Jan 7 2014, 8:13am CST

IRS: New Year, New Rules

IRS: New Year, New Rules

There are a lot of changes brewing in the tax world for 2014. Some changes are the result of things Congress did – and even mor...

Jan 3 2014, 2:36pm CST

Top Tax Stories Of 2013

Top Tax Stories Of 2013

When it comes to taxes, one thing you can’t say about 2013: it definitely wasn’t boring. Here are the top ten most popular tax...

Jan 1 2014, 10:36pm CST