Irs


Facebook Being Investigated by the IRS

Facebook Being Investigated by the IRS

The US Justice Department just filed a petition in court so that Facebook would be forced to comply with the ongoing IRS invest...

Jul 7 2016, 3:21pm CDT

IRS

IRS Retains Limits on 401ks, 403bs, other Retirement Plan Contributions for 2016

The Internal Revenue Service (IRS) has just announced retirement plan contribution limits for 2016, and most of the limits alre...

Oct 23 2015, 9:00am 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

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

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 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

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

 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

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

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

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

IRS Gets New Boss As It Readies For The 2014 Tax Filing Season

IRS Gets New Boss As It Readies For The 2014 Tax Filing Season

Guess what the Internal Revenue Service is getting for Christmas? A new boss. John Koskinen has been confirmed by the Senate as...

Dec 20 2013, 10:11pm CST

IRS Announces Start Date To 2014 Business Tax Season

IRS Announces Start Date To 2014 Business Tax Season

The Internal Revenue Service is on a roll! After announcing that the 2014 tax season would open on January 31, 2014, for indivi...

Dec 20 2013, 2:51pm CST

Honda FCX Hydrongen Fuel Cell Car to get $12,000 IRS Tax Credit

Honda FCX Hydrongen Fuel Cell Car to get $12,000 IRS Tax Credit

The IRS has a history of giving tax breaks to buyers of hybrid vehicles that help reduce pollution. For example the Toyota Priu...

Aug 9 2007, 2:07pm CDT