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July 25, 2008 1:00:53 PM CDT

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Stories related to: Internal Revenue Service

Stories

10 Stories

  • July 2008

    • Feds Battle UBS to Give Up Tax Dodgers

      newser  |  New York Times  |  Jul 1, 08 2:43 AM CDT

      Feds Battle UBS to Give Up Tax Dodgers

      The Justice Department is pressing UBS for the names of suspected tax dodgers with secret bank accounts in Switzerland, the New York Times reports. Federal authorities believe the Swiss bank may have helped up to 20,000 Americans stash $20 billion in offshore accounts, evading hundreds of millions in taxes. The investigation threatens to rock the Swiss banking system, which has tightly guarded its secrets since the Middle Ages. More »

      Tags

      banking  • UBS  • tax evasion  • tax fraud  • Internal Revenue Service  • Swiss bank

  • May 2008
  • April 2008

    • Will Tax Rebates Boost Economy? Test Starts Today

      newser  |  New York Times  |  Apr 29, 08 7:58 AM CDT

      Will Tax Rebates Boost Economy? Test Starts Today

      The first tax rebates designed to kick-start the economy should begin arriving in bank accounts today. The Treasury Department has begun sending electronic rebates to nearly 8 million people by the end of this week, and some 130 million checks will go out via snail mail in May. President Bush hopes taxpayers will spend the cash—up to $600 for individuals, $1,200 for couples—but economists say many will save it or pay off debts. More »

      Tags

      economy  • credit card  • Treasury Department  • economic stimulus package  • tax rebate  • Internal Revenue Service  • savings  • retail businesses

    • Snipes Gets 3 Years in Prison

      newser  |  WESH 2  |  Apr 24, 08 5:21 PM CDT

      Snipes Gets 3 Years in Prison

      A Florida judge today sentenced Wesley Snipes to the maximum 3 years in federal prison for failing to file his taxes, WESH-TV of Orlando reports. Snipes received no fine, though he could have been hit for $5 million. During sentencing, the judge noted the actor's long history of ignoring tax laws. He said that Snipes will be notified when to report to prison and that he would try to place him in one near his New Jersey home. More »

      Tags

      income tax  • tax fraud  • Internal Revenue Service  • Wesley Snipes

    • Denzel, Others Go to Bat for Snipes

      newser  |  Ocala Star-Banner  |  Apr 23, 08 9:35 PM CDT

      Denzel, Others Go to Bat for Snipes

      Wesley Snipes is not merely an actor trying to get out of a jail sentence on tax charges. He is a "mighty oak," says Denzel Washington. "True citizen of the world," says Woody Harrelson. "Goodness in his heart," says Judge Joe Brown. Snipes is hoping such character references will persuade a judge to go easy on him at tomorrow's sentencing, the Ocala (Fla.) Star-Banner reports. More »

      Tags

      taxes  • celebrity trials  • Denzel Washington  • Internal Revenue Service  • Wesley Snipes

    • Top 10 Celebrity Tax Troubles

      newser  |  Access Hollywood  |  Apr 15, 08 5:39 PM CDT

      Top 10 Celebrity Tax Troubles

      Tax day can be a hassle, but at least most of us don't have to worry about the glare of the media spotlight, too. Access Hollywood rounds up the top 10 celebrity tax controversies. Damon Dash: New York State billed the music mogul $2 million. Joe Francis: Girls Gone Wild guru indicted for tax evasion. Willie Nelson: Nicked for $16.7 million by the IRS. Wesley Snipes: Could face jail time over shaky books, failure to file. Marc Anthony: Had to pay $2.5 million in back taxes. More »

      Tags

      celebrity  • Annie Leibovitz  • Internal Revenue Service  • Wesley Snipes  • tax  • Willie Nelson

  • March 2008

    • Gov. 'Met 8 Women for $80K Sex'

      newser  |  Newsday  |  Mar 12, 08 6:26 AM CDT

      Gov. 'Met 8 Women for $80K Sex'

      New York Gov. Eliot Spitzer had eight or more trysts with prostitutes from the Emperors Club escort agency over the last several years, a source has told Newsday . The sexual encounters, costing as much as $80,000 in cash, unfolded in hotels in Washington, Florida and elsewhere. Spitzer allegedly paid for the encounters by wiring money to front companies set up by the New Jersey operation. One call girl who claimed to have spent time with the governor described him to ABC News as a good tipper. More »

      Tags

      Eliot Spitzer  • sex scandal  • prostitution ring  • prostitute  • wiretap  • Emperors Club  • Albany  • Internal Revenue Service  • Mayflower Hotel  • call girls

  • January 2008

    • IRS May Block Popular Instant Refunds

      newser  |  Bloomberg  |  Jan 4, 08 10:57 AM CST

      IRS May Block Popular Instant Refunds

      The IRS may stop big tax-preparation firms from offering instant refund loans to curb potential fraud, Bloomberg reports. Such loans are popular with taxpayers who don't want to wait weeks for a check, but interest is often steep and consumer groups have been pushing for a crackdown. The proposed change would not affect this year's taxes. More »

      Tags

      IRS  • income tax  • tax fraud  • Internal Revenue Service

  • October 2007

    • A New High: 1% of Rich Have 21.1% of Riches

      newser  |  Wall Street Journal  |  Oct 12, 07 10:50 AM CDT

      A New High: 1% of Rich Have 21.1% of Riches

      The wealthiest 1% of Americans hit a 21.1% record share of the nation's income, according to IRS figures released yesterday. While the data don't point to a specific cause, the Journal cites the heretofore booming stock market. The previous peak of 20.8% was in 2000, also at the height of a stock bubble, and academics speculate similar conditions prevailed in the 1920s. More »

      Tags

      recession  • Internal Revenue Service  • income disparity

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