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October 7, 2008 4:48:52 PM CDT

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Stories related to: IRS

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Stories 1 - 20 of 29

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  • September 2008

    • Clerics to Defy IRS, Endorse Candidates From Pulpit

      Los Angeles Times  |  Sep 25, 08 12:08 PM CDT

      Clerics to Defy IRS, Endorse Candidates From Pulpit

      (Newser) - Pastors from 22 states plan to purposely defy the IRS this Sunday by endorsing presidential candidates in their sermons, the LA Times reports. The so-called “pulpit initiative” aims to trigger a legal showdown, testing the constitutionality of the law forbidding such endorsements by tax-exempt groups. “There is nobody who will ever tell me what I can and cannot say from behind my pulpit,” said one reverend, “except the spirit of God.” More »

    • IRS Loosens Deadlines For Taxpayers Pummeled by Ike

      Associated Press  |  Sep 18, 08 3:06 PM CDT

      IRS Loosens Deadlines For Taxpayers Pummeled by Ike

      (AP) - Taxpayers in Texas counties and Louisiana parishes hit by Hurricane Ike will get until Jan. 5 to take care of tax filings and payments due this fall, the Internal Revenue Service said today. The IRS said the deadline extensions apply to 29 Texas counties and 14 Louisiana parishes declared presidential disaster areas. More »

      Tags

      Texas  • Louisiana  • Hurricane Ike  • IRS  • Galveston  • Internal Revenue Service  • tax

  • August 2008
  • July 2008

    • UBS: No More Swiss Cheese for US Clients

      Wall Street Journal  |  Jul 17, 08 3:08 PM CDT

      UBS: No More Swiss Cheese for US Clients

      (Newser) - A UBS executive told a Senate probe today the bank will no longer host accounts for US clients, the Wall Street Journal reports. The Swiss bank is under investigation by the IRS for marketing tax-evasion strategies involving its offshore accounts to wealthy Americans. The Senate panel estimates that the US loses about $100 billion annually due to offshore tax evasion. More »

      Tags

      Senate  • taxes  • UBS  • IRS  • tax evasion  • Swiss bank  • savings account

    • Judge Orders UBS to Cough Up Clients' Names

      New York Times  |  Jul 1, 08 5:20 PM CDT

      Judge Orders UBS to Cough Up Clients' Names

      (Newser) - UBS must share the names of account holders with prosecutors investigating tax-evasion allegations against the Swiss bank's clients, a federal judge ruled this afternoon. Whether the bank would comply or appeal wasn't known, but UBS said in a statement it "looks forward to working with the IRS to address the summons," the New York Times reports. More »

      Tags

      UBS  • IRS  • Swiss bank

  • June 2008

    • Millions Skip Filing for Stimulus

      CNN  |  Jun 20, 08 9:53 AM CDT

      Millions Skip Filing for Stimulus

      (Newser) - Roughly 5 million people who qualify for a stimulus check could be out of luck because they haven't filed a tax return, CNN reports, and the IRS is scrambling to let them know. These un-stimulated masses consist mostly of seniors and veterans who don’t normally file returns. “I think there are some natural barriers to getting some folks to want to file a return again,” one IRS employee theorized. More »

    • Salty Senate Candidates Heating Up Alaska

      Wall Street Journal  |  Jun 19, 08 4:18 PM CDT

      Salty Senate Candidates Heating Up Alaska

      (Newser) - A sweltering Senate contest looks likely to warm up Alaska come November, Katherine Rizzo writes in the Wall Street Journal , as “cantankerous bully” and 40-year incumbent Ted Stevens faces the mayor of Anchorage in what’s already a mudfest. Democrat Mark Begich has reminded voters of Stevens’ convict friends and of the federal search of the Republican's home—and Ted has pushed right back. More »

      Tags

      FBI  • Alaska  • negative campaigning  • Ted Stevens  • IRS  • eviction  • Mark Begich

    • Sleight of Hand Has IRS After Billionaire

      Wall Street Journal  |  Jun 9, 08 1:45 PM CDT

      Sleight of Hand Has IRS After Billionaire

      (Newser) - The IRS is going after the US’ 41st-richest man, the Wall Street Journal reports, as part of a larger move to curtail one method of skirting capital-gains taxes. Philip Anshutz owes $143.6 million in back taxes on a “variable prepaid forward contract” deal he made in 2000 and 2001; though the billionaire claims a technicality, the agency is looking into similar transactions. More »

      Tags

      IRS  • tax evasion  • stock  • capital gains tax  • loopholes

    • UBS Case May Reveal Secrets of the Rich

      New York Times  |  Jun 6, 08 7:40 AM CDT

      UBS Case May Reveal Secrets of the Rich

      (Newser) - The Swiss bank UBS built itself into a financial powerhouse on the strength of its private wealth management division, in which discreet bankers tended to the fortunes of the world's elite. But a major American tax evasion probe may lead UBS to do what was once unthinkable: divulge its secrets. The bank might release the names of up to 20,000 clients to the feds, and the rich are running scared, the New York Times reports. More »

      Tags

      banking  • UBS  • IRS  • tax evasion  • secrecy  • Swiss bank

  • May 2008

    • IRS Employees Charged With Sneaking Into Records

      ComputerWorld  |  May 16, 08 5:26 PM CDT

      IRS Employees Charged With Sneaking Into Records

      (Newser) - Five employees at a California branch of the Internal Revenue Service have been charged with illegally inspecting citizens’ tax information, ComputerWorld reports. Exactly whom the workers were snooping on was not disclosed, but there were up to 13 victims, all in 2006. Court dates on misdemeanor charges are pending for all suspects. More »

      Tags

      taxes  • IRS  • misdemeanor  • audit

  • April 2008