Tax News

The Latest

  • May 15, 2013

    The ranks of lobbyists are growing in Washington again as Congress flirts with a possible overhaul of the complex tax code.

    After declining for two years, the number of companies that hired a tax lobbyist, or lobbied on tax issues using in...

  • May 15, 2013

    Higher-level U.S. Internal Revenue Service officials took part in discussions as far back as August 2011 about targeting by lower-level tax agents of "Tea Party" and other conservative groups, according to documents reviewed by Reuters on Monday...

  • May 15, 2013

    The U.S. Internal Revenue Service suffers from weaknesses in a number of its internal financial controls, said a report released on Monday by the Government Accountability Office, the investigative arm of the U.S. Congress.

    The GAO report...

  • May 15, 2013

    It goes without saying that you should file your tax returns each year and pay what you owe. But if you mess up, there are ways to move beyond the problem.

    Except in cases of tax fraud, the U.S. Internal Revenue Service will generally work...

  • May 13, 2013

    When tax agents started singling out non-profit groups for extra scrutiny in 2010, they looked at first only for key words such as 'Tea Party,' but later they focused on criticisms by groups of "how the country is being run," according to...

  • May 13, 2013

    The U.S. Internal Revenue Service is under investigation for extra scrutiny it gave to conservative groups that applied for tax-exempt status, a practice that elicited complaints from the groups during the 2012 presidential election campaigns....

  • May 13, 2013

    Republican lawmakers called on Sunday for a broad investigation of the tax agency's acknowledgement that its agents had singled out conservative political groups for more scrutiny, and demanded that President Barack Obama make clear the action...

  • May 13, 2013

    The political goal is the same as it was in the mid-1980s: grassroots support for an overhaul of the U.S. tax code. But lawmakers' approach this time is thoroughly modern.

    The chairmen of Congress's tax-writing committees on Thursday...

  • May 9, 2013

    Just when you may have thought that federal tax policy was set - that January's "fiscal cliff" deal meant you could go about your financial life with multi-year certainty - Washington is again talking of comprehensive tax reform.

    Both key...