internal revenue service News

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One Tax Preparer Doubles as a Sex Worker, The Other Does Psychic Readings

Most of Lydia Tinker's customers come to her because she does a great tax return, but some come back because they want a psychic reading. For the past 35 years, Tinker, a licensed tax preparer in La Mesa, Calif., has offered psychic readings from the spirit world to her customers, many of whom would simply be happy with a...

Senate to Vote to Repeal Part of Obama's Health Law

WASHINGTON - Congress is poised to send the White House its first rollback of last year's health care law, a bipartisan repeal of a burdensome tax reporting requirement that's widely unpopular with businesses. Even President Barack Obama is eager to see it gone. The Senate is scheduled to vote on the bill Tuesday....

IRS Announces Amnesty Deal for Offshore Accounts

The Internal Revenue Service is offering a new amnesty deal for offshore accounts, promising that tax evaders who pay their debts won't face prosecution but making it clear that those who do not could end up behind bars. IRS Commissioner Doug Shulman said the agency is making the offer ahead of ramped-up enforcement...

Wyclef for President! But Is He Even Eligible for the Job?

(Aug. 5) -- So you want to know if Wyclef Jean will be the next president of half of a Caribbean island that was devastated by an earthquake earlier this year. It's a question a lot of people will soon be asking. But it also gets ahead of things. The better question is: Is he even eligible? Let's go to Article 135 (e) of...

Explain This to IRS: Tax Agency Is $32 Billion Short

(Jan. 6) -- The Internal Revenue Service suddenly reduced the amount of revenue it reported from delinquent collections by $32 billion, or about 27 percent, providing little information about what happened to the money, according to a report released Wednesday morning. "There is an astonishing lack of transparency as to...

internal revenue service News From the Web

05/19/12 CSU Salaries: What's A Few Hundred Thousand, Anyway? Source: Pacifica Patch - Pacifica CA The release came from Adam Keigwin, Chief of Staff in the office of Senator Leland Yee. It made for some pretty interesting reading.
05/12/12 Summit Taxpayer Advocate Gets Fond Farewell Source: Summit Patch - Summit NJ This letter is to whomever it may concern and it should be noteworthy for us all.
05/10/12 Sen. Grassley To IRS: Whistleblower Office Is A... Source: Forbes You've probably read about IRS whistleblowers cashing in for reporting suspected tax fraud.
05/08/12 Sen. Grassley Wrongly Targets IRS Whistleblower Office Source: TaxProf Senator Charles Grassley sent a strongly worded letter last week to Treasury Secretary Timothy Geithner and IRS Commissioner Douglas Shulman criticizing the IRS for the way it is handling various aspects of its whistleblower program.

Background on internal revenue service

The Internal Revenue Service (IRS) is the revenue service of the United States federal government. The agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue.

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