Read more Internal Revenue Service stories on Newserhttp://www.newser.com/taggrid/14789/internal-revenue-service.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 9:31:19 CSThttp://www.newser.com/story/74236/millions-must-repay-part-of-stimulus-tax-credit.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAn IRS tax credit designed to lighten the load on recession-addled taxpayers won't work out as well as hoped for about 15.4 million Americans. Because certain minutiae of the new Making Work Pay credit weren’t factored in to withholding tables, more than 10% of taxpayers who file individual returns...http://www.newser.com/story/74236/millions-must-repay-part-of-stimulus-tax-credit.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 17 Nov 2009 12:49:13 CSThttp://www.newser.com/story/67927/tax-collectors-use-myspace-google-to-find-deadbeats.html?utm_source=syn&utm_medium=rss&utm_campaign=tagInternet-savvy state tax collectors are using a new tool in tracking down evaders: social networking websites. Tax collectors are taking advantage of the fact that an individual’s MySpace or Facebook profile often contains quite a bit of professional information, the Wall Street Journal reports. Agents in Nebraska, for example, recently...http://www.newser.com/story/67927/tax-collectors-use-myspace-google-to-find-deadbeats.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 27 Aug 2009 15:31:02 CDThttp://www.newser.com/story/67937/irs-may-cut-401k-contribution-limit.html?utm_source=syn&utm_medium=rss&utm_campaign=tagLow inflation could force the IRS to decrease the amount workers can contribute to their 401(k) plans to $16,000, USA Today reports. It would mark the first time the government has ever lowered contribution limits. Though a spokesperson says it’s too early for speculation, the IRS may not have...http://www.newser.com/story/67937/irs-may-cut-401k-contribution-limit.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 27 Aug 2009 12:29:02 CDThttp://www.newser.com/story/65994/tax-revenue-takes-biggest-dive-since-great-depression.html?utm_source=syn&utm_medium=rss&utm_campaign=tagUS tax revenue is set to shrink 18% from last fiscal year to the current one, ending in October—the largest falloff since 1932, the AP reports. Individual income-tax receipts are off 22%, and corporate revenues have sunk an astounding 57%. “Our tax system is already inadequate to support the...http://www.newser.com/story/65994/tax-revenue-takes-biggest-dive-since-great-depression.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 03 Aug 2009 14:07:01 CDThttp://www.newser.com/story/65659/tax-cheats-flood-irs-looking-to-come-clean.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA crackdown on tax evasion has led to a flood of wealthy Americans lining up to reveal their offshore accounts to the IRS, reports the Wall Street Journal . A limited-time offer of lower fines, coupled with the ongoing probe of Swiss bank accounts held by UBS, has produced a stampede...http://www.newser.com/story/65659/tax-cheats-flood-irs-looking-to-come-clean.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 30 Jul 2009 9:07:35 CDThttp://www.newser.com/story/65124/nj-mayors-ny-rabbis-busted-in-corruption-probe.html?utm_source=syn&utm_medium=rss&utm_campaign=tagIn a huge corruption bust, FBI agents arrested 30 people today, including the mayors of Hoboken and Secaucus, the deputy mayor of Jersey City, a New Jersey assemblyman, and several Brooklyn and New Jersey rabbis, the Star-Ledger reports. The arrests stem from a 2-year money-laundering probe centered on New York’s...http://www.newser.com/story/65124/nj-mayors-ny-rabbis-busted-in-corruption-probe.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 23 Jul 2009 9:34:27 CDThttp://www.newser.com/story/62049/nev-newspaper-defends-commenters-anonymity.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA tax-evasion trial has sparked a free-speech controversy at the Las Vegas Review-Journal . The paper has declined to honor a federal subpoena demanding the identities of everyone who commented on an article on the trial. Businessman Robert Kahre faces tax-fraud charges for hiding the real value of sales of gold...http://www.newser.com/story/62049/nev-newspaper-defends-commenters-anonymity.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 16 Jun 2009 16:34:39 CDThttp://www.newser.com/story/57724/ubs-refuses-to-hand-over-names-of-us-tax-cheats.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSwiss bank UBS has rejected a demand from the IRS that it cough up the names of 52,000 suspected American tax evaders, the Times of London reports. The bank—which paid out $780 million to avoid prosecution for helping rich Americans dodge their taxes—said the lawsuit by the...http://www.newser.com/story/57724/ubs-refuses-to-hand-over-names-of-us-tax-cheats.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 01 May 2009 3:18:48 CDThttp://www.newser.com/story/54477/cash-strapped-irs-slashes-evasion-penalty.html?utm_source=syn&utm_medium=rss&utm_campaign=tagIn an effort to increase revenue, the Internal Revenue Service is relaxing penalties on offshore tax evaders in hopes they will come forward, the New York Times reports. A penalty that was 50% of offshore holdings will drop as low as 5%. “They need to get money back into the...http://www.newser.com/story/54477/cash-strapped-irs-slashes-evasion-penalty.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 26 Mar 2009 14:33:28 CDT