Read more IRS stories on Newserhttp://www.newser.com/taggrid/809/irs.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 7:26:15 CSThttp://www.newser.com/story/74277/15k-yanks-turn-selves-in-for-offshore-tax-cheating.html?utm_source=syn&utm_medium=rss&utm_campaign=tagProdded by the stick of a looming crackdown on offshore tax cheats and the carrot of an IRS amnesty program, some 14,700 rich Americans have turned themselves in, disclosing billions in hidden foreign assets. The "unprecedented" participation in the amnesty program surprised the IRS and advisers to the super-rich...http://www.newser.com/story/74277/15k-yanks-turn-selves-in-for-offshore-tax-cheating.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 18 Nov 2009 9:57:02 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/67085/tax-evader-crackdown-spreads-to-hong-kong.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe IRS and Justice Department crackdown on UBS is widening, reports the Wall Street Journal , as new documents reveal the efforts the bank took to keep its clients' wealth away from the taxman. Two recent cases have relied on channeling millions to a Swiss account owned by a Hong Kong-based...http://www.newser.com/story/67085/tax-evader-crackdown-spreads-to-hong-kong.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 17 Aug 2009 8:40:39 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/64199/feds-swiss-call-timeout-in-us-tax-evasion-case.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAiming to avoid an ugly international dispute, the US government, Switzerland, and a Swiss bank are seeking to delay a hearing over private bank accounts, the Wall Street Journal reports. The respite would give government officials and UBS until August to strike a deal over data on some 52,000...http://www.newser.com/story/64199/feds-swiss-call-timeout-in-us-tax-evasion-case.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 12 Jul 2009 16:03:49 CDThttp://www.newser.com/story/59735/inspector-finds-irs-lax-in-disposing-of-sensitive-docs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSensitive documents that could be used to steal taxpayers’ identities were found in trash bins outside several Internal Revenue Service bureaus visited during a months-long government inspection, Reuters reports. Because of the findings, the IRS has increased oversight of the contractors responsible for its waste. Identity theft is an increasing...http://www.newser.com/story/59735/inspector-finds-irs-lax-in-disposing-of-sensitive-docs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 21 May 2009 11:03:02 CDT