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”Internal Revenue Service” News

UBS agrees to turn 4,450 account names over to IRS

WASHINGTON – Swiss banking giant UBS AG agreed Wednesday to turn over to the IRS the details of 4,450 accounts suspected of holding undeclared assets by American customers, piercing 08 21 2009 9:19AM (...more)

Federal Court Shuts Down Illinois Tax Preparer

WASHINGTON, April 16 –
04 26 2010 3:47PM (...more)

FedEx holder sues board over contractor problems

CHICAGO (Reuters) - A shareholder of FedEx Corp (FDX.N) filed a lawsuit against the package delivery company's board on Thursday alleging the directors exposed the company to damages by misclassifying employees as contractors.
05 9 2008 8:52AM (...more)

Larry Summers: Stop the AIG Bonuses. Yes You Can.

Larry Summers claims that nothing can be done about the AIG bonuses. As a former Secretary of the Treasury , he should know better. Treasury Secretary Tim Geithner should direct the 03 17 2009 5:30PM (...more)

Canada, Concerned About Loss of Revenue from Migration of Intellectual Property, Considers Recharacterization, Says Former Official

To: NATIONAL EDITORS Contact: Mark Carrington of BNA, Inc., +1-703-341-5880, mcarrington@bna.com ARLINGTON, Va., March 13 /PRNewswire-USNewswire/ -- A former Canada Revenue
03 14 2009 11:08AM (...more)

Simmering for decades, engineer's grudge explodes

AUSTIN, Texas – In the California where Joe Stack started out as a fresh-from-college software engineer, fighting the tax man was, quite literally, a religion. Back in the 1970s and '80s, California was not just the center
02 22 2010 1:29PM (...more)

Report: Banks helped foreigners escape US taxes

WASHINGTON - Big Wall Street investment banks have designed and marketed schemes enabling non-U.S. taxpayers, including offshore hedge funds , to evade millions of dollars in taxes each year on U.S. stock dividends , Senate investigators have found.
09 12 2008 3:23PM (...more)

IRS promoting tax credits in new health care law

WASHINGTON – The government is reaching out to more than 4 million small businesses and tax-exempt groups to make sure they know about a new tax credit offered as part of the 04 27 2010 8:29PM (...more)

U.S. says 7 UBS clients hid $100 million from taxes

NEW YORK/WASHINGTON (Reuters) – Seven former wealthy U.S. clients of UBS AG (UBSN.VX) were charged on Thursday with filing false tax returns , collectively hiding
04 25 2010 6:16PM (...more)

Want to get audited? Apply for homebuyer credit

WASHINGTON – Here's a good way to get audited by the Internal Revenue Service this year: claim the new homebuyer tax credit . About a fifth of all
04 24 2010 10:56AM (...more)

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