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IRS Headlines

What happens at the IRS affects all of us. To stay up-to-speed with the biggest news coming from the IRS, you’re in the right spot. In this section, you can expect to find major updates on IRS changes, new IRS policies, major IRS press releases, and more. We’ve collected it all in one place to make sure you never miss a beat. For other tax-specific questions, we’re always available—so get in touch with one of our tax specialists today through our free live chat, located to the bottom right of your screen – or by clicking here.

Category: IRS Headlines

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Casey Anthony Escapes Jail, Not Tax Fines
Casey Anthony may have been acquitted for the murder of her 2-year old daughter, Caylee. But Florida prosecutors are still trying to make her pay. Prosecutors Go After Accused Mom to Pay Case Costs It’s not in jail time, but state prosecutors are l...
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Washington in Uproar Over Debt Limit
Washington is seeing a bit of drama unfold. President Obama and Republican leaders in Congress face off over tax breaks and their impact on the nation’s long-term spending. This can affect the debt limit. Obama squares off with Republicans! The deb...
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Breaking: Doing business overseas?
One of the best things about the internet and a globalized economy is the ability to do business overseas. Even from the comfort of your living room. With the click of a mouse, you can transfer funds to build a factory in China. Or you can invest in ...
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General Electric Skips out on Taxes!
If you’ve been watching the news lately, then you may have heard that General Electric – one of the US’ largest corporations – paid no taxes in 2010. That’s right, the conglomerate that makes everything from appliances to jet engines with b...
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So, Why is Tax Day on April 15th?
For millions of Americans, April 15 is that dreaded day when we go head-to-head with the IRS, making that trip to the post office or sitting at the computer to file our tax returns. It either goes well with a nice refund heading our way, or it goes b...
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Gas prices biting hard at your wallet?
If you’ve gone to the gas station lately, you probably noticed something. Your wallet is probably a bit emptier due to sky high gas prices as events in the Middle East hit close to home. A gallon of gas now averages $3.38 in the US and $3.71 in Cal...
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Tax cut boosts incomes, some not spending
WASHINGTON — A tax cut that began last month gave consumers the biggest jump in their incomes in nearly two years. But Americans boosted their spending only slightly, a sign that many people are being cautious with their money even as the economy i...
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Offshore Banking Evaders Given 2nd Chance
With the U.S. government running big budget deficits over the past couple years, tax authorities are launching new amnesty programs to recoup as much tax revenue as possible. The Internal Revenue Service has opened new ways for people to settle their...
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Is the IRS working for Santa This Year!?
You wouldn’t know it, but if you’re a small business owner this holiday season, Santa Claus will be coming down your chimney with a big gift bag that has your name on it. It’s all courtesy of the IRS. If you’re the owner of a small or medium-...
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Election 2010: Republicans gain seats
Election 2010 came and went yesterday. Yesterday saw a change in Washington as Republicans gained clout in Congress, winning control of the U.S. House of Representatives and gaining seats in the U.S. Senate. Most commonly known the party of lower tax...
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