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Internal Revenue Service

A collection of news and information related to Internal Revenue Service published by this site and its partners.

Top Internal Revenue Service Articles

Displaying items 56-66
  • Proof that the point of the IRS 'scandal' was to cut the IRS budget

    It was obvious almost from the inception of the ginned-up IRS "scandal" that its goal was to intimidate the agency into allowing bogus nonprofits to funnel cash into election campaigns. That's exactly what happened, as is shown by an exhaustive study by...
  • Schiff to host forum on identity theft

    On Monday, Rep. Adam Schiff (D-Burbank) will host a forum on identity theft protection at the L.A. Zoo’s Witherbee Auditorium at 7 p.m. intended to teach constituents how to better protect themselves from fraud and what to do in the event that their...
  • Tapping retirement accounts penalty-free before 59 1/2

    Workers are retiring earlier these days, whether by choice or not, and many find they need to withdraw funds from retirement accounts prior to age 59 1/2. That's the age when account holders can take distributions from 401(k) plans and traditional and...
  • Group picked by Quinn administration made no loans, but kept $150,000

    Group picked by Quinn administration made no loans, but kept $150,000
    As Gov. Pat Quinn's aides sought to pump up an anti-violence program ahead of his November 2010 election bid, they decided to add to the pot $3.76 million in federal disaster recovery funds from Hurricane Ike to make loans to small businesses. In the...
  • Walgreen feared IRS scrutiny if inversion OK'd

    Walgreen feared IRS scrutiny if inversion OK'd
    A seeming parade of U.S. companies has been marching across the Atlantic, reincorporating in Europe to take advantage of substantial corporate tax breaks. Despite a growing drumbeat of criticism from activists and politicians, threats from U.S....
  • Ask Kim: Can I use IRA money for a down payment?

    What are the rules for withdrawing money from my IRA for a down payment on a home? Will I pay a penalty because I am under age 59 1/2? If you're a first-time home buyer of any age, you can withdraw up to $10,000 from a traditional IRA penalty-free to pay...
  • Palmer woman admits dealing in cash to avoid IRS S

    A Palmer Township woman admitted Monday she evaded more than $131,000 in taxes that she owed to the U.S. government, converting her paychecks to cash to keep the money beyond the reach of the IRS. Lilliam Zawarski, 60, pleaded guilty to a single count of...
  • Walgreens: The exception that proves the rule [Editorial]

    Walgreens: The exception that proves the rule  [Editorial]
    Today's announcement by Walgreens that it would not seek to move its corporate headquarters (for tax purposes, anyway) out of the United States may well be the exception that proves the rule of an inexorable trend toward so-called "corporate inversion."...
  • Obama scandals threaten nation's democracy

    Vice President Joe Biden recently advised that "hope and change" may be dead. Given that the lack of presidential leadership is causing some commentators to worry that President Obama has checked out, this is accurate. I would suggest a new slogan of...
  • Quinn, Rauner camps scrap on Cayman Island investments

    Quinn, Rauner camps scrap on Cayman Island investments
    Gov. Pat Quinn’s campaign opened a new line of attack Monday, accusing Republican challenger Bruce Rauner of channeling personal investments through the Cayman Islands to avoid U.S. taxes. “The Cayman Islands is like out of central casting...
  • Most improper EITC payments are made in error, not as a result of fraud [Letter]

    Most improper EITC payments are made in error, not as a result of fraud [Letter]
    Letter writer Mark Campbell recently referred to improper Earned Income Tax Credit payments as "fraud" ("Want to expand the EITC? Cut fraud first," July 30). While there's no arguing that the number of such payments is alarmingly high, most are made...