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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 78-88
  • To lease or to loan? The pros and cons of auto financing

    To lease or to loan? The pros and cons of auto financing
    New-car sales have bounced back since the recession to levels not seen since 2007, and a significant portion of that rebound is due to a record number of vehicles being leased. Twenty-six percent of new vehicles in the second quarter were leased,...
  • Rep. Michael Grimm pleads guilty in tax case, refuses to resign

    Embattled Republican Rep. Michael Grimm (R-N.Y.) pleaded guilty Tuesday to a single count of tax evasion, but said he would not resign his seat. In a Brooklyn courtroom before U.S. District Judge Pamela Chen,  Grimm admitted to aiding in the filing of a...
  • Issa's big dud: No White House connection to IRS 'scandal'

    Rep. Darrell Issa (R-Vista) wasted enormous congressional resources over the last 18 months trying to inflate the IRS "scandal" into a mountain. The release Tuesday of his final, petulant report on the affair marks what may be its final decline into a...
  • Year-end tips may yield tax savings

    Ah, the holidays. The season of spirited tax avoidance and homey deductions, when thoughts naturally drift to capital-loss harvesting and full or partial Roth conversions. Well, perhaps not everyone thinks this way. The end of the year may be a busy...
  • No reason to hold on to money-losing investment property

    Q: I was researching refinancing a rental property and your website came up. I'm hoping you can provide some guidance. I have a 300-square-foot rental condo in Waikiki. I owe approximately $130,000 at 6.5 percent. The value is approximately $190,000...
  • Quitclaim deed does not release owner of mortgage obligations

    Q: I am having trouble getting a mortgage for a new investment property because of the significant tax and homeowners association (HOA) burden on an existing condo I co-own with my brother. I want to quitclaim my 50 percent share in the condo to my...
  • Senate action gives tax relief to short-sellers this year, not next

    For David Foster of Chicago, it was a stunning and welcome early Christmas present for him, his wife and three young children. The Senate's 11th-hour extension of the Mortgage Forgiveness Debt Relief Act through Dec. 31 will save Foster, who works for a...
  • Young@Art Center Seeks Tax-Exempt Status And Creative Partnerships

    As the Young@Art youth arts center approaches its one-year anniversary, the nonprofit organization is playing a financial waiting game. In order to apply for and receive certain grant funding that is essential to its survival, Young@Art, which will mark...
  • Champ: Stuart Chaffin; Chump: Ander Crenshaw

    Champ: Stuart Chaffin; Chump: Ander Crenshaw
    CHAMP Stuart Chaffin:: A retired law-enforcement officer now living near Lake Nona, he risked his life to save the lives of strangers. Witnessing a fiery car accident while driving Monday, he left his car to pull a man screaming for help from one of the...
  • Dec. 30 Letters: Constitutional convention, White House scandals

    Be careful An Article V convention, now in its latest of many rebrandings, is a danger, and Congress makes the rules for it. States rescind applications for a constitutional convention once it looms. Why? Because it's not our Constitution that needs...
  • Harwood Heights police chief warns residents not to fall for "IRS scam"

    Police in Harwood Heights-Norridge are warning residents against sending money to callers posing as collectors from the Internal Revenue Service (IRS), following an increase in reports of phone scams targeting residents in Harwood Heights-Norridge and...