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The Internal Revenue Service says ex-football star linebacker Bill Romanowski owes more than $6 million, primarily for claiming losses from a thoroughbred horse-breeding investment whose promoters have admitted was a fraudulent tax shelter.
Romanowski, 44, and his wife, Julie, filed a lawsuit last month in U.S. Tax Court disputing an [...]
Consistent with a Financial Management Service initiative announced in April of this year, the IRS today issued proposed regulations to significantly increase the number of electronic transactions between taxpayers and the federal government.
The proposed regulations (REG 153340-09) would eliminate the rules for making federal tax deposits by paper coupon because the [...]
The Internal Revenue Service seeks civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies key issues and makes recommendations for improving IRS service.
“The feedback and suggestions that the TAP provides us from the taxpayer’s point of view are important to sound [...]
Embattled UBS AG has warned that Switzerland’s financial industry is at risk unless lawmakers approve a tax treaty with the U.S., and that other Swiss banks may be next to face pressure from American regulators.
In a letter to parliamentarians, the banking company said the U.S. Internal Revenue Service has collected information [...]
Washington The Internal Revenue Service today issued guidance designating the earthquake that occurred in Chile in February 2010 as a qualified disaster for federal tax purposes. The guidance allows individuals who receive qualified disaster relief payments from any person to exclude those payments from income on their tax returns. Also, [...]
Massachusetts Tax Attorney Kevin Kilduff was barred from practicing before the Internal Revenue Service for 48 months for failing to file one federal tax return and for filing another five returns late.
“Professionals who demonstrate a lack of respect for our tax system by failing to meet their own tax filing obligations should [...]
A Sterling physician has pleaded guilty to conspiracy and making a false statement in connection with a Justice Department investigation into a hidden Swiss bank account.
Andrew B. Silva faces a maximum sentence of 10 years in prison and a $500,000 fine. He is free on bail, pending sentencing May 7.
The Justice Department accuses Silva of [...]
The U.S. Department of the Treasury and the Internal Revenue Service today announced the allocation of a second round of authority to Indian tribal governments to issue Tribal Economic Development Bonds under the American Recovery and Reinvestment Act of 2009 (ARRA).
The IRS awarded 76 tribal governments a combined $1.005 billion of bond issuance authority, also [...]
An expanded Earned Income Tax Credit (EITC) means larger families will qualify for a larger credit, offering greater relief for people who struggled through difficult financial times last year, the Internal Revenue Service said today.
The IRS and the Treasury Department marked EITC Awareness Day as their partners nationwide worked to highlight the availability of this [...]
Tax agency deals with rogue employees engaging in everything from celebrity snooping to extortion.
Going Rogue: 12 From The IRS Accused Of Crimes
This is the time of year–the run-up to the tax-filing deadline on April 15–in which the Internal Revenue Service and federal prosecutors churn out press release after press release touting [...]
Jul 18, 2009 A: Evaluate how long you can wait before you need to take distributions and consider working a few extra years if necessary to weather the storm until your investments recover. You never want to sell at a loss if you don’t have to.
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Distributions, Downturn, Investments, Retirement
Home gardening for beginners is usually a great experience if you know the best way to properly care for household plants. If carried out accordance to certain fundamental requirements it will also help you have a healthy and refreshing home life. Having a garden at your house brings a substantial amount of attractiveness and freshness. [...]
The Auction House is one of the least physically risky places in the World of Warcraft. You don’t have to worry about bloodthirsty orcs or marauding centaurs breaking in. You can go about your business and hopefully earn some gold. On the other hand, there is nothing but physical danger all around you if you [...]
A large number of computers crash because of poor maintenance. You have to do some regular maintenance jobs like scanning and repairing the registry even if the computers seem to be running perfectly. Otherwise, problems may arise.
You need to clean the registry of your system regularly with the help of a registry cleaner optimizer. If [...]
Everyone requirements a vacation correct? Many people escape every year to find a way in the working hours of everyday living so they can merely unwind as well as take joy within a brand new as well as different environment. Your journey should be with regard to relaxation, nevertheless, just before you can get for [...]
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