The IRS issued a one-day, penalty-free extension for tax filers after suffering an all-day computer breakdown on Tuesday that prevented taxpayers from filing returns electronically on the day 2017 payments were due. The Internal Revenue Service blamed the problem on a hardware error, and the glitch exposed the information-technology challenges that agency officials have been […]
Treasury and IRS Release New Guidance on Tax Withholding…
The IRS and Treasury Department on Thursday issued new guidance on tax withholding from employees’ paychecks, a key step in its implementation of the new tax law that President Trump signed last month. The new guidance will allow many taxpayers to start seeing bigger paychecks due to the new law. The IRS is instructing employers […]
IRS Doled Out More Than $24B in Potentially Bogus Refunds…
The IRS doled out more than $24 billion in potentially bogus refunds claimed under several controversial tax credits in 2016, according to a new audit that said $118 million was even paid to people who weren’t authorized to work in the U.S. in the first place. Some $16.8 billion in payments were made on improper […]
Full Measure: IRS Money Grab…
Robert Johnson: The ultimate takeaway here is that civil forfeiture allows the government to take people’s property based on the suspicion of criminal wrongdoing, but without actually having to prove to a court that somebody did something wrong. And that takes the presumption of innocence and it turns it on its head…
JW Releases 695 Pages of Obama IRS Scandal Documents…
Judicial Watch today released 695 pages of new documents from the Internal Revenue Service (IRS) that contain admissions by IRS officials that the agency used “inappropriate political labels” to screen the tax-exempt applications of conservative organizations. Other records reveal that the IRS was going to require 501(c)(4) nonprofit organizations to restrict their alleged political…
Taxpayers Spend 6.1 Billion Hours, $234 Billion Per Year on Tax Compliance…
Taxpayers spend 6.1 billion hours a year just to comply with the federal tax code, according to experts at a Tax Foundation event on Monday. Pete Sepp, president of the National Taxpayers Union, said that tax compliance costs taxpayers $234 billion per year in direct costs and lost productivity. “The problem is the status quo—thinking […]
IRS Doesn’t Tell 1M Taxpaying Americans Illegals Stole Their Social Security Numbers…
The IRS has discovered more than 1 million Americans whose Social Security numbers were stolen by illegal immigrants, but officials never bothered to tell the taxpayers themselves, the agency’s inspector general said in a withering new report released Tuesday. Investigators first alerted the IRS to the problem five years ago, but it’s still not fixed, […]
New Protest Idiocy Lows: “Resisting” By Not Paying Federal Taxes…
If you thought the last round of protest idiocy was counterproductive, you ain’t seen nuthin’ yet. Just when you think they’ve hit rock bottom, the liberal protests hit new lows. The Guardian recently published an article detailing a revival in “tax resistance,” which is a practice of not paying your taxes to “resist” government…
$1.08 Trillion: Gov’t Collects Record-High Taxes in First Four Months of Fiscal 2017…
The federal government collected a record $1.08 trillion in taxes in the first four months of fiscal year 2017, but the federal government still ran a $157 billion deficit during that time, according to the latest monthly Treasury Department statement. Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and […]