Internal Revenue Service


  • Too many improper EITC payments: TIGTA  Tuesday, 22 Oct 2013 | 2:00 PM ET

    The Treasury Inspector General for Tax Administration (TIGTA), the IG that oversees the IRS, said today the agency has not taken enough action to reduce improper payments to beneficiaries of the earned income tax credit. CNBC's Eamon Javers reports.

  • New way to cut your taxes: Merge overseas Wednesday, 9 Oct 2013 | 11:20 AM ET
    Japan's Tokyo Electron chairman Tetsuro Higashi (L) shakes hands with US semiconductor giant Applied Materials CEO Gary Dickerson (R) after they agreed to merge, at a press conference in Tokyo on September 24, 2013.

    More large American corporations are reducing their tax bill by buying a foreign company and effectively renouncing their United States citizenship.

  • Happy birthday, income tax, you're 100 years old Friday, 4 Oct 2013 | 9:09 AM ET

    Champagne time? Friday marks the 100th anniversary of the current U.S. income tax code. It's doubtful anyone will celebrate what one expert calls a system run amok.

  • US grants wide tax recognition to same-sex couples Thursday, 29 Aug 2013 | 3:20 PM ET

    Legal same-sex marriages will be recognized for federal tax purposes, the Obama administration said, allowing couples to claim the same tax benefits as heterosexual couples.

  • IRS vs. Jacko estate: A $434 million dispute Tuesday, 27 Aug 2013 | 6:53 PM ET
    Michael Jackson at a press conference in New York in 1992.

    The Michael Jackson estate said the taxable value of the singer's image and likeness was $2,105, while the IRS says it's more like $434 million.

  • IRS documents show liberal groups also vetted Friday, 12 Jul 2013 | 2:29 PM ET

    A top Democrat probing the IRS scrutiny of tea party groups released documents Friday suggesting that "occupy" and other liberal-leaning groups received similar vetting.

  • Erskine Bowles 'Enthusiastic' About Tax Reform  Monday, 1 Jul 2013 | 8:15 AM ET

    Erskine Bowles, Debt Commission co-chairman, shares his thoughts on how a bipartisan approach to tax reform will help create jobs.

  • Erskine Bowles' Wipe the Slate Clean Tax Reform  Monday, 1 Jul 2013 | 8:05 AM ET

    Erskine Bowles, Debt Commission co-chairman, discusses overhauling the current tax code to help create jobs and make the nation more competitive.

  • Every Picture Tells a Story  Friday, 14 Jun 2013 | 1:27 PM ET

    The "Power Lunch" panel talk about a housing shortage for the wealthy, the IRS shutdown, and a parking spot in San Francisco that sold for $82,000.

  • Jack Welch, Jack Welch Management Institute founder, explains how a "split role" in executive leadership leads to "shopping" the company.

  • Sen. Corker: 'Fiscal Fatigue' Has Set In  Tuesday, 11 Jun 2013 | 7:40 AM ET
    After working four years as a construction superintendent, corker started his own construction company, Bencor, with $8,000. In 1999, he purchased the Osborne Building Corporation and the Stone Fort Land Company, the two largest real estate companies in Chattanooga, making him the largest private landowner in Hamilton County, Tenn.  Corker is the junior United States Senator from Tennessee. Before his election to the Senate in 2006, he served as mayor of Chattanooga from 2001 to 2005.

    Sen. Bob Corker, (R-TN), shares his views on why the government should get its fiscal house in order through entitlement and tax reform, privatizing intelligence gathering, and implementing GSE reform.

  • Welch on NSA Leaker and Jobs Report Doubt  Tuesday, 11 Jun 2013 | 7:08 AM ET

    Former GE boss Jack Welch explains why he believes the man who exposed secret U.S. surveillance programs should be brought back to the U.S. and prosecuted. He also talked about his skepticism over the employment report.

  • Misfired 2010 Email Alerted DC IRS to Targeting Friday, 7 Jun 2013 | 5:11 PM ET
    IRS Building, Washington, DC

    A misfired email from an IRS worker in Cincinnati three years ago alerted IRS officials in Washington to the extra scrutiny given to conservative groups, according to what the worker told congressional investigators.

  • IRS Officials Accept Free Gifts Place on Leave  Wednesday, 5 Jun 2013 | 2:56 PM ET

    CNBC's Eamon Javers reports that two IRS officials have been placed on administrative leave for accepting $1,100 in free food and other items.

  • Obama's Job Approval Intact Despite Scandals: Poll  Wednesday, 5 Jun 2013 | 6:21 AM ET

    CNBC's John Harwood, reveals the highlights of a new NBC News-Wall Street Journal poll that shows recent political turmoil has had only a modest impact so far on the president's standing.

  • IRSgate: Conservative Groups Hit Back  Tuesday, 4 Jun 2013 | 1:15 PM ET

    CNBC's Eamon Javers has the latest details from today's IRS tax targeting hearings on Capitol Hill.

  • Santelli Take on Tax Reform & Windfalls  Tuesday, 4 Jun 2013 | 10:48 AM ET

    CNBC's Rick Santelli explains why taxing the rich will not be enough to bridge the deficit gap.

  • New Baby? Better Start Planning for College Now Monday, 3 Jun 2013 | 12:04 PM ET

    Do you really need to start saving for your child’s college education at birth? Yes, and there are right ways to plan ahead, way ahead.

  • The IRS in Space ... & on Gilligan's Island  Monday, 3 Jun 2013 | 12:00 PM ET

    IRS employees "act" out skits a la "Star Trek" and "Gilligan's Island."

  • Introducing the IRS Dancers  Monday, 3 Jun 2013 | 12:00 PM ET

    A group of IRS employees performs the "Cupid Shuffle." The agency is under heat for spending up to $50 million on conferences.