Tens of millions of Americans overpay their taxes each year and miss out on interest and market returns they could earn on that money.» Read More
Actor and singer Pat Boone and Jeremy Boreing, "Friends of Abe" executive director, discuss the IRS's target on the group "Friends of Abe" in Hollywood. Boone calls the group a fellowship, not a political action committee.
As millions prepare to file their tax returns, CNBC's Kelley Holland shares some advice on how to save money and avoid making common mistakes.
A new survey found that fewer Americans are getting their questions answered by the Internal Revenue Service, and the service they do get is much worse than in previous years. CNBC's Allison Linn reports.
The IRS answered a smaller share of taxpayer calls and kept taxpayers on hold longer last year than in other recent years. And it may get worse.
The FBI reportedly does not plan to file criminal charges in IRS probe. Mark Meckler, Citizens for Self-Governance president, weighs in on the investigation of the targeting of conservative groups.
Identity theft is already a serious problem—the No. 1 complaint to the FTC—and as CNBC's Herb Weisbaum reports, tax-related ID theft is a growing part of this crime spree.
Identity theft is already a serious problem—the No. 1 complaint to the FTC—and tax-related identity theft is a growing part of this crime spree.
The IRS says last year there was a 66 percent increase from 2012 in tax fraud from Social Security identity theft of nearly $50bln in refund claims.
The Treasury Department said it has signed six more anti-tax evasion pacts with foreign governments.
The Internal Revenue Service has been doing business with nearly 1,200 vendors that owe back taxes, including one contractor that owed $525 million.
Amid the IRS targeting scandal, the Treasury Department is proposing stricter rules keeping nonprofits from getting tax exemptions. Jay Sekulow, American Center for Law and Justice, says the government is trying to make what they did illegally, legal through the regularity process.
CNBC's Sharon Epperson reports individuals with taxable incomes over $400,000 have been catapulted into a new 36.9 percent federal tax bracket this year, up 35 percent.
Revenue received by the league office—more than a half billion dollars since 2010—is untouchable to the Internal Revenue Service. NBC News reports.
The inspector general of the IRS says it is still having major problems cutting down on improper EITC payments to individuals, reports CNBC's Eamon Javers.
CNBC's Eamon Javers reports due to the government shutdown, the IRS will start taking 2013 returns between January 28th and February 4th.
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.
More large American corporations are reducing their tax bill by buying a foreign company and effectively renouncing their United States citizenship.
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.
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.
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.