Internal Revenue Service


  • US cracks down on tax evasion, targets tax havens Thursday, 19 Dec 2013 | 4:18 PM ET
    The statue of Albert Gallatin stands outside the U.S. Department of the Treasury building in Washington, D.C.

    The Treasury Department said it has signed six more anti-tax evasion pacts with foreign governments.

  • Nearly 1,200 IRS vendors owe back taxes Wednesday, 18 Dec 2013 | 10:02 AM ET
    Internal Revenue Service building

    The Internal Revenue Service has been doing business with nearly 1,200 vendors that owe back taxes, including one contractor that owed $525 million.

  • Obama cracks down on political nonprofits   Tuesday, 26 Nov 2013 | 7:15 PM ET
    Obama cracks down on political nonprofits

    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.

  • Year-end tips to lower tax bite   Tuesday, 12 Nov 2013 | 1:43 PM ET
    Year-end tips to lower tax bite

    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.

  • Critics cry foul as NFL defends nonprofit status Monday, 28 Oct 2013 | 9:31 AM ET

    Revenue received by the league office—more than a half billion dollars since 2010—is untouchable to the Internal Revenue Service. NBC News reports.

  • IRS losing billions   Tuesday, 22 Oct 2013 | 7:49 PM ET
    IRS losing billions

    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.

  • IRS: 2014 tax season to start late   Tuesday, 22 Oct 2013 | 4:08 PM ET
    IRS: 2014 tax season to start late

    CNBC's Eamon Javers reports due to the government shutdown, the IRS will start taking 2013 returns between January 28th and February 4th.

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

    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 'Enthusiastic' About Tax Reform

    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' Wipe the Slate Clean Tax Reform

    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
    Every Picture Tells a Story

    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.

  • Split Chairman & CEO Role?  'Dumbest Idea in the World': Welch

    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
    Welch: Snowden 'Broke the Law, Should Be Prosecuted'

    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.