Taxes Internal Revenue Service


  • IRS delays rules on taxation for activists Friday, 23 May 2014 | 10:32 AM ET

    The IRS will revamp rules made to curb political activity by nonprofits after receiving more than 150,000 comments. The NYT reports.

  • US to pot farmers: You can't use federal irrigation Wednesday, 21 May 2014 | 8:46 AM ET
    Mike Corral cuts branches from a marijuana plant as he prepares a harvest in Davenport, Calif.

    The U.S. Bureau of Reclamation wants weed growers to know that, at least at the federal level, the times they aren't a-changing.

  • Bogus billions: IRS' $13b problem Wednesday, 14 May 2014 | 3:37 PM ET
    Bogus billions: IRS' $13b problem

    CNBC's Larry Kudlow and Eamon Javers discuss the $13 billion in improper tax credits paid out by the IRS. Kudlow says the IRS is rife with problems and is poorly managed

  • IRS under fire for bad refunds Wednesday, 14 May 2014 | 3:33 PM ET
    IRS under fire for bad refunds

    The IRS reportedly paid out $13 billion in improper tax credits last year by mistake. CNBC's Eamon Javers reports.

  • IRS might have paid $13B to the wrong people Tuesday, 13 May 2014 | 2:28 PM ET
    IRS Internal Revenue Service

    The Internal Revenue Service paid more than $13 billion in tax credits last year to people who may not have qualified.

  • Fewer audits this year due to budget cuts: IRS Wednesday, 7 May 2014 | 4:34 PM ET

    IRS Commissioner Koskinen said the IRS will audit 100,000 fewer individuals this year as part of congressionally mandated cuts to the agency's budget.

  • US works to curb tax-driven business moves abroad Wednesday, 30 Apr 2014 | 12:58 PM ET
    U.S. drugmaker Pfizer proposed buying AstraZeneca for about 58.8 billion pounds ($98.7 billion) in what would rank as the industry's biggest-ever takeover, surpassing Pfizer's $64 billion purchase of Wyeth in 2009.

    The Obama administration is focused on finding ways to curb tax-motivated reincorporations to other countries by U.S. businesses.

  • IRS setting poor example? Wednesday, 23 Apr 2014 | 2:16 PM ET
    IRS setting poor example?

    Why the IRS hands out bonuses to its employees, even those who may owe back taxes, with Grover Norquist, Americans for Tax Reform founder & president.

  • Some IRS employees not paying taxes? Still get bonuses Tuesday, 22 Apr 2014 | 4:45 PM ET
    Some IRS employees not paying taxes? Still get bonuses

    A recent report shows that over 1,000 IRS employees with "federal tax compliance problems" received more than $1 million in bonuses. CNBC's Eamon Javers reports.

  • Tax fraud day? Wednesday, 16 Apr 2014 | 10:45 AM ET
    Tax fraud day?

    Tax day is here and while many are rushing to file on time, others are ready to fraudulently claim a refund.

  • Your odds of an IRS audit Tuesday, 15 Apr 2014 | 7:17 AM ET
    Your odds of an IRS audit

    CNBC's Robert Frank and CNBC contributor Ben White take a look at what's likely to trigger an audit by the tax man.

  • Taxing times Friday, 11 Apr 2014 | 12:00 AM ET
    Taxing times

    April 15th is just days away, but there's no need to panic. Personal Finance Correspondent Sharon Epperson shares her top tips for getting your taxes in on time and error-free.

  • Why we're not saving for college Thursday, 10 Apr 2014 | 12:01 AM ET
    Why we're not saving for college

    A new study found only half of parents with children under 18 years old are saving for college, and as CNBC's Sharon Epperson reports, most of them say it's because they don't have the money.

  • Money-saving advice for last minute tax filers Wednesday, 9 Apr 2014 | 4:00 PM ET
    Money-saving advice for last minute tax filers

    There's one week to go before your federal taxes are due. Now, if you haven't done you 1040s yet, there's still some time and if you're a last-minute filer, Sharon Epperson has some money-saving advice on getting the most out of your return.

  • Incompetent tax preparers scourge of IRS Wednesday, 9 Apr 2014 | 12:00 PM ET
    Incompetent tax preparers scourge of IRS

    A week before the April 15th deadline, Federal auditors have released a scathing report on the tax preparation industry, calling much of the industry incompetent and sometimes, crooked. NBC's Chris Clackum reports.

  • How to file a tax extension Wednesday, 9 Apr 2014 | 8:29 AM ET
    How to file a tax extension

    Think you will miss the April 15 deadline? Don't despair. File an extension to avoid penalties.

  • Anyone can be a tax preparer ... really! Tuesday, 8 Apr 2014 | 12:00 AM ET
    Anyone can be a tax preparer ... really!

    At a Senate hearing in Washington today, John Koskinen, IRS Commissioner, and Nina Olson, a national taxpayer advocate, urged Congress to pass a proposal that would allow the IRS to regulate all tax preparers.

  • Last minute tax tips for maximum returns Thursday, 3 Apr 2014 | 7:30 AM ET
    Last minute tax tips for maximum returns

    It's getting down to the wire and your taxes are due soon. You don't want to miss out on important tax credits and deductions that can save you money. Sharon Epperson talks to Elda Di Re, a partner and tax leader at Ernst & Young, about retirement plan contributions, job-relaxed expenses, charitable donations and other tax moves that can help filers save money, even in the 11th hour.

  • Hedge fund vultures feast on Lehman corpse Friday, 28 Mar 2014 | 3:08 PM ET
    September 15, 2008, the day the 150-year-old Lehman Brothers declared bankruptcy.

    Lehman Brothers may be long dead, but its assets continue to be a lucrative investment for hedge funds.

  • College sports unions: 'Careful what you wish for' Thursday, 27 Mar 2014 | 4:33 PM ET
    Northwestern University quarterback Kain Colter, No. 2, wears APU for "All Players United" on wrist tape as he scores a touchdown during an NCAA football game against Maine in Evanston, Ill.

    If the ruling on allowing Northwestern University football players to unionize stands all challenges, it may not be so easy to do.