Taxation Law-Related National News & Articles

The following is the latest national news related to federal tax law issues. For local, regional truck taxation news, please visit our state resources.

• Economic Stimulus Payments on the Way; Some People Will See Direct Deposit Payments Today
  irs.gov, May 01, 2008
  The Internal Revenue Service has begun to transfer economic stimulus payments to millions of Americans,
  
  
• IRS Seeks New Issues for the Industry Issue Resolution Program
  IRS, Mar 03, 2008
  The Internal Revenue Service is encouraging business taxpayers, associations and other interested parties to submit
  
  
• Fiscal Year 2007 Enforcement and Services Results
  IRS, Feb 13, 2008
  The IRS continues to make strong progress in a number of key enforcement areas. The IRS is showing consistent improvements in areas critical
  
  
• IRS Reminds Taxpayers to Watch for Tax Law Changes
  Internal Revenue Service, Jan 14, 2008
  The IRS reminded taxpayers to watch for commonly overlooked tax credits and late tax law changes
  
  
• Treasury and IRS Give Taxpayers Greater Control over Information Held by Tax Preparers
  Internal Revenue Service (IRS), Jan 08, 2008
  Treasury and the IRS also issued a separate request for public comment on a proposal to restrict the marketing of refund anticipation loans and similar products
  
  
• Standards of Conduct for Tax Return Preparers
  Internal Revenue Service (IRS), Jan 02, 2008
  Notice also solicits input from the tax return preparer community on a planned overhaul of the tax return preparer penalty regime
  
  
• Mortgage Debt Forgiveness Bill
  U.S. Department of Treasury, Dec 26, 2007
  The Treasury Department released a statement from Treasury Secretary upon passage of legislation
  
  
• Procedure Unveiled for Reporting Violations of the Tax Law
  Internal Revenue Service (IRS), Dec 19, 2007
  The Internal Revenue Service outlined ways informants can report violations of the tax law and possibly claim a reward based on the amount of additional tax
  
  
• IRS Announces Groundbreaking OPR Settlement
  Internal Revenue Service (IRS), Dec 17, 2007
  OPR raised allegations, including the scope of due diligence, with respect to the tax aspects of the bond opinion rendered in the matter
  
  
• San Diego Tax Preparation Firm Sued
  U.S. Department of Justice, Dec 03, 2007
  IRS estimates that National City Tax Preparation Firm cost government eighteen million
  
  
• Tax Break Helps Low and Moderate Workers Save for Retirement
  Internal Revenue Service (IRS), Nov 14, 2007
  Low and moderate income workers can take steps now to save for retirement and earn a special tax credit in 2007
  
  
• Annual International Tax Conference
  Internal Revenue Service (IRS), Oct 29, 2007
  The program is designed primarily for corporate tax executives responsible for international tax matters.
  
  
• Violations That Put at Risk the Bonds Tax Exempt Status
  SEC, Oct 02, 2007
  The SEC announced settled enforcement actions against two California companies for their failure to disclose a fee agreement.
  
  
• US Sues Texas Man to Halt Alleged Tax Fraud
  U.S. Department of Justice, Sep 24, 2007
  US Sues Texas Man to Halt Alleged Tax Fraud.
  
  
• Justice Dept Asks Feds To Bar Five Individuals From Preparing Tax Returns
  US Departmet of Justice, Sep 07, 2007
  The suit alleges that the defendants used a number of schemes to under-report customers’ tax liabilities.
  
  
• Fed Court Bars Two Jackson Hewitt Employees from Preparing Tax Returns
  The US Department of Justice, Aug 16, 2007
  Judge Clarence Cooper of the U.S. District Court for the Northern District of Georgia issued the permanent injunction
  
  
• Double and Triple Taxation
  Senate.gov, Aug 03, 2007
  In recent years, states that impose taxes based on economic presence have caused widespread litigation and stifled commerce. With a dizzying maze of state and local tax r
  
  
• Justice Dept. Sues to Permanently Bar Alleged Fraudulent S. Florida Tax Return Operation
  The United States Department of Justice, Jul 23, 2007
  Tax preparation scheme resulted in understatement of federal income tax liabilities of more than $55 million.
  
  
• Tax Exempt Status for Church
  Staff Writer, Jul 13, 2007
  Some groups are starting to question whether churches that violate the laws by harboring illegal immigrants should lose the tax free status for church benefits
  
  
• City Employees Bus Drivers Indicted For Tax Crimes
  Hawaii.Gov, Jul 03, 2007
  The State Tax Department announced that a Honolulu Grand Jury returned true bills against two City and County of Honolulu employees and two bus drivers for attempt to
  
  
• Department of Taxation Grants Extension Following Virginia Tech Tragedy
  TAX.VA, Jun 18, 2007
  -Six- Month Filing, Payment Extension Granted-
  
  
• Taxation Committee holds session to hear tax reform ideas
  MAIN.GOV, Jun 11, 2007
  Speaker Cummings submits income tax, property tax relief plans
  
  
• Truth in Taxation Notice
  ScottsdaleAZ, May 30, 2007
  Scottsdale is publishing a Truth in Taxation notice, as required by Arizona State law, and is publishing an accompanying notice
  
  
• Chicago Tax Preparer Caused Losses Of $3 Million To The U.S. Treasury
  usdoj.gov, May 14, 2007
  The court found that Steverson has prepared an estimated 1,224 returns since 2004 that have caused an estimated loss to the U.S. Treasury of more than $3 million
  
  
• Lake Worth Tax Return Preparer Convicted On Tax Fraud, Contempt Charges
  usdoj.gov, May 07, 2007
  On April 13, 2006, a 56-count indictment was returned charging Ratfield with preparing for clients and himself fraudulent federal individual and trust income tax returns
  
  
• U.S. Asks Federal Court To Bar Dallas Man From Preparing Tax Returns For Others
  usdoj.gov, Apr 30, 2007
  The Justice Department obtained an injunction last week against a Miami tax preparer in a case involving allegations of similar fraudulent fuel tax credits
  
  
• IRS Gives Northeast Storms Victims Until April 26 To File Tax Returns
  irs.gov, Apr 23, 2007
  IRS has decided to allow affected taxpayers an additional seven days to fulfill their tax filing obligations.
  
  
• Late Tax Scam Discovered; Free File Users Reminded To Use IRS.gov
  ftp.irs.gov, Apr 16, 2007
  “The final days of the tax season always bring tax scams
  
  
• U.S. Government Sues Jackson Hewitt Tax Preparation Franchises, Alleging Pervasive Fraud
  usdoj.gov, Apr 10, 2007
  Examples of fraud alleged in the lawsuits include filing false returns claiming refunds based on phony W-2 forms
  
  
• E-File Returns Running At Record Pace
  irs.gov, Apr 03, 2007
  “Taxpayers can rely on e-file as a safe, accurate way to quickly finish their taxes and get a refund,”
  
  
• Electronically Filed Returns Up More Than 5 Percent
  irs.gov, Mar 28, 2007
  We encourage people to consider e-file and Free File as the tax deadline approaches.
  
  
• Phone Card Retailers Usually Qualify for Telephone Tax Refund
  irs.gov, Mar 21, 2007
  The Internal Revenue Service today reminded these businesses to check their eligibility for this special refund before filing their 2006 federal income tax return
  
  
• IRS Reminds Corporations To File For An Extension By March 15
  irs.gov, Mar 14, 2007
  Today the Internal Revenue Service reminds certain corporations to file for an extension by the March 15 filing deadline.
  
  
• Fraudulent Telephone Tax Refunds, Abusive Roth IRAs Top Off 2007 “Dirty Dozen” Tax Scams
  irs.gov, Feb 28, 2007
  The Internal Revenue Service today identified 12 of the most blatant scams affecting American taxpayers
  
  
• IRS to Waive Tax Penalty for U.S. Citizens Living and Working Abroad
  irs.gov, Feb 14, 2007
  The law also limited the amount of housing costs that may be excluded or deducted under section 911.
  
  
• Tax Increase Will Be Passed Onto Consumer
  house.gov, Feb 07, 2007
  What is not being discussed is how the $14 billion in new taxes and fees imposed on American energy producers by H.R. 6 will be passed on to consumers.
  
  
• Is an Offer in Compromise Right for You?
  irs.gov, Jan 24, 2007
  Should the IRS determine that a taxpayer is unable to pay the liability in a lump sum or through an installment agreement
  
  
• Improved, Expanded Free File Program Opens Today
  irs.gov, Jan 17, 2007
  The free tax preparation and free electronic filing initiative begins its fifth year with more consumer-friendly features
  
  
• IRS Announces 2007 Standard Mileage Rates
  IRS, Dec 01, 2006
  IRS announces standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes
  
  
• Offshore Tax Haven Abuses That Cost U.S. Taxpayers
  Michigan United State Senator, Nov 22, 2006
  Investigations will expose how offshore and US professionals are helping US citizens move assets offshore and dodge US taxes
  
  
• IRS Should Not Violate Taxpayer Privacy
  U.S. House of Representatives, Nov 08, 2006
  IRS is threatening to expose taxpayers to unregulated third party groups under this proposed rule who could then sell personal information
  
  
• Vice President Cheney Releases 2005 Income Tax Return
  whitehouse.gov, Oct 10, 2006
  During the course of 2005 the Cheneys paid $2,468,566 in taxes through withholding and estimated tax payments.
  
  
• Additional Vehicles Certified For The Energy Tax Credit
  irs.gov, Oct 03, 2006
  The tax credit for hybrid vehicles applies to vehicles purchased on or after January 1, 2006, and may be as much as $3,400
  
  
• OECD Tax Administrators To Join Forces In Fighting Tax Non-Compliance
  Press Release, Sep 19, 2006
  Tax administration heads from more than 30 countries have agreed to work together on ways to improve tax administration
  
  
• IRS Announces Standard Amounts for Telephone Tax Refunds
  Press Release, Sep 05, 2006
  The standard amounts are based on the total number of exemptions claimed on the 2006 federal income tax return.
  
  
• IRS Begins Outreach To Entertainment Industry On Gift Bags Following Academy Agreement
  irs.gov, Aug 29, 2006
  The Academy had voluntarily approached the IRS shortly after this year's awards presentations seeking to clarify the tax issues surrounding the gift baskets,
  
  
• Justice Department Seeks To Block Alleged Tax Scam Involving Native American Casino Distributions
  Press Release, Aug 15, 2006
  devised and operate a tax fraud scheme that helps some members of the Santa Ynez Band of Chumash Indians claim bogus deductions on their federal income tax returns
  
  
• IRS, Canada Revenue Agency Unravel Cross-Border Tax Scheme
  irs.gov, Aug 08, 2006
  This effort stems from leads and information first developed by the Joint International Tax Shelter Information Centre (JITSIC).
  
  
• Government to Stop Collecting Long-Distance Telephone Tax
  irs.gov, Aug 01, 2006
  The IRS announcement follows decisions in five federal appeals courts holding that the tax does not apply to long-distance service as it is billed today.
  
  
• IRS Reminds Businesses To Classify Workers Correctly
  irs.gov, Jul 07, 2006
  These businesses must make sure they treat their workers properly to make sure everyone can meet their tax obligations
  
  
• IRS Reminds Businesses To Classify Workers Correctly
  irs.gov, Jun 16, 2006
  These businesses must make sure they treat their workers properly to make sure everyone can meet their tax obligations
  
  
• Federal Energy Tax Credit For Honda's
  irs.gov, Jun 02, 2006
  The hybrid vehicle certifications recently acknowledged by the IRS
  
  
• Self Employment Tax Information
  irs.gov, May 19, 2006
  You do not have to carry on regular full-time business activities to be self-employed
  
  
• Getting Tax Return Help, Preparer Fraud
  irs.gov, Jan 13, 2006
  preparation and filing of false income tax returns by preparers who claim inflated personal or business expenses, false deductions, unallowable credits or excessive
  
  
• Hybrid Electric Vehicles, 2004/2005 Federal Tax Deduction
  eere.energy.gov, Dec 30, 2005
  The deduction applies to both personal and business vehicles
  
  
• Business Purchase SUV Tax Credit
  comments.taxreformpanel.gov, Nov 30, 2005
  The SUV break has been reduced from 100,000 to 25,000
  
  
• Retirement Savings Plans Changes For 2005
  irs.gov, Oct 14, 2005
  Changes that affect individual retirement arrangements IRAs and pension plans.
  
  
• Relief Is Not Phased Out And Stays In The Law
  gop.gov, Aug 05, 2005
  The Legislation Seeks To Ensure Marriage Tax Penalty Relief Is Not Phased Out And Stays In The Law Permanently
  
  
• Opportunities To Reform Taxation
  speakernews.house.gov, Jul 28, 2005
  Hastert Sees Opportunities To Reform Taxation, Litigation And Regulation
  
  
• Hastert Sees Opportunities
  speakernews.house, Jul 21, 2005
  Hastert Sees Opportunities To Reform Taxation, Litigation And Regulation
  
  
• Working To End A Tax Law Fluke
  senate.gov, Jul 13, 2005
  Law Fluke That Forces Plaintiffs Who Win Settlements In Civil Rights Cases And Other Lawsuits To Pay Income Taxes
  
  
• Regulation and Taxation Through Litigation
  judiciary.senate.gov, Jun 29, 2005
  “The era of big government may be over, but the era of regulation through litigation has just begun
  
  
• The Case for Tax Reduction Elimination of Dead Weight Losses
  house gov, May 18, 2005
  Yet there are other compelling arguments that support tax reduction.
  
  
• Separately Under The Act Before The End Of 2010
  Joint Committee On Taxation, May 12, 2005
  However, Certain Provisions Expire Separately Under The Act Before The End Of 2010
  
  
• An Ebay Survey Last Year Found That 430,000 Of Its U.S. Sellers Make A Significant Portion Or All Of Their Revenue From Selling On Ebay
  wired.com, Mar 29, 2005
  But IRS instructions make it clear that all income a category that includes bribes, gambling winnings, kickbacks and money made in illegal activities can be taxed
  
  
• Taxation Concessions For Irrigation Water Providers
  gov.au, Mar 22, 2005
  The Government will provide eligible irrigation water providers with access to the water facilities and landcare tax concessions which are currently available to primary
  
  
• Included A One-Time Corporate Tax Benefit Related To A Favorable Tax Ruling
  prnewswire, Mar 14, 2005
  During Third Quarter 2003, We Recorded A Net $2.9 Million Gain, Which Included A One-Time Corporate Tax Benefit Related To A Favorable Tax Ruling
  
  
• Small Business Administration Receives Avalanche Of Opposition To Proposed Size Standards Rule Proposed rule known as “grandfathering
  prweb com relea, Mar 07, 2005
  Proposed Size Standards Rule Proposed rule known as “grandfathering”
  
  
• Taxation And International Finance
  Yahoo Press Release, Mar 04, 2005
  “The advisors all have real-time experience that will help mUrgent implement corporate strategies
  
  
• Saint Gobain Corporation Names Messmer Vice President Tax
  yahoo prnews, Mar 01, 2005
  Steven Messmer has been named Vice President-Tax by Saint-Gobain Corporation, effective March 1, 2005. He was previously the company's Vice President-Controller
  
  
• Strategic Hotel Capital Inc Announces Contract to Acquire Two Intercontinental Hotel Group Properties
  biz yahoo prnews, Feb 28, 2005
  Martinez Nelson International Political Instability; Legislative Or Regulatory Changes, Including Changes To Laws Governing The Taxation Of Reits;
  
  
• Verizon to Texas House Regulated Industries Committee
  yahoo prnews, Feb 24, 2005
  This is not the time for more and/or conditional state government regulation burdening some telecom industries to the benefit of others," said Verizon Southwest Region Pr
  
  
• The Company Continues To Reduce Its Refinancing Risk And Maintain Its Solid Operating Performance
  biz yahoo, Feb 23, 2005
  The outlook is positive. The rating action was taken as part of Moody's downgrade of Philippines' foreign currency country ceiling to B1 from Ba2.
  
  
• Tennant Reports Fourth Quarter Earnings Per Share of $0.66
  yahoo com prnews, Feb 22, 2005
  Tennant Company today reported net earnings of $6.1 million, or $0.66 per diluted share, on net sales of $139.4 million for the fourth quarter ended December 31, 2004.
  
  
• Debt Per Household Has Risen From $48,396 To $75,029 In The Five Years To December
  act org, Feb 21, 2005
  ACT Leader Rodney Hide today revealed that the average household debt is now $75,000 – an increase of 55 percent since Labour came to power.
  
  
• Central Parking Corporation Announces Regular Quarterly Cash Dividend
  businesswire.com press release, Feb 18, 2005
  Central Parking Corporation (NYSE:CPC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.015 (one and one-half cent) per sh
  
  
• That Federal Reserve Board Chairman Alan Greenspan Is Asked A Few More Tough Questions
  privacy.gov, Feb 17, 2005
  Economists hope that Federal Reserve Board chairman Alan Greenspan is asked a few more tough questions about his plans for monetary policy
  
  
• Inhofe Honored As Taxpayer’s Friend
  senate, Oct 27, 2004
  U.S. Sen. James M. Inhofe (R-Okla.) has been officially honored as a
  
  
• Evans Launches Bush Administration’s Manufacturing Agenda
  DOC, Oct 27, 2004
  U.S. Commerce Secretary Don Evans today released the Bush Administration's pro-growth manufacturing agenda that establishes clear priorities to enhance economic growth an
  
  
• United States And United Kingdom Sign New Income Tax Convention
  Public AFfairs, Oct 27, 2004
  The Treasury Department announced Tuesday that Secretary of the Treasury Paul H. O'Neill and U.K. Chancellor of the Exchequer Gordon Brown signed a new income tax Convent
  
  
• Statement By Commerce Secretary Don Evans on Internet Tax Moratorium
  DOC, Oct 27, 2004
  As the United States Senate considers the important question of Internet taxation, we urge Senators to extend the bipartisan moratorium as soon as possible
  
  

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