Irs, Taxes | featured news

Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia.

The Internal Revenue Service says 660,000 taxpayers will have their refunds delayed by up to six weeks because of a problem with the software they used to file their tax returns.

The Internal Revenue Service has awarded an ex-banker $104 million for providing information about overseas tax cheats -- the largest amount ever awarded by the agency, lawyers for the whistleblower announced Tuesday.

Ah, summer. As you clean out your garage, get back from vacation or gear up for school in the fall, you might be doing some trading. Is it taxed? You bet. Whether one-on-one or with multiple parties, the IRS says trading one product or service for another is taxable bartering. Plumbing for dental work? The IRS taxes it. You name the swap, it’s income to both sides just like cash.

The elderly and other vulnerable homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes, according to a report from a consumer group....

Can the Internal Revenue Service police President Obama's health care mandate while simultaneously collecting all the taxes for running the federal government? The question is being renewed in the wake of the Supreme Court's decision upholding most of the 2010 Affordable Care Act as a tax issue rather than one of interstate commerce.

The IRS says plans to close 43 of its smaller offices will have minimal impact on taxpayers and employees. The closings, to be carried out over two years, will save the government more than $40 million in office space and rent expenses, according to the agency.

About 60,000 troops owe the IRS roughly $390 million in back taxes, in part because of confusion over deployments and address changes.

The Internal Revenue Service has issued its annual “Dirty Dozen” tax scams list, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.

A U.S. government crackdown on suspected identity thieves filing false tax returns stopped $1.4 billion in bad refunds from being sent out in calendar 2011, the tax-collecting Internal Revenue Service said on Tuesday.