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Finally, the House is working to require a comprehensive federal review of IRS regulations with a follow-up report to Congress on possible actions to reduce the tax paperwork burden imposed on small businesses.
When I write my annual tax column, some ex-IRS agent will complain, "There you go IRS bashing again." They're always saying that they're just doing their job. Someone I know once said, "You could get another job."
The sordid story of IRS corruption and political dirty tricks during the Obama years is widely known thanks to numerous documents and emails forced out of the government under the Freedom of Information Act (FOIA).
The more expansive government is, the more perils people face in daily lives, be it from IRS agents or from child support services, or from other agencies that often have little or no legal restraints on their power.
At tax time, people are going to say, 'Gee, if the IRS asks for documents from me, and I destroy them, I wouldn't get away with that.' But that's effectively what Commissioner Koskinen has been able to get away with.
Remember: If the IRS suspects you haven't reported income, it can challenge returns from the past six years. So if you are self-employed or have multiple income sources, hold on to six years of files to be absolutely safe.
Yeah I guess I don't want to end up being one of those stories where the guy ends up spending more than he has and owes money to the IRS and stuff like that. I just want to be able to take care of my family and live modestly.
Reports also suggest that Ernst and Young and other large tax preparation firms are sending tax returns overseas for processing. But the IRS has no control over tax information once it's been sent to India or another country.
Well, what did we buy? Instead of a leaner, smarter government, we bought a bureaucracy that now tells us which light bulbs to buy, and which will put 16,500 IRS agents in charge of policing President Obama's health care bill.
The IRS said today anyone with a refund coming from their 2001 taxes will lose it if they don't pick it up by April 15th. If it is more then three years they will just keep it. How come it doesn't work that way with back taxes?
It is indefensible that IRS Commissioner Koskinen has not been held accountable for failing to meet his legal obligations. This is exactly what the American people are tired of when they say that our government is on the wrong track.
There is a way for the IRS to be able to have a double check to make sure individuals don't file on your Social Security number early and try to get a tax return and make it chaotic for you to file your own taxes. That's not been done.
The IRS is currently considering a rule that would make it easier for tax preparers to disclose the private information contained in tax returns - including name, address, Social Security number, employer, income, and charitable donations.
When a man wrote a political screed against the IRS and flew into its building, he was deemed mentally ill, even though it was clearly a political act. There's a double standard, which is: If his name is Muhammad, it's automatically terrorism.
I think Americans raise eyebrows when you tell them that IRS agents are training with a type of weapon that has stand-off capability. It's not like they're carrying a sidearm, and they knock on someone's door and say, 'You're evading your taxes.'
The IRS targeting certain groups for harassment because of their politics would be unfair. If we found out the NSA was keeping special tabs on everyone who worshiped at a mosque or took a Bible trip through the Middle East, you'd have an uprising.
There is the bipartisan pretense that the FBI is the only government agency in Washington that is above reproach. Yet, this is the agency that collaborated with Lois Lerner and the IRS in an effort to criminally prosecute opponents of Barack Obama.
Those who advocate either slavery or income taxation should be ashamed of themselves. Genuine freedom entails the abolition, not the reform, of income taxation and the IRS, just as genuine freedom entailed the abolition, not the reform, of slavery.
Each year, we learn that customer service diminishes. You may argue it's because the IRS budget has been cut, but I'm going to argue that it's because the IRS chooses to spend its funds in other areas like the Affordable Care Act, bonuses, and conferences.
The fact that our government is using instruments of government like the IRS to punish its opponents, this is not the kind of thing that is a Democrat or a Republican issue. This is an American issue... A lot of people do not feel free to express themselves.
H.R. 5444 provides long-overdue structural reforms and service improvements to the IRS. The legislation codifies the IRS Office of Appeals to streamline the appeals process and to provide fair and impartial determinations for concerns raised by the taxpayer.
Why can't Americans do their own taxes? Because the federal Tax Code is out of control, that's why. It's gigantic and insanely complex, and it gets worse all the time. Nobody has ever read the whole thing. IRS workers are afraid to go into the same ROOM with it.
In many cases, Obama's exercise of authoritarian power is criminal. His executive branch is responsible for violations of the Arms Export Control Act in shipping weapons to Syria, the Espionage Act in Libya, and IRS law with regard to the targeting of conservative groups.
In five cases, the Trump Foundation told the IRS that it had given a gift to a charity whose leaders told 'The Post' that they had never received it. In two other cases, companies listed as donors to the Trump Foundation told 'The Post' that those listings were incorrect.
The theory of the IRS is rather repugnant to me because the assumption is made that I, the government, owns 100% of your income and I permit you to keep 5%, 10% or 20%. You're vulnerable, you've sold out. The government can take 80% if they want, which they did at one time.
Planned Parenthood had better hope that Hillary Clinton wins this election, because I guarantee under President Jindal, January 2017, the Department of Justice and the IRS and everybody else that we can send from the federal government will be going in to Planned Parenthood.
Congress created tax-exempt 501(c)(4)s to operate exclusively for social welfare purposes like early childhood education, environmental protection, and veteran's assistance. However, an IRS regulation allows 501(c)(4)s to operate primarily for the promotion of social welfare.
The IRS says it's been getting death threats since the health care bill passed because the IRS is going to be the ones in charge of implementing it. They say the threats people are making to the IRS are so bad, that they are actually hindering the IRS's ability to threaten people.
When you look at the government, when the government collects a buck, it's not free. They have to spend resources, the IRS, audits, all this sort of crap, to collect the dollar. I'm not assuming any Laffer curve effect here at all. There are just transactions costs of collecting that money.
For restaurants that have a minimum gratuity charge on large groups, the IRS will now count those tips as regular wages rather than traditional tips that we are all familiar with when we dine out. Ask any server, and they will tell you that this will directly affect their day-to-day lifestyle.
My last divorce was in '68. What made it come to a head was a promise. See, I had promised her that the next year I wouldn't work as much. But then I got in trouble with the IRS, and I had to continue working just as much to pay the government. So she said I lied, which is something I never did.
Getting a tax refund is nice, but having more money year-round is better. If you get a chunk of change from the IRS, you're giving the government an interest-free loan - not something they, or any bank, would ever give you. Instead, change your withholding so you get a little extra in each paycheck.
According to the IRS, the wealthiest 400 Americans, who earned an average of roughly $270 million in 2008, paid an average tax rate of just 18.2 percent that year. That's about the same rate paid by a single truck driver in Rhode Island. It's not right, and we need to restore fairness to our tax code.
Trump often says he needs to keep his tax returns private until the IRS finishes auditing him. But the IRS itself has said this isn't necessary. And recently, Trump changed his tune, saying he'll release his returns as soon as Hillary Clinton releases the 33,000 emails she deleted from her email server.
Your taxes are due a week from today. You can make out your check directly to Halliburton. Or you can do what I'm going to do. I'm filing my first joint return. No, I'm not getting married, I'm sending the IRS an actual joint with a note that says, 'If you think I'm paying for this war, you must be high.'
The goal of the program, called Giving With Purpose, is to teach college students - and anyone else who cares to register - how to beneficially contribute to charity. That's not necessarily easy. There are IRS rules for giving that must be learned, and there is wayward, wasteful philanthropy to be avoided.
For an American, as mad you may be about whatever the EPA or the IRS does, just imagine if you only had a one twenty-eighth vote over what it does. You were in this place with this big bureaucracy that sets rules, and you only have a small vote. You'd feel like you've given up your sovereignty, wouldn't you?
Now my poor hometown is being castigated as the center of an IRS scandal. Humble workers at the Cincinnati office targeted Tea Party groups and other conservative organizations for special scrutiny when those groups applied for tax-exempt status. There's no conceivable excuse for that. It was deeply, deeply wrong.
The IRS issued guidance for virtual currencies on March 25, 2014 that stated virtual currencies, including Bitcoin, are to be treated as property for federal tax purposes. This requires capital gains on virtual currencies to be recorded and reported. The Bitcoin Foundation says this could lead to unrealistic reporting.
If I'm owed money, but I say, 'Don't pay me, pay my cousin. Don't pay me, pay my charity,' you can do that, but then the IRS requires that you pay income tax on that. It's your income if you earned it and you directed where it went. If you exercised control over where the money went, you have to pay income tax on that.
In 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. ... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS.
The Obama administration made it illegal for me to loan any money to anyone in the military. I have one compliance guy just for a pawn shop. It's everything from Homeland Security, FBI, the local police department, IRS - all these regulations I have to keep an eye on constantly, and it's just overwhelming for a small business.
Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.