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Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
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Man Who Leaked Trump's Tax Returns Sentenced To 5 Years
A former Internal Revenue Service (IRS) contractor who leaked former US president Donald Trump's tax returns to the media was sentenced to five years in prison on Monday.
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New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
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Revenue Officer Charged For Demanding Rs 30 Lakh Bribe From Chinese Firm
The Central Bureau of Investigation (CBI) on Friday booked an Indian Revenue Service (IRS) officer for allegedly seeking a bribe of Rs 30 lakh from a China-based company in a case related to GST evasion.
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Accenture Secures $2.6 Billion Deal To Modernize Tax Agency IRS' Systems
An Accenture Plc unit said on Wednesday it had secured an up to $2.6 billion deal with the Internal Revenue Service (IRS) for modernizing the government tax agency's systems.
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Bitcoin Falls to Three-Week Low as IRS Seeks Approval for Reporting Rules on Cryptocurrency Transfers
Bitcoin fell to a three-week low amid signs of institutional investor caution, while the head of the US Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on cryptocurrency transfers.
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Facebook Faces US Tax Court Trial Over Ireland Offshore Deal
Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland.
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Callers For Dollars - Inside India's Scam Call Centres
In late September, a woman in National City, California, received a voice message on her phone saying she was in trouble with the Internal Revenue Service (IRS) over "tax evasion or tax fraud".
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Kingpin Of Mira Road Call Centre Scam Is An Indian-Origin American
1.2 million Americans called up, and 6,400 cheated, of a total of Rs 3.6 crore - the largest scam in the history of US' Internal Revenue Services (IRS), as disclosed by Thane Crime Branch. The racket was being run from a call centre in Mira Road, and the mastermind is an Indian-American, pulling the strings from the US. A manhunt has been launched ...
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American IRS to pay millions for continued Windows XP support
The tax agency missed the deadline to upgrade from Windows XP, and will pay Microsoft for one more year's support.
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Bitcoins are property not currency, says US Internal Revenue Service
The US Internal Revenue Service (IRS) said Bitcoins will be treated as property for tax purposes.
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Misfired 2010 email alerted officials in Washington of targeting
A misfired email from a U.S. Internal Revenue Service employee in Cincinnati alerted a number of Washington IRS officials that extra scrutiny was being placed on conservative groups in July 2010, a year earlier than previously acknowledged, according to interviews with IRS workers by congressional investigators.
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Washington may have targeted tea party: report
The chairman of a House of Representatives committee investigating the federal tax collection agency says that interviews with low-ranking employees at a field office indicated that they were directed by Washington to subject conservative groups seeking tax-exempt status to tough scrutiny.
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US Congress grills former IRS boss over tax scandal
The political appointee who headed the IRS during the US tax agency's abusive treatment of conservative groups insisted on Tuesday that he was not involved in the scandal.
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IRS chief declines to identify employees involved in US scandal
The outgoing head of the US Internal Revenue Service angered Republican lawmakers on Friday by resisting their demands that he identify who at the tax-collection agency had inappropriately targeted conservative groups for extra scrutiny.
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Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
-
Man Who Leaked Trump's Tax Returns Sentenced To 5 Years
A former Internal Revenue Service (IRS) contractor who leaked former US president Donald Trump's tax returns to the media was sentenced to five years in prison on Monday.
-
New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
-
Revenue Officer Charged For Demanding Rs 30 Lakh Bribe From Chinese Firm
The Central Bureau of Investigation (CBI) on Friday booked an Indian Revenue Service (IRS) officer for allegedly seeking a bribe of Rs 30 lakh from a China-based company in a case related to GST evasion.
-
Accenture Secures $2.6 Billion Deal To Modernize Tax Agency IRS' Systems
An Accenture Plc unit said on Wednesday it had secured an up to $2.6 billion deal with the Internal Revenue Service (IRS) for modernizing the government tax agency's systems.
-
Bitcoin Falls to Three-Week Low as IRS Seeks Approval for Reporting Rules on Cryptocurrency Transfers
Bitcoin fell to a three-week low amid signs of institutional investor caution, while the head of the US Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on cryptocurrency transfers.
-
Facebook Faces US Tax Court Trial Over Ireland Offshore Deal
Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland.
-
Callers For Dollars - Inside India's Scam Call Centres
In late September, a woman in National City, California, received a voice message on her phone saying she was in trouble with the Internal Revenue Service (IRS) over "tax evasion or tax fraud".
-
Kingpin Of Mira Road Call Centre Scam Is An Indian-Origin American
1.2 million Americans called up, and 6,400 cheated, of a total of Rs 3.6 crore - the largest scam in the history of US' Internal Revenue Services (IRS), as disclosed by Thane Crime Branch. The racket was being run from a call centre in Mira Road, and the mastermind is an Indian-American, pulling the strings from the US. A manhunt has been launched ...
-
American IRS to pay millions for continued Windows XP support
The tax agency missed the deadline to upgrade from Windows XP, and will pay Microsoft for one more year's support.
-
Bitcoins are property not currency, says US Internal Revenue Service
The US Internal Revenue Service (IRS) said Bitcoins will be treated as property for tax purposes.
-
Misfired 2010 email alerted officials in Washington of targeting
A misfired email from a U.S. Internal Revenue Service employee in Cincinnati alerted a number of Washington IRS officials that extra scrutiny was being placed on conservative groups in July 2010, a year earlier than previously acknowledged, according to interviews with IRS workers by congressional investigators.
-
Washington may have targeted tea party: report
The chairman of a House of Representatives committee investigating the federal tax collection agency says that interviews with low-ranking employees at a field office indicated that they were directed by Washington to subject conservative groups seeking tax-exempt status to tough scrutiny.
-
US Congress grills former IRS boss over tax scandal
The political appointee who headed the IRS during the US tax agency's abusive treatment of conservative groups insisted on Tuesday that he was not involved in the scandal.
-
IRS chief declines to identify employees involved in US scandal
The outgoing head of the US Internal Revenue Service angered Republican lawmakers on Friday by resisting their demands that he identify who at the tax-collection agency had inappropriately targeted conservative groups for extra scrutiny.
