Tax Break Bringing Businesses, and Fraud, to the Virgin Islands
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The I.R.S. is worried that a Virgin Islands program that confers a special tax rate that amounts effectively to just 3.5 percent of income may be encouraging fraud.
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The end of an excise tax means offers of a refund.
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The push by the head of the US tax agency for quick completion of audits of big corporations - a move criticized by many longtime agency auditors - has led to a sharp drop in the discovery of tax cheating at the 11,000 largest businesses, according to new
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About three dozen area residents could get an unexpected windfall -- they are owed refunds by the Internal Revenue Service. They are among more than 6,400 refunds owed to taxpayers in New York that have yet to be claimed.
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A sales tax holiday starts Friday in D.C. to attract suburban shoppers and to keep District residents from doing their holiday spending in Maryland or Virginia.
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A variety of popular tax breaks held up in Congress for more than a year by political jockeying has been saddled once again with a host of contentious measures, including proposals to expand offshore oil drilling, cancel a Medicare payment cut for doctors and provide more money to clean up abandoned...
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By Christopher D. Kirkpatrick David Ingram, and Victoria Cherrie, The Charlotte Observer, N.C.  Feb. 14--Google's nine-figure tax break package to bring a computer center to Lenoir is raising questions about the role commissioned consultants play in pumping up the packages.
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The Internal Revenue Service said it may try to prevent tax preparers such as Jackson Hewitt Tax Service and H&R Block from offering customers refund loans and audit insurance because those products can encourage fraud.
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Hundreds of people, including several who are household names, are under investigation on suspicion that they evaded taxes by steering money to Liechtenstein.
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The IRS is holding $211,000 in tax refunds for 300 people in the Richmond area. The largest local check is for $15,094. The average is $704.
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Dangerous new ways to try to steal your money are in progress.
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Our government can give tax breaks to revenue-rich corporations, but seems to have a hard time giving a puny $250 tax break for teachers who spend their own money to buy classroom supplies.
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Some taxpayers have been dusting off an old Internal Revenue Service ruling about signing bonuses in baseball contracts and using it to justify skipping payroll taxes and income-tax withholding on signing bonuses generally.
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Companies moving to the Washington region face a sometimes bewildering variety of tax structures, regulatory environments and geographic features.
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A tax rebate is at the center of a plan to stimulate a flagging economy.
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Tax evaders could find their bank accounts raided directly by the Inland Revenue, under a government plan to get back some of the billions in annually lost payments.
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Drug companies and other multinational corporations are once again resorting to complex strategies, many of them legal, to shelter profits in international tax havens.