Now that the Supreme Court has upheld the health insurance mandate, most Americans must be insured starting in 2014 or pay a penalty.
The more money you have, the more the IRS wants you.
Criminals across the country are raking in billions of dollars in tax refunds through a new and brazen form of fraud that takes advantage of the IRS's fast online returns, law enforcement officials say.
The IRS is offering some relief to taxpayers struggling to pay their taxes due to unemployment or a significant loss of income.
The IRS is cracking down on scammers promising elderly and low-income churchgoers "free money" by urging them to claim fraudulent tax refunds.
Defining "rich" is always subjective.
If you still haven't filed your 2008 tax return, you could be missing out on some serious cash.
As the tax season kicks off this year, the IRS is keeping an eye out for scam artists who steal identities, lie about charitable donations and hide income in offshore accounts, among other abuses.
The IRS is discovering vastly more mistakes on tax returns than it used to.
The IRS not only doled out fewer tax refunds last year, but it also cut smaller checks with the average refund slipping by nearly $100.
The IRS has collected $4.4 billion from two programs that allowed tax evaders hiding money in offshore accounts to come clean and said it will launch a similar initiative this year.
Close to 15% of federal taxes -- or $385 billion -- went unpaid in 2006, according to new estimates by the IRS.
The IRS audited one out of every 8 millionaires last year, the third year in a row the agency has ramped up its enforcement of the nation's top earners.
The IRS is giving taxpayers two extra days to get their taxes turned in this year.
The Internal Revenue Service is holding onto tens of millions of dollars in tax refunds that it hasn't been able to deliver to consumers.
Think it takes a million bucks to make it into the Top 1% of American taxpayers?
More than 2 million Americans received education tax credits in error last year, according to a watchdog report issued Thursday, at a total cost to taxpayers: $3.2 billion.
You'll be able to contribute more tax-free money to your 401(k) next year, the IRS announced Thursday.
When you gather up your W-2s, 1099s and crumpled receipts to figure out your taxes this time of year, you're probably hoping for some shreds of good news. How's this: Because April 15 falls on a Saturday in 2006, you have two extra days to file.
Tax fraudsters are getting more creative -- and, in some cases, more daring. But the IRS is making it harder for them to get away with their tricks.
The IRS is giving a break to tax filers impacted by Hurricane Irene.
If you're traveling by air this month, there's a good chance the government owes you money.
Drivers will soon be able to get back an additional 4.5 cents per mile that they rack up for business purposes thanks to a new Internal Revenue Service rule announced Thursday. The rare mid-year decision was fueled by the recent rise in gas prices.
The Internal Revenue Service may have granted more than $150 million in car purchase tax deductions to thousands of people who didn't have to prove they actually bought the car.
Tina and Kenny Thomas filed their taxes in February and are still waiting for their refund.
Are you afraid of an audit? Well, just be glad you aren't running a giant oil company.
You had three extra days to file your taxes this year, but the time has finally come to hand over your paperwork to Uncle Sam.
Did you lose your house to foreclosure this year? Did your lender forgive some of your mortgage debt because the house sold for less than it the mortgage balance?
If the government closes shop after Friday, the IRS will stop processing paper tax returns, the Small Business Administration will stop making loans and federal home loan guarantees will be put on hold.
With less than two weeks to go before Tax Day, scammers are hard at work coming up with ways to score every last penny. That means stealing identities, filing fake tax forms, hiding income offshore and exaggerating charitable donations.
With the federal government on the verge of a shutdown, many government services and agencies would be closed, suspended or otherwise affected.
The hot topic of income equality gets especially emotional now, at tax time, and will get even more so this year, with the latest IRS data showing what happened in the recession.
You're now almost four times as likely to conduct your tax audit by mail, as you are to sit down with the tax man.
Watch out millionaires: The IRS is coming for you.
If the Internal Revenue Service is able to hire more enforcement agents, will the federal budget deficit shrink?
As tax season kicks into gear, the Internal Revenue Service is doling out refunds averaging more than $3,000 so far this year.
Did you forget to file your 2007 taxes? The IRS might have a nice check waiting for you.
There are no red hot pokers or other instruments of extreme torture hanging from the walls. No wicked cackling. Not even an evil eyebrow raised.
First lady Michelle Obama found herself at the center of an unlikely breast-feeding debate this week when three prominent conservative women criticized her for encouraging the creation of a "nanny state."
updated: Fri Feb 18 2011 16:33:00
CNN's John King holds a discussion on the IRS decision that breast-feeding is a medical expense.
On Monday, the Internal Revenue Service will begin accepting itemized tax returns, after having pushed back the process due to Congress' delay finalizing the tax code this year.
Tax cheats hiding money offshore have until the end of August to fess up if they want Uncle Sam to take it easy on them.
In a second Republican response to President Barack Obama's State of the Union address delivered on behalf of Tea Party activists Tuesday night, Minnesota Rep. Michele Bachmann asserted that "Instead of a leaner, smarter government, we bought a bureaucracy that tells us which light bulbs to buy, and which may put 16,500 IRS agents in charge of policing President Obama's health care bill."
The Internal Tax Revenue unleashed its first smartphone app on Monday, called IRS2Go, which allows taxpayers to check the status of their refunds and find other tax information.
Leave it to the Internal Revenue Service to further complicate the national mood on the only day of the year devoted exclusively to romance.
Now that House Republicans have had their token show-vote on the health care law, Congress is turning its attention to one small provision that everyone agrees should be repealed.
You get three extra days to file your taxes this year. They'll be due on Mon., April 18.
Itemize your tax deductions? Itching for a refund? You're going to have to wait.
Question: I'm 60, make a good salary and I give generously to charities and other causes I support. I feel that those who have should give to those who don't. I also have about $20,000 in credit card debt, however.
Question: I'm 60, make a good salary and I give generously to charities and other causes I support. I feel that those who have should give to those who don't. I also have about $20,000 in credit card debt, however.
Lawmakers will get a chance Monday to undo a piece of health care reform that businesses big and small say will cost jobs.
Electronic filing of tax returns has become so popular that the Internal Revenue Service will no longer automatically mail a traditional paper form.
Nearly half of all Americans who claimed the first-time homebuyer tax credit on their 2009 tax returns will have to repay the government.
The Internal Revenue Service is too busy trying to punish taxpayers instead of helping them navigate the complex tax system, according to a government official who watches out for taxpayers.
Some homebuyers are angling to claim the $8,000 tax credit even though they missed the deadline.
More than 1,200 prison inmates, including 241 serving life sentences, defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers, according to a Treasury Department report released Wednesday.
The massive expansion of requirements for businesses to file 1099 tax forms that was hidden in the 2,409-page health reform bill took many by surprise when it came to light last month. But it's just one piece of a years-long legislative stealth campaign to create ways for the federal government to track down unreported income.
An all-but-overlooked provision of the health reform law is threatening to swamp U.S. businesses with a flood of new tax paperwork.
updated: Mon Apr 19 2010 07:46:00
CNN's Abbie Boudreau looks at the day Joe Stack slammed his plane into the Austin, Texas, IRS office.
Scrambling to file your taxes before the April 15 deadline? Relax. There's a good chance it won't cost you a penny to submit your return late.
There's only hours left to get in your taxes. But you can beat the clock.
If "taxes are the price we pay for civilized society," to quote Justice Oliver Wendell Holmes Jr., then April 15 is the day that bill comes due for every working American.
Officer Mark Lindback started his day off with a routine contraband check of a jail cell. He pulled up the inmate's mattress, and ducked his head under the bed. He didn't find any shanks or drugs, but he did find papers -- lots and lots of papers.
updated: Thu Apr 15 2010 08:37:00
CNN's John Zarrella explains how some inmates are cashing in on the IRS from prison.
Did you lose your house to foreclosure this year? Did your lender forgive some of your mortgage debt because you sold it for less than it was worth? If so, you could be facing a big tax hit.
Tax season is winding down, but scam artists are still hard at work.
Tax season is winding down, but scam artists are still hard at work.
What's that in your mailbox (or directly deposited into your checking account)?
Worried about an audit this tax season? They're on the rise, according to the IRS. But here are some ways you can avoid IRS scrutiny.
Worried about an audit this tax season? They're on the rise according to the IRS. But here are some ways you can avoid IRS scrutiny.
Whether you plan to have someone else prepare your taxes for you, do it online or the old-fashioned way, by hand, here are some tips for last-minute filers.
You might be surprised to learn who's following you on Twitter, or who your Facebook friends really are.
A thief recently stole personal information related to the student loans of 3.3 million people. It's believed to be the largest ever breach of such data.
If your business uses independent contractors, get ready for new scrutiny. Hoping to boost tax revenue, the IRS and many state governments are cracking down on how companies classify their workers.
The first-time homebuyer tax credit has been extended to cover sales after November 6, 2009 and in contract by April 30, 2010.
If you've had any debt forgiven last year and settled a debt for less than the full amount, you could be in for an unpleasant surprise at tax time.
updated: Wed Mar 24 2010 01:56:00
CNN's Elizabeth Cohen looks who health care reform helps ... and hurts.
The health care law signed Tuesday by President Obama is projected to extend insurance coverage to roughly 32 million additional Americans, but what happens to those who don't get themselves covered by health insurance?
Question: I'm trying to figure out what to do with my $500 tax refund. I'm looking to save for the long-term rather than waste it on a TV. Any suggestions? -- Chez, Colorado Springs
As the tax deadline draws near, the Internal Revenue Service wants you to beware of fraudulent tax preparers, hidden offshore bank accounts and offers that seem too good to be true.
As the April 15 income tax filing deadline approaches, the top tax expert at the National Association for the Self-Employed offers his best advice for business people who work for themselves.
Even if you don't have enough cash on hand or savings to pay your taxes this year, you still have to file your income tax return.
Some people who didn't file a federal tax return for 2006 have more than 1 billion reasons to reconsider, but they need to do it fast, according to the Internal Revenue Service.
A man accused of flying a small plane into an Austin building housing an Internal Revenue Service office last week was one of two people killed in the incident, Texas authorities confirmed Monday.
updated: Mon Feb 22 2010 10:56:00
The wife of the Texas plane crash pilot says in a statement that "words cannot express my sorrow and sympathy."
Joseph Andrew Stack III: Federal officials said a 53-year-old Austin resident with an apparent grudge against the Internal Revenue Service set his house on fire Thursday and then crashed a Piper Cherokee PA-28 into an office building, which housed nearly 200 IRS employees.
The pilot of a small plane that slammed into a building Thursday morning in Austin, Texas, set his house on fire beforehand and then intentionally crashed the aircraft, a federal official told CNN.
updated: Fri Feb 19 2010 07:56:00
Federal authorities say Joseph Andrew Stack crashed a small plane into a building housing an IRS office in Austin.
updated: Thu Feb 18 2010 22:51:00
A plane crashes into a building in Austin, Texas. KXAN reports.
Worried about a tax audit? Maybe you should be. More Americans than ever may be subject to unwanted attention from the Internal Revenue Service this season as the government pumps billions of dollars into tax collection.
Sick of sending big checks to the IRS? For some business owners, this tax season will bring a rare reversal: A stimulus-fueled tax change is putting cash back into the pockets of qualifying entrepreneurs.
Good news homebuyers: You can file for your $8,000 first-time buyer tax credit again.
Did you purchase a home after Nov. 6? Don't expect your $8,000 homebuyer tax credit any time soon.
The tax man has gotten a lot more aggressive in slapping liens on taxpayers who are seriously delinquent in their payments.
Question: If I sell a mutual fund to write off the loss on my tax return, do I face any restrictions on reinvesting the money? -- Tom M., St. Paul, Minn.
Dear Annie: Late last year, the software company where I worked as a full-time webmaster had to lay people off, but they kept some of us on as independent contractors. My boss offered me a deal where I would be doing the exact same job as before, only paid by the hour instead of on salary, with no benefits.
Nothing with taxes is ever simple, even when you're getting a tax break.
The Internal Revenue Service detailed plans on Monday to weed out wealthy, international tax cheats with renewed urgency.
The Internal Revenue Service announced Wednesday that it has reached a deal with the Swiss government, gaining access to thousands of UBS AG accounts that Americans might have used to avoid paying taxes.
The IRS is on the lookout for taxpayers and tax preparers skirting eligibility rules when claiming the $8,000 tax credit. Here's what you need to know.
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