Taxes News Headlines

By Kim Dixon and Kevin Drawbaugh (Reuters) - Internal Revenue Service employees in Ohio, who singled out conservative groups applying for tax-exempt status for extra scrutiny, likely did not consider the political implications, an IRS official in Washington has told congressional investigators. Providing additional details …

By Patrick Temple-West and Karl Plume WASHINGTON/CINCINNATI (Reuters) - A current and a former top tax official have been physically threatened in recent weeks as the scandal over Internal Revenue Service targeting of Tea Party and other conservative groups has gathered steam, people familiar with their situation say. Ousted …

By Kim Dixon WASHINGTON (Reuters) - Congressional investigators probing the U.S. Internal Revenue Service's scrutiny of conservative political groups will interview a key Washington IRS official on Friday and want to speak with as many as 20 more people, sources told Reuters on Thursday. IRS lawyer Carter Hull will be deposed …

By Kim Dixon WASHINGTON (Reuters) - Support from U.S.-based multinational companies is coalescing around a proposal to stem offshore profit shifting and cut the tax rate on some corporate profits, a top congressional Republican working to revamp the tax code said on Thursday. Under the proposal, income from intangible assets …

KANSAS CITY, Mo. (AP) — H&R Block Inc. said last-minute changes to tax laws, a delayed start to the filing season and new fraud controls created hurdles for the company in this year's tax season.

(Reuters) - Iowa Governor Terry Branstad signed what he said was the biggest tax cut in the state's history into law on Wednesday, saying it will spur growth in the state's economy. The law is expected to provide at least $4 billion in property tax relief over a decade. In 10 years, both agricultural and residential property …

By David Morgan and Kim Dixon WASHINGTON (Reuters) - A U.S. Internal Revenue Service manager, who described himself as a conservative Republican, told congressional investigators that he and a local colleague decided to give conservative groups the extra scrutiny that has prompted weeks of political controversy. ...

By Tom Bergin LONDON (Reuters) - Vodafone Group Plc said it paid no corporation tax in Britain for the year to March 2013, prompting fresh criticism from campaigners who have made the UK mobile telephone group a target in the debate on corporate tax payments. Revelations of profit shifting by big companies have provoked …

By Kim Dixon and Patrick Temple-West WASHINGTON (Reuters) - A misfired email from a U.S. Internal Revenue Service employee in Cincinnati in July 2010 alerted a broad group of Washington IRS officials to the heightened scrutiny being given conservative groups, according to an interview the IRS worker gave congressional investigators. …

By Patrick Temple-West and Kim Dixon WASHINGTON (Reuters) - The U.S. Internal Revenue Service, under political fire and distracted by leadership changes, faces a big job and tight deadlines in months ahead as one of the main federal agencies implementing President Barack Obama's new healthcare law. More than 40 tax code …

PRAGUE (Reuters) - The Czech finance ministry will exempt entrepreneurs and companies hit by this week's floods from paying some income tax, it said on Friday. The largest floods in over a decade swept through the central European country after days of heavy rain, killing 10 people. Austria, Germany, Slovakia and Poland …

WASHINGTON (AP) — An Internal Revenue Service official whose division staged a lavish $4.1 million training conference and who starred as Mr. Spock in a "Star Trek" parody shown at the 2010 gathering conceded to Congress on Thursday that taxpayer dollars were wasted in the episode.

SAN FRANCISCO (Reuters) - Hewlett-Packard board member and Kleiner Perkins partner emeritus Ray Lane said he has agreed to settle an outstanding tax bill with the U.S. Internal Revenue Service dating back to 2004 of as much as $100 million. The IRS found that Lane, who gave up his chairmanship of HP in April after coming …

WASHINGTON (AP) — An Internal Revenue Service official whose division staged a lavish $4.1 million training conference and who starred as Mr. Spock in a "Star Trek" parody shown at the 2010 gathering conceded to Congress on Thursday that taxpayer dollars were wasted in the episode.

WASHINGTON (AP) — An Internal Revenue Service official at the center of the agency's latest scandal told lawmakers Thursday that an expensive conference held in 2010 conformed to existing rules, though he acknowledged it was not the best use of taxpayer money.

By Kim Dixon and Patrick Temple-West WASHINGTON (Reuters) - Internal Revenue Service officials on Thursday tried to tame another scandal plaguing the agency, apologizing to lawmakers for a lavish 2010 conference in California that included an elaborate Star Trek spoof training video. "After I saw the production, I fully …

WASHINGTON (AP) — The new acting head of the Internal Revenue Service is telling lawmakers he'll do "everything possible" to make sure taxpayer money is spent wisely.

WASHINGTON (AP) — Internal Revenue Service officials can expect a grilling when they face lawmakers over the latest controversy to rock the agency: lavish spending at employee conferences.

WASHINGTON (AP) — Internal Revenue Service officials can expect a grilling when they face lawmakers over the latest controversy to rock the agency: lavish spending at employee conferences.

By Keith Coffman DENVER (Reuters) - Colorado became the eighth U.S. state to grant driver's licenses to illegal immigrants under a measure signed into law on Wednesday by Governor John Hickenlooper. Under the bill passed by the Democratic-controlled legislature last month with no Republican support, applicants must show …

WASHINGTON (AP) — Moving quickly to address yet another controversy, the Internal Revenue Service placed two officials on administrative leave for accepting free food at a party in a private suite at a lavish IRS conference in 2010, the agency said Wednesday.

By Kevin Murphy KANSAS CITY, Missouri (Reuters) - Missouri Governor Jay Nixon on Wednesday vetoed legislation to sharply reduce corporate taxes that lawmakers said would help Missouri compete with neighboring Kansas and other states, saying the reductions would jeopardize critical state services. "With a price tag of $800 …

WASHINGTON (AP) — A congressional aide tells The Associated Press that two Internal Revenue Service workers are being placed on administrative leave for accepting $1,100 worth of free food and other items at a 2010 conference.