Taxes News Headlines

By Kim Dixon WASHINGTON (Reuters) - Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressional committee on Wednesday. "She has not committed any crime …

WASHINGTON (AP) — Summoned by Congress, a key figure in the Internal Revenue Service's targeting of conservative groups plans to invoke her constitutional right against self-incrimination and decline to testify at a congressional hearing on Wednesday.

By Jonathan Stempel NEW YORK (Reuters) - Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes. Glafira Rosales, 56, faces three counts of filing …

By Kim Dixon WASHINGTON (Reuters) - Lois Lerner, an Internal Revenue Service official who revealed that the agency was giving extra scrutiny to conservative groups, will assert her constitutional right not to answer questions from a congressional committee on Wednesday, her lawyer said in a letter obtained by Reuters.  …

WASHINGTON (AP) — The former head of the Internal Revenue Service said he first learned in the spring of 2012 — in the heat of the presidential campaign — that agents had improperly targeted political groups that vehemently opposed President Barack Obama's policies.

WASHINGTON (AP) — The man who led the Internal Revenue Service when it was giving extra scrutiny to tea party and other conservative groups seeking tax-exempt status told Congress on Tuesday that he knew little about what was happening while he was still commissioner.

WASHINGTON (AP) — Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.

WASHINGTON (Reuters) - Treasury Secretary Jack Lew said on Tuesday that Internal Revenue Service employees acted alone in making public the agency's handling of tax exemptions for Tea Party groups and that he would have advised against it. Details of the IRS targeting of conservative political groups seeking tax-exempt …

WASHINGTON (Reuters) - The former head of the Internal Revenue Service told U.S. lawmakers on Tuesday he was "dismayed" to learn that the tax agency had subjected conservative groups to extra scrutiny under his watch. At a congressional hearing, former IRS Commissioner Douglas Shulman said he was unaware in June 2011 about …

WASHINGTON (AP) — A leading Senate Democrat says the Internal Revenue Service's targeting of conservative groups was intolerable, and he is promising to get to the bottom of how it happened.

LOS ANGELES (AP) — Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.

By Nate Raymond (Reuters) - A California-based Tea Party group sued the U.S. Internal Revenue Service on Monday in what marked the first lawsuit to stem from an investigation finding the agency singled-out conservative organizations. In a lawsuit filed in U.S. District Court in Cincinnati, the NorCal Tea Party Patriots …

By Kim Dixon and Roberta Rampton WASHINGTON (Reuters) - Two senior aides to President Barack Obama knew weeks ago about a watchdog report on the U.S. Internal Revenue Service targeting of conservative groups, a spokesman said on Monday, shifting the focus to the White House in a fast-moving controversy. White House Counsel …

WASHINGTON (Reuters) - The White House acknowledged on Monday that its counsel was told on April 24 about the preliminary findings of an IRS audit that eventually showed Internal Revenue Service employees had targeted conservative groups for extra scrutiny. White House spokesman Jay Carney said the counsel, Kathryn Ruemmler, …

By Lawrence Hurley WASHINGTON (Reuters) - The Supreme Court on Monday ruled for utility PPL Corp in its dispute with the U.S. Internal Revenue Service over credits the company claimed to offset overseas tax payments. The court ruled on a unanimous vote that Pennsylvania-based PPL can claim $39 million in U.S. foreign tax …

BANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' …

WASHINGTON (AP) — A senior White House adviser insists President Barack Obama learned the Internal Revenue Service had been targeting tea party groups "when it came out in the news."

By Gary Robertson RICHMOND, Virginia (Reuters) - Virginia Republicans on Saturday formally nominated Ken Cuccinelli for governor in the nation's marquee 2013 political race, and the conservative attorney general wasted no time reminding voters of the scandals facing President Barack Obama. "I am not a true conservative …

WASHINGTON (Reuters) - Three congressional committees and the Department of Justice are investigating the Internal Revenue Service's scrutiny of conservative groups seeking tax-exempt status as the scandal distracts from President Barack Obama's second-term agenda. Below are some of the major players in the backlash over …

WASHINGTON (Reuters) - Republican lawmakers on Friday began an investigation into whether the U.S. Environmental Protection Agency greatly favored left-leaning environmentalists over conservative groups when granting fee waivers for requests to access information. The lawmakers drew a comparison between the actions they …

By Andy Sullivan and Kim Dixon WASHINGTON (Reuters) - The outgoing head of the U.S. 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. But during the first hearing …

WASHINGTON (Reuters) - Incoming acting Internal Revenue Service chief Daniel Werfel has been asked to spearhead a "thorough review" of the scandal-plagued agency and report back to President Barack Obama in 30 days, a Treasury Department official said on Friday. Obama on Thursday named Werfel, a White House budget official, …

WASHINGTON (Reuters) - The outgoing head of the Internal Revenue Service acknowledged on Friday that the tax agency planned its initial disclosure about having targeted conservative groups through a planted question at a lawyers' conference. Acting IRS Commissioner Steven Miller told lawmakers during a Capitol Hill hearing …