Taxes News Headlines

By Kim Dixon and Patrick Temple-West WASHINGTON (Reuters) - Lois Lerner, an Internal Revenue Service official at the center of the scandal over the agency's extra scrutiny of conservative groups, was put on administrative leave on Thursday after she refused to resign, a senator said. Republican Senator Charles Grassley …

DETROIT (Reuters) - The Chevrolet Spark all-electric subcompact car will cost U.S. buyers as much as 38 percent less than what it takes to buy its larger sibling, the hybrid Volt, General Motors Co said on Thursday. The 2014 Spark EV, which goes on sale next month in California and Oregon, will sell for as low as $19,995 …

WASHINGTON (AP) — At the center of a political storm, an Internal Revenue Service supervisor whose agents targeted conservative groups swore Wednesday she did nothing wrong, broke no laws and never lied to Congress. Then she refused to answer lawmakers' further questions, citing her Fifth Amendment right not to incriminate …

By Andy Sullivan, Gabriel Debenedetti and Poornima Gupta WASHINGTON (Reuters) - For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world. Now the iPad maker has taken the lead, perhaps inadvertently, on a top priority for U.S. business: simplifying America's tax …

By Kim Dixon and Patrick Temple-West WASHINGTON (Reuters) - Three congressional hearings during the past week have allowed lawmakers to vent their anger at the U.S. tax agency for its targeting of conservative groups for extra scrutiny, but the sessions have yielded few answers about who was responsible. The frustration …

(Reuters) - The U.S. Internal Revenue Service has been under intense scrutiny since May 10, when the tax-collection agency acknowledged that workers had used partisan criteria to intensely scrutinize conservative groups' applications for tax-exempt status. After the release of a Treasury Department watchdog report and three …

CHICAGO (Reuters) - Higher-than-expected revenue from state income tax enabled Illinois to reduce its unpaid bills to $5.8 billion from $8.5 billion at the beginning of April, the state comptroller said on Wednesday while cautioning the improvement could be short lived. "Illinois is the only state in the nation where $5.8 …

By Kim Dixon and Patrick Temple-West WASHINGTON (Reuters) - The Internal Revenue Service official at the center of a scandal about extra tax scrutiny of conservative groups told Congress on Wednesday she had done nothing wrong but invoked her constitutional right not to answer questions. Lois Lerner, who heads the IRS tax-exempt …

WASHINGTON (AP) — The Internal Revenue Service official at the center of the storm over the agency's targeting of conservative groups told Congress on Wednesday that she had done nothing wrong in the episode, and then invoked her constitutional right to refuse to answer lawmakers' questions.

By Jessica Wohl (Reuters) - Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal items like clothing. Target warned in April its first-quarter results would be weaker than anticipated, and …

WASHINGTON (AP) — The Treasury Department's No. 2 official told Congress on Wednesday that his agency played no role in the Internal Revenue Service's targeting of conservative groups.

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, 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 …

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 …