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- IRS
- Internal Revenue Service: in the United States, the branch of the federal government charged with collecting the majority of federal taxes
- IRS definition on BNET »
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- How to Manage Independent Contractors
- Federal Express is just the latest company to face big IRS fines for mishandling contractors. Here's how to manage ICs the right way. Decide Whether You Need One Goal: Learn what contractors can do for you — and...
- Articles 2008-01-07
- Higher Taxes for the Mass Affluent
- A multitude of recent and proposed law changes aim to raise the taxes of people like you. Here are a few key steps that could help you head off these impending tax hikes. ...
- Articles 2009-05-04
- Wait! Don't File That Return Yet!
- Hustling to ship off your 2008 tax return? Not so fast. Check out these often overlooked deductions, including some that are new for '08. A last-minute look could save you some money.Sure, you'd like to get your 2008 tax returns behind you. But while you have time — albeit, not...
- Articles 2009-04-03
- Before Filing Your Taxes
- Don't make any of these common goofs that could flag your 2008 tax return at the IRS. If you do, you might get socked with stiff penalties and interest, not to mention a delayed refund. ...
- Articles 2009-04-03
- Lessons from Your '08 Return
- Your 2008 taxes are done. Congrats! But you're not done yet. This is the perfect time to look for ways to lower your 2009 taxes, while you have all your records and forms handy. The sooner you get started, the more you'll save. ...
- Articles 2009-04-03
- How Can Uncle Sam Help You?
- You've put off the inevitable and now April 15th is staring you down. Don't panic! MoneyWatch's Jill Schlesinger shares last-minute deduction tips.
- Videos 2009-04-01
- Tax Help for Ponzi Victims
- Whether you've lost hundreds or millions in the recent fraud schemes, you needn't kiss your cash goodbye altogether. Here's how to claim your losses.
- Videos 2009-04-02
- The Upside of Apocalypse
- Scammed in 2008? Laid off? Your portfolio in tatters? Well, look on the bright side. At least you'll get some tax breaks. Here are three that could make the final reckoning a little less painful. Who could fault you for thinking that 2008 marked the end of the financial...
- Articles 2009-03-09
- Tax Relief for Fraud Victims
- If any of your money disappeared down the rathole known as Bernie Madoff or any of the similar Ponzi operations that came to light last year, the Internal Revenue Service offers you some relief, if not much sympathy. How financial victims can get the tax breaks they deserve... If...
- Articles 2009-03-05
- Madoff Victims: What Will They Get Back?
- Defrauded investors are on a mission to recover some of their $65 billion in phantom funds. At least they'll get a tax break. Bernard Madoff ...
- Articles 2009-07-24
Additional Resources
- GAO notes IRS security improvements; wants further action
- The Government Accountability Office GAO has released a report PDF to IRS Commissioner Douglas Shulman regarding the state of the IRS' information security system. In its last audit of the IRS, the GAO identified 115 areas or systems as problematic. The IRS accepted the findings and agreed to remedy the...
- News items 2009-08-07
- IRS Loses Law Suit Over Phone Taxes Badly
- In 1896 Congress passed an excise tax on long distance phone calls at a rate of 3% based on transmission time and the distance between the two connected points. In 2006 after five different U.S. Circuit Courts agreed that this tax was no longer applicable in response to a...
- Blog posts 2009-08-10
- New procedures for IRS determination letter program
- The IRS determination letter program has been significantly redesigned by IRS Revenue Procedure 2005-66. (Rev. Proc. 2005-66, released August 26, 2005, is available at www.irs.gov/pub/irs-drop/rp-05-66.) The new program is intended to help both IRS and t The IRS determination letter program has been significantly redesigned by IRS Revenue Procedure 2005-66....
- Research articles 2005-12-01
- The taxman cometh? IRS urged to tax virtual worlds, economies
- The Internal Revenue Service should start taxing the fledgling virtual economy in Second Life, World of Warcraft, and other virtual worlds according to Taxpayer Advocate Nina Olson. In her annual report published on the IRS website, Olsen said that there are still a number of issues that the IRS should...
- News items 2009-08-07
- Top Ten Tips for Appealing an IRS Audit
- Collection of your tax bill is delayed for many months when you appeal the results of an IRS audit. Appeals are often successful in reducing liabilities, but seldom are audit reports totally reversed. The IRS usually allows you to appeal its decisions to the IRS Appeals Office. The IRS Appeals...
- Research articles 2006-11-01
- Cost-Effectiveness: U.S. IRS Correspondence Imaging System
- Although taxpayers can interact with the Internal Revenue Service IRS through a number of channels, due to the legal and investigative nature of some of the correspondence, many taxpayers are required to or choose to correspond with the IRS on paper. And while usage of electronic correspondence will continue to...
- White papers 2005-05-02
- IRS forms reveal IRS 'decision' on NQ-LTC.(1099-LTC and 8853 IRS forms on benefit taxation under nonqualified long-term care policies issued after Jan 1, 1997)
- The IRS forms 1099-LTC and 8853 include specific information on taxation of benefits included in nonqualified long-term care (NQ-LTC) policies that became valid after Jan 1, 1997. The IRS require taxpayers to provide information regarding NQ-LTC benefits The IRS forms 1099-LTC and 8853 include specific information on taxation of benefits...
- Research articles 1998-02-23
- Delaying retirement won't nullify an IRS levy on plan assets.
- Delaying retirement won't nullify an IRS levy on plan assets. An executive owed taxes to IRS. When he reached 65, he stayed on the job and elected to defer payouts from the firm's 401k plan until he retired. Nonetheless, an IRS agent sent a levy t...
- Research articles 2000-08-18
- Court review of IRS abuse of discretion.
- Various code sections give the IRS discretion to reduce or eliminate a tax liability for equity or hardship reasons. If the IRS fails to reduce a liability, the taxpayer can ask a court to mandate a reduction on the grounds the IRS abused its discret Various...
- Research articles 2004-12-01
- IRS may get larger role in writing tax laws.
- The IRS may get a larger role in writing tax laws in the future. IRS will if the co-chairman of the Restructuring Commission has his way. IRS isn't always consulted on the administrative aspects of tax changes... whether they are feasible and eventua The IRS may...
- Research articles 1997-04-18
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