| Lost your home? You may owe IRS |
September 2007 - Even if you received no money from a foreclosure sale, you may have to pay capital-gains taxes on the phantom income. And that's not all.
|
| Haas pleads guilty to tax fraud |
| NASCAR team owner Gene Haas pleaded guilty Monday to defrauding the government of more than $34 million in taxes. |
| 'Sole Proprietors' Face Tax Scrutiny |
| August 2007 - A new government report shows large amounts of tax noncompliance, including both cheating and honest mistakes, among "sole proprietors," or people who own unincorporated businesses by themselves. |
| Attention, eBay sellers: Congress eyes $300B tax gap |
| March 2007 - Democrats and Republicans don't agree on much, but they do share a desire to narrow the tax gap. That's not surprising. The IRS estimates that the tax gap exceeds more than $300 billion a year. Collecting even half that amount would let Congress repeal the alternative minimum tax — a parallel tax system that increasingly threatens middle-income taxpayers — without raising taxes or cutting government programs. |
| The Tax Man and the Debt Collector Team Up |
| January 2007 - The IRS has found a perfect partner: the debt collection industry, filled with cowboys who lie, harass and abuse their targets. They could be coming after you. |
| IRS enforcement efforts raise record revenue |
| November 2006 - As a result of its crackdown efforts, the Internal Revenue Service generated a record $48.7 billion in revenue in fiscal year 2006, up 3 percent from a year earlier, according to a Government Accountability Office financial audit report released this week. |
| Increased IRS Enforcement Actions Net Billions |
| November 2006 · The IRS says it's collecting more money from tax cheats. Last tax year, it collected a record $48.7 billion from enforcement actions. The agency says it has also increased the number of audits it conducts, including audits of wealthy taxpayers. |
| The Tax Gap: Measuring the IRS’s Bottom Line |
| April 2006 - While measuring the magnitude of the tax gap is important, from an economic standpoint identifying the source of the tax gap is a necessary precursor to developing a structured plan to reduce the gap. To guide enforcement efforts, policymakers must identify who is cheating as well as how they are cheating. Identification of tax-gap sources also matters from a psychological standpoint, because tax evasion has been linked to the perceived fairness of taxpayer burden. |
| Cracks In The IRS Crack Down |
July 2005 - On July 11 the Internal Revenue Service announced that 95 executives had agreed to pay taxes -- plus interest and penalties -- on $500 million in stock option income they diverted into a complex tax shelter. On top of that, the agency said it has collected $4 billion from 1,300 individuals who used another scheme.
|
| Understanding the Tax Gap |
| March 2005 - Wesley Snipes has been indicted on federal criminal charges for his role in a bizarre tax avoidance scheme that allegedly included him seeking $12 million in fraudulent refunds and failing to file six years of tax returns. In an eight-count indictment unsealed today... |
| President Bush's 2006 Budget to Request Boost for IRS Enforcement |
| February 2005 - President Bush's 2006 budget will request an additional $500 million for IRS enforcement activities. This represents a 7.8% increase in funding over FY 2005. |