IRS Still Struggling With Tax Treatment Of Immigrants, Changes Rules Again

Tax refund fraud costs taxpayers billions of dollars each year. In an effort to curb fraud, the Internal Revenue Service has made a number of changes over the past few years, including new controls over Individual Taxpayer Identification Numbers (ITINs) which took effect in 2013. Those rules, however, are changing again. ITINs are numbers assigned … Read more

Judicial Watch Claims IRS Attorneys Admit Lois Lerner’s ‘Missing’ Emails Exist

So do they or don’t they? After maintaining for quite some time that Lois Lerner’s emails are completely, definitely gone (maybe), it turns out that there’s now a different story. According to Judicial Watch President Tom Fitton: Department of Justice attorneys for the Internal Revenue Service told Judicial Watch on Friday that Lois Lerner’s emails, … Read more

New Tax Head Says She Knows Why Italians Don’t Pay Taxes: They’re Catholic

Dolce & Gabbana. Miuccia Prada. Roberto Cavalli. Valentino. Silvio Berlusconi. That’s not merely a list of some of Italy’s most famous, most wealthy newsmakers. The names on that list have made news over the past few years for another, more dramatic reason: they’ve all been targeted (most successfully) by Italian taxing authorities for tax evasion. … Read more

Feds Announce Record Settlement With Bank Of America, Shareholders Breathe Sigh Of Relief

Bank of America Corporation (BoAC) will pay $16.65 billion to settle claims against Bank of America and its related parties (including Countrywide Financial Corporation and Merrill Lynch). That was the word today from Attorney General Eric Holder and Associate Attorney General Tony West. It is the largest civil settlement with a single entity in American … Read more

Flipping Through History: Online Retailers Owe Popularity And Tax Treatment To Mail Order Catalogs

If you’re clicking through the internet today hoping to do a little shopping, you likely have Aaron Montgomery Ward to thank. On August 18, 1872, Aaron Montgomery Ward produced the first Montgomery Ward mail order catalog, largely thought to be the first mail order catalog meant for the general public (Tiffany claims that their Blue … Read more