IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Four Credit Suisse Bankers Indicted in Tax Conspiracy Case
By Marlene Y. SatterZurich-based Credit Suisse Group AG saw the indictment of four of its bankers on Wednesday, as the U.S. charged them with conspiracy. They were indicted on charges that they helped U.S. citizens hide as much as $3 billion in assets from the IRS over a span of many years.
February 23, 2011
403(b) Plans: IRS Weighs in on TerminationsNonprofit employers can use several different strategies to shut down 403(b) retirement plans without saddling participants with big tax bills, Internal Revenue Service officials say in Revenue Ruling 2011-7.
February 11, 2011
IRS Initiates New Tax Amnesty Plan for Hidden Offshore AccountsThe IRS on Tuesday announced details of a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes.
January 26, 2011
IRS to Announce New Amnesty Program for Offshore AccountsThe IRS has announced a new amnesty program aimed at encouraging wealthy Americans with hidden offshore bank accounts to come forward, declare their money and pay taxes owed, according to a report in The New York Times on Tuesday.
January 24, 2011
After Delay, IRS Will Begin Processing Returns on Feb. 14 That Claim DeductionsThe IRS plans to start processing tax returns delayed by the December tax law changes on Feb. 14, according to a recent announcement.
January 20, 2011
Taxpayer Advocate: PPACA to Turn IRS into Social Benefits AgencyThe Internal Revenue Service might not have the funding, the staff, the skills or the data to do a good job of implementing the new personal and employer health coverage requirements.
January 19, 2011
Taxpayer Advocate: PPACA to Turn IRS into Social Benefits AgencyThe Internal Revenue Service might not have the funding, the staff, the skills or the data to do a good job of implementing the new personal and employer health coverage requirements.
January 14, 2011
IRS Rules Renew Interest in Cash Balance Pension PlansUncertainty surrounding plans ‘virtually eliminated,’ says Towers Watson.