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More companies are preparing to offer lump-sum pension buyouts to their former employees, taking advantage of tax policies making it possible to reduce their pension obligations and lower their costs.
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The IRS awarded $11.6 million to a whistleblower, and experts say the agency could make as many as 10 more large payouts in coming weeks.
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An update on the IRS scandal.
U.S. companies with defined-benefit pension plans will save at least $18 billion in 2016 because the Internal Revenue Service has yet to adopt updated assumptions on how long Americans are living, Moody’s Investors Service says.
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The Internal Revenue Service’s decision in July to delay until 2017 the use of new mortality assumptions for calculating corporate pension obligations could save companies a combined $18 billion in 2016, according to Moody’s Investors Service.
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If the president doesn’t tell Commissioner Koskinen to go, then we in Congress should impeach him.
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Emails of former IRS official Lois Lerner, a central focus of lawmakers’ probes into the alleged targeting of tea-party groups, were lost when backup tapes were erased last year, the agency’s inspector general has found.
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The Internal Revenue Service plans to announce an agreement, as soon as next week, with tax-preparation companies on ways to strengthen security of the tax system.
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The IRS said identity thieves used one of its online services to obtain prior-year tax return information for about 100,000 U.S. households.
That line about death and taxes? Both are still unavoidable, even for the 7.6 million American citizens abroad. But now the inevitability is a little more complicated.
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The watchdog agency for the Internal Revenue Service said it has found as many as 30,000 missing emails that could be relevant to a long-running congressional inquiry into alleged IRS targeting of conservative groups.
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The Republican Senate takeover signals a new chapter in efforts to rein in the out-of-control tax agency.
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Republicans and Democrats on a Senate investigative subcommittee have issued duelling reports on the IRS controversy. Democrats say the IRS investigated liberal groups as well as tea party organizations. Republicans say the Democrats' report fails to capture IRS bias against conservative groups.
Officials say the actual IRS will never make first contact by phone.
House Republicans said Tuesday they have learned through interviews that the computer hard drive that crashed and caused the email loss had merely been scratched. That means technicians should have been able to recover substantial portions of its contents, lawmakers say.
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Lawmakers investigating the Internal Revenue Service's treatment of conservative groups released new emails Wednesday suggesting that top IRS officials communicated through an instant-messaging service that wasn't routinely archived.
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House Republicans investigating Internal Revenue Service targeting of conservative tax-exempt groups issued more requests on Friday for information about emails that might have been lost due to technology failures.
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The agency had a legal obligation to retain the records it lost.
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Republican lawmakers sharply questioned the head of the Internal Revenue Service over the loss of email records related to the agency's treatment of politically active conservative groups.
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The agency now admits it didn't fully comply with subpoenas.
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