The IRS is wasting money chasing money we shouldn't be paying anyway!Read more »
Internet sellers who don't report their sales will no longer be under the radar. Starting next year, any bank or other payment settlement company that processes credit cards, debit cards, and electronic payments such as PayPal will have to issue information returns telling the IRS what merchants receive. The new returns are Form 1099-K, Merchant Card and Third-Party Payments.Read more »
MOSCOW, Ohio – An Ohio man says he bulldozed his $350,000 home to keep a bank from foreclosing on it.Read more »
A small single-engine plane crashed into a seven-story office building in Austin, Texas, around 10 a.m. local time Thursday.Read more »
After years of prodding from outside watchdogs, the Internal Revenue Service said Monday that it will require anyone who prepares federal tax returns for pay to register, pass a minimum competency test and be subject to continuing education requirements and ethics rules.Read more »
WASHINGTON (Reuters) - The U.S. Internal Revenue Service is struggling with an aging workforce where more than a third of its executives are eligible for retirement, a scenario putting its mission at risk, a government report said on Monday.Read more »
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