By Jessica Wohl (Reuters) - Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal items like clothing. Target warned in April its first-quarter results would be weaker than anticipated, and its performance was even worse than revised Wall Street expectations due to the cool weather and the impact of higher payroll taxes on spending. Shares of Target fell 3.6 percent to $68.70. First-quarter sales at stores open at least a year fell 0. ...
IRS hits Miccosukee Tribe with $170M bill
South Florida Business Journal (blog)
In addition, the IRS is seeking an additional $58 million from individual tribe members, who failed to pay personal income taxes on gambling profits received from 2000 to 2005, the Herald reported. The bill from the federal agency could increase as it ...
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IRS Scandal Is The Latest Evidence That We Need A Fair Tax
The Founders saw the dangers in direct taxation, and that's why they prohibited it when they wrote the Constitution. The latest IRS scandal is a wakeup call. The 16th Amendment was a mistake. The income tax gives the federal government more information ...
U.S. News & World Report
'Abolish IRS now along with income tax'
Westmoreland County Times
This will allow us to balance the budget immediately, end the federal income tax completely, and give back an average of more than $12,000 to every family in America.” “We don't need an income tax, and we certainly don't need the IRS,” Howell said.
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Crossing sacred linesCoos Bay World
Staunton News Leader
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IRS hits Miccosukee tribe with $170M tax bill
The tribe's general counsel, Bernardo Roman III, wrote the IRS in 2011 that the distributions at issue are not subject to federal income taxation and therefore not subject to federal reporting and withholding under applicable Supreme Court precedent ...
IRS slams Miccosukee Indians with $170 million in tax liens
The tribe's general counsel, Bernardo Roman III, wrote the IRS in 2011 that “the distributions at issue are not subject to federal income taxation and therefore not subject to federal reporting and withholding under applicable Supreme Court precedent.” ...
WASHINGTON (AP) — Summoned by Congress, a key figure in the Internal Revenue Service's targeting of conservative groups plans to invoke her constitutional right against self-incrimination and decline to testify at a congressional hearing on Wednesday.
By Kim Dixon WASHINGTON (Reuters) - Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressional committee on Wednesday. "She has not committed any crime or made any misrepresentation but under the circumstances she has no choice but to take this course," Lerner's attorney, William Taylor, wrote on Monday to the chairman of the House Oversight and Government Reform Committee that is holding hearings into the IRS scandal. ...
By Kim Dixon WASHINGTON (Reuters) - Lois Lerner, an Internal Revenue Service official who revealed that the agency was giving extra scrutiny to conservative groups, will assert her constitutional right not to answer questions from a congressional committee on Wednesday, her lawyer said in a letter obtained by Reuters. ...
IRS Announces Tax Relief For Oklahoma Tornado Victims
If this applies to you, contact the IRS at 866-562-5227. Taxpayers who suffered disaster related losses which are not covered by insurance can deduct those casualty losses on a federal income tax return. A casualty loss is the damage, destruction or ...
Relief in Wake of Oklahoma Tornadoes - Accounting TodayAccounting Today
Slatest PM: Door-to-Door Search for Survivors Draws to a CloseSlate Magazine (blog)
Update on the latest news, sports, business and entertainment - NECN.comNECN
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For more on corporate taxes, see Kyle's recent study "U.S. Multinationals Paid More Than $100 Billion in Foreign Income Taxes."
WASHINGTON (AP) — The former head of the Internal Revenue Service said he first learned in the spring of 2012 — in the heat of the presidential campaign — that agents had improperly targeted political groups that vehemently opposed President Barack Obama's policies.
For more on corporate taxes, see the recent study by economist Kyle Pomerleau "U.S. Multinationals Paid More Than $100 Billion in Foreign Income Taxes."
WASHINGTON (AP) — The man who led the Internal Revenue Service when it was giving extra scrutiny to tea party and other conservative groups seeking tax-exempt status told Congress on Tuesday that he knew little about what was happening while he was still commissioner.
CREW suing IRS on nonprofit rules
CREW has sued to force the IRS to finally deal with this issue,” said CREW executive director Melanie Sloan. (PHOTOS: 10 slams on the IRS). Nonprofit status allows the groups to avoid federal income taxes. But more importantly, it's been used by ...
IRS official Lois Lerner takes the 5th Amendment when questioned by US House ...allvoices
Jan Ting: The heavy load the IRS carries on its shouldersThe News Journal
Tax code allows groups to spend on undisclosed donations on political ...PolitiFact
OregonLive.com -Reason (blog) -Wall Street Journal
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WASHINGTON (AP) — Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.
WASHINGTON (Reuters) - The former head of the Internal Revenue Service told U.S. lawmakers on Tuesday he was "dismayed" to learn that the tax agency had subjected conservative groups to extra scrutiny under his watch. At a congressional hearing, former IRS Commissioner Douglas Shulman said he was unaware in June 2011 about the targeting, and only found out the full scope and severity of the activity when a Treasury Department watchdog published its report. "The full set of facts around these circumstances came out last week ... until that point I did not have a full set of facts," he said. ...