Irs

Anne Hathaway's Beau Raffaello Follieri Under Investigation by State of NY

Posted by gmc1

Actress Anne Hathaway has been in a long relationship with Italian businessman Raffaello Follieri. She appears to be distancing herself from his non profit charity Follieri Foundation because the state of NY has issued subpoenas for the financial records for the Follieri Foundation. New York state attorney general Andrew Cuomo is heading the probe.

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GAO slates IRS

Posted by SoxFirst

The Government Accountability Office has once more canned the Internal Revenue Service for its sloppy internal controls, legacy systems and dodgy information security.

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Wesley Snipes indicted for tax fraud - Celebrity News

Posted by Jeff from MSNBC

Snipes, 44, who had a home in Windermere near Orlando, has not been arrested because authorities don’t know where he is, Perez said. Snipes’ manager and attorney did not return phone messages from The Associated Press. “We’ve spoken to his former attorneys over the weekend,” Perez said. “We presume that he knows, and of course after this press conference he will definitely know.”

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Bush Administration Cuts Audit Staff at IRS for Wealthy

Posted by Jeff from New York Times

More Bush corruption: "But six I.R.S. estate tax lawyers whose jobs are likely to be eliminated said in interviews that the cuts were just the latest moves behind the scenes at the I.R.S. to shield people with political connections and complex tax-avoidance devices from thorough audits." Sharyn Phillips, a veteran I.R.S. estate tax lawyer in Manhattan, called the cuts a “back-door way for the Bush administration to achieve what it cannot get from Congress, which is repeal of the estate tax.”

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Bush Administration to Cut Tax Auditors

Posted by Jon from New York Times

The federal government is moving to eliminate the jobs of nearly half of the lawyers at the Internal Revenue Service who audit tax returns of some of the wealthiest Americans, specifically those who are subject to gift and estate taxes when they transfer parts of their fortunes to their children and others. The administration plans to cut the jobs of 157 of the agency’s 345 estate tax lawyers, plus 17 support personnel, in less than 70 days. Kevin Brown, an I.R.S. deputy commissioner, confirmed the cuts after The New York Times was given internal documents by people inside the I.R.S. who oppose them.

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Why Let the I.R.S. See What the S.E.C. Doesn't

Posted by Jeff from New York Times

It doesn't have to be that way. Companies already have basic tax information at hand that could be released to the public without imposing significant costs. And some experts say they believe that the benefits to investors, regulators and the overall tax system could be substantial.

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Advocate blasts IRS for freezing refunds

Posted by Jeff from MSNBC

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