Content Tagged As billions_dollars

4 years 2 weeks ago

Congress looks at untaxed airline fees

All those extra fees that consumers are paying to fly add up to billions of dollars for the nation's airlines and a House panel is taking a closer look. The Bureau of Transportation Statistics says airlines collected $7.8 billion last year in ancillary fees -- more than a third...

4 years 7 months ago

Congress scrambles to extend death tax

Congress is working to extend the estate tax. The current federal estate tax law is scheduled to disappear for one year before returning in 2011 at a higher rate. But the House is expected to vote as early as tomorrow on an extension. The bill would permanently extend the current...

4 years 8 months ago

Slew of offshore tax evaders settle with IRS

More than 14,700 U.S. taxpayers came forward to disclose billions in offshore bank accounts in 70 countries under a voluntary Internal Revenue Service program allowing most to avoid criminal prosecution as long as they pay what they owe, IRS officials said Tuesday. A flood of people came forward in...

4 years 8 months ago

Madoff's long-time auditor pleads guilty

Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan. David Friehling entered a plea Tuesday. The judge was questioning him before deciding whether to accept it. Prosecutors said previously that they expected Friehling to plead guilty to securities fraud and...

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