Content Tagged As irs

1 week 6 days ago

IRS warns of phone scams

PUEBLO - The Internal Revenue Service is warning taxpayers in Southern Colorado not to fall victim of a telephone scam. The scammers have called multiple people in Pueblo in recent weeks claiming to be auditors and making threats to try and get access personal bank account information. Other calls have...

1 year 2 months ago

Issa accuses IRS of obstructing investigation

WASHINGTON (AP) - A GOP lawmaker accuses the Internal Revenue Service of obstructing congressional investigations into its targeting of tea party groups. The head of the IRS denies the charge. Republican. Darrell Issa of California chairs the House Oversight Committee. He says the IRS has been slow to produce documents....

1 year 2 months ago

GOP: IRS targeted conservatives more than liberals

WASHINGTON (AP) - House Republican investigators say Internal Revenue Service agents treated conservative groups worse than liberal ones when they applied for tax-exempt status. A report by Republicans on the House Ways and Means Committee says tea party and other conservative groups were, on average, asked three times as many...

1 year 3 months ago

Congress recalls watchdog to explain IRS audit

WASHINGTON (AP) - The investigator who wrote a scathing report about the Internal Revenue Service targeting conservative political groups is heading back to Capitol Hill as a key House Democrat says his committee's investigation has found no evidence of political bias at the agency. IRS inspector general J. Russell George...

2 years 8 months ago

Free Tax Filing

It's time to start thinking about those income taxes, and there are plenty of ways to file. The "Free File Program" pairs up with tax software companies to provide free guided services for those making $57,000 or less. If you make over that, you can still e-file but you'll...

2 years 8 months ago

Pueblo college offers tax help

Pueblo Community College accounting students will provide free basic and intermediate income tax return preparation service. Those eligible have children at home and make less than $49,000. The service will be available from 9 a.m. to 3 p.m. on six consecutive Saturdays beginning Jan. 28 and from 5 to...

3 years 4 months ago

Marijuana businesses subject of tax proposal

DENVER (AP) - Marijuana businesses looking for help navigating the federal tax code are watching a congressional proposal sponsored by Colorado Rep. Jared Polis. Polis and other House members introduced legislation Wednesday about medical marijuana. One of the bills would allow marijuana-related businesses to claim business deductions on their...

3 years 6 months ago

Tax deadline just hours away

Today, April 18, is the last day you can file your personal tax return or file an extension with the Internal Revenue Service. Many locations in Colorado Springs will accept your return until midnight so you can get the April 18 postmark. It is already too late to drop...

3 years 9 months ago

IRS files more tax liens

WASHINGTON (AP) - A government watchdog says the Internal Revenue Service is tormenting struggling taxpayers in the midst of a slumping economy by increasing the number of liens the agency has filed against people who owe back taxes. The IRS filed nearly 1.1 million liens in the budget year...

3 years 10 months ago

IRS steps up audits

WASHINGTON (AP) - The Internal Revenue Service is making it riskier to cheat on your taxes. The tax agency increased the number of returns it audited by nearly 11 percent this year. Statistics released Wednesday show that wealthy taxpayers were most likely to be targeted. In all, the IRS...

4 years 1 month ago

Democrat Hickenlooper returned tax break to IRS

A Denver TV station is reporting that Democratic gubernatorial candidate John Hickenlooper paid over $52,000 to the Internal Revenue Service in 2008 to settle issues surrounding tax credits he received on conservation easements. KMGH-TV reported Tuesday that the easements were on land that Hickenlooper and a partner acquired in...

4 years 3 months ago

Tanning bed tax begins

Getting a nice tan will cost you more green now that the federal tanning salon tax is in effect. The IRS expects to collect some $2.7 billion in taxes from tanning salons over the next decade, but local salons owners are worried that the 10 percent price increase will...

4 years 3 months ago

Salons chapped by tanning tax

A tax on tanning goes into effect Thursday, July 1. Indoor tanners, who spend from $5 to $30 per session to get that bronze look, will now have to chip in another 10 percent to pay for health care. "These are not people who can afford an extra...

4 years 7 months ago

Hazmat crews respond to Utah IRS office

Hazardous materials crews and the FBI were on the scene Monday at the IRS building in Ogden, Utah, where several people were subjected to decontamination showers. Two people were taken out of the building on stretchers for "medical emergencies," but their conditions "do not appear to be related to...

4 years 8 months ago

Small plane crashes into Texas office building

A small plane crashed Thursday into a multistory office building in Austin, causing a fire and sending black smoke billowing from the seven-story structure, officials said. At least two people were injured a third was unaccounted for. The Associated Press, citing an unidentified source, said the crash didn't appear...

4 years 8 months ago

Free tax help this Saturday

If you're having trouble preparing your income tax returns you can get free help this Saturday from the Internal Revenue Service. The Colorado Springs IRS office will be open from 9 am - 2 pm. "There are many tax credits and deductions that may help individuals struggling in...

4 years 8 months ago

IRS to crack down on illegal payroll status

The Internal Revenue Service and 37 states are cracking down on companies that illegally try to trim payroll costs by changing employees' status to independent contractors, The Associated Press has learned. The practice costs governments billions in lost revenue and can leave workers high and dry when they are hurt...

4 years 9 months ago

IRS to start regulating paid tax preparers

The Internal Revenue Service plans to start regulating paid tax preparers, requiring them to register with the government, pass competency tests and adhere to ethical standards. The new regulations, announced Monday, will not be in effect for the current filing season - individual tax returns are due April 15. But...

4 years 11 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 11 months ago

Millions may have to repay part of tax credit

More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit. The Treasury Department's inspector general for tax administration issued a report Monday saying that taxpayers are at risk...

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