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• Documents: R. Kelly owes nearly $5M in taxes

  June 14, 2012 9:55 PM

  CHICAGO (AP) - R&B star R. Kelly, who last year saw his suburban Chicago mansion fall into foreclosure, now has the Internal Revenue Service at his door. Local media reports documents held by the Cook County Recorder of Deeds show the recording artist owes the IRS nearly $5 million in... more »

• Free Tax Filing

  January 31, 2012 8:23 PM

  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... more »

• Pueblo college offers tax help

  January 25, 2012 2:50 PM

  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... more »

• Marijuana businesses subject of tax proposal

  May 25, 2011 3:46 PM

  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... more »

• Tax deadline just hours away

  April 18, 2011 9:37 PM

  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... more »

• IRS files more tax liens

  January 5, 2011 11:43 AM

  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... more »

• IRS steps up audits

  December 15, 2010 3:32 PM

  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... more »

• Does the IRS owe you money? Search our list

  November 17, 2010 1:06 PM

  The Internal Revenue Service owes Colorado taxpayers $2,156,188. The refund checks were returned to the IRS as undeliverable. The IRS compiled a list of taxpayers for NewsFirst5 from the following cities and towns: Air Force Academy Avondale Calhan Canon City Cascade Colorado... more »

• Democrat Hickenlooper returned tax break to IRS

  September 15, 2010 8:31 AM

  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... more »

• Tanning bed tax begins

  July 1, 2010 7:26 PM

  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... more »

• Salons chapped by tanning tax

  June 30, 2010 5:18 PM

  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... more »

• IRS issues rules for health tax credits

  May 21, 2010 8:33 AM

  The Internal Revenue Service is releasing new guidelines small companies can use to apply for tax credits to spur medical research. The credit - for up to $5 million per company - will cover up to 50 percent of the cost of qualifying biomedical research. The credit is only... more »

• Free tax help available if you earn less than $49K

  April 1, 2010 1:03 PM

  Time is running out to file your taxes. The tax deadline is April 15. If you still need to file your taxes, you may qualify for free help. The Volunteer Income Tax Assistance program (VITA) offers free income tax preparation for low to moderate income families. The service is available... more »

• Hazmat crews respond to Utah IRS office

  March 1, 2010 5:26 PM

  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... more »

• Authorities trying to determine if pilot packed his plane

  February 19, 2010 1:23 PM

  Authorities are trying to determine if the man who flew his small plane into an Austin, Texas, office building put anything in the plane to cause more damage by impact and fire. Police and fire investigators are picking through the wreckage at the office building and at Joseph Stack's... more »

• Small plane crashes into Texas office building

  February 18, 2010 12:37 PM

  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... more »

• Free tax help this Saturday

  February 15, 2010 2:57 PM

  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... more »

• IRS to crack down on illegal payroll status

  February 11, 2010 2:37 PM

  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... more »

• Tax man seizes Colorado Springs business

  January 6, 2010 9:50 PM

  Nearly 30 Colorado Springs employees are out of work after the deli where they worked was seized by the State Department of Revenue. A sign on the door to the East Coast Deli on Powers & Stetson Hills states that the business owes $57,000 in sales and wage employment taxes.... more »

• IRS to start regulating paid tax preparers

  January 4, 2010 1:15 PM

  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... more »

• IRS auditing 1 percent of returns under $200,000

  December 22, 2009 1:03 PM

  Your best chance of avoiding an IRS audit is to earn less than $200,000. IRS enforcement numbers released Tuesday show returns under that amount have a 1 percent chance of getting audited. Returns above $200,000 have a 3 percent audit chance. The percentage jumps to 6 percent for returns showing... more »

• Slew of offshore tax evaders settle with IRS

  November 17, 2009 10:52 AM

  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... more »

• Millions may have to repay part of tax credit

  November 16, 2009 10:49 AM

  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... more »

• 7,500 tax dodgers apply for IRS amnesty program

  October 14, 2009 2:45 PM

  The IRS says 7,500 international tax dodgers have applied for an amnesty program that promises no jail time and reduced penalties for tax cheats who come forward. IRS Commissioner Doug Shulman says response to the program has been unprecedented. He said the tax dodgers were hiding money in more than... more »