WASHINGTON, July 15 (Reuters) – A U.S. group that represents
accountants said on Tuesday it has sued the Internal Revenue
Service, challenging its new voluntary program for educating and
testing tax return preparers.
“The IRS’s new rule regulating tax return preparers is an
unlawful exercise of government power,” Barry Melancon,
president of the American Institute of Certified Public
Accountants (AICPA), said in a statement.
WASHINGTON, July 15 (Reuters) – The U.S. House of
Representatives voted on Tuesday to ban permanently any taxation
of Internet access, a prohibition that is temporary and
currently set to expire in 16 weeks.
In a move opposed by some Democrats and state and local
governments, the House approved a bill that would bar state and
local governments from enacting Internet connection taxes.
WASHINGTON (Reuters) – Seventy-six U.S. corporations have shifted their tax domiciles out of the United States to other countries since 1983 to avoid U.S. taxes, with a sharp increase recently in such deals, a policy research arm of Congress said on Monday.
Known as inversions, these transactions are still rare but are becoming more common and causing concern in Washington. Responding to a request from lawmakers for background, the Congressional Research Service said it had found 47 such deals had been done in the past decade and more are in the works.
WASHINGTON (Reuters) – The U.S. Internal Revenue Service said on Thursday it will launch a voluntary education program for tax return preparers, a step back from an earlier mandatory program of testing and regulation that was halted by the courts.
The U.S. Court of Appeals for the District of Columbia ruled in February that the IRS did not have the authority on its own to impose rules on up to 700,000 preparers who are not already licensed as attorneys, accountants or “enrolled agents.”
WASHINGTON (Reuters) – As Walgreen Co, the largest U.S. drugstore chain, edged closer to potentially moving its tax home base abroad, the senior U.S. senator from its home state said on Wednesday that he hoped the company would not take such a step.
Illinois Democrat Richard Durbin told Reuters in an interview that he spoke with a Walgreen lobbyist on Tuesday. “I told him I hope that the rumor’s not true,” Durbin said.
WASHINGTON, June 25 (Reuters) – As Walgreen Co, the
largest U.S. drugstore chain, edged closer to potentially moving
its tax home base abroad, the senior U.S. senator from its home
state said on Wednesday that he hoped the company would not take
such a step.
Illinois Democrat Richard Durbin told Reuters in an
interview that he spoke with a Walgreen lobbyist on Tuesday. “I
told him I hope that the rumor’s not true,” Durbin said.
WASHINGTON (Reuters) – The U.S. Internal Revenue Service was criticized by the government’s chief archivist on Tuesday over emails that the tax agency has lost, the latest focus of a Republican inquiry into past IRS treatment of conservative groups.
U.S. Archivist David Ferriero told lawmakers at a hearing that the IRS did not inform his agency, the National Archives and Records Administration (NARA), as required by law, when it discovered that a former senior IRS official’s computer crash had wiped out some of her emails.
WASHINGTON (Reuters) – The Republican chairman of a congressional panel accused the U.S. Internal Revenue Service on Monday of hiding a former official’s emails related to a 2013 controversy involving IRS treatment of conservative groups.
Representative Darrell Issa criticized what he called “obstruction by the IRS” over emails written by Lois Lerner that the committee wants for review. The agency said last week it lost some of Lerner’s emails in a computer crash.
WASHINGTON (Reuters) – The head of the U.S. Internal Revenue Service refused to apologize on Friday for the loss of emails that Republican investigators want as part of a year-old inquiry into the tax agency’s scrutiny of politically conservative groups.
“I don’t think an apology is owed,” IRS Commissioner John Koskinen told Republican Representative Dave Camp in a tense exchange at a hearing about the emails, the latest fallout from 2013′s so-called IRS Tea Party targeting affair.
WASHINGTON (Reuters) – Congressional Democrats are frustrated with the U.S. Internal Revenue Service’s handling of a year-old, Republican-led investigation of the tax agency’s scrutiny of Tea Party-aligned political groups, said a senior Democrat and aides on Thursday.
The head of the IRS is set to testify on Friday and Monday on the affair before two Republican-controlled panels.