Tax Break

Essential reading: Uneven IRS scrutiny, and more

May 14, 2013

Welcome to the top tax and accounting headlines:   

* Uneven IRS scrutiny seen in political spending by big tax-exempt groups. Nicholas Confessore – The New York Times. For the I.R.S.’s bipartisan legion of critics, the agency’s record has underscored its contradictory and seemingly confused response to the fastest-growing corner in the world of unlimited political spending. Link    

 * Q&A: Details of the IRS controversy. Laura Saunders – The Wall Street Journal. The Internal Revenue Service is embroiled in a controversy over its handling of applications by tea-party and other conservative groups seeking to set up as tax-exempt nonprofits known as 501(c)(4)s. Link 

* IRS officials in Washington were involved in targeting of conservative groups. Juliet Eilperin – The Washington Post. Internal Revenue Service officials in Washington and at least two other offices were involved with investigating conservative groups seeking tax-exempt status, making clear that the effort reached well beyond the branch in Cincinnati that was initially blamed. Link    

* France weighs new tax to fund film, music industries. Sam Schechner – The Wall Street Journal. The French government is considering a new tax on smartphones, and broadening existing taxes to apply to foreign video-streaming companies, as it looks for ways to keep financing its cinema, music and literature in the digital age. Link 

* Cuccinelli’s deja vu tax plan. Juliet Lapidos – The New York Times. Ken Cuccinelli, the Republican candidate for governor of Virginia has a tax plan that starts with closing tax loopholes and putting an end to special interest giveaways. Link    

* IRS: ‘We should have done a better job.’ Steven Miller – USA Today opinion. Mistakes were made, but they were in no way due to any political or partisan motivation. Link   

* Sales tax talk and reality. Floyd Norris – The New York Times opinion. The nation’s brick-and-mortar retailers are promoting the Marketplace Fairness Act, which would force Internet retailers to collect sales taxes based on where the product was being shipped. Link 

 

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