The Internal Revenue Service has announced that starting on January 16 it is expanding its e-file program for 2008 federal tax returns.IRS Commissioner Doug Shulman recommends taxpayers consider e-file this year as the best option to file accurate tax returns and receive fast refunds. The e-file program includes new improvements to the Free File program that will allow nearly all taxpayers to e-file for free.
The U.S. Treasury Department wants to crack down on Internet businesses like eBay and Amazon.com and require them to share their customer's personal data with the Internal Revenue Service.
An overwhelming number of last minute US income tax filers obliterated Intuit's capacity to handle their tax returns, leading to a lot of frustration and worries about punitive IRS action.
With tax season here and the deadline looming for Americans to make their annual payments to Uncle Sam more people are filing their taxes online.
Many sellers on eBay likely report their gains for tax purposes as they are required to do. Some people may not know they are supposed to do this, or actively choose not to pay. The Internal Revenue Service wants to make eBay and other auction sites part of the process that reports that income.
Symantec apparently underreported the value of transfers it made of intellectual property to a pair of foreign subsidiaries after its purchase of Veritas.
The honeymoon may be over for PayPal clients using their accounts to funnel money from offshore and avoid the Internal Revenue Service. A federal court in California granted the IRS permission to seek account information from the eBay-owned company.
The Internal Revenue Service began the process for obtaining information from eBay-owned PayPal on certain money transfers outside the US.
During its earnings announcement, Google noted how higher than expected taxes caused the company to miss Wall Street expectations.
The AFP reports that Bill Gates told a Microsoft conference in Lisbon that he has so much money, the IRS needs a seperate, special computer just for his financial information.
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