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.

The non-profit Creative Commons licensing project needs to raise $225,000 by the end of 2005 to face down the IRS requirement of “public support.”

Some customers may be using offshore credit cards to evade paying income taxes and illegally transferring money out of the country.

The IRS has recovered $3.2 billion in unpaid taxes, interest, and penalties from taxpayers who used the “Son of Boss” tax shelter.

Welcome to our weekly podcast, a 46:41-minute conversation recorded live via Skype from Concord, California, USA, and Amsterdam, The Netherlands.

As part of its dispute with the IRS,GlaxoSmithKline has received a claim for additional taxes that the US government asserts legacy company, Glaxo Wellcome owes for the years 1997-2000.

Sorry to crash your party, but as we bring in the New Year, it’s also time to bring in a New Tax Season.

We all love to criticize the IRS, don’t we? And I’m just as guilty as anyone. It’s easy to ridicule a huge organization of government bureaucrats who often seem to be Public Enemy #1.

Looking for an easy way to increase your business deductions? Look no further than your driveway.

While accountants are reaching for aspirin, millions of Americans are reaching for some fast cash this tax season. Unfortunately, those who reach for fast cash in the form of a “refund anticipation loan” are getting hit with interest rates and fees that are out of this world.

When it comes to filing your tax return, spending 37 cents could be the biggest mistake you ever make.

If you’re like most Americans, your automobile is one of your biggest expenses. Gas, insurance, maintenance, and licensing all add up to a generous portion of the average person’s income, not to mention the actual cost of buying or leasing a vehicle.

IRS Treatment of the One-Member LLC.
An LLC with only one member / owner is automatically considered to be a sole proprietorship unless an election is made to be treated as a corporation.

The corporation is America’s most popular and oldest form of business entity. As such, corporate statutes have had the opportunity to evolve over the years and have become quite uniform throughout the states. Today, the most popular forms of corporation include the “General-For-Profit Corporation (or, C-Corporation)” and the “S-Corporation.”

You may find this hard to believe, but if you have children under age 17, you may receive a check from the IRS this summer. No kidding!

With summer day-camp season upon us, here’s a way to let Uncle Sam pick up the tab for your children’s fun. Many parents take advantage of the child daycare credit. Well, this same credit can also be used for summer day-camp expenses.

It’s important that your business be on the “up-and-up” right from the start. Taking care of the legal issues associated with starting a new business will keep you out of hot water in the future. Here are the first steps you need to take:

1. Register Your Business Name

Wayne Davies joined the WebProNews team of experts with his break out article “How To Reduce Your Business Taxes.” He’s been answering WebProNews readers’ tax questions ever since.

When it comes to filing your tax return, spending 37 cents could be the biggest mistake you ever make.
Millions of taxpayers make the mistake of putting their income tax return in a regular letter-sized envelope, sticking on a 37 cent stamp, and placing the envelope in the mailbox.