Receipts are critical to good book-keeping and tax returns. But if you can't find one, contrary to popular belief, you are not out of luck thanks to a famous court case, Cohan v. Commissioner. George M. Cohan was a Broadway pioneer with hits like “Give
In fact, the IRS has admitted at the highest levels to targeting, harassing and intimidating Tea Party, Christian, pro-Israel and other conservative groups. Senior IRS officials perpetrated the abuse, which was purportedly facilitated by the White
The government had reached a settlement with the Raiders in 2005 that led to the IRS issuing tax assessments against Davis of $501,000 for 1990, $1.82 million for 1992 and $159,000 for 1995, the money to be paid from tax refunds that Davis was owed for
By its own estimate, the IRS said the error rate on earned-income tax credit returns can be as high as 27 percent. In 2014, about $18 billion in overpayments were sent out. Some were unintentional, some were cases of fraud. For about seven weeks
Jan. 22 — The Internal Revenue Service is “really close†to issuing guidance specifying new automatic approvals for changes in pension plan funding method, a move made necessary by the Pension Protection Act of 2006, an IRS official said.