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    • IRS's summons power faces test in Supreme Court
      By Patrick Temple-West WASHINGTON (Reuters) - The Internal Revenue Service will go before the U.S. Supreme Court on Wednesday to defend the way it enforces its power to issue legal summonses to obtain sensitive documents from taxpayers who refuse to cooperate with audits. The IRS is squaring off against Michael Clarke, a West Palm Beach, Florida, investor wh […]
    • America, the Land of Opportunity and Heavy Taxes [Infographic]
      Is the U.S. becoming the great land of opportunity to pay taxes? Taxes are often the biggest bill a small business has to pay. Many of our representatives don’t even have a clue about what’s going on with the tax code. U.S. Representative from Ohio’s 2nd District, Rob Portman, says, “The income tax code and...
    • CBS Corp gets favorable REIT ruling for Outdoor unit from IRS
      (Reuters) - CBS Corp said on Wednesday that the Internal Revenue Service gave a favorable ruling to the company's plan to convert its outdoor advertising subsidiary, CBS Outdoor Americas Inc, into a real-estate investment trust (REIT). Media conglomerate CBS holds an 81 percent stake in CBS Outdoor, which went public in late March. CBS Corp has said it […]
    • Pakistan publishes list to embarrass tax cheats into paying up
      By Katharine Houreld ISLAMABAD (Reuters) - Desperate Pakistani tax authorities are publicly shaming defaulters by publishing their tax details in a directory for the first time, officials said on Wednesday. Only around one in 200 citizens files income tax, leaving the state begging foreign donors to help fund crumbling public schools and hospitals. Anger ove […]
    • Union fights push to hire private tax collectors
      WASHINGTON (AP) — A public employees union is fighting a bipartisan effort in Congress to force the Internal Revenue Service to hire private contractors to collect some delinquent taxes.