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Big Increase in High AGI Returns: The number of income tax returns reporting adjusted gross income of $200,000 or more increased 16.5 percent from 1998 to 1999, according to the latest issue of the Statistics of Income Bulletin.
August 18 -
by George G. Jones and Mark A. Luscombe
August 18 -
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IRS disregards privacy, says IPI: The recent release by the Internal Revenue Service of confidential tax data on many prominent United States citizens, including a current candidate for governor of California, demonstrates the IRS’s total disregard for the privacy of U.S. taxpayers, according to Tom Giovanetti, president of the Institute for Policy Innovation, a nonprofit public policy research organization based in Dallas.
August 4 -
by George G. Jones and Mark A. Luscombe
August 4 -
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Armey: Change Tax Code to Avoid 'Corporate Inversion': Instead of penalizing companies for trying to minimize their taxes by switching their headquarters to foreign countries, Congress needs to change the tax code itself, says Congressman Dick Armey.
July 7 -
by George G. Jones and Mark A. Luscombe
July 7 -
by George G. Jones and Mark A. Luscombe
June 16 -
New Refund Status Check Put Through Trial Run: The Internal Revenue Service is testing a new Internet-based service that will allow taxpayers to check the status of their refunds at anytime from anywhere. The Web application is expected to be fully operational for the 2003 filing season.
June 16 -
Grassley Knocks Stanley Works Bermuda Move: Shareholders of tool maker Stanley Works approved relocating the company’s legal residence to Bermuda, a move that angers Sen. Chuck Grassley, ranking member of the Committee on Finance.
June 2 -
By George G. Jones and Mark A. Luscombe
June 2 -
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IRS Warns Of New ID Theft Scam: The Internal Revenue Service has warned of a fraudulent scheme that uses phony bank correspondence and IRS forms in an attempt to trick taxpayers into disclosing their personal and banking data. The information is then used to steal the taxpayer’s identity and bank account deposits.
May 19 -
By George G. Jones and Mark A. Luscombe
May 5 -
by Roger Russell
May 5 -
THE INTERNAL RevIRS UPDATES WEB ITEM DEBUNKING FRIVOLOUS TAX ARGUMENTS: The Internal Revenue Service has updated its Web site item that addresses false arguments about the legality of not paying taxes or filing returns. The IRS chief counsel prepared a document addressing the most frequent arguments and posted it to the IRS Web site last summer. This is the first update of that posting.
April 21