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After getting taxpayer bailout, AIG board weighs joining suit against US

NEW YORK (AP) — American International Group Inc. said Tuesday its board of directors will weigh whether to take part in a shareholder lawsuit against the government over its $182 billion bailout of...

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IRS cracking down on ID theft, tax fraud

MIAMI (AP) — With tax filing season heating up, the Internal Revenue Service is mounting an aggressive crackdown against identity theft and tax refund fraud.Officials said Thursday that a January sweep...

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Lew signals support for tax code rewrite

WASHINGTON (AP) — Jacob Lew, President Barack Obama's nominee for Treasury secretary, pledged to work with Congress on a comprehensive overhaul of the tax code while urging lawmakers to avoid automatic...

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Senate approves Democratic budget with $1 trillion in new taxes

WASHINGTON (AP) — The Senate has narrowly passed its first budget proposal in four years as majority Democrats went on record favoring almost $1 trillion in tax increases over the coming decade while...

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Govt shuts more than 30 tax preparers in 6 months

WASHINGTON (AP) — As the April 15 federal income tax deadline approaches, the Justice Department says it has closed more than 30 unscrupulous tax preparers and tax fraud promoters in the last six...

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Obama earned less in 2012, pays $112k in taxes

WASHINGTON (AP) — President Barack Obama made less in 2012 than in any other year since taking office, with about 40 percent of the nearly $609,000 in income that he and first lady Michelle Obama...

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Likely tax cheats flock South, West

WASHINGTON (AP) — Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles.You might also be...

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Internet sales tax embraced by no-tax Republicans

WASHINGTON (AP) — You don't see this very often: a majority of Senate Republicans voting to make people who buy stuff on the Internet pay state and local sales taxes.Anti-tax guru Grover Norquist isn't...

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Senate advances bill to tax Internet sales

WASHINGTON (AP) — The Senate moved closer Thursday to passing a bill to tax purchases made over the Internet. But a final vote in the Senate was delayed until senators return from a weeklong...

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Senate to vote on bill letting states tax Internet purchases

WASHINGTON (AP) — Attention online shoppers: The days of tax-free shopping on the Internet may soon end for many of you.The Senate is scheduled to vote Monday on a bill that would empower states to...

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Senate passes bill letting states tax online sales

WASHINGTON (AP) — The Senate sided with traditional retailers and financially strapped state and local governments Monday by passing a bill that would widely subject online shopping — for many a...

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IRS teams with Australia, UK, to expose tax cheats

WASHINGTON (AP) — The U.S. is teaming up with Australia and the U.K. in an effort to expose tax cheats from around the world.Tax agencies from the three countries have acquired "a substantial amount of...

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Tea Party Targeted

WASHINGTON (AP) — The Internal Revenue Service inappropriately flagged conservative political groups for additional reviews during the 2012 election to see if they were violating their tax-exempt...

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Obama Slams IRS

WASHINGTON (AP) — President Barack Obama on Monday called reports that the Internal Revenue Service targeted conservative groups "outrageous" and said anyone responsible should be held accountable. He...

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Panel: Apple uses firms outside US to avoid taxes

WASHINGTON (AP) — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.The...

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