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Tag - IRS
Identity thieves have stolen the tax information of more than 100,000 people via a service ran by the Internal Revenue Service (IRS), the government agency has advised. Speaking before the Senate Finance Committee on Tuesday, IRS Commissioner John Koskinen advised that the government body is working with state governments and producers of tax software to make it more difficult for a thief to steal tax refunds destined for their rightful recipients.
Microsoft filed a lawsuit against the Internal Revenue Service (IRS) on Monday, seeking information relating to the agency's probe into the software giant's tax records. The suit, filed with the US District Court for the District of Columbia, accuses the IRS of "unlawfully" withholding information that was requested through a Freedom of Information Act (FOIA) request.
The Internal Revenue Service (IRS) has paid Microsoft for an extra year of support for Windows XP, it has been revealed. The agency's failure to migrate approximately 58,000 out of 110,000 Windows computers from Windows XP to Windows 7, and though the actual figure being paid is unknown, it is likely to cost the IRS millions of dollars.
The Internal Revenue Service has declared that Bitcoin should be classed as property for tax purposes, and not as a currency. The ruling, which clarifies the tax-related standings for its supporters, can be applied to virtual currencies, with the US government agency also stating that owners may need to pay more tax or deduct a loss depending on what happens to the value of the currency as it is owned.
The Internal Revenue Service (IRS) has leaked tens of thousands of Social Security Numbers (SSNs). The security failure stems from the government agency failing to adequately redact sensitive details held in a new online database, listing the filings of Section 527 political organizations in what is called a $1.5 trillion non-profit industry.
The Internal Revenue Service (IRS) announced this week it has proposed a rule that would deem 25 percent of an employee's annual company-issued cell phone expenses a taxable benefit, according to a Friday WSJ report. Employees could avoid the tax liability if they showed proof that they used their own cellphones for nonbusiness calls during work hours. The IRS would also set a minimum number of phone minutes dedicated to personal use that would be untaxed.