Articles about irs

Yahoo's! tax-free! Alibaba! switcheroo! gets! a! rough! ride! from! US! taxmen!

The amazing Yahoo! / Alibaba / SpinCo tax structure has suffered a blow: America's Internal Revenue Service has refused to say whether or not it approves or disapproves of Yahoo!'s tax-avoidance chicanery. And that usually spells trouble. Back at the start of the year, the Purple Palace announced it would shuffle its roughly …
Cash in brown paper envelope CC 2.0 attribution StockMonkeys.com

IRS: Tax-record snaffle scam actually 200% worse than first feared

The US Internal Revenue Service (IRS) admitted Monday that the May scam in which criminals tried to use stolen data on more than 114,000 people to collect tax information was far larger than it originally thought. Uncle Sam's taxman now claims that on top of the 100,000 or so people whose data had been used to collect tax …
Shaun Nichols, 17 Aug 2015
Cash in brown paper envelope CC 2.0 attribution StockMonkeys.com

The US taxman thinks Microsoft owes billions. Prove it, says Microsoft

The ongoing squabble between Microsoft and the US Internal Revenue Service is heading to court, beginning with a hearing to take place in a Seattle federal court on Tuesday. The case is gearing up to become one of the largest-ever legal battles between tax authorities and a US corporation over the practice of shifting assets …
Neil McAllister, 20 Jul 2015
hacker

Bloke thrown in the clink for hacking SIXTY PER CENT of Americans

A Vietnamese crook has started a 13-year stretch behind bars for hacking into corporate America, and offering to sell personal information on 200 million US citizens. Hieu Minh Ngo, 25, pleaded guilty to wire fraud, identity fraud, and access device fraud charges, and four counts of computer fraud and abuse. Judge Paul J. …
Shaun Nichols, 16 Jul 2015
hacker

THE TRUTH: IRS 'cyber-hack' exposes 100,000 people whose identities were already stolen

The US Internal Revenue Service said on Tuesday that info including tax returns and income forms for some 100,000 people were illegally accessed this year. The US tax agency believes a group collected a trove of information on the victims and then used that data to fill out the authentication forms for the IRS's online "Get …
Shaun Nichols, 26 May 2015

America was founded on a dislike of taxes, so how did it get the IRS?

The eXpat files Welcome again to the eXpat files, our now-occasional visit with readers who've moved to a new land in search of adventure, sunshine and, in the case of this week's chap, bewildering and labyrinthine tax and credit regulations. The chap in question is David Hough, currently resident in Newark, California (not New Jersey). David …
Simon Sharwood, 19 Apr 2015
Crop of doctor with pen and clipboard

Ready to fill out your US taxes? Cool. Got ObamaCare? Not so fast

Staff behind the US government's HealthCare.gov say Americans may have received bungled tax forms from the portal – and should hold off filing them. The health insurance broker on Friday confirmed that it would have to send out new 1095-A claim forms after approximately 800,000 people received incorrectly calculated forms …
Shaun Nichols, 20 Feb 2015
Satya Nadella speaking at a Microsoft cloud event

US taxmen won't say WHY they're probing Microsoft. So Redmond is suing the IRS

The US Internal Revenue Service has been digging into Microsoft's tax records from 2004 through 2009, and Redmond has filed a lawsuit against the government to find out why. In documents [PDF] filed with the US District Court of the District of Columbia on Monday, Microsoft alleges that the IRS has failed to respond to a …
Neil McAllister, 24 Nov 2014

Revealed: What the US taxman really thinks of crypto-cash Bitcoin

The US Internal Revenue Service (IRS) has laid out a formal set of policies for how it will handle Bitcoin and other virtual currencies for tax purposes. In a guide (PDF) released Tuesday, the IRS said that it would be considering cryptocurrencies to be property, and as such would be subject to US laws regarding the transfer …
Shaun Nichols, 26 Mar 2014
The Register breaking news

HP's Ray Lane faces $100m tax bill over 'sham' tax shelter

It seems ex-HP chairman Ray Lane is as good at picking tax shelters as software companies, since the IRS now says he owes them $100m in unpaid taxes from an investment scheme that has been ruled illegal. Papers filed in the Washington tax court show claim Lane, who stepped down from HP in April in the wake of the botched …
Iain Thomson, 7 Jun 2013
The Register breaking news

ACLU documents shows free access to emails for IRS tax police

With the US Tax Day less than a week away, the ACLU has released a not-very-comforting Freedom of Information Act request return from the Internal Revenue Service (IRS) showing just how easy it is for the tax agency to read people's online communications without a court-issued warrant. Last year, the ACLU asked the IRS for …
Iain Thomson, 10 Apr 2013
Amdahl 470V/6 mainframe computer on the 3rd floor of the Computing Center Building on the University of Michigan, credit Jeff Ogden, original photographer unknown

Unisys re-ups $650m deal to look after US taxman's big iron

National tax collection agencies were among the first organizations in the world to use IBM, Sperry, Burroughs, and other mainframes, and despite all the grumbling and grousing over the high costs of these venerable box, they have invested a fortune in COBOL applications and it is not so easy to ditch the mainframe as it might …
The Register breaking news

US taxman joins UK politicoes on hunt for Amazon cash

Amazon is fighting the US taxmen over a $234m unpaid bill. The Internal Revenue Service (IRS) told the online superstore in November that it owed taxes in 2005 and 2006, and also challenging its tax deductions, according to a court filing seen by Reuters. But Amazon has countered that the IRS is overestimating how much its " …
The Register breaking news

IRS may be able to count beans, but it can't count its own PCs

Auditors have criticised US taxmen for failing to keep on top of its IT and the installation of software security patches. A report [PDF] by the US Treasury credits the IRS with upping its game in patching insecure products faster than it has done previously - but faults the agency for failing to apply a more coherent approach …
John Leyden, 13 Nov 2012
The Register breaking news

IRS audits Google for funneling profits to Ireland

The US Internal Revenue Service is auditing strategies that Google uses to cut its tax bill by about $1 billion a year by funneling profit into subsidiaries located in territories with low or non-existent rates, according to a published report citing unnamed officials. The agency is “bringing more than typical scrutiny” to …
Dan Goodin, 13 Oct 2011
The Register breaking news

Obama disconnects 'obsolete' cell phone tax

The US revenue service has made clear it is binning a controversial tax on personal use of employer supplied devices such as cell phones and BlackBerries. The law was introduced in 1989 and meant that personal use of mobiles provided by employers would be taxed as a benefit. Last week, the Internal Revenue Service asked for …
John Oates, 17 Jun 2009
The Register breaking news

After mass security lapse, RBS Worldpay gets IRS contract

RBS Worldpay - the electronic payment processor that admitted it exposed sensitive financial records for millions of customers - has been awarded a contract by the Internal Revenue Service to process tax return payments next year. The company, which is a division of the Royal Bank of Scotland, will begin processing taxpayers' …
Dan Goodin, 24 Apr 2009
The Register breaking news

Firefox millions - only 12 per cent Google free

In 2007, the Mozilla Foundation received 88 per cent of its revenue from a certain Mountain View sugar daddy. And thanks to its longstanding Google dependence, the organization is facing an IRS audit and questions over its tax exempt status. Today, the non-profit behind the open-source Firefox browser released its long-delayed …
Cade Metz, 20 Nov 2008

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