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Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
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Man Who Leaked Trump's Tax Returns Sentenced To 5 Years
A former Internal Revenue Service (IRS) contractor who leaked former US president Donald Trump's tax returns to the media was sentenced to five years in prison on Monday.
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New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
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Revenue Officer Charged For Demanding Rs 30 Lakh Bribe From Chinese Firm
The Central Bureau of Investigation (CBI) on Friday booked an Indian Revenue Service (IRS) officer for allegedly seeking a bribe of Rs 30 lakh from a China-based company in a case related to GST evasion.
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Accenture Secures $2.6 Billion Deal To Modernize Tax Agency IRS' Systems
An Accenture Plc unit said on Wednesday it had secured an up to $2.6 billion deal with the Internal Revenue Service (IRS) for modernizing the government tax agency's systems.
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Bitcoin Falls to Three-Week Low as IRS Seeks Approval for Reporting Rules on Cryptocurrency Transfers
Bitcoin fell to a three-week low amid signs of institutional investor caution, while the head of the US Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on cryptocurrency transfers.
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Facebook Faces US Tax Court Trial Over Ireland Offshore Deal
Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland.
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Amazon.com Wins $1.5 Billion Tax Dispute Over IRS
Amazon made just $2.37 billion of profit in 2016, four times what it made in the four prior years combined, on revenue of $136 billion.
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Callers For Dollars - Inside India's Scam Call Centres
In late September, a woman in National City, California, received a voice message on her phone saying she was in trouble with the Internal Revenue Service (IRS) over "tax evasion or tax fraud".
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Kingpin Of Mira Road Call Centre Scam Is An Indian-Origin American
1.2 million Americans called up, and 6,400 cheated, of a total of Rs 3.6 crore - the largest scam in the history of US' Internal Revenue Services (IRS), as disclosed by Thane Crime Branch. The racket was being run from a call centre in Mira Road, and the mastermind is an Indian-American, pulling the strings from the US. A manhunt has been launched ...
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US Tax Agency Investigates Facebook Over Ireland Asset Transfer
The US Internal Revenue Service is examining Facebook Inc over its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers.
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Microsoft Sues IRS for Details of Probe on Internal Transactions
The lawsuit, filed in a District of Columbia federal court, says the IRS entered into a contract this year with Quinn Emanuel Urquhart & Sullivan, which specializes in litigation. The agency is paying Quinn Emanuel more than $2 million in connection with its examination of Microsoft Corp's tax returns between 2004 and 2009, the court filing said.
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American IRS to pay millions for continued Windows XP support
The tax agency missed the deadline to upgrade from Windows XP, and will pay Microsoft for one more year's support.
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Bitcoins are property not currency, says US Internal Revenue Service
The US Internal Revenue Service (IRS) said Bitcoins will be treated as property for tax purposes.
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Bitcoins are property, not currency, IRS says regarding taxes
Bitcoin, the best-known virtual currency, started circulating in 2009. Its present market value is around $8 billion, with up to 80,000 transactions occurring daily, according to accounting firm PricewaterhouseCoopers LLP.
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Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
-
Man Who Leaked Trump's Tax Returns Sentenced To 5 Years
A former Internal Revenue Service (IRS) contractor who leaked former US president Donald Trump's tax returns to the media was sentenced to five years in prison on Monday.
-
New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
-
Revenue Officer Charged For Demanding Rs 30 Lakh Bribe From Chinese Firm
The Central Bureau of Investigation (CBI) on Friday booked an Indian Revenue Service (IRS) officer for allegedly seeking a bribe of Rs 30 lakh from a China-based company in a case related to GST evasion.
-
Accenture Secures $2.6 Billion Deal To Modernize Tax Agency IRS' Systems
An Accenture Plc unit said on Wednesday it had secured an up to $2.6 billion deal with the Internal Revenue Service (IRS) for modernizing the government tax agency's systems.
-
Bitcoin Falls to Three-Week Low as IRS Seeks Approval for Reporting Rules on Cryptocurrency Transfers
Bitcoin fell to a three-week low amid signs of institutional investor caution, while the head of the US Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on cryptocurrency transfers.
-
Facebook Faces US Tax Court Trial Over Ireland Offshore Deal
Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland.
-
Amazon.com Wins $1.5 Billion Tax Dispute Over IRS
Amazon made just $2.37 billion of profit in 2016, four times what it made in the four prior years combined, on revenue of $136 billion.
-
Callers For Dollars - Inside India's Scam Call Centres
In late September, a woman in National City, California, received a voice message on her phone saying she was in trouble with the Internal Revenue Service (IRS) over "tax evasion or tax fraud".
-
Kingpin Of Mira Road Call Centre Scam Is An Indian-Origin American
1.2 million Americans called up, and 6,400 cheated, of a total of Rs 3.6 crore - the largest scam in the history of US' Internal Revenue Services (IRS), as disclosed by Thane Crime Branch. The racket was being run from a call centre in Mira Road, and the mastermind is an Indian-American, pulling the strings from the US. A manhunt has been launched ...
-
US Tax Agency Investigates Facebook Over Ireland Asset Transfer
The US Internal Revenue Service is examining Facebook Inc over its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers.
-
Microsoft Sues IRS for Details of Probe on Internal Transactions
The lawsuit, filed in a District of Columbia federal court, says the IRS entered into a contract this year with Quinn Emanuel Urquhart & Sullivan, which specializes in litigation. The agency is paying Quinn Emanuel more than $2 million in connection with its examination of Microsoft Corp's tax returns between 2004 and 2009, the court filing said.
-
American IRS to pay millions for continued Windows XP support
The tax agency missed the deadline to upgrade from Windows XP, and will pay Microsoft for one more year's support.
-
Bitcoins are property not currency, says US Internal Revenue Service
The US Internal Revenue Service (IRS) said Bitcoins will be treated as property for tax purposes.
-
Bitcoins are property, not currency, IRS says regarding taxes
Bitcoin, the best-known virtual currency, started circulating in 2009. Its present market value is around $8 billion, with up to 80,000 transactions occurring daily, according to accounting firm PricewaterhouseCoopers LLP.
