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Excessive Review Of IRS Laws Delays Needed Government Revenue - Latest News

Excessive review of IRS regulation delays needed government revenue

OIRA review is not the solution to operational misconduct by government officials. A recent WSJ op-ed by Susan Dudley and Sally Katzen, two former highly respected heads of OIRA, cites the anti-invers... read more

How Many Nonprofits Are There?: What the IRS’s Nonprofit Automatic Revocation and 1023-EZ Processes Left Behind

The timeline set in place by the 2006 law provided that automatic ... amplifying the new requirement. The IRS’s implementation delay gave many organizations the opportunity to bring their filings up t... read more

Financial reporting, conflict of interest rules for federal employees apply to virtual money, ethics office says

The Office of Government Ethics said guidance was needed because “virtual ... While virtual currency does not have the status of legal tender, the Internal Revenue Service considers it “property” for ... read more

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Following tea party complaints, IRS admits 'mistakes'

(CNN) - Responding to a flurry of complaints from conservative groups seeking tax-exempt status, the Internal Revenue Service admitted Friday ... the White House to conduct "a transparent, government- ... read more

Ghana’s IMF program – The risk of fiscal consolidation to uncertain petroleum revenue and weak fiscal rules

The climax of government’s expansionary fiscal policy was in 2012 during the general elections, which saw large twin deficits, arising from excessive ... revenue and expenditure measures taken by gove... read more

Can a New Kind of Payday Lender Help the Poor?

In the nearly nine years of operation since, there’s only been enough revenue to pay his salary—$60,000 a year, no benefits—less than half the time. Nor has CCC’s charitable tax status allowed ... “We ... read more

FG, other countries share data on Nigerians’ overseas properties

The minister advised users of offshore structures to take advantage of the VAIDS to regularise their tax status before the end ... that the proposed changes to the tax laws would increase and diversif... read more

Media Matters tax-exempt status may face new scrutiny from Congress

Doing so would cause the GOP to wade into the complex world of tax laws ... by the government as well.” To lose its 501(c)(3) status, Owens said, Media Matters would likely have to have broken the rel... read more

IRS scandals threaten funding for President Obama's health care law

Mounting scandals at the Internal Revenue ... saying we need to give the IRS more money. I'm not sure I'm willing to do that." Democrats in Congress say they are growing tired of Republican attempts t... read more

Who benefits from tax breaks in Kansas? You’re not allowed to know

Kansas gives up hundreds of millions of dollars in revenue to a ... they will let lawmakers review what ordinary Kansans can’t see. But with tax credits, even lawmakers are left in the dark. “Because ... read more

County assessor cries foul over location of tax hearing

Snyder, through attorney John Bushemi, filed a motion seeking to move the Jan. 18 hearing from the Indiana Government Center ... Misty Lane was granted tax exempt status in 2009 by the Indiana Board o... read more

IRS officials knew of agents’ tea party targeting in 2011

Darrell Issa, chairman of the House Committee on Oversight and Government ... status. "... The revenue agent uses sound reasoning based on tax law training and his or her experience to review the appl... read more

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