Tax News

As soon as I saw the tornado warnings on TV, I had to leave the office right away.

The rate of credit card payments at least 90 days overdue fell to 0.69 percent in the first quarter from 0.85 percent a year earlier - drop of nearly 19 percent, credit reporting agency TransUnion said Tuesday.

Americans are divided over whether to believe the White House on controversies over the Libyan attack that killed a U.S. ambassador and the Internal Revenue Service targeting of Tea Party groups, but they overwhelmingly agree on this: The furors are going to make it harder for President Obama to get things done in his second term.

New details emerged Monday of what the White House knew about the Internal Revenue Service targeting of conservative groups, with spokesman Jay Carney disclosing Chief of Staff Denis McDonough was among the top officials made aware of the matter late last month.

ProPublica reported it had received nine still-pending applications as part of its request for information about 67 nonprofits last year The Internal Revenue Service claims the disclosure of conservative groups' confidential information to investigative journalism outfit ProPublica was "inadvertent and unintentional." After the IRS admitted to ... (more)

As second top Internal Revenue Service official has announced plans to leave the agency amid the controversy over the targeting of tea party groups.

The ousted head of the Internal Revenue Service apologized to Congress on Friday for his agency's tougher treatment of tea party and other conservative groups seeking tax-exempt status.

Democrats, who are famous for making a bunch of noise about Fairness, Equal Access, Voter Suppression, and Racial Discrimination a "REDLINED" all requests by tax-exempt organizations that appeared to be aligned against a progressive political agenda.

The Internal Revenue Service scandal may be the worst of all the current Obama administration fiascoes.

Syndicated columnist Charles Krauthammer on Friday said the Internal Revenue Service's targeting of conservative organizations could be 'fatal' for the Obama administration if it turns out that anyone in the White House was aware of it.

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A top White House adviser insisted Sunday that President Barack Obama learned the Internal Revenue Service had targeted tea party groups only "when it came out in the news" while Republicans continued to press the administration for more answers.

With the White House slashing its way through the recent brush of controversy, the president is putting out the message that he's focused on the economy as the administration enters another week of hearings on Capitol Hill.

A senior White House adviser insists President Barack Obama learned the Internal Revenue Service had been targeting tea party groups "when it came out in the news." A senior White House adviser insists President Barack Obama learned the Internal Revenue Service had been targeting tea party groups "when it came out in the news." The night of smoke, ... (more)

During hearings before the House Ways and Means Committee on Friday, Rep. Aaron Schock, R-Ill., asked outgoing IRS commissioner Steven Miller if it was appropriate for the IRS to demand the content of a pro-life group's prayers , the Washington Examiner reported.

Justin Binik-Thomas wanted to know why a question about him was among 35 the Liberty Township Tea Party was instructed by the Internal Revenue Service to answer as part of the organization's application for tax-exempt status last year.

Jay Devereaux hadn't paid much attention to the daily drumbeat of partisan politics in D.C. He wasn't a Washington nerd, and didn't know who said what during congressional hearings -- nor did he care.

A Colorado conservative group believed to be targeted by the Internal Revenue Service is operating without any tax-exempt status and spent more than $1 million last year against Democrats, public records show.

The nation's tax agency has admitted to inappropriately scrutinizing smaller tea party organizations that applied for tax-exempt status, and senior Treasury Department officials were notified in the midst of the 2012 presidential election season that an internal investigation was underway.

Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in Congress and lack of evidence to date of wrongdoing close to the Oval Office.