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Just One Hedge Fund Dodged $6 Billion in Taxes, Senate Committee Finds

Sen. Carl Levin’s Subcommittee on Investigations looked into some shady banking practices and reported that a hedge fund of Renaissance Technologies LLC found a clever way of cheating the IRS.

Posted on Jul 21, 2014 READ MORE


IRS

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Posted on Jun 22, 2014 READ MORE



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IRS Delays New Rules for Dark Money Groups

The agency has pushed back indefinitely a hearing on new regulations for social welfare nonprofits that spend money on politics.

Posted on May 24, 2014 READ MORE


‘Left, Right & Center’: D.C. Drama, Nigeria, the Return of Monica Lewinsky

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists discuss House Republicans’ preference for bunk scandals, the congressional vote to hold former IRS commissioner Lois Lerner in contempt, Boko Haram’s holding of more than 200 kidnapped girls, and Monica Lewinsky in Vanity Fair.

Posted on May 9, 2014 READ MORE



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Dark Money Group Sues IRS Over Targeting, Disclosure

A conservative nonprofit sued the Internal Revenue Service on Monday because the agency targeted it for extra scrutiny and disclosed the group’s application for tax-exempt status to ProPublica.

Posted on Apr 30, 2014 READ MORE



Bastian (CC BY-NC-ND 2.0)

Raising Taxes on Corporations That Pay Their CEOs Royally and Treat Their Workers Like Serfs

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed.

Posted on Apr 22, 2014 READ MORE



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Happy Tax Day, and Why the 1 Percent Pay a Much Lower Rate Than You

It’s tax time again, April 15, when our minds turn toward paying the taxes we owe or possibly getting a tax refund.

Posted on Apr 15, 2014 READ MORE


Divided Government

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Posted on Apr 15, 2014 READ MORE



TurboTax Maker Linked to ‘Grass-Roots’ Campaign Against Free, Simple Tax Filing

Intuit and its allies are continuing to work against proposals for what’s known as return-free filing.

Posted on Apr 14, 2014 READ MORE



What Newly Released Docs Tell Us About the IRS and How It Handles Dark Money Groups

Here are five takeaways ProPublica found from the documents released Wednesday by a House committee.

Posted on Apr 10, 2014 READ MORE


Issa and the IRS

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Posted on Mar 3, 2014 READ MORE



Bill O’Reilly Faces Off With President Obama in Super Bowl Sideshow, Pundits Pile On

Sunday’s pregame face-off between Bill O’Reilly and President Obama sparked some different takes on the same interview in recaps by Fox News, The New York Times and other outlets, but overall O’Reilly was declared the winner.

Posted on Feb 2, 2014 READ MORE



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What an Underfunded IRS Means for Fraudsters

A $100 million charity fraud that a former Army intelligence officer almost pulled off underscores the criminal enrichment opportunities that weakened oversight bureaus offer clever thieves.

Posted on Dec 1, 2013 READ MORE



dutchlad (CC BY 2.0)

Karl Rove’s Crossroads Group May Have Lied on Tax Filing Documents

ProPublica, which has been tracking Rove’s politician financing group, reports Monday that the organization apparently misstated what its beneficiary groups used the money for. And it wasn’t social welfare, as claimed.

Posted on Nov 25, 2013 READ MORE



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Dirty Secret of Some Pro Sports Leagues: They’re Nonprofits

There’s a ripple of movement in Congress to strip nonprofit status from pro sports businesses such as the NFL and PGA, raising fresh questions about why taxpayers should support billion-dollar entertainment industries.

Posted on Sep 12, 2013 READ MORE



Politicized Nonprofits and the Real IRS Scandal

The mainstream media have decided that the IRS scandal wasn’t a scandal after all. News outlets are calling the dwindling accusations of tea party Republicans empty, and saying that the only disaster is that the IRS is disorganized. But underneath all the drama lies a real scandal.

Posted on Jul 29, 2013 READ MORE



Perry Makes Major Announcement, Koch Brothers Try to Kill Obamacare, and More

A look at the day’s political happenings, including an IRS mistake leaves tens of thousands of Social Security numbers exposed and Fox News rules (at least according to a depressing new Gallup poll).

Posted on Jul 8, 2013 READ MORE



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Investigate Darrell Issa!

It is now obvious that the behavior of the House Government Oversight Committee chairman represents the most serious wrongdoing in the supposed “IRS scandal.” But this isn’t the first time that Issa, who happens to be the wealthiest man in Congress, has misused the broad powers of his chairmanship.

Posted on Jul 2, 2013 READ MORE


No Joke

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Posted on Jun 28, 2013 READ MORE



IRS Conspiracy Theory Debunked, Rand Paul Answers Cheney Criticism, and More

A look at the day’s political happenings, including Sen. John McCain’s hypocrisy on “secret emails” and Senate Minority Leader Mitch McConnell’s revelation about the scary way a GOP-controlled Senate would act.

Posted on Jun 18, 2013 READ MORE


Monster Under the Bed

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Posted on Jun 14, 2013 READ MORE



Flickr/Gage Skidmore

Huckabee: ‘Time for Churches to Reject Tax-Exempt Status’

The socially conservative former governor of Arkansas explained to a group of Southern Baptist pastors at a conference this week why churches should no longer accept government tax breaks.

Posted on Jun 13, 2013 READ MORE


Tax Reform

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Posted on Jun 8, 2013 READ MORE


Apple and Taxes

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Posted on Jun 7, 2013 READ MORE


IRS Hearings

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Posted on Jun 6, 2013 READ MORE


Rep. Issa Accuses White House of Lying Over IRS Scandal

Congressman Darrell Issa, chairman of the House Oversight Committee, told Candy Crowley on CNN’s “State of the Union” on Sunday morning that interviews with workers from the IRS’ Cincinnati office revealed that the order to target conservative groups seeking tax-exempt status likely came from Washington.

Posted on Jun 2, 2013 READ MORE


Apple iTax Wows Congress

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Posted on Jun 2, 2013 READ MORE


‘Left, Right & Center’: Eric Holder Meets the Press

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists eye Attorney General Eric Holder’s off-the-record meeting regarding possible changes at the DOJ, a Pew study showing 40 percent of households have mothers as breadwinners, the state of Medicare and more.

Posted on May 31, 2013 READ MORE


Taxes and Gravity

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Posted on May 30, 2013 READ MORE


IRS Pleads the Fifth

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Posted on May 28, 2013 READ MORE



Flickr/Adam Fagen

Six Facts Lost in the IRS Scandal

In the furious fallout from the revelation that the IRS flagged applications from conservative nonprofits for extra review because of their political activity, some points about the big picture—and big donors—have fallen through the cracks. Consider this our Top 6 list of need-to-know facts on “dark money” groups.

Posted on May 26, 2013 READ MORE


Apple Tax Dodge

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Posted on May 26, 2013 READ MORE


Apple Avoids Corporate Taxes

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Posted on May 26, 2013 READ MORE


Why Is the IRS Involved in Politics in the First Place?

Last week on Truthdig Radio in association with KPFK: Why the IRS scandal misses the point, drones threaten privacy, and the other people in sports still trapped in the closet.

Posted on May 24, 2013 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

Why Is the IRS Involved in Politics in the First Place?

Last week on Truthdig Radio in association with KPFK: Why the IRS scandal misses the point, drones threaten privacy, and the other people in sports still trapped in the closet.

Posted on May 24, 2013 READ MORE


IRS Tea Party

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Posted on May 23, 2013 READ MORE


IRS Tea Squash

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Posted on May 23, 2013 READ MORE



Lawmaker Gives Atheist ‘Prayer,’ Glenn Beck’s Latest Controversial Comment, and More

A look at the day’s political happenings, including Rep. Darrell Issa decides to withdraw a subpoena related to the Benghazi hearings and a top IRS official pleads the Fifth.

Posted on May 22, 2013 READ MORE


Apple

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Posted on May 22, 2013 READ MORE


IRS Audit

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Posted on May 22, 2013 READ MORE


Tax Exempt

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Posted on May 22, 2013 READ MORE


IRS Politics

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Posted on May 21, 2013 READ MORE


Tax Probe

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Posted on May 21, 2013 READ MORE


IRS Targets Conservatives

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Posted on May 20, 2013 READ MORE



Obama Unscathed by Scandals, Mayor Denies Smoking Crack, and More

A look at the day’s political happenings, including a radio host makes shocking and incendiary remarks about Hillary Clinton and Bill Maher criticizes Republicans over the issue that he says should really be causing outrage.

Posted on May 19, 2013 READ MORE



Flickr/functoruser

The IRS and the Real Scandal

The Internal Revenue Service has interpreted our tax laws to allow big corporations and wealthy individuals to make unlimited secret campaign donations through sham political fronts called “social welfare organizations,” like Karl Rove’s Crossroads, the U.S. Chamber of Commerce and Priorities USA.

Posted on May 19, 2013 READ MORE


‘Left, Right & Center’: The White House Scandal Trifecta

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists ask whether the Obama administration will be distracted and ineffective from here on out. The head of the IRS apologizes and claims there was no political motivation behind its treatment of conservative groups. Is it a benign symbol of an unwieldy, too-big government, or a terrifying reminder of the Nixon years?

Posted on May 18, 2013 READ MORE


Tea Paranoid

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Posted on May 18, 2013 READ MORE



Shutterstock photo of tax forms.

How the IRS’ Nonprofit Division Got So Dysfunctional

The IRS division responsible for flagging tea party groups has long been an agency afterthought, beset by mismanagement, financial constraints and an unwillingness to spell out just what it expects from social welfare nonprofits, former officials and experts say.

Posted on May 17, 2013 READ MORE



What the Benghazi Emails Reveal, Rove Blames Obama for Scandals, and More

A look at the day’s political happenings, including the latest sign that Anthony Weiner will enter the New York City mayoral race and televangelist Pat Robertson’s dubious marital advice for women.

Posted on May 16, 2013 READ MORE


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