Facebook could be in trouble with the US Internal Revenue Service. The Justice Department filed a lawsuit on Wednesday, hoping compel Facebook to turn over information regarding any transfer of global assets to an Irish-based holding company on its 2010 tax return. The IRS is investigating whether Facebook undervalued…
Cupertino mayor Barry Chang is apparently not an Apple fanboy. In a fiery interview with The Guardian, Chang says he was kicked out of Apple HQ when he was a city councilman. He was hoping to have a meeting about the city’s growing traffic congestion to which Apple contributes considerably. He didn’t get one.
Apple, like many other companies, is infamous for funneling money through its European headquarters in Ireland and benefitting from a lower tax rate. Well, Italy’s had enough of it, and Apple just agreed to pay the boot-shaped country $348 million in back taxes. Tim Cook must be pissed.
The Internal Revenue Service suspect that Russian hackers are the culprits who stole the tax records of at least 100,000 people this year, and—yep, you read that right. Russian hackers! If you’re getting déjà vu, that’s because this marks the third time in very recent history that US government websites have been…
Paying taxes is generally an unpleasant time. But the baseline misery of siphoning cash back to bureaucrats sounds downright delightful compared to getting straight up robbed, which is what happened to a lot of people this year. The Internal Revenue Service shut down an online tax filing program today after announcing…
Thanks, Obama! Wait, no, seriously—that’s who Republicans really are blaming for the massive shortage in customer service help from the IRS this season, during which hang-ups on the IRS’s tax helpline rose from 360,000 last year to 8 million in 2015.
Tax Day is HERE, and whether you’re eagerly anticipating a sizable refund or are dreading a hefty bill, there’s nothing to gain by putting off your tax filing any longer. Here’s a guide to filing your taxes online—including the best services for your buck.
Everybody hates the IRS. As John Oliver put it in his latest rant, “Dealing with them is obligatory. It often functions badly. And it combines two of the things we hate most in life: someone taking our money and math.” Good point.
Tax day is upon us. For some that means a refund check, and for others, that means saying goodbye to your cold hard cash. So for this week’s Shooting Challenge, we’re photographing money. But be sure to read how to do it legally:
The only thing that sucks worse than doing taxes is a hacker stealing your identity, doing your taxes for you, and then depositing your return in a random bank account, where it can later be transferred to Nigeria. Sound impossible? It's not, according to the story of an unlucky man named Michael Kasper.
Did you know a feminist named Lizzie Magie created Monopoly in 1904 to "to teach the world about single tax theory and the idea that land — and only land — should be taxed"? Read more about the history and evolution of the 100-year-old board game in this profile.
The Spanish government has just approved a horrible law that will force news aggregation services, such as Google News, to pay news sites for each link they include with their content. You read that right: On top of sending sites a ton of traffic, Google (other aggregators like Yahoo News, and maybe even Facebook or…
Officials in Argentina had a sneaking suspicion about property tax evasion, so they sent sent out some camera-equipped drones to look at a mostly-vacant part of town. What'd they find? Oh, just 200 luxury houses that hadn't been registered, according to the Telegraph. That's pretty flagrant.
Happy Tax Day! Do you know where your tax dollars are going? No? Doesn't that seem a little ridiculous? What if you could tell the government exactly how to spend your hard-earned money? Now you can—even if it is hypothetically.
The IRS isn't exactly known for playing fast and loose with deadlines—your deadlines, that is. But when it comes to its own, its apparently a lot more willing to take their chances. In this case, that means paying millions of dollars to keep running Windows XP long after the deadline has come and gone.
With April 15 looming, plenty of bitcoin barons have been wondering how to treat their newfound crypto-fortunes. Does it count as capital gains? Is it taxed like a currency? Is it taxed at all? Well, on Tuesday, the Internal Revenue Service announced definitively that Bitcoin is property, and will be taxed as such.
Taxpayers, the federal government just announced a new online tool that makes filing a wee bit easier: now you can download your past tax return documents directly from the IRS website. One small step. [WhiteHouse.gov via TheVerge]
A new year, and new sales taxes on Amazon purchases made in Indiana, Nevada and Tennessee. Sorry, folks!
While the IRS continues to come off as a bunch of jerks basically making it up as they go along, yet another report has emerged showing that all kinds of groups were scrutinized. But out of 73,319 applications reviewed for tax-deductible status in 2012, only 296 were potentially political.