FeedaMail: Taxes News Headlines - Yahoo! News

	Taxes News Headlines - Yahoo! News
	Tea Party group sues IRS over inappropriate targeting By Nate Raymond (Reuters) - A California-based Tea Party group sued the U.S. Internal Revenue Service on Monday in what marked the first lawsuit to stem from an investigation finding the agency singled-out conservative organizations. In a lawsuit filed in U.S. District Court in Cincinnati, the NorCal Tea Party Patriots accused the IRS of violating its constitutional rights due to the "intensive and intrusive scrutiny" it received while seeking tax-exempt status. ... Read More » White House counsel kept IRS probe results from Obama By Kim Dixon and Roberta Rampton WASHINGTON (Reuters) - Two senior White House aides knew weeks ago that a probe of the Internal Revenue Service had found that the U.S. tax agency had inappropriately targeted conservative groups, but did not tell President Barack Obama, a White House spokesman said on Monday. A Treasury Department official informed White House counsel Kathryn Ruemmler on April 24 about the preliminary findings of a report that would fuel the latest in a series of scandals to confront Obama at the start of his second term. ... Read More » IRS acted alone in planted question about targeting Tea Party: Lew WASHINGTON (Reuters) - Treasury Secretary Jack Lew said on Tuesday that Internal Revenue Service employees acted alone in making public the agency's handling of tax exemptions for Tea Party groups and that he would have advised against it. Details of the IRS targeting of conservative political groups seeking tax-exempt status came in response to a question at the American Bar Association conference in Washington earlier this month. ... Read More » Former IRS chief tells lawmakers "dismayed" by targeting WASHINGTON (Reuters) - The former head of the Internal Revenue Service told U.S. lawmakers on Tuesday he was "dismayed" to learn that the tax agency had subjected conservative groups to extra scrutiny under his watch. At a congressional hearing, former IRS Commissioner Douglas Shulman said he was unaware in June 2011 about the targeting, and only found out the full scope and severity of the activity when a Treasury Department watchdog published its report. "The full set of facts around these circumstances came out last week ... until that point I did not have a full set of facts," he said. ... Read More » NY art dealer tied to forgeries charged with tax fraud By Jonathan Stempel NEW YORK (Reuters) - Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes. Glafira Rosales, 56, faces three counts of filing false tax returns and five counts of concealing a Spanish bank account from the Internal Revenue Service. "Rosales gave new meaning to the phrase 'artful dodger' by avoiding taxes on millions of dollars in income from dealing in fake art works for fake clients," U.S. ... Read More »
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