Search Results for: Internal Revenue Service
New rules for providing written tax advice are finalized
June 11th, 2014
The IRS issued final regulations under Circular 230, Regulations Governing Practice Before the Internal Revenue Service (31 C.F.R. Part 10), on the rules for practitioners to provide written tax advice and certain other related provisions (T.D. 9668), adopting the ...
Credit Suisse Offers Guidance to 13 Swiss Banks in U.S. Tax Probes
May 26th, 2014
Thirteen Swiss banks face rising stakes in criminal tax-evasion probes after Credit Suisse Group AG (CSGN) set a new standard for punishment in the U.S. crackdown on offshore tax evasion. Julius Baer Group Ltd., Zuercher Kantonalbank and the Swiss ...
Credit Suisse Said Close to Guilty Plea, $2.5 Billion Accord With U.S.
May 16th, 2014
Credit Suisse Group AG (CSGN) is close to reaching an agreement to plead guilty and pay about $2.5 billion to the U.S. Justice Department and regulators to resolve investigations into whether it helped Americans evade taxes, three people familiar ...
Bitcoin consumer platform debuts at Circle
May 16th, 2014
Starting Friday at 5:30 a.m. ET, Bitcoin start-up Circle is launching a Web platform that will allow consumers to purchase Bitcoin in any amount they choose and then use that Bitcoin to spend on online shopping, at restaurants and ...
When Education Doesn’t Pay
May 14th, 2014
When I was in business school, back at the turn of the millennium, a team from my New Venture Strategy class proposed an innovative way to pay for school: sell shares of your future income to investors. I was ...
IRS said to make $13B in improper refunds
May 14th, 2014
The U.S. government doled out more than $13 billion last year in improper payments of a tax credit meant to help the working poor, according to a government watchdog. One of the country’s largest cash assistance programs, the so-called ...
London’s Latest Boom Is in Billionaires
May 13th, 2014
Tucked into the U.K, the world’s seventh-richest country with an annual GDP of about $2.5 trillion, is an island of rich people with its own subculture, customs, habits and proclivities. London now has more billionaires than any other city ...
Hong Kong, US Wrapping Up FATCA Agreement
May 13th, 2014
Hong Kong and the United States have substantially concluded discussions on an inter-governmental agreement (IGA) to simplify Hong Kong financial institutions’ compliance with the Foreign Account Tax Compliance Act. The Financial Services and the Treasury Bureau (FSTB) said that ...
Old, Fired at IBM: Trendsetter Offers Workers Arbitration
May 12th, 2014
For at least a decade, International Business Machines Corp. gave fired employees information detailing a severance package that asked them to waive age-discrimination claims and also included a page listing the job titles and ages of workers being let ...
IRS Expects Millions of Amended Tax Returns
April 28th, 2014
The Internal Revenue Service anticipates that nearly 5 million taxpayers will amend their returns by filing Form 1040X this year. Nearly 46 million returns were electronically filed from home computers as of April 18, more than the total from ...
