Tag Archives: IRS

Tea party groups see win in end-of-year omnibus bill

Two-and-a-half years after the Internal Revenue Service apologized for using "inappropriate criteria" to scrutinize tea party-aligned nonprofits applying for tax-exempt status, President Barack Obama has signed into law a new…

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Yahoo shelves plan to spin off Alibaba stake

By Supantha Mukherjee & Anya George Tharakan (Reuters) – Yahoo Inc said on Wednesday it had shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding…

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What's Inside Congress's $305 Billion Transportation Bill

After weeks of negotiations, Congress has approved a five-year, $305 billion transportation bill, the first long-term measure funding highways & transit infrastructure programs in a decade. The House & Senate…

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Pfizer-Allergan deal refocuses market on U.S. tax-inversion rules

By Kevin Drawbaugh WASHINGTON (Reuters) – Pfizer Inc's <PFE.N> buyout bid for Allergan Plc <AGN.N> has financial markets on edge over a possible new move by the U.S. Treasury Department…

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Pfizer-Allergan deal refocuses market on U.S. tax-inversion rules

By Kevin Drawbaugh WASHINGTON (Reuters) – Pfizer Inc's <PFE.N> buyout bid for Allergan Plc <AGN.N> has financial markets on edge over a possible new move by the U.S. Treasury Department…

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Republicans ask IRS to audit Clinton charity's finances

By Jonathan Allen NEW YORK (Reuters) – The U.S. Republican Party filed a formal complaint against one of Hillary Clinton's family charities with the Internal Revenue Service on Tuesday &…

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IRS petitioned to punish politically active nonprofit

Political watchdog group Citizens for Responsbility & Ethics in Washington wants the Internal Revenue Service to punish a nonprofit group that spent millions of dollars on advertisements boosting Sen. Thom…

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Yahoo says IRS denies ruling on tax-free Alibaba spinoff

(Reuters) – Yahoo Inc said the U.S. Internal Revenue Service (IRS) had denied the company's request for a private letter ruling on whether the spinoff of its stake in Alibaba…

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IRS says cyberattacks more extensive than previously thought

WASHINGTON (Reuters) – The U.S. Internal Revenue Service (IRS) said Monday a hacking attack into one of its computer databases revealed in May was much more extensive than previously thought,…

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Corporate taxes to be major agenda item when Congress returns

By Alex Wilts WASHINGTON (Reuters) – Fixing the tax code for U.S. businesses will be at the forefront when Congress returns from vacation next month, with many lawmakers focusing on…

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