The Internal Revenue Service targets individual taxpayers and corporations for audits at higher rates when Democrats are in control of the White House, according to a study highlighted by Harvard University’s Shorenstein Center for Media, Politics and Public Policy.
Inflation-adjusted federal tax revenues hit a record $765 billion for the first quarter of fiscal year 2016, but the federal government still ran a $215 billion deficit during that time, according to the latest monthly Treasury Department statement.
The Internal Revenue Service issued more than $46 million in erroneous tax refunds due to a computer glitch and ineffective monitoring, issues that left uncorrected could cost taxpayers up to $230 million over the next five years.
First Amendment advocates are heaping praise on a tentative spending deal agreed to by congressional leaders this week, saying it heads off Obama administration attempts to restrict spending on political speech through administrative or executive action.
A tax company that spent millions on lobbyists to help shape Obamacare is set to “reap the benefits” of their efforts through Affordable Care Act taxes.
The Earned Income Tax Credit program, which provides a refundable tax credit for low-income households, penalizes marriage, according to a report from the American Enterprise Institute (AEI).
Lois Lerner will not face criminal charges for targeting conservative and Tea Party groups during her time at the Internal Revenue Service, the Department of Justice said Friday.
The Internal Revenue Service (IRS) did not stop felons from preparing tax returns, according to an audit by the Treasury Inspector General for Tax Administration (TIGTA).