UnitedHealth Group is contesting an Internal Revenue Service proposal to increase its taxable income over how it priced transactions with one of its foreign subsidiaries, a dispute the company disclosed in a quarterly filing in May and repeated in its August filing. The notices cover transactions between UnitedHealth and a foreign subsidiary from the 2017 through 2020 tax years,…
The Trump administration is weighing a proposal to require nonprofits to disclose in their annual tax filings whether their top officials have been convicted of certain financial or terrorism-related crimes, sources with direct knowledge of the matter told CBS News. The IRS disclosure requirement would be added to the Form 990, the annual return that…
The IRS didn’t conduct proper testing for employees suspected of drug use, though evidence of use existed, the agency watchdog said. Federal agencies, under the Drug-Free Workplace Act of 1988, are required to develop a plan to achieve a drug-free workforce. The Treasury Inspector General for Tax Administration found that the Drug-Free Workplace Plan lacked…
Jacksonville, Florida – A federal grand jury has returned an indictment charging Jon Christopher Williams with four counts of attempting to evade and defeat individual income taxes, eleven counts of failing to withhold and pay employment taxes, and one count of endeavoring to obstruct and impede the administration of the internal revenue laws. Each tax evasion…
Many crypto investors haven’t been paying their taxes correctly — and the Internal Revenue Service may soon know about it. Determining tax on transactions involving digital assets is a notoriously difficult exercise, often much more so than for traditional financial assets like stocks and bonds, according to accountants. By one estimate, just 32% to 56% of U.S….
An Internal Revenue Service official recently warned Millersville and East Cocalico police that 20 of its revenue agents are coming to the area and some may be making “unannounced contact” with people. The IRS says the July 21 letter, made public by the Millersville Borough police department, is legitimate but declined to explain the revenue officers’ visit on…
Nearly three decades ago, then–IRS Commissioner Charles Rossotti issued a statement addressing one of the agency’s most persistent problems: the accuracy of answers given by Internal Revenue Service telephone assisters. Not surprisingly, the agency came under criticism for the high error rates in the answers that telephone assisters gave to taxpayers. Rossotti did not blame the employees. He…
Mayor Terry Hoof has resigned, with his last day set for Friday, according to the Cullen mayor pro tem. The resignation comes as the town faces a severe financial crisis that has left police cars idle due to a lack of fuel and residents without water service. Alderwoman Bianchi Veal said the town owes the…
While the contract provision on telework and remote work sometimes allows the IRS to temporarily pause arrangements in limited cases, a neutral third-party arbitrator ruled that the agency violated NTEU’s contract by eliminating all telework and remote work agreements. Moreover, the arbitrator ruled that the agency failed to show that such agreements have impaired IRS operations. The arbitrator ordered the…
Spain’s victory over Argentina in the 2026 FIFA World Cup final not only secured the country’s first men’s World Cup title in more than a decade—it also came with a $50 million prize from FIFA. While the trophy now sits in Madrid, a portion of the prize money could ultimately find its way to Washington. That’s because…
