IRS cracks down on offshore tax shelters schemes
The IRS reports 170 million dollars in taxes and penalties collected on offshore money and has shared data on about 20 000 taxpayers using shelters with state tax agencies. More than 1 300 taxpayers took amnesty to reveal sponsors, with 479 promoters identified. The agency will pursue noncompliant taxpayers and train state officials to reuse enforcement lessons. The cooperation includes offshore trusts employment tax evasion and employee leasing schemes.
MENTIONED IN THIS ARTICLE
Mary Dalrymple
Tax Witter
Washington
Revenuue Service
IRS
Mark Everson
Ers
USS
Dale Hart
Hart
Tax Breaks For Public Works Through Leases Scrutinized
Treasury says U S and international bridges subways and public works priced at up to 750 billion have been leased to private firms to claim depreciation tax breaks. Olson warns Congress action needed to separate legitimate leases from abusive schemes while cities push to keep programs.
MENTIONED IN THIS ARTICLE
Washington
Uss
United States
Treasury Department
House
Treasury
Pamela Olson
Congress
Bill Thomas
R-Calif
Olson
Thomas
Greenspan urges permanent tax cuts tied to Social Security trims
Fed Chairman Alan Greenspan told the Senate Budget Committee that Congress should make Bush's tax cuts permanent and offset a $1 trillion price by trimming Social Security and other entitlements. He proposed linking retirement age to longer life spans and using a stricter inflation measure, warning of looming fiscal strain for baby boomers. He urged reinstating budget rules to cap discretionary spending and require offsets for entitlement or tax changes.
MENTIONED IN THIS ARTICLE
Y Martin Crutsinger
Washington
Federal Reserve
Alan Greenspan
Congress
Bush
Greenspan
Senate Budget Committee
Greenspon
Also Mentioned on This Page
Michael Fleming
The
Equipment Leasing Association
Accountant On Duty, LLC
ECEAN
S. Main
Ottawa
Rhonda Thor
Fed
Lucy Cece
N. Maple
Garnett
Wackson Hewitt
Davidson
Robert W. Greenfield
Liz Reusch
Jay E. Davidson
Olathe
N. Mur-Len Rd
Gdrepa.com
Professional Tax Service
R& J
H&r
Princeton Road
Kansas
Princeton
JO Wolken
A.T.A
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!