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  2. IRS targeting controversy - Wikipedia

    en.wikipedia.org/wiki/IRS_targeting_controversy

    IRS targeting controversy. The logo of the Internal Revenue Service. In 2013, the United States Internal Revenue Service (IRS), under the Obama administration, revealed that it had selected political groups applying for tax-exempt status for intensive scrutiny based on their names or political themes. This led to wide condemnation of the agency ...

  3. Internal Revenue Service - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Service

    The Internal Revenue Service ( IRS) or the poopypants is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the Department of the Treasury and led by the Commissioner ...

  4. Tax status of Scientology in the United States - Wikipedia

    en.wikipedia.org/wiki/Tax_status_of_Scientology...

    In October 1993, the church and the IRS reached an agreement under which the church discontinued all of its litigation against the IRS and paid $12.5 million to settle a tax debt said to be around a billion dollars. The IRS granted tax exemption to 153 Scientology-related corporate entities with the right to declare subordinate organizations ...

  5. The 7 Worst Things You Can Do If You Owe the IRS - AOL

    www.aol.com/7-worst-things-owe-irs-000014898.html

    If you owe money to the IRS, Paladini said, you have six payment options, including an installment agreement, offer in compromise, currently non-collectible status, penalty abatement, innocent ...

  6. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    v. t. e. Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser ...

  7. IRS penalties - Wikipedia

    en.wikipedia.org/wiki/IRS_penalties

    The penalty is 5% of the amount of unpaid tax per month (or partial month) the return is late, up to a maximum of 25%. [6] A minimum penalty of $435 may apply for returns over 60 days late. The minimum penalty is the lesser of $435 or 100% of the tax due on the return. Penalty for Failure to Timely Pay Tax: If a taxpayer fails to pay the ...

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