May 19, 2013
Heavy-handedness by the Internal Revenue Service is not confined to political groups seeking Section 501(c)(4) status [" Report details IRS scrutiny ," front page, May 13]. Many purely charitable groups experience exactly the same inordinate delays and demands for irrelevant information, particularly if they commit the sin of aspiring to provide relief in other countries. Such Section 501(c)(3) requests, of which I have handled a number in my practice as a tax attorney, are routinely selected for "development" and placed in a queue for...
May 17, 2013 |
WASHINGTON — Dozens of tea party groups and other conservative organizations of the kind subjected to improper scrutiny by the Internal Revenue Service operated with small budgets and rarely displayed overt partisan activities, according to an Associated Press review of public tax filings by 93 such activist groups. A few groups built million-dollar operations and political ties that could have been legitimate grounds for IRS investigation, tax law experts said. The AP reviewed 990 tax returns...
May 16, 2013 |
Folks, deep breath time. This is not the end of the Obama presidency. It's a bad stretch with an unfortunate confluence of unfortunate events. None of which will make the first paragraph — not even the first page — of the account of the Obama administration in the history books. Let's tick through the trifecta of scandals and what they tell us — about the foibles of this administration, about the hidden operations of bureaucracies, about the modern practice of politics. Benghazi.
March 19, 2013 |
D.C. Council candidate Matthew Frumin said Monday he will go back and examine whether he benefited from a resident-based tax break on his Northwest home in 2000, when records show he lived in Michigan most of the year. Frumin, an attorney seeking an at-large seat in the April 23 special election, purchased a house in American University Park in 1992. But in 2000, Frumin and his wife registered to vote and rented a house in Bloomfield, Mich., so he could run for Congress in his hometown.
February 1, 2013 |
It's tax season. If you'd hoped to file right away to get a quick refund, you may be out of luck if you are claiming such things as an energy-efficient-home credit, residential energy credits in general or a mortgage interest credit. That's because Congress's last-minute fiscal cliff agreement in early January forced the IRS to get a late start on modifying the forms associated with those programs to reflect the tax law changes. Those forms are not expected to be available until late February or early March.
January 13, 2013 |
After months of negotiations, Congress passed the American Taxpayer Relief Act of 2012 on Jan. 1, putting off for now worries about a "fiscal cliff. " The bill, which was signed by President Obama on Jan. 2, raised rates for capital gains and estate taxes, while extending a number of tax credits, including those for college tuition, renewable energy, and research and development. Here, a snapshot of local companies — ranging from venture capitalists to railroad operators — that stand to be...