Tags » Department Of The Treasury

IRS Issues Bonuses and Paid Time Off to Employees Who Committed Fraud

Almost $3 million dollars and thousand of hours of paid time off were given to employees who were in trouble over tax related issues. These issues included willful understatement of tax liabilities, late payments and under-reporting of income. 90 more words

Tax Preparation

Treasury Secretary Jack Lew Remains Hospitalized with Fever Following Prostate Procedure

Treasury Secretary Jack Lew remained in the hospital overnight because of a low fever following a prostate procedure, the department said Wednesday morning.

National

MyRA—New and Improved Retirement Plan, or Not?

In his State of the Union address earlier this year, President Obama announced that he would direct the Department of the Treasury to create “myRA” — a “starter” retirement savings account for low- to middle-income Americans. 341 more words

Employee Benefits

FATCA Update: Latest Intergovernmental Agreements: Finland, Chile, and (Coming Soon) Luxembourg

Finland and Chile became the latest nations to sign agreements pledging tax transparency sought by the Foreign Account Tax Compliance Act (FATCA), bringing the total of such intergovernmental agreements to 24.    182 more words

FATCA

Owning the Lawman

Proverbs 22:7: The rich rule over the poor, and the borrower is slave to the lender.

American Commentary