Approximately 90% of people who employ housekeepers and babysitters cheat on their taxes.
Fun Fact of the Day
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Tag Archives: IRS
Fun Fact of the Day
Fun Fact of the Day
In FY2021, the IRS assessed more than $17 billion on individual and estate and trust income tax returns.
Fun Fact of the Day
Fun Fact of the Day
In April 2022, the US Government collected a record $868 billion dollars in taxes.
Source
Fun Fact of the Day
The 16th Amendment to the Constitution gave Congress the power to levy taxes on individual income. Wyoming was the last state to ratify the amendment as the threat of war loomed in 1913.
Fun Fact of the Day
The Revenue Act of 1862 created the agency that would later become the Internal Revenue Service.
Fun Fact of the Day
The IRS has tax rules about how to claim your child as a dependent if they have been kidnapped.
IRS to Expand Policing Political Non-Profits
You would think that problems Lois Lerner created would have made for smarter agency heads. You’d be wrong. From Politico:
IRS Commissioner John Koskinen said the agency may expand a yet-to-be-released rule governing 501(c)(4), “social welfare” groups, to include political groups known as 527s, which focus on elections. It could require them both — as well as other types of tax-exempt groups — to operate under the same definition of “political activity.”
“If it’s going to be a fair system, it needs to apply across the board,” Koskinen said when asked by POLITICO if such groups would be included in the new rule. “[I]f we have a set of definitions for 501(c)(4)s, what about everybody else? Can they do more or less [political activity]? And for us as (an) administration, for ease of administration, it makes sense to have this common definition.”
View from the Mountains – 21 Feb 2015
Some interesting stories I came across…
Sonoran Conservative 