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internal revenue service

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    Report: Ford loses $445M judgment against IRS
    1276087260

    Toward the end of the last millennium, Ford thought it might owe the IRS some money for possibly underpaying taxes between 1983 and 1994. To convince the IRS to halt the accrual of interest on any amount Ford might have underpaid, Ford gave the IRS a lump sum of cash. However, turns out that ...

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    PSA: IRS lowers mileage deduction for 2010 - will you owe more in taxes?
    1262188800

    When gas prices rose in 2008, one of the few bits of good news was that the federal government was bumping up the business mileage deduction to 55 cents per mile. Now that gas prices have stabilized in 2009, the Internal Revenue Service has reportedly decided to cut back on some of its ...

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