IRS News

How Hershey charity director fees rose to half a millionWednesday, July 20, 2011 @ 3:00AMWhen Leroy S. Zimmerman was named in late 2002 to the board of the small state-chartered Pennsylvania bank that managed the assets of the Hershey charity for disadvantaged youth, the post paid about $35,000 a year and came with restrictions.

IRS Criticised Over Lien Notifications,Wednesday, July 20, 2011 @ 2:01AMAccording to a report released by the Treasury Inspector General for Tax Administration (TIGTA), some United States taxpayers’ rights may have been jeopardized or violated because the Internal Revenue Service (IRS) failed to prove it timely sent notices of federal tax lien filings.

Deducting home office expensesWednesday, July 20, 2011 @ 1:48AMQ: I recently closed my office and moved my business to my home. Can you please explain the tax rules and the benefits, if any, for having a home office? A: Home office expenses are generally deductible only if they meet the specific requirements provided in the Internal Revenue Code Section 280A.

HSBC to discontinue services for US clients with offshore accountsWednesday, July 20, 2011 @ 12:51AMUnder the scrutiny of the US authorities for its tax-evading clients, financial services giant HSBC has said it will severe ties with hundreds of its wealthy American clients, including those of Indian-origin, who have accounts in offshore locations.

Manheim Township will tap nonprofitsSaturday, July 16, 2011 @ 2:34PM  The expansive parks, manicured athletic fields and crowded commercial corridors suggest a thriving community.But frankly, Manheim Township could use a few bucks.And now, after raising property taxes last year for the first time in two decades, officials are looking at another way to generate ...