the half million to the i.r.s. andate that the supreme court could strike doub in two months -- down in two months. $500 million has it gone to i.r.s.? >> not all of it. $200 million has been sent that way in the past two years and $300 million is in the pipeline. >> greta: where is the money coming from? >> from a $1 billion general implementation fund included the healthcare law. money, not attached to any specific provision. just given to department of health and human services to do whatever it needed to do to implement this law. >> greta: what do they expect the torres do with the money? >> white house press secretary carney said it was used to administer small business tax credit, provision in place in the healthcare law. there is a lot that falls to the i.r.s. to implement, so they have put out a list of, quote/unquote tax changes. which can include the small business tax credit and that could include the mandate. >> greta: hiring more people? >> that is an excellent question. yes, but hard to tell exactly ho

why is the i.r.s. starting to poke around in the super pac groups? >> well, these are groups that have filed an application with the i.r.s. and they have claimed status of social welfare organizations. >> stephen: right! which is what i am! and what is that? (laughter) >> a social welfare group is a group that exists to further public policy goals. they're not supposed to be a political organization so they're. >> stephen: how much political organization can i do? >> i'd surprise you and say it's all a little gray. >> stephen: i love that. >> but your primary purpose must be social welfare. >> stephen: of course, did you bring a briefcase? >> i did bring a briefcase. >> stephen: every time you come here you have a magic piece of paper that gets me around whatever particular federal election law i may or may not be violating. (laughter) what do enough your case today? >> i don't have anything for you today. >> stephen: you are a terrible lawyer. (laughter) >> actually, no, i'm a good lawyer so we took a careful look at the law and realized that you do

the i.r.s. ve me a double whammy because of this. host: kevin. guest: i'm not sure why your attorney frees not deductible if it was to produce taxable income. it's taxed the same way. if that became as a lump sum i don't think there's any way you can't reach back and say you got some in previous years or say you carry that forward. but i would question generally legal fees in the pursuit of taxable income are deductible. unfortunately they're not deductible against what you receive. they're deductible as a miscellaneous itemiesed deduction. it's 2% of your agi so it might be limited. host: let's go on to brook haven, mips. david, you're on the "washington journal." e caller: as i understand, trading activities then you don't really have to concern yourself with the sale just attach a note to your trading and explain what happened. guest: i don't understand the question. host: explain. caller: the sale requires if you trade within 30 days. now, if you trade within 30 days, but at the end of the ye

imagine the i.r.s. is going to be responsible for making sure that 300,000 people each month have insurance and finding the people who do the in have insurance if obamacare is implemented. >>stuart: doesn't that change the role of thers? >>guest: they are now a police force trying to implement --. >>stuart: they have to make sure each month you have health insurance, assuming the mandate passes constitutional muster. that changes the nature of the i.r.s. >>guest: it certainly does, because now they have to every month figure out who has it, who doesn't, and find those people and track them. so, this is ridiculous. if they cannot handle this now when they had all year to prepare i cannot imagine what will happen if obamacare kicks in. >>stuart: thank you for joining us. from the hot tub to the hot seat. next up, are criminal charges nearing for this former g.s.a. guy who was a "no show," at today's hearings? today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's num

we'll talk about the international backlash against i.r.s. let's get to today's council of town. all right u.s. president barack obama in the face of higher and rising oil and gasoline prices that we've seen went after evil oil speculators today and he wants congress to pass more regulation he wants lawmakers to do the following you want them to fund a six fold increase for surveillance and enforcement staff at the commodities futures trading commission to put more cops on the beat overseeing the oil market he wants to empower this the f.t.c. to raise margin requirements for traders oil positions and raise the penalties for market manipulation to ten million dollars from a million dollars i have some proposals how about getting the cops already on the beat to enforce the rules already on the books which appeared majorly lacking in examples such as the m.f. global bankruptcy and stiffer fines for manipulation ok what about going after the accusations of manipulation already going on which we had a guest just recently talk about in the silver market as for the price of oil and what'

a number of tea party groups to protest the i.r.s. what is this all about? guest: well, thank you for having me. this is what we feel like is a modern day witch hunt. obama's i.o.s. is going after the local tea party organizations and trying to bury us in paperwork and time. a perfect example in kentucky, i we received depan letters from the i.r.s. asking for thousands and thousands of pages to comply and give less than two weeks to get this information. another example there was a book club not for-profit, and they receive add demand from the i.r.s. asking them to give them a synopsis of every book they have read in their book club a book report to the i.r.s. >>neil: maybe because we are so broke the i.r.s. has to be month careful. i could say, well, good for them they cannot just give tax-exempt status to everyone, no offense to you. they don't want to do that in these hard times and the deficits and piling debt are the reason. >>guest: well, let me put this in perspective. they are coordinating and targeting and trying to intimidate the small groups. these

in a statement quote alec tells the hour i.r.s. and its tax returns that it does no lobbying it exists to pass profit driven legislation in state houses all over the country that benefits its corporate members alec is not entitled to abuse its charitable touch that is to lobby for private corporate interests and stick the bill to the american taxpayer a common cause is calling on the i.r.s. to force alec to pay years of back taxes and penalties but alec is pushing back saying this complaint is nothing more than a tired campaign quote to abuse the legal system distort the facts and tarnish their reputation so alec claims it's not a lobbying organization ok then how do they explain this as it is republican swept into power a year and a half ago a slew of corporate friendly legislation started appearing in state houses across the country wisconsin ohio and indiana went to work causing legislation to break up public unions and strip away their rights to collectively bargain texas tennessee kansas and again wisconsin went to work passing

if you do not comply by enrolling in the required health care plan the i.r.s. und. and more over, a lot of this law is paid for with $500 million in new taxes, and the biggest changes not i.r.s. code in half a century. and >>neil: this is the law itself. >>guest: right. >>neil: and betsy take it whatever she goes and know as lot more than you would like to know about her social life. but there are other features that people are not aware of. >>guest: there will be so many regulations that the administration estimates that the cost of health care regulation, washington telling paints and doctors and hospitals what to do, that will rise from $29 billion in 2008 to $71 billion by 2020. lots more rules and regulations overseeing your health care side of the life. >>neil: the supreme court court shoots this down and it does in the stop in 2013 the other money making ventures like selling your house for $200s in profit and an added percentage goes to dare care, right? >>guest: right. unearned income of any sort including profit on your house is taxed at 3.8 percent to

the i.r.s. us today that as many as 25% of americans wait until the last week, if not the last minute. but con artists aren't waiting. they may have filed for you already and collected your refund. john miller talked to a family that was victimized. >> reporter: the news was too terrible to bear for donna ray and her husband jim. their son, 23-year-old sergeant adam ray, had been killed by an i.e.d. in afghanistan. >> my big strong husband crumbled to the ground and told me that adam died and that was the hardest thing... hardest words i'd ever heard. >> reporter: but there was another shock to come. before the rays could file his taxes, someone else had already done it, collecting $1,400 on a refund that should have gone to adam's parents. >> how can someone do this to us? i mean, my son gave his life for you, now you're going to steal what little few dollars he has left? >> reporter: this military family was a victim of a growing crime wave: tax return fraud. thieves steal social security numb

and the head of the i.r.s. act what i said we don't want to point out as if this is an insane argument is totally the whole tax systems insane i mean your argument is that the head of the i.r.s. just said this past week that he thought the tax code needed to be simplified and for people to run around saying that the rich don't pay any taxes is simply absurd they're paying for everything they were after a poll of equalizing you know from each according to his means to each according to their needs and whatever it was you know you call march i was trying to i was there when i read about it. anywhere any of this week republican freshman allen west from florida had this to say to his constituents about his colleagues at town hall meeting. in. the. communist party and what he was talking about was the progressive caucus in the house of representatives he came out later and clarified that and they've come forward this budget for all two point one trillion dollar investment in building our infrastructure ending the bus

i did put in a call and reached a representative with the i.r.s. i asked about an update on this investigation. they say there is no new information to release on any possible charges or the investigation into the university or its founder. we understand classes will continue in this very room and the folks here are encouraging new students to enroll. back to you. >>> the san francisco police department has launched a formal investigation into the bay area's dead least boating accident in years. five of the eight crew members on board the yacht slow speed chase never made it back from a weekend race to the farallon islands. the san francisco police department has jurisdiction over the islands because they're considered part of the city and county of san francisco. police have already interviewed two of the three survivors. >>> we have received new photos from the coast guard. they show the yacht stranded on the rocks of the farallon islands. the coast guard has suspended the search and completed its preliminary investigation. it's now up to san fran

. >> reporter: a visit to the i.r.s. later on sunday morning. >> osgood: they say a diamond is forever. nowhere is that more true than at the historic ballpark mo rocca will be taking us out to. >> reporter: whether the boston red sox are up.... >> behind the bag. >> reporter:... or down, they and their fans have always had a home at fenway park which opened 100 years ago this week. >> it is a living room. it is a backyard. it is a temple. it is all those things. >> reporter: ahead on sunday morning, a big birthday for fenway park and the green monster. >> osgood: many a woman and more than a few men, too, have fewer wrinkles instead of more as they get older. that's because of an f.d.a. decision ten years ago that allowed a new use for a once thought poison drug. serena altschul has the story. >> reporter: dr. alan scott changed the face of america. >> you never know what's going to happen the first time you do these things. >> reporter: in the decades since, his invention has become an industry. >> we tell patients, you

i have some advice the i.r.s. is not going to give you. >> good deal. thanks, jess. >>> the entire compresident clinton shop of campaign -- complexion of campaign 2012 has changed. >> after a dismal start to the season for ski resorts out west, the spring looks more like winter than winter did. we'll be right back. >>> welcome back. i'm meteorologist olga breese in for howard bernstein this morning. most of us are sitting in the upper 30s, lower 40s. day planner does have some sunshine. we will see the clouds begin to increase midday and get the opportunity for some showers late in the afternoon. highs today only in the lower to mid-50s. >>> we're going to get a live look of the northbound side of i-95. things looking great if dale city all the way past the occoquan river to here in springfield where you just see a bit of volume forming now to 495. in my next report, a closer look at virginia roads at 5:17. back to you. >>> making news now at 5:09, mitt romney's way to the republican presidential nomination is pretty clear this morning. his closest rival

congressional sources say $20 million was transferred to the i.r.s. 0. $168 million last year. and another $332 million is expected to be transferred this year. they say it's moving forward despite the legal challenges. >> it's enabling the i.r.s. to provide small tax break to individuals and small businesses to assist them in acquiring health insurance or the case of small businesses providing health insurance. >> i.r.s. declined to say how much money it spent on the individual mandate component. the congressman says the initial spending is part of why so many republican ospose this law. >> this is just one element of obamacare costing more, being more intrusive than it was advertised. the states are petrified of what is coming down the pike. >> another reason why november's election is critical. in washington, mike emanuel fox news. >> bret: still ahead, trying to turn back the clock in wisconsin. first, the end of an era. we have two car insurances that we're going to have you taste. the first one we're going to call x. go ahead and take a sip, and

check the i.r.s. instructions. that's one of the first things when it comes to who can qualify as a dependent. host: we've got about 12 minutes -- we have about five minutes left. good thing i don't do my own taxes. tom, you are on "the washington journal." the guy who can't act. caller: i was sued and awarded out of court some compensatory damages settlement. this was 20 years ago. i did not receive any 1099's for 50 years, and then they started sending me 1099 cards which is for retirement income. i am not 66 yet, and i wonder how i could handle this. guest: sounds like this guy is in trouble. guest: you said you received a settlement, and that's usually a lump sum, a construction settlement. he says 20 years ago. i'm not sure. guest: i'm lost on this one. i'm sorry. host: if he did receive a lump sum settlement, would it have been his responsibility to seek out that 1099 form before 15 years passed? guest: no, it is not up to him to actually have the 1099. even if you do not receive a 1099 you have to pay tax on

the i.r.s. stone walled this group for a year and a half at which time demanded thousands of pages of documentation and gave the group less than three weeks to produce it. the i.r.s. demanded the names of every participant at every meeting held over the last two years, transcripts of every speech given at those meetings, what positions they had taken on issues, the names of their volunteers and donors and copies of communications they had with elected officials and on and on. perhaps most chilling of all, the organizer of this particular group soon found herself the object of a personal income tax audit by the i.r.s. mr. speaker, these are groups of volunteers who pass the hat at meetings to pay for renting the hall. they give their own time to research issues and pay out of their own pockets for printing fliers. the donations made to them aren't tax deductible, so there is no relit jt purpose in asking for the names of their donors, let alone of their volunteers unless, and this is the fine poin

if you cannot pay, do not go silent on the i.r.s. ar from uncle sam. he will find you. the thing they ahead the most if you just hide. if you just say i'm not dealing with this. if you can't pay your taxes go to them there are certain things you can do, if you just talk to them about what to do, much better than just saying, my gosh, i have, i am putting my head not sand. there are, if you owe less than $50,000, you can even go online and work out a payment plan. >>heather: there are payment plan opportunities. a lot of people owe money and they cannot pay especially with the economy being the way it is right now and so many are out of work, but the i.r.s. will work with you. >>guest: and, if you go silent on the i.r.s. you will be paying close to 5 percent on the amount that you owe every month, and penalties and interest, so that adds up very quickly. finally, consider if you can afford it, hiring a c.p.a. >>heather: my c.p.a., i would marry him if he were not married. he is consistent, he never lies, and, he talks to the i.r.s. for

citizen who the i.r.s. commissioner determines to have seriously delinquent tax debt the seriously delinquent tax debt as you heard our guest say is defined in amounts in excess of fifty thousand dollars no due process there is more ok let's look at another provision if the u.s. government decides a foreign jurisdiction is impeding tax and force me uncle sam can shut them out of the u.s. financial system this passed in the senate hasn't in the house so that's where it stands right now this is pretty concerning the whole the reach into foreign jurisdictions is something we've seen with for example swiss banks that won't let americans open accounts there anymore because they've had you know the government come into u.b.s. and say hand over your client names and that's where they now hey if you don't do that it sounds like they could say you're set out of the u.s. financial system which is really required to do so many transactions globally and it's just one more step of seumas the way i know a lot of people th

the only people who know that are the i.r.s. and the company itself. as a result, there's a lot of am big you'dity, apple told us they paid $5 billion so far in this fiscal year in taxes. we don't know if that's accurate or if that's inaccurate. we do know that that includes the taxes that apple employees have paid, personal income taxes that the company sends on their behalf. but this gets to the heart of one of the difficult things here, which is it's hard for taxpayers to really know what's going on because we can't see into companies' tax books. >> brown: you're nodding your head. >> well, we can't see exactly into their tax books, but the trends are so large, the movement of profit is so great, that it's very clear that over the last five or 10 years we've seen a trend, where multi-national corporations are moving a greater share of their profits off shore, and not only are they moving it outside the united states, but they are also moving it into tax havens. so this gives them tremendous incentive to locate profits and businesses outside of the u

scour their accounts looking for americans and they find american account holders they have to tell the i.r.s. our folks about the balances of those americans have in these foreign banks about any would drawls bought any receipts and if the banks don't do that they get nailed for non-disclosure the account holders the americans who have their money in foreign banks must report them to the i.r.s. along with normal u.s. tax returns if they value more than fifty thousand dollars account holders would also be subject to penalties for not as closure the fact the act also closes a tax loophole this is the particularly interesting part that many investors have used to avoid paying taxes on dividends people like mitt romney you know make all their income from dividends by converting them into dividend equivalence as he did a lot of speculation that romney himself as use this loophole over the years with his swiss and grand cayman bank accounts to avoid paying taxes particularly on his retirement funds opens answer some your questions about the act. our final comment of the night comes from dil in sin

income due to the software's oversight will the turbo tax defense actually work for him the i.r.s. waived penalties against which isn't the case for the rest of taxpayers they can't use that defense and was so many people filing electronically three quarters expected this year to be electronically a number of those i'm sure are using tax software is that fair alona you're asking me i may have been on. the no brainer that obviously it isn't fair i mean really this is one of those examples where you see that our policies haven't exactly fit with what the current reality is and if so many people are now using turbo tax other kinds of online software i know that i did i don't know about you then i'm terrified when i do your you know gets to have his fees waived because of some mistakes claims mistakes we don't really know if they were mistakes or not or purposeful then i think the rest of us should you know it's kind of a weird policy to have to say that only those people that actually use that account and can then blame those because you blame those mistakes on their accountants but th

of his bit of information two years ago and in two thousand and nine so yes three years ago now the i.r.s. said that they were going to form a new group. there is and they would direct their attention this is what they call the group the so-called global high wealth individuals so these are people that make tens of millions of dollars that have all of their money in volved and such complex financial deals that you don't know of course there's a lot of other offshoring going on and so they said they're going to create a special group of auditors to look into this group of people turns out that since two thousand and nine they've only audited twelve to eighteen people in this category since then and you know a regular working class family with kids they get out of it twice the rate so what gives. well it's idiotic eight you know it's politics it's that these global high net worth individuals are also high net campaign contributors think about it you know one adjustment on the return for one of those folks would pay for tens of thousands maybe hundreds of thousands of other right it's in ter

of the wealthy still dominates whichever party is in power even when it comes to something like the i.r.s. they need to be put under pressure the administration needs to be put under pressure to really enforce the laws that are on the books now how do you think the president's going to prove them too of course i don't know what he wouldn't think of his job so far in trying to sell the buffett rule well you know the buffett rule is like so many things with this president it's better than what would a lot better than what we have now but it's it's better than nothing i mean maybe that should be the new campaign slogan but it's certainly not what we should have remember in this country's greatest years of prosperity we had top tax rates of fifty seventy sometimes even ninety percent for the super wealthy now all we're saying is that one invited shouldn't pay more than his secretary so she pays twenty eight percent he should at least pay twenty eight percent you know it's better than nothing but. it is a good politics i don't know it's probably better politics the nothing but as the economic

he's a future 1%er but the hope the i.r.s. epa don't get ahold of him. >> most kids wouldn't have the patience to do something like this. i like the scene of his sitting by himself waiting for somebody come along. >> every weekend. >> nobody came along but he never lost his enthusiasm. then when he pushed the tickets through. you know how they come out. he goes in and pushes them out. >> stop, bob, i can't take it anymore. >> here's what i mean. talk about a stone heart. there you are. >> do you know why you like that so much? if you watch you know, bob, before and after every show sits in front on his chair like a little kid. you're cain. >> i wish i were. gregg, i've been hesitant to ask you. >> i followed up on this and he didn't have a permit so i made a phone call, they closed it down. i thought that was the right thing to do. especially since no one has done this for may makeshift massage parlor. i sit there and nobody comes in. >> i'm shocked. >> andrea? >> i like the fact he recycled the boxes. those at the restaurants

and you know, somewhat, the burden via the i.r.s. rules that will coming down the pipe.se all create burdens and uncertainty in the marketplace. they all contribute to the problem we face today. here is the deal, guys. barack obama is not understanding that the problem is. the problem is that we are still too reliant on foreign sources of energy. he still does not understand that america has the potential here to be energy secure. we can get this done within the decade if he would understand that common sense doable things that have been laid out in that all of the above approach. and yet look at today. he didn't mention any of the other legs of the stool. he mentioned just the bureaucratic, very, very extensive proposal of his to put some teeth in to i assume he is going to talk about the gstc, but the bureaucratic way of dealing with energy crisis is what it's going to become, he just, he is still not understanding what the problem is. >> andrea: governor, it's andrea tantaros. you said that the president doesn't understand. do you really believe that he is that naive