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Jul 26, 2017
07/17
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the irs should go. and it's very similar to what you described. it's offering the ability for taxpayers to proactively interact with the irs digitally, if that's their choice of medium. we still have to offer walk-in centers, call centers for those who want to communicate in different means. but the majority of the public says they want to be able to work with the irs digitally, like they would with a bank or -- >> you're already doing the project. this ties into the discussion for the security summit. if i use one of the package soft wears on the turbo taxes, whatever it may be, i can log in and see all my filings i've done through them going back several years, correct? . so in some ways, we already know it's being done on the private side of the ledger, it would be an interesting elegance from the security summit and then the concepts that if we're truly almost to a national standard for encryption, using a distributive ledger, and the fact that you have servers all up and down the chain, you could al
the irs should go. and it's very similar to what you described. it's offering the ability for taxpayers to proactively interact with the irs digitally, if that's their choice of medium. we still have to offer walk-in centers, call centers for those who want to communicate in different means. but the majority of the public says they want to be able to work with the irs digitally, like they would with a bank or -- >> you're already doing the project. this ties into the discussion for the...
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Jul 27, 2017
07/17
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CSPAN2
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level of service about the irs. as you heard in my opening remarks, i'm concerned that the proposed cuts to the irs would reduce service levels. do you think it's acceptable to provide a level of service more than four out of ten callers won't connect to the representative as they're looking to pay their taxes? >> major tax reform is a major focus of ours, to simplify tax reform. and 95% of americans will be able to fill out an on a simple post card. my view, the solution is two-fold, one is let's simplify our tax system so not as many people need to call and two, how do we use technology more effectively as opposed to having to use call centers. how can we communicate with the tapes electronically. >> thank you, mr. secretary. senator. >> thank you, let me ask you a couple of questions, i want to pick up where senator coons left off on debt ceilings. we're using extraordinary measures, do they have a cost to taxpayers? >> yes, we do. >> give me an idea when we move past the debt ceiling time period and wait and dela
level of service about the irs. as you heard in my opening remarks, i'm concerned that the proposed cuts to the irs would reduce service levels. do you think it's acceptable to provide a level of service more than four out of ten callers won't connect to the representative as they're looking to pay their taxes? >> major tax reform is a major focus of ours, to simplify tax reform. and 95% of americans will be able to fill out an on a simple post card. my view, the solution is two-fold, one...
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Jul 29, 2017
07/17
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CSPAN3
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there are many challenges facing the irs. the top challenge of which is protecting security over taxpayer data. the irs processes and stores a vast amount of taxpayer data that is a prime target for domestic and international criminals. for example in march 2017 because of significant suspicious activities, the irs deactivated the online free application for the federal stupidity aid data retrieval tool. this tool is design today be used by students and parents to retain tax information used to complete a student made application. this incident is just the latest by brazen attempts to file fraudulent tax returns and receive ilegitimate tax refunds. the irs has experienced breaches to its transcript and identifying taxpayer application. the irs has a difficult task of balancing the need toa thent kalt a taxpayer's identity with the need to make information assessable when taxpayers need them. the threat landscape against the irs is ever changing. bad actors consistently seek different ways to take advantage of systems and proce
there are many challenges facing the irs. the top challenge of which is protecting security over taxpayer data. the irs processes and stores a vast amount of taxpayer data that is a prime target for domestic and international criminals. for example in march 2017 because of significant suspicious activities, the irs deactivated the online free application for the federal stupidity aid data retrieval tool. this tool is design today be used by students and parents to retain tax information used to...
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Jul 31, 2017
07/17
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CSPAN
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the hearing included testimony from irs commissioner john koskinen and the treasury inspector general. it is about an hour and 40 minutes. >> welcome to everybody, good >> welcome and good morning. as we begin this important hearing, we welcome our witnesses, treasury secretary steven mnuchin, irs commissioner john koskinen poste and our treasury ig. thank you for being here. the department of treasury its work is to promote economic growth, stability and safeguard our financial systems which is critical to maintaining a strong economy and create an economic opportunity. equally important is its work to combat terrorism, the proliferation of weapons of mass destruction and money laundering, drug trafficking and other national security threats come internal revenue service as a significanisa significant rolf administering the nation's tax laws. to carry out the out their responsibilities, taxpayers must have the faith of the irs will do its job without regards to an individual sixers as of their constitutional rights. the irs must protect the taxpayers information and privacy as they c
the hearing included testimony from irs commissioner john koskinen and the treasury inspector general. it is about an hour and 40 minutes. >> welcome to everybody, good >> welcome and good morning. as we begin this important hearing, we welcome our witnesses, treasury secretary steven mnuchin, irs commissioner john koskinen poste and our treasury ig. thank you for being here. the department of treasury its work is to promote economic growth, stability and safeguard our financial...
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Jul 27, 2017
07/17
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CSPAN2
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the landscape against the irs is ever changing. bad actors continually seek different ways to take advantage of the systems and processes to access the information without proper authorization. the access would continue to be significant as the irs increases its efforts to deliver a new online tools by its future state initiative. the current efforts to exploit online systems have also highlighted the need to seek the capability to improve the bill of the systems. one element towards that his pioneering individuals with proven skills, knowledge and abilities related to cybersecurity. the irs streamlined critical authority in 2013. they subsequently used to critical pay position authority which has been available since 1992 though the technical positions such as the operation. we found that they hadn't used this authorithad infusedthis aut in recruiting highly qualified experts. they also continue to be concerned about cyber security in general and th to the irs. our audits have shown the problematic areas and in 2016 showed a signif
the landscape against the irs is ever changing. bad actors continually seek different ways to take advantage of the systems and processes to access the information without proper authorization. the access would continue to be significant as the irs increases its efforts to deliver a new online tools by its future state initiative. the current efforts to exploit online systems have also highlighted the need to seek the capability to improve the bill of the systems. one element towards that his...
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Jul 11, 2017
07/17
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the irs. that's exactly what we've done. matter of statute on the damages that we can receive, but we've brought claims on behalf of the company and on behalf of the shareholders tony and mine. liz: how is the family doing at this point? have they started a business back up? and why did they not pay 31,400 in taxes? >> so they're not doing well in short. they're an elderly couple. they -- shortly after this within months after this incident, tony underwent a quadruple bypass heart surgery. obviously, the stress of this had a significant impact on that. they are currently unemployed. they have not started another business, and they are living off social security. they have frankly, liz, been left. now, as far as the amount of the alleged $31,000, i will start off by saying that we have not succeeded that they owed that in the first place, which adds another wrinkle. even conceiving that they do a $31,000 liability does not prompt or warrant the actions here. liz: well, we're following this very closely. have you spoken to any
the irs. that's exactly what we've done. matter of statute on the damages that we can receive, but we've brought claims on behalf of the company and on behalf of the shareholders tony and mine. liz: how is the family doing at this point? have they started a business back up? and why did they not pay 31,400 in taxes? >> so they're not doing well in short. they're an elderly couple. they -- shortly after this within months after this incident, tony underwent a quadruple bypass heart...
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Jul 21, 2017
07/17
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CSPAN
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through the irs website under irs regular since and protection rules -- regulations and protection rules. that also creates 2.5 million returns. between the two programs, somewhere between five or 6 million returns are generated for free. in one instance, and volunteer service centers and community's and neighborhoods, and other online. the other you can access through your phone or through a computer. between the two, you have significant health at no cost for lower or middle income people. it's a unique american invention. countries,the other the government is the whole thing as a revenue collection process with no involvement with the citizen. the ideal situation would be to simple five to improve the taxpayers understanding of their own taxation and the labeling them -- enabling them to make better decisions for the future and at the same time take advantage of the capabilities of both tax professionals and technology innovations to make it simpler and easier for folks. you decide to have a postcard stub tax return and this industry will deliver that robustly so that it will be somet
through the irs website under irs regular since and protection rules -- regulations and protection rules. that also creates 2.5 million returns. between the two programs, somewhere between five or 6 million returns are generated for free. in one instance, and volunteer service centers and community's and neighborhoods, and other online. the other you can access through your phone or through a computer. between the two, you have significant health at no cost for lower or middle income people....
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Jul 12, 2017
07/17
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FBC
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and the irs had take your kids to workday. they brought kid and put them on crates and ordered them pizza. they are watching on crates eating pizzas as they ruin this couple's lives. the suit says they did not owe any income taxes because they operate at net losses which are not taxable. kennedy: they were able to write off the losses against what they earned. but that was not recognized. maybe they have to redo some their taxes. maybe they didn't do something right. but a business shouldn't be run into the ground without due process. the light of liberty shines so brightly on this table i might have to come back in sunglasses. speaking of which, president trump and the media. who is more obsessed with the other. what percentage of americans trust the news media? i have got the answer for you after the break. potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i
and the irs had take your kids to workday. they brought kid and put them on crates and ordered them pizza. they are watching on crates eating pizzas as they ruin this couple's lives. the suit says they did not owe any income taxes because they operate at net losses which are not taxable. kennedy: they were able to write off the losses against what they earned. but that was not recognized. maybe they have to redo some their taxes. maybe they didn't do something right. but a business shouldn't be...
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Jul 10, 2017
07/17
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CSPAN3
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simplifying it so that the irs can proper lly administer the code. specifically in regard to pass-through, we believe in a business tax, not just a corporate tax. we want to make sure they have the benefit of a fair tax rate. now, having said that, i, too, share your concern. about pass throughs. we have over 100 people working in the tax department on this. making sure we set up rules so that pass-throughs can't be used by the wealthy to dodge taxes and aren't a means of somebody who should be paying 33 or 35 or 30 whatever. paying 15%. so we will make sure it is wages and not otherwise. so that's the pass throughs. on filling positions i can assure you we've filled almost every single position. the fbi background checks are what have held up announcements and the last part i'd say we are researching -- we are spending some time discussing the cuba policy. that's under review. >> thank you. >> mr. young. >> thank you, mr. chairman. nice to be with you, mr. secretary. you talk about 3% growth. i'd really like to see that. we all would, put america ba
simplifying it so that the irs can proper lly administer the code. specifically in regard to pass-through, we believe in a business tax, not just a corporate tax. we want to make sure they have the benefit of a fair tax rate. now, having said that, i, too, share your concern. about pass throughs. we have over 100 people working in the tax department on this. making sure we set up rules so that pass-throughs can't be used by the wealthy to dodge taxes and aren't a means of somebody who should be...
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Jul 20, 2017
07/17
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at the same time, the quality of customer service within the irs has fallen. as a result, i see within my clients a decreasing confidence in the tax system as a whole. it gives us the opportunity to address these matters, to ease frustrations and to restore faith and confidence in our tax systems. so we need tax reform, not just for american businesses, but more importantly for american families and individuals who are struggling with the burden that it places on them every day. chairman archer, i would like to visit with you a little bit. i want to thank you, first of all, for being here and making it a priority and then all of your years of service as well, but i wanted to ask you what you've seen over the years, an erosion in american confidence in the tax system, but then i want to focus in particular about your perspective on permanence in the tax code. we have people propose to us constantly and you've dealt with it, about tax extenders, or putting policy in place for a short amount of time and what that does to a business or family trying to plan for the
at the same time, the quality of customer service within the irs has fallen. as a result, i see within my clients a decreasing confidence in the tax system as a whole. it gives us the opportunity to address these matters, to ease frustrations and to restore faith and confidence in our tax systems. so we need tax reform, not just for american businesses, but more importantly for american families and individuals who are struggling with the burden that it places on them every day. chairman...
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Jul 20, 2017
07/17
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the course of all that, irs eliminated from its budget. the overwhelming number of paper processing plants. the system of the old days. of how paper returns were processed. but there was a huge advantage for the country in it. putting a paper return into that system and the irs employees would key fields from the return, produced about a 20% error rate. whether the error was the original taxpayer or in the keying in of abstracts, about a 20% rate, the studies said back then. moving into an electronic filing system that dropped to a 1%, to 2% rate of error. so there's real advantage in electronic implementation, but whatever the provisions of the code are, that you all decide as our policy makers, the ability to simplify that whether it's in an electronic postcard or any of the other tools that are available, including for simple returns, people can do it now. on a phone. with an app, take a picture of a w-2 and very quickly have a return brought in. so the private sector will bring the tools of innovation to this. so that this will have the
the course of all that, irs eliminated from its budget. the overwhelming number of paper processing plants. the system of the old days. of how paper returns were processed. but there was a huge advantage for the country in it. putting a paper return into that system and the irs employees would key fields from the return, produced about a 20% error rate. whether the error was the original taxpayer or in the keying in of abstracts, about a 20% rate, the studies said back then. moving into an...
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Jul 24, 2017
07/17
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under funding the irs is like under funding your accounts receivable. no rational business would do that. >> that's a great line. i'm going to use it. >> it's not copyrighted. the numbers show that if the irs gets an extra $1,000, they will bring back an extra $4,000 or $5,000 in revenue. it pays for itself and then some. >> thanks. anyone else? pile on. go ahead. >> the irs, of course, as we all know collects revenues that are needed to fund our government. it's very important that the irs have the capability both in services and enforcement to collect revenues called for bit law in a fair and efficient manner. >> others. >> i agree with all of that. i'm thinking back to -- this involved a credit card company that senator portman used to tell stories about when he was part of the irs restructuring commission or the group that looked at restructuring the irs. the service that you expect. american express doesn't come back two years later and say, about that bill. we need to fund the irs to make sure that they have the technology that they need and to mak
under funding the irs is like under funding your accounts receivable. no rational business would do that. >> that's a great line. i'm going to use it. >> it's not copyrighted. the numbers show that if the irs gets an extra $1,000, they will bring back an extra $4,000 or $5,000 in revenue. it pays for itself and then some. >> thanks. anyone else? pile on. go ahead. >> the irs, of course, as we all know collects revenues that are needed to fund our government. it's very...
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Jul 11, 2017
07/17
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. ♪ melissa: elderly couple taking on the irs. t their life savings after the agency illegally seized their bride dal shop, immediately sold everything. now they're suing. jeff flock has the details. jeff, break this story down for us. reporter: if you don't pay your taxes the irs can come in and seize your stuff. the law says, if they do, you have 10 days to pay the tax you owe or dispute the charge. the only reason that they can sell it right away if it is perishable. so i ask you, bridal gowns, perishable or nonperishable? well, take the case of mei's bridal in garland, texas outside of dallas. in this case the irs said wedding gowns are perishable. an elderly immigrant couple from thailand, both, one 68, the other 72, have been u.s. citizens, operating their bridal shop since 1983 down there in texas. they got behind in taxes although unclear just how much. either way though, here is what their legal complaint against the irs says. irs agents wrongfully classified a stock of more than 1600 designer bridal gowns as perishable go
. ♪ melissa: elderly couple taking on the irs. t their life savings after the agency illegally seized their bride dal shop, immediately sold everything. now they're suing. jeff flock has the details. jeff, break this story down for us. reporter: if you don't pay your taxes the irs can come in and seize your stuff. the law says, if they do, you have 10 days to pay the tax you owe or dispute the charge. the only reason that they can sell it right away if it is perishable. so i ask you, bridal...
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Jul 12, 2017
07/17
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FOXNEWSW
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at the irs -- the lawsuit against the irs says "irs agents wrongfully classified as stock more than 1600r bridal gowns at perishable goods and invoked extremely seizure and sale process for such items. the gowns were worth -- that irs got $17,000 and some of the agents apparently bought some of the discounted gowns which averaged about $4 a gallon for the designer gowns. we checked the irs manual about what is a perishable good and what isn't and in the case of a nursery for example, flowers and plants, those are perishable goods, the government can sell those off right away but items like gardening equipment and pottery and vehicles, not perishable. can't sell those off right away, at least not by law. by the way, the tax bill for the couple, $30,000 which the lawyer tells fox business they didn't even owe. >> we have not conceded that they actually owe that in the first place, which adds another wrinkle. even conceding that they do, a $30,000 liability certainly does not prompt or warrant the actions here. >> checking the irs manual again it says there must be an expectation that a gre
at the irs -- the lawsuit against the irs says "irs agents wrongfully classified as stock more than 1600r bridal gowns at perishable goods and invoked extremely seizure and sale process for such items. the gowns were worth -- that irs got $17,000 and some of the agents apparently bought some of the discounted gowns which averaged about $4 a gallon for the designer gowns. we checked the irs manual about what is a perishable good and what isn't and in the case of a nursery for example,...
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Jul 19, 2017
07/17
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the irs code is a patchwork of provisions serving a wide variety of purposes. as the code grows and administrative guidance interpreting and implementing the code also grows are in ominously complex tax system becomes even harder for taxpayers to understand and irs to administer. there is a need for tax reform. we need it to promote economic growth and reduce complexity. we need to fix a system that taxes some taxpayers are high effective rates and others that much lower effective rates because of special provisions. we need to reform to address the incentives to use debt rather than equity. we also need to address our inadequate national tax system which creates a lockout of fact that encourages corporate taxpayers to keep their foreign earnings offshore because those earnings will not be subject to tax until they are repatriated. this repatriation tax is not a exist in other countries. we needed to reduce incentives for businesses to move their activity offshore. this has been ongoing debate for over a decade. extensive groundwork has been laid. it is now esse
the irs code is a patchwork of provisions serving a wide variety of purposes. as the code grows and administrative guidance interpreting and implementing the code also grows are in ominously complex tax system becomes even harder for taxpayers to understand and irs to administer. there is a need for tax reform. we need it to promote economic growth and reduce complexity. we need to fix a system that taxes some taxpayers are high effective rates and others that much lower effective rates because...
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Jul 19, 2017
07/17
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FOXNEWSW
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we have this complicated system where you have to navigate all of these forms and deductions, and the irs. it's too confusing and expensiv expensive. we want to signify the tax code
we have this complicated system where you have to navigate all of these forms and deductions, and the irs. it's too confusing and expensiv expensive. we want to signify the tax code
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Jul 26, 2017
07/17
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CSPAN3
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the irs record retention policy,
the irs record retention policy,
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Jul 27, 2017
07/17
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CSPAN3
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now, the irs isn't real kind about being forgiving about it. in order to pay that $15,000 back because they made too much money, they depleted their 401(k). then they had to sell their home that they intend to live in for the rest of their life so they wouldn't lose their home. i mean, think about that. now, sherry and vern are the forgotten men and women. the same folks bill clinton are talking about, the ones that are busting it. he works 60 or 70 hours a week. sherry works 30 hours a week as a florist. they're working those hours. they have seen their premiums double or more, their coverage cut in half. they deplete their 401, they lost their house. that's why the status quo is not acceptab acceptable. i'm sorry. the skinny bill in the senate does not come close to abeeling obamacare. those market reforms that have increased their premiums and nothing we're doing, virtually nothing we're doing in any of these bills and proposals are addressing the challenges, the problems, the damage done to people like sherry and vern. and, so, all we're as
now, the irs isn't real kind about being forgiving about it. in order to pay that $15,000 back because they made too much money, they depleted their 401(k). then they had to sell their home that they intend to live in for the rest of their life so they wouldn't lose their home. i mean, think about that. now, sherry and vern are the forgotten men and women. the same folks bill clinton are talking about, the ones that are busting it. he works 60 or 70 hours a week. sherry works 30 hours a week as...
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Jul 11, 2017
07/17
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FBC
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the irs generally is the case. a mom and pop restaurant in texas gets a little weary.an or democrat issue. you know, they say don't mess with the irs. they could seize your stuff. in fact, they can seize your stuff. usually they have to wait 10 days before they sell it unless it's perishable. so i ask you, wedding dresses, perishable or nonperishable? the irs says they are perishable. the bridle and garland, texas owned by an elderly thai couple that integrated in 1983 had a thriving business down in texas. they got behind on their taxes in the irs showed up one day and said you know what common it isn't worth very much and we think it's perishable. it costs more to store than to say. the irs sold it all in one day in some of the agents bought the cheap dresses, dresses they said were worth about $6000 if they got about 17,000 for it. here is their complaint they are now suing says. the irs used its inventory value of six and a $15,000, they would've had no potential bases to conduct the perishable good t-shirt battle and would be required to connect a normal seizure a
the irs generally is the case. a mom and pop restaurant in texas gets a little weary.an or democrat issue. you know, they say don't mess with the irs. they could seize your stuff. in fact, they can seize your stuff. usually they have to wait 10 days before they sell it unless it's perishable. so i ask you, wedding dresses, perishable or nonperishable? the irs says they are perishable. the bridle and garland, texas owned by an elderly thai couple that integrated in 1983 had a thriving business...
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Jul 30, 2017
07/17
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CNNW
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went after fox and friends because they smeared elijah cummings, the republican from baltimore, from maryland who was a ranking member on irsmember the whole controversy about whether the irs had targeted conservative groups? on fox and friends, on election day, on tax day in 2014, they said explosive new revelation, and they essentially said that cummings fingered this group to the irs, urged the irs to go after them, even though there was evidence that they had been investigating this texas conservative group six months before. and when i wrote about that and when i called fox up, their response was, it's an opinion show. it's not part of our hard journalism lineup. which what is that? breitbart and jeff schmidt. but that's their excuse, that's their response to this, and brian, it isn't, even if you're not doing hard journalism, especially on a news channel, you have a tremendous responsibility because all of the shows help set the parameters of conversation in america, the civic conversation of american life. and when you are as reckless and in some ways, even i would say dishonest as these guys, you're dangerous, and n
went after fox and friends because they smeared elijah cummings, the republican from baltimore, from maryland who was a ranking member on irsmember the whole controversy about whether the irs had targeted conservative groups? on fox and friends, on election day, on tax day in 2014, they said explosive new revelation, and they essentially said that cummings fingered this group to the irs, urged the irs to go after them, even though there was evidence that they had been investigating this texas...
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Jul 11, 2017
07/17
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KTVU
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is facing new charges after his latest delivery to the irs. is finger, a joint calm a and a bullet to an irs officer in utah last year. last week on another package arrived at the same office containing what looked like a bomb. it turned out to be a six inch metal pipe along with a photo of that man and a whistle. now he is facing federal charges for milling a threat to injure someone. he said he should not have to pay taxes because the government has not satisfied -- satisfied his claims as he -- after he was laid off as a government contractor more than 20 years ago. >>> still ahead, police arrested a local tennis coach. coming up, we will tell you what he is accused of doing with his players and this is not his first run-in with the law. >>> new safety concerns surrounding uber. why many drivers should not be behind the wheel. food. water. internet. we need it to live. but what we don't need are surprises, like extra monthly fees. i see you, fee, played by legendary actress anjelica huston. you got me, mark. internet for one everyday simple
is facing new charges after his latest delivery to the irs. is finger, a joint calm a and a bullet to an irs officer in utah last year. last week on another package arrived at the same office containing what looked like a bomb. it turned out to be a six inch metal pipe along with a photo of that man and a whistle. now he is facing federal charges for milling a threat to injure someone. he said he should not have to pay taxes because the government has not satisfied -- satisfied his claims as he...
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Jul 20, 2017
07/17
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premiums are so high that 6.5 million americans chose to pay a fine to the irs instead of buying insurance, the famous mandate. we will pay not to take the insurance. people don't understand that. they don't even understand what it is or what it represents. if obamacare is not repealed in 1300 counties in the united states will have only one insurer. 40 counties will have absolutely no coverage in the exchange. and that number will grow rapidly. i think those numbers are extremely conservative. i think they are very low. monthsbeen here just six . i am ready to act. i have pen in hand. believe me. i am sitting in my office. i have pen in hand. you never had that before. for seven years, you had an easy route. we will repeal. we will replace. and he is never going to sign it. but i am signing it. so it is a little bit different. but i am ready to act him or seven years, you promised the american people that you would repeal obama care. people are hurting. -- inaction is not an option. we think we should leave town unless -- we shouldn't leave town unless we have an insurance plan, less we c
premiums are so high that 6.5 million americans chose to pay a fine to the irs instead of buying insurance, the famous mandate. we will pay not to take the insurance. people don't understand that. they don't even understand what it is or what it represents. if obamacare is not repealed in 1300 counties in the united states will have only one insurer. 40 counties will have absolutely no coverage in the exchange. and that number will grow rapidly. i think those numbers are extremely conservative....
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Jul 23, 2017
07/17
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CSPAN
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the oversight committee held a hearing on the irs data breach where bad actors hacked estelle income information from financial aid applications and used that to file fraudulent tax returns with the irs. all of the agencies before us today collect and retain a wealth of information on individual americans, particularly social security numbers. both on printed forms and electronically and transition. tomorrow the -- it was passed on committee and prohibits agencies from sending social security numbers by mel unless -- mail unless the head of the agency deems it necessary. there are records on pretty much everybody, living and dead, a treasure trove of information that must be protected. they have held wreckers on over 80 million veterans and i can imagine few others as intimate as a health's record. of v.a. uses social security numbers as an identifier. protecting these are critically important but given the numbers are frequently exchange with our most at risk populations, we must take other must for caution -- utmost precaution. one of the recommendations that came out of the commit
the oversight committee held a hearing on the irs data breach where bad actors hacked estelle income information from financial aid applications and used that to file fraudulent tax returns with the irs. all of the agencies before us today collect and retain a wealth of information on individual americans, particularly social security numbers. both on printed forms and electronically and transition. tomorrow the -- it was passed on committee and prohibits agencies from sending social security...
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Jul 31, 2017
07/17
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KGO
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situation with the irs. it. now, if you want to report it, i want you to go to my website and i'll list all the information you need. it will be irs.gov and some other resources as well. >> okay. jimmy asks, my trash bin in alameda county went missing. they said they would give one free replacement, but said i had to pay for it next time. can they do that? >> absolutely. otherwise people would be taking one of those a week. and selling them at a flea market or something. so here's the deal. almost all of the companies in the bay area will replace one trash bin in a 12-month period. in alameda, that's exactly what they'll do for you there. other than that, you'll have to pay for it. but it probably won't be sold again. >> is there a hot market for trash bins? >> there would be if they were going to give you a free one. >> probably. >> if you have a question, i want you to record a 10 to 15-second-long video and share it on social media using the #ask finney. and you can also reach me through facebook and abc7n
situation with the irs. it. now, if you want to report it, i want you to go to my website and i'll list all the information you need. it will be irs.gov and some other resources as well. >> okay. jimmy asks, my trash bin in alameda county went missing. they said they would give one free replacement, but said i had to pay for it next time. can they do that? >> absolutely. otherwise people would be taking one of those a week. and selling them at a flea market or something. so here's...
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Jul 10, 2017
07/17
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CSPAN
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eye 69
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he has actually had to deal with the people at the irs. roy ramthun: they are nice people. thomas miller: once they leave the job, i'm sure they are nice people. the extreme version of this is the aflac commercial. but eventually, people say, what is the money going for? so we backed off on that with paperwork nuisance and maybe once upon a time or sunday in the future, they may ask you to say, do you have evidence for this? the generally speaking there isn't a lot of backup as to how people use the account. so if we expand the parameters further, do we think people should say, they get a certain amount of money and i hope they do good with it as we are not tracking it carefully and let's cut out the nonsense? or the other argument is, are you safeguarding the taxpayers money? it is a real challenge. people who have celiac disease probably are going to be much more successful at getting gluten-free diets and the things that they have to eat in order to maintain their health before somebody like me, who has a shellfish allergy and i'm looking for a subsidy for state. probably
he has actually had to deal with the people at the irs. roy ramthun: they are nice people. thomas miller: once they leave the job, i'm sure they are nice people. the extreme version of this is the aflac commercial. but eventually, people say, what is the money going for? so we backed off on that with paperwork nuisance and maybe once upon a time or sunday in the future, they may ask you to say, do you have evidence for this? the generally speaking there isn't a lot of backup as to how people...
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Jul 14, 2017
07/17
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KNTV
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he concealed millions from the irs. not guilty. >>> organizers of the women's march on washington are planning a 17-mile trek to the justice department in washington, d.c. to protest the acquittal of the police officer involved in the shooting death of cast see ya. >>> jeff sessions confirmation hearing is scheduled to be sentenced. desiree could face of and this could be the last best chance for republicans to get significant health care reform passed. n. >> two gop senators have already said they won't vote for it. >> this bill does not repeal obamacare. >> senate majority lead are mitch mcconnell has to convince every remaining senator to vote or it will fail. the new bill includes $45 billion to help with the opioid epidemic and it keeps some of obamacare's taxes on wealthy america americans. >> everybody is looking for an idea that is more republican and does not run into the concept you're taking money from poor people to give it to rich people. >> reporter: but the bill doesn't address the deep medicaid cuts. >> i
he concealed millions from the irs. not guilty. >>> organizers of the women's march on washington are planning a 17-mile trek to the justice department in washington, d.c. to protest the acquittal of the police officer involved in the shooting death of cast see ya. >>> jeff sessions confirmation hearing is scheduled to be sentenced. desiree could face of and this could be the last best chance for republicans to get significant health care reform passed. n. >> two gop...
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Jul 20, 2017
07/17
by
CSPAN3
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in 1986 the irs code with state-of-the-art. other countries admired what we had done. we had a broad base, low rates and they went to school on what congress had enacted in 1986 and they have broadened their bases and lowered their rates and they went a step further. in 1986, a worldwide system of taxation was state-of-the-art. today it's a territorial system is what most of our partners have move too. with a worldwide system, u.s. systems are at a competitive disadvantage as. their strengths and weaknesses of any systems whether it's territorial or worldwide, but the fact of the matter is we are out of step with the rest of the international community. if we don't move to a similar system, i think we will be at a competitive disadvantage. >> thank you. again i appreciate your background and know that a less burdensome tax code will help businesses and individuals to prosper. it is a thrill to have somebody that has hands-on accounting experience, and i appreciate you making it through the tough stuff that you have to go through, but i look forward to working with you.
in 1986 the irs code with state-of-the-art. other countries admired what we had done. we had a broad base, low rates and they went to school on what congress had enacted in 1986 and they have broadened their bases and lowered their rates and they went a step further. in 1986, a worldwide system of taxation was state-of-the-art. today it's a territorial system is what most of our partners have move too. with a worldwide system, u.s. systems are at a competitive disadvantage as. their strengths...
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Jul 30, 2017
07/17
by
FOXNEWSW
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coverage the release they need, 6 and a half million who were willing to fork over money, $3 billion to the irs rather than get simple obamacare coverage -- chris: kellyanne, you have to allow me to ask some questions here. i want to ask you about one more question on the administration and then we will move onto health care. this week the president continued to attack his attorney general jeff sessions and when he was asked whether or not he's going to keep sessions in his job or fire him, here was his answer. >> i'm very disappointed with the attorney general but we will see what happens. time will tell. time will tell. chris: does the president want sessions to continue as attorney general or as suggesting considering moving over to replace general kelly as secretary of homeland security? >> again, that's a personnel question that only the president can answer. so just on friday you had thursday and friday you had attorney general sessions in el salvador and you hat president trump in long island both working toward the same goal which is to stop the viled groups, ms13 gang who is are murder
coverage the release they need, 6 and a half million who were willing to fork over money, $3 billion to the irs rather than get simple obamacare coverage -- chris: kellyanne, you have to allow me to ask some questions here. i want to ask you about one more question on the administration and then we will move onto health care. this week the president continued to attack his attorney general jeff sessions and when he was asked whether or not he's going to keep sessions in his job or fire him,...
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Jul 26, 2017
07/17
by
CNBC
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more americans interact with the irs than any other federal agency and i want to make sure that weave good levels of swabt service that when folks call in to an irs hotline or seek advice from an irs tax adviser they're able to get a response second, the president's budget proposed eliminating something cdfis that have broad bipartisan support. and i expect you'll see both the chair and i asking questions about why not have community development financed institutions because they've really helped lead local economic development last, something that i degree on with the secretary, is the importance of terrorism financing. the administration's asking for more investment in the unit in treasury that investigates sanctions violations, whether by iran or russia or north korea and i think they need more resources, and they want to focus more on some of the challenges we have in the middle east in terms of terrorism financing. a key topic will also be the debt ceiling secretary mnuchin has called for a clean debt ceiling raise since the republicans control the house and the senate it's my
more americans interact with the irs than any other federal agency and i want to make sure that weave good levels of swabt service that when folks call in to an irs hotline or seek advice from an irs tax adviser they're able to get a response second, the president's budget proposed eliminating something cdfis that have broad bipartisan support. and i expect you'll see both the chair and i asking questions about why not have community development financed institutions because they've really...
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Jul 24, 2017
07/17
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MSNBCW
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if the irs has not referred the matter over to the department of justice, along with the tax returns,ent can seek the tax returns through what we have referred to inside the department as a pinnacle request. it means that you go to the highest level of the department, either the attorney general, deputy attorney general, or assistant attorney general, and they make a request. but this is an extremely extraordinary step to take. >> did you ever see it happen? >> no, not during my tenure and i'm not aware of one being issued. >> a tax prosecutor that knows this area, thank you very much. >> thank you. >>> we're going to turn back to the white house. we've been talking about jared kushner's very public moment in the first six months of the trump administration when he spoke outside the white house, after leaving an interview that he said was voluntary to clear the air about any questions about russia before the senate intelligence committee. how did his performance go over in the building behind him? was the president watching and what does he think? i'm very happy to say deputy assistan
if the irs has not referred the matter over to the department of justice, along with the tax returns,ent can seek the tax returns through what we have referred to inside the department as a pinnacle request. it means that you go to the highest level of the department, either the attorney general, deputy attorney general, or assistant attorney general, and they make a request. but this is an extremely extraordinary step to take. >> did you ever see it happen? >> no, not during my...
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Jul 15, 2017
07/17
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FOXNEWSW
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million over his career but apparently he has some money problems so much so that he is $22 million to the irsve this guy and how he lost a billion dollars in the ring. what has been going on with johnny depp and spending a lot more money than a lot of the money he was making. i wish i have this problem. i can understand that. you have to do it right from the onset kennedy the bottom line is it's very easy to see how this happens. one of my old bosses once says they have bigger bills. ben stein is so chivalrous. his cannot pay which they are not reporting right now. he filed some fancy pants. what he is known for and so he gets to do for that bill until after the fight. it happens to the richest among us. they are focused on their careers and being celebrities. one of my divisions is sports and entertainment. the biggest problem is signing anybody on when i say the words we want you saving money and not spending like crazy. these people think their omnipotent and this is not the first person. at then going back many years. it's bad management and bad spending. it is incredibly impossible. they
million over his career but apparently he has some money problems so much so that he is $22 million to the irsve this guy and how he lost a billion dollars in the ring. what has been going on with johnny depp and spending a lot more money than a lot of the money he was making. i wish i have this problem. i can understand that. you have to do it right from the onset kennedy the bottom line is it's very easy to see how this happens. one of my old bosses once says they have bigger bills. ben stein...
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Jul 18, 2017
07/17
by
CNNW
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the irs, fbi and the federal attorney's office not only led to sentencing for hastert but that the pastlt this was a success in the sense of letting the world know what happened. >> reporter: he was caught because the powerful politician who became a lobbyist had privately agreed to give millions in hush money to a man known only as individual a. >> he ended up going the cash route and taking it out many, many times, even to the point where they were making exchanges in a parking lot. >> reporter: according to the irs investigators, hastert regularly withdrew just under $10,000 in cash to give to his former student. the continued abhorrence to this financial cap was a crime that raised suspicion at the highest level. >> hob yobviously there is conc for him. there is concern for a country that could be compromised. >> we had to ask him. that was our last effort to find out why. >> agents invited him into their home and promptly asked for an explanation. >> he said he didn't trust banks and then ultimately it was revealed that he was claiming to be extorted by individuals. >> reporter: ha
the irs, fbi and the federal attorney's office not only led to sentencing for hastert but that the pastlt this was a success in the sense of letting the world know what happened. >> reporter: he was caught because the powerful politician who became a lobbyist had privately agreed to give millions in hush money to a man known only as individual a. >> he ended up going the cash route and taking it out many, many times, even to the point where they were making exchanges in a parking...
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Jul 14, 2017
07/17
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CSPAN3
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i want to go back to roy because roy actually had to deal with people at the irs. they're difficult. >> they're nice people. >> that's right. once they leave the job, they have neighbors and families and i'm sure they're very nice people, but it is a different role. so, you know, the extreme version of this is the old aflac commercial, yoga berra, you can give them cash as good as money, but eventually people say that money going fort. so we're at substantiation. we backed off on that, all of this nuisance paperwork and maybe some day in the future they will ask you to say, do you have evidence of this. generally speaking there's not a lot of backup for how people use the account. if we expand the parameters further, should we just say, h e think these people should get a certain amount of money, and i hope they do some good with it because we're not really tracking it," or you're safe guarding the taxpayers money to use for other programs? >> it is a real challenge. those with siciliac disease are going to be much more successful in getting a gluten-free diet and t
i want to go back to roy because roy actually had to deal with people at the irs. they're difficult. >> they're nice people. >> that's right. once they leave the job, they have neighbors and families and i'm sure they're very nice people, but it is a different role. so, you know, the extreme version of this is the old aflac commercial, yoga berra, you can give them cash as good as money, but eventually people say that money going fort. so we're at substantiation. we backed off on...
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Jul 10, 2017
07/17
by
FBC
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a mom-and-pop store, dress store actually, closed down by the irs. we'll bring you the details what some people think is an outrage. >>> treasury secretary mnuchin says we will get tax reform by the end this year. newt gingrich says, we need it now. the republican majority depends on it. he joins us in our next hour. and yes, we'll be back. with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. it's unique micro-clean formula kills 99.99% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. polident. cleaner, fresher, brighter every day. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't rais
a mom-and-pop store, dress store actually, closed down by the irs. we'll bring you the details what some people think is an outrage. >>> treasury secretary mnuchin says we will get tax reform by the end this year. newt gingrich says, we need it now. the republican majority depends on it. he joins us in our next hour. and yes, we'll be back. with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times...
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0.0
Jul 29, 2017
07/17
by
FOXNEWSW
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constituents why six and a half million americans decided to fork over $3 billion in taxes and penalties to the irsher than get basic obamacare coverage. why if obamacare is not repealed and replaced something better that by next year we will have over 1300 counties with one choice, which is no choice at all. and so i think the president is expressing the frustration of many americans who are giving the congress and the mainstream media very low approval ratings. far below the president wants approval rating by the way. because they see the process playing out. and they say do your job. this man has been there six short months. do your job. i know the president is -- we're not talking about politics and campaigns at all. but to the extent that he is allowed to go out there next year, he will be out there on getting us closer to those 60 senate seats. abby: you are right. mid terms will come up quickly. around the corner. if they were held today, i think it would be quite troubling for any of those republicans to win re-election based off where they stand right now and the failures with healthcare t
constituents why six and a half million americans decided to fork over $3 billion in taxes and penalties to the irsher than get basic obamacare coverage. why if obamacare is not repealed and replaced something better that by next year we will have over 1300 counties with one choice, which is no choice at all. and so i think the president is expressing the frustration of many americans who are giving the congress and the mainstream media very low approval ratings. far below the president wants...
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Jul 10, 2017
07/17
by
FBC
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a dallas couple suing the irs, unpaid taxes and hours later, it was out of business after serving customersshop's entire invent other of wedding gowns and dresses and sowing machines sold at auction, $17,000, not enough to cover the roughly $31,000 in alleged tax debt. let's show you stock market activity this monday morning. we had a winning week last week after the strong job's report but look at this, dow futures are down just a point. they've been relatively unchanged the entire show. cheryl: everybody is coming back today. health care will be the major topic. will thissedly jeopardize tax reform? let's bring boyd, president of the southernland institute, good morning. >> good morning, which i recall. cheryl: is tax reform in jeopardy? >> it is from the standpoint of the senate leadership has got to get its act together. mitch mcconnell is not leading the senate through these kinds of critical issues and so he's got to pivot and they have to get to tax reform because all of this leads to one of the important things of the administration, if they're going to win, if they're going to keep
a dallas couple suing the irs, unpaid taxes and hours later, it was out of business after serving customersshop's entire invent other of wedding gowns and dresses and sowing machines sold at auction, $17,000, not enough to cover the roughly $31,000 in alleged tax debt. let's show you stock market activity this monday morning. we had a winning week last week after the strong job's report but look at this, dow futures are down just a point. they've been relatively unchanged the entire show....
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Jul 26, 2017
07/17
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KPIX
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. >>> the irs says fewer tax refunds are being stolen by identity thieves. ency says the number of victims was cut in half last year. identity thieves steal people's private information and use it to file fraudulent tax returns in their names. >>> the irs has been working closely with tax preparers to fight the problem. >>> apple is promising to build three manufacturing plants in the u.s. according to president trump. in an interview with the "wall street journal," the president didn't say where they would be or what they would produce and apple hasn't confirmed it. >>> the organic consumers association says the chemical used to kill weeds has been detected in ben & jerry's ice cream. a spokesman for the ice cream maker told the "new york times," none of its plant-based ingredients include anything that's genetically modified and herbicide traces likely come from added ingredients like peanut butter and cookie doving. the company says it's looking -- cooking can dough. the company says it's looking into its supply chain. but the amounts found are less than d
. >>> the irs says fewer tax refunds are being stolen by identity thieves. ency says the number of victims was cut in half last year. identity thieves steal people's private information and use it to file fraudulent tax returns in their names. >>> the irs has been working closely with tax preparers to fight the problem. >>> apple is promising to build three manufacturing plants in the u.s. according to president trump. in an interview with the "wall street...