Fiscal year

Obama delays 2012 budget release

Obama delays 2012 budget release

President Barack Obama, who has pledged to tackle long-term U.S. debt and deficit challenges, will delay the delivery of his fiscal year 2012 budget by about a week until after February 14. An administration official said on Monday the delay was due to the long time it took for the U.S. Senate to confirm Jack […]

If you’re rich the IRS is coming to get you

If you’re rich the IRS is coming to get you

The Internal Revenue Service is making it a bit riskier to cheat on your taxes. The tax agency increased the number of returns it audited by nearly 11 percent this year, statistics released Wednesday show. Wealthy taxpayers and big businesses were most likely to be targeted. The IRS also stepped up audits of charities and […]