October 13, 1993 |
After decades of feuding, the Internal Revenue Service has granted the Church of Scientology and more than 150 of its corporate entities tax-exempt status, ruling that they are charitable, religious organizations entitled to be free from federal income taxes. Marty Rathbun, president of one of the Scientology organizations that received the tax exemptions, said the government sent 30 exemption letters to Scientology groups earlier this month.
May 14, 2013 |
WASHINGTON -- The growing scandal at the IRS stemmed from a confused staff and lax oversight, according to an eagerly awaited inspector general's report released Tuesday shortly after federal authorities began a criminal investigation into overzealous scrutiny of conservative groups that had applied for tax exemptions. The improper activities “were not influenced by any individual or organization outside the IRS,” auditors said they were told by IRS officials. Instead, the report painted a picture of an IRS unit based in Cincinnati, the main office for handling tax-exempt organizations, that adopted “inappropriate criteria” for deciding which applications to examine, without any review by senior managers.
CALIFORNIA | LOCAL
March 23, 1995 |
Eager to maintain the city's increasingly tenuous hold on the entertainment industry, the Los Angeles City Council took the first step Wednesday toward offering a major tax concession that could save multimedia companies tens of thousands of dollars. The near-unanimous decision signaled the council's growing wish to be more business-friendly and its sensitivity to the city's slipping profile as the movie and entertainment capital of the world.
January 29, 1992 |
President Bush on Tuesday embraced a range of issues dear to family and children's advocates, including creation of a Commission on America's Urban Families and new tax exemptions for dependent children. In his State of the Union address, Bush said the nation must "strengthen the family--because it is the family that has the greatest bearing on our future."
November 28, 2002
Gov. Gray Davis is one of the most incompetent governors we've had in scores of years and, unfortunately, we are stuck with him for another four years ("Legislators Letting Davis Lead on Budget," Nov. 24). He took a state budget awash in surplus and, with lack of foresight and proven incompetence, reduced the surplus to a $21-billion deficit. And our elected legislators are going to leave it to this same man to solve the problem? How hard will that be for him to accomplish? He'll cut costs by $5 billion and increase taxes and fees by $16 billion.
CALIFORNIA | LOCAL
July 2, 2003 |
The Orange County Board of Supervisors voted Tuesday to give significant tax breaks to developers of low-cost rental housing, an incentive that came under scrutiny because of concerns about the county budget. In an effort to encourage construction of housing for the working poor, Orange County for years has offered to make developers of such projects exempt from property taxes.
CALIFORNIA | LOCAL
May 16, 2000 |
When the Earth was threatened by an asteroid in the movie "Armageddon" a couple of years ago, the U.S. government asked a team of crack oil drillers to plant explosives in the asteroid to knock it off course. When asked what reward the drillers sought for accepting the risky job to save the world, their leader, played by Bruce Willis, made a quick reply: "They don't want to pay taxes again. Ever!"
July 31, 1991 |
Responding to fears that a new newspaper tax could force many small publications in California to fold, the State Board of Equalization found a legal escape hatch Tuesday that could spare most free-circulation newspapers from the additional financial burden. Chairman Brad Sherman, acknowledging that the solution was not the ideal way to administer tax law, suggested that the board make free newspapers eligible for the same tax exemption that now applies to junk mail.
November 8, 2011 |
Top conservatives are suggesting that super-committee Republicans are considering raising revenue by doing away with certain tax loopholes and personal deductions in exchange for keeping individual tax rates at or below the levels enacted during the President George W. Bush era. A GOP congressional aide said such proposals are in the realm of possibility as Republicans continue discussing options for meeting the committee's Thanksgiving deadline of...
March 19, 1995 |
One of the many things no one ever tells you about having kids is that they present some thorny issues at tax return time--especially for two-income households. If you handle these tax issues right you're likely to save hundreds of dollars. If you don't you could get hit with penalties--and pay more tax, too. The issues?