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Tag Archives: IRS

Daily Record investigation: EBDI salaries, staff increased during recession

As the nation headed into its worst recession since the Great Depression, staffing and salaries at East Baltimore Development Inc. skyrocketed between 2005 and 2009, Internal Revenue Service documents show. The pay and benefits at the nonprofit increased by 46 ...

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Deutsche Bank to pay over $550M in fraud probe

NEW YORK — Deutsche Bank admitted criminal wrongdoing and agreed to pay more than $550 million in connection with its participation in tax shelters that enabled the rich to temporarily avoid paying hundreds of millions of dollars in U.S. taxes, ...

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IRS audits jump by 11 percent; wealthiest targeted

WASHINGTON — 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 ...

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Nonprofits enter twilight zone

As many as one in five Maryland nonprofit businesses could be stripped of their tax-exempt status Friday because of filing rules that changed three years ago and caught some of them unawares. The Internal Revenue Service in June listed 6,788 ...

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