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IRS caught out by Windows XP support expiry, $30M needed to migrate

04/13, 5:51pm

Migration from Windows XP to Windows 7 delayed by IRS over budget troubles

The Internal Revenue Service (IRS) has paid Microsoft for an extra year of support for Windows XP, it has been revealed. The agency's failure to migrate approximately 58,000 out of 110,000 Windows computers from Windows XP to Windows 7, and though the actual figure being paid is unknown, it is likely to cost the IRS millions of dollars.

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IRS declares Bitcoin, virtual currencies as property for tax purposes

03/25, 4:10pm

Bitcoin miners required to declare earned virtual currency

The Internal Revenue Service has declared that Bitcoin should be classed as property for tax purposes, and not as a currency. The ruling, which clarifies the tax-related standings for its supporters, can be applied to virtual currencies, with the US government agency also stating that owners may need to pay more tax or deduct a loss depending on what happens to the value of the currency as it is owned.

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IRS database leaks tens of thousands of Social Security Numbers

07/08, 3:09pm

Government database taken offline after sensitive data found

The Internal Revenue Service (IRS) has leaked tens of thousands of Social Security Numbers (SSNs). The security failure stems from the government agency failing to adequately redact sensitive details held in a new online database, listing the filings of Section 527 political organizations in what is called a $1.5 trillion non-profit industry.

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IRS mulling taxing employee cellphone usage

06/12, 4:15pm

IRS to tax worker cell use

The Internal Revenue Service (IRS) announced this week it has proposed a rule that would deem 25 percent of an employee's annual company-issued cell phone expenses a taxable benefit, according to a Friday WSJ report. Employees could avoid the tax liability if they showed proof that they used their own cellphones for nonbusiness calls during work hours. The IRS would also set a minimum number of phone minutes dedicated to personal use that would be untaxed.

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