Latest Revenue Ruling Stories

2009-03-31 19:29:09

An Internal Revenue Service official has pleaded guilty to filing a false tax return, U.S. officials said Tuesday. Jim Liu of Diamond Bar, Calif., has pleaded guilty to filing a tax return in 2002 that claimed he suffered a loss on a real estate transaction when in fact he made a profit, a government statement said. He faces up to three years in federal prison. Liu is an IRS revenue agent and conducts audits of taxpayers. The statement said Liu sold property in Pomona, Calif., for a profit of...

Word of the Day
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'