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Federal Government
House Committee Passes Bill To Prevent Federal Agencies From Hiring People Who Owe Back Taxes PDF Print E-mail
Federal Government
By Administrator   
Thursday, 26 March 2015 04:53

RALEIGH, (SGRToday.com) - Fed up with the continuing problem of federal employees who owe back taxes, the House Oversight and Government Reform Committee on Wednesday passed a bill to try and curb the problem.

The Federal Employee Tax Accountability Act of 2015 requires federal job applicants to prove they don't owe back taxes to the federal government. It goes a step further as well, giving agencies the ability to terminate current employees who haven't paid Uncle Sam.

IRS data shows that $3.54 billion is owed in back taxes by more than 100,000 men and women employed in the federal workforce.

The amount has grown over the past year by $2.3 million.

 
OMB To Agencies: Reduce Your Bricks and Mortar Property Footprint PDF Print E-mail
Federal Government
By Administrator   
Wednesday, 25 March 2015 05:24

RALEIGH, (SGRToday.com) - Do your job more efficiently now, and make plans to be even more efficient with your footprint in the future. That's the message from an Office and Management and Budget memo that is expected to be released today, according to FederalNewsRadio.com.

Today's expected communication is a follow-up to the effort by the federal government to reduce the amount of real property used by the government and, thus, reduce costs. The "Freeze the Footprint" policy began in 2013.

The agencies will be told to develop a five-year plan to reduce their footprint.

The website reports that, so far, agencies have reduced their footprint by 21 million square feet.

The entire story can be found at federalnewsradio.com.

 
Rep. David Price's Statement On Violence In Tunisia PDF Print E-mail
Federal Government
By Administrator   
Tuesday, 24 March 2015 07:36

RALEIGH, (SGRToday.com) - North Carolina 4th District Congressman David Price, co-chair of the bipartisan House Democracy Partnership, released the following statement on the violence in Tunisia. The Partnership provides parliamentary assistance and training for lawmakers in developing democracies, including Tunisia.The statement was released on March 18.

"I am disturbed and saddened by the violence in Tunisia today. This act of terrorism was clearly intended to threaten the peace and stability that have made Tunisia the greatest success story of the Arab Spring to date. I was privileged to witness firsthand the successful presidential elections last year as an international election observer, and I know that the Tunisian people are rightly proud of the robust young democracy they have created. The United States and the international community must stand by the Tunisians as they work to overcome this senseless violence and continue to build on the promise of the Arab Spring."

 
IRS: Interest Rates Remain the Same for the Second Quarter 2015 PDF Print E-mail
Federal Government
By Administrator   
Friday, 20 March 2015 05:51

RALEIGH, (SGRToday.com) -  The Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning April 1, 2015.  The rates will be:

** three (3) percent for overpayments [two (2) percent in the case of a corporation]
    
** one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000

** three (3) percent for underpayments

** five (5) percent for large corporate underpayments.

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis.  For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

 
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