Harry Reid announced he will retire; he looks forward to spending more time with his family in an armchair, staring blankly ahead and crushing walnuts with his bare hands. Dick Durbin agreed to support Chuck Schumer as Democratic leader, likely on the condition that a Schumwich never appear in the U.S. Show More Summary
Even with years of experience, the process of reviewing your records and filing your tax return can be stressful. With the April 15 tax deadline getting close, consider trying these five strategies that may help you lower your 2014 taxes, enhance your retirement readiness and help you get more organized for 2015. 1. Show More Summary
During the tail end of an interview in July 2012, then-Senate Majority Leader Harry Reid was asked about Mitt Romney’s reluctance to release his tax returns. The question was whether, in some hypothetical universe, the Senate would confirm a nominee without further disclosure of his personal finances. Show More Summary
fStop/Getty Images By Kira Brecht It's not just credit and debit cards that cyber hackers are after these days. Criminals are also using stolen personal information to file fraudulent tax returns and receive tax refunds. Tax fraud has increased substantially in recent years, according to Federal Trade Commission identity theft data. Show More Summary
April 15 is rapidly approaching, and you know you have to file a tax return, but does your teen have to?
Last year, the IRS audited about 1.1 million tax returns from those earning under $200,000 a year and some 34,000 returns of those earning above $1 million per year. According to IRS Commissioner John Koskinen, this year the IRS will... The post How to Be Free of Fear of Tax Audits appeared first on.
Sometimes you can return money and pretend you never got it. Sometimes you can unwind a transaction and not report it as income on your tax return. Why might you do this and why is it so important that the IRS allows it?
Darrin T. Mish: Hello, my name is Darren T. Mish. I’m a tax attorney with an international tax practice based in Tampa, Florida. Almost every day, on our website and on our blog, we get emails from people relating their... The post Someone else claimed their baby on their tax return appeared first on.
Mortgage Fraud Blog. William David Green, Yukon, Oklahoma, was sentenced to serve 24 months in federal prison for preparing a false tax return for a client. Green was also ordered to pay $171,362.00 in restitution and serve one year of supervised release upon his release from prison. Show More Summary
Tax season sucks. We empathize with you Despite its importance, filling out tax returns seems to be the last bullet point on everyone’s list of priorities year after year. Who actually enjoys calculating how much of their hard-earned...Show More Summary
Forbes, Report Says Former IRS Employees -- Think Lois Lerner -- Can Still Peruse Your Tax Returns, by Robert W. Wood: Could Lois Lerner still take a look at your tax returns on IRS computers? It sounds preposterous, but a new watchdog report says former IRS employees still have access...
Obamacare is five years old and the penalties are just beginning. Those who have not obtained "qualified" coverage (or an exemption) will be hit with a penalty when they file their 2014 income tax return. Learn everything you need to know about this part of the health-care law in this article.
Here are four reasons you might be forking over too much to Uncle Sam on your tax returns this year
Government reports say IRS security is lax, with outdated equipment and poor administration. Former IRS employees aren't even cut off.
Every year around this time, millions of Americans are focused on filing their tax returns. For those who haven't filed before, the process and forms can seem daunting. Even for those of us who have been filing for years, the topic of taxes can cause anxiety. Show More Summary
When you are buying a home and taking out a mortgage, your lender will need to see your most recent tax returns and in some cases, the prior year’s return too. After your loan has begun being processed the lender will request your tax transcripts straight from the IRS. Show More Summary
Theoretically, everyone wants the Internal Revenue Service to do whatever it takes to stop identity theft tax fraud. But when the theoretical becomes practical, it's harder to be jazzed about IRS efforts to combat fraud. That's the case for folks who are part of the agency's channeling of The Who. Show More Summary
Every American worries about the security of their tax return data, especially with this year's refund fraud and identity thefts. A new report says IRS security is worse than you thought.
Most people have less than a 1% chance of having their income tax return of experiencing an audit.
After the IRS decision to allow gay and lesbian married couples to file joint federal tax returns, we noted that a number of states would have to provide guidance because they require two contradictory things: (1) if you file a joint federal return, you must file a joint state return, and (2) same-sex married couples cannot file jointly. Show More Summary