If you got a government subsidy to help pay your premium, you'll need to file a new tax form, which may not be finalized yet
Giving or receiving, taxes can apply, so better get out that calculator this Christmas. The IRS could be watching....
Don't wait until the last minute to give yourself the gift of keeping more money in your pocket or increasing your refund. Even this late in the year, the ideas in this blog can help you make the most of your tax situation. Most of these...Show More Summary
With the budget signed into law and tax extenders very nearly signed into law, how will tax season be affected? IRS Commissioner John Koskinen has some answers - and it's not all good news.
Make it hurt.
If you're expecting a big tax refund check from Uncle Sam, you're doing it wrong.
Before you go out and splurge with your 2015 tax refund, here are some alternatives to consider.
In the end-of-the-year congressional scramble, lawmakers scuttled an effort to permanently extend a number of tax breaks—largely because many feared it would open the door to widespread use of refundable tax credits by undocumented immigrants...Show More Summary
In the end-of-the-year congressional scramble, lawmakers scuttled an effort to permanently extend a number of tax breaks—largely because many feared it would open the door to widespread use of refundable tax credits by undocumented immigrants covered by President Obama’s recent executive order. But is their concern justified? Three sets of rules related to residency and […]
Even as the Treasury Department's Inspector General noted a significant overpayment rate in the refundable part of the Child Tax Credit (CTC) this week, lawmakers chose -- in the pending 2015 government funding agreement -- to weaken...Show More Summary
The Treasury Inspector General for Tax Administration (TIGTA) this week released yet another report on the issue of improper payments in refundable tax credits. Improper payments are any sort of payment made by the IRS in error – whether from an honest mistake or from deliberate fraud by the tax filer. Show More Summary
The Treasury Inspector General for Tax Administration yesterday released Existing Compliance Processes Will Not Reduce the Billions of Dollars in Improper Earned Income Tax Credit and Additional Child Tax Credit Payments (2014-40-093): The Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) are refundable credits designed to help...
Wonder why your state tax refund never came this year? Well, it may have gone to a different address.
A government report says the IRS is paying millions in fraudulent tax refunds to prison inmates and has failed to take steps to stop the bleeding. With this and those emails, who's running the IRS?
The Treasury Inspector General for Tax Administration today released Prisoner Tax Refund Fraud: Delays Continue in Completing Agreements to Share Information With Prisons, and Reports to Congress Are Not Timely or Complete (2014-40-091): Refund fraud associated with prisoner Social Security Numbers remains a significant problem for tax administration. The number...
Prisoners who made bogus tax refund claims were paid $70 million in 2012, the IRS inspector general revealed today. The Washington Times reports that the 2012 figure is down from the $156 million paid out in 2011, though the IRS has yet to take enough steps to combat the fraud. Show More Summary
Darren Brode / Shutterstock.com How does a company like Ford, which did $139.4 billion in business last year, qualify for a tax refund? In an effort to highlight the inequities of the corporate tax code, the Center for Effective Government...Show More Summary
The initial budget for our short was $3500. In January, I projected that my husband and I were due for a $3500 tax refund, and I asked him, “Hey, can I have that to make a movie?” He said “Sure!” I was sitting on a short script that felt like the best writing I’d ever […]
Tax refunds could be delayed If you're expecting a tax refund next year, you may have to wait, said Laura Saunders at The Wall Street Journal. Internal Revenue Service Commissioner John Koskinen suggested last week that next year's tax...Show More Summary
PHOENIX (AP) — Armando Gutierrez was headed to Las Vegas with cash from his 2011 tax refund when he and his friends were pulled over by a sheriff's deputy.