China will expand a scheme to speed up tax refunds for companies that export via a Shanghai port, the government said on Thursday, as it looks to boost the city's
Each year, millions of dollars in bogus tax refunds are pocketed by criminals. The IRS has ramped up investigations into stolen identity tax refund fraud but they're also changing the way that they handle refunds. Starting in 2015, there are new limits on the ability to receive refunds by direct deposit or prepaid debit cards.
A 29 year old New Jersey woman today pleaded guilty for her part in a scheme to steal nearly $65 million in bogus tax refunds. Elian Matlovsky admitted her part in a scheme that used stolen Social Security numbers and purchased mail routes to defraud the U.S. government.
Victims of the 9/11 attacks and their families are entitled to big tax breaks, but many are missing out because the IRS isn’t telling them about the benefit.
By Egon Zee Research: After reducing adjusted operating expenses by 57% year over year and 13% quarter over quarter, BlackBerry (NASDAQ:BBRY) is focusing on revenue growth. The non-recurring events like real estate sales, tax refunds,...Show More Summary
It’s that time of year: the National Taxpayer Advocate, Nina Olson, has submitted her mid-year report to the House Committee on Ways and Means and the Senate Committee on Finance. The Taxpayer Advocate is required by statute to submit two reports each year. Those reports are submitted directly to Congress without any prior review or [...]
The Treasury Inspector General for Tax Administration yesterday released Amended Tax Return Filing and Processing Needs to Be Modernized to Reduce Erroneous Refunds, Processing Costs, and Taxpayer Burden (2014-40-028): The IRS received more than 4 million amended tax returns in Fiscal Year 2012. This audit was initiated because previous TIGTA...
So the taxpayer wants a tax refund. He calls an IRS agent, who says she will look into it and […]
Sometimes, people say to me, quite excitedly, “The IRS Gave Me a Refund,” or “The IRS Is Giving Me a Refund.” Closely related to the “I’m Getting a Refund and Not Paying Tax” myth, this myth reflects two misperceptions. In some instances a refund, or a portion of a refund, arises from a refundable credit. Show More Summary
Though I haven’t kept a count, I know that there have been dozens of times when someone would tell me that because they were getting a tax refund they weren’t paying tax. More than a few students entered my basic federal income tax course...Show More Summary
Fraudsters are sending scam emails claiming residents are eligible to a refund on their council tax. The emails that are being sent from email@example.com offer a refund on your council tax and claim to be from local government. They ask for confidential bank and credit card details and passwords in order to process the refund. Councils […]
Around tax time, a few readers told us they would be spending their refunds on a new pet. I scoffed a bit, wondering if these people knew what they were really getting into and how much a pet really costs. In a totally realistic twist,...Show More Summary
Millions of taxpayers trust that the Internal Revenue Service (IRS) will process their annual tax returns and pay refunds where due. They don’t expect to have their identities or their refund checks stolen by government employees working on the inside. An article published in the Atlanta Business Chronicle details the story of one IRS employee,...
Zambia was withholding $600 million (R6.3 billion) in VAT refunds owed to copper mining companies and would repay it only when they produced import certificates from destination countries, Mining Minister Christopher Yaluma said yesterday. Show More Summary
Two Central Texas men have been indicted on charges of attempting to aid terrorist groups. One of them allegedly was going to accomplish that goal thanks to his $5,000 federal tax refund. Michael Todd Wolfe of Austin and Rahatul Ashikim...Show More Summary
Submitting your taxes online is generally the fastest way to get your refund quickly. This year, you’ll be able to choose from two different options: e-tax and MyTax. More »
While the argument is often (incorrectly) made that the actions needed to adequately address greenhouse gas emissions and climate change are too expensive to realistically be taken, the reality appears to be quite a bit different, as study after study seems to show. Show More Summary
And the third part of the "3 L's" program is lemonade stands: A proposed bill passed by a Senate Education Committee on Wednesday suggests collecting money for the fund through individual and business donations, tax refunds and special license plates. Originally introduced by Republican Lt. Show More Summary
Every year I nag preach remind folks about adjusting payroll withholding so that the tax man gets only as much as he should. That advice applies not only to the Internal Revenue Service, but state tax collectors, too. Just ask around 20,000 Kansas taxpayers who won't get their state refund checks for another couple of weeks. Show More Summary
A new report from the Department of Health and Human Services on Obamacare exchanges suggests that the magnitude of the subsidies (administered through a refundable tax credit) will be larger than previously expected. The Los Angeles...Show More Summary