For all the talk of political gridlock, it is amazing how quickly a state legislature can act when $1 billion in unexpected corporate tax refunds are at stake. The lawmakers are in Michigan. And their pistons were fired up following an unfavorable state Supreme Court decision in a lawsuit brought by IBM. Show More Summary
Even though tax time is months away, you can get a good idea of what to expect right now.
Tax fraud never stops, but Uncle Sam and other government officials are doing decent jobs of stopping, or at least catching, tax refund crooks. A Cobb County, Georgia, grand jury on Aug. 28 indicted four people in what officials describe as massive tax fraud scheme. Show More Summary
First there Was 'IRS Employees Gone Wild.' Now, an IRS Employee Stands Accused of a Tax Refund Scam Where He Shared Client Refunds.
Make the most of your income tax refund, as it can do a lot of good.
WASHINGTON (AP) — The federal agency that had trouble launching a health insurance website last fall has a massive new project. Any glitches on this one could delay tax refunds for many Americans.
Obamacare is going to be an unexpected headache for some people when tax time rolls around next year. As the Associated Press reported this week, income changes over the course of the year could end up chewing into tax refunds without...Show More Summary
Just over a year after the IRS instituted measures meant to curb taxpayer related fraud, they're changing the rules again. In addition to new rules about how the IRS will manage direct deposits for tax refunds, the IRS has imposed new...Show More Summary
If your income has jumped since you applied for insurance under the health care law, you could be in for an unwelcome surprise on tax day next year
Millions of Obamacare patients receiving taxpayer-funded subsidies are in jeopardy of having the Internal Revenue Service (IRS) seize portions of their tax refunds due to unreported rises in personal income. "More than a third of tax...Show More Summary
H&R Cell Block? Some Tax Return Refund Scams Are Run From Prison, Embarrassing For the IRS and Prison Authorities.
Experts are projecting that perhaps as many as 2.3 million households "that received tax credits to help pay for their health insurance under Obamacare will lose all or a portion of their expected 2014 tax refunds." If their actual 2014...Show More Summary
WASHINGTON (AP) — Taxes? Who wants to think about taxes around Labor Day?
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...