A huge chunk of your tax dollars every year goes straight into the pockets of crooks. Nearly one in three earned income credits (EIC) is fraudulent. And the numbers keep getting bigger every year according to the Government Accountability Office.Please consider GAO: Feds Made Nearly $1 Trillion in Overpayments Since Fiscal 2003. Show More Summary
Attention Maryland residents. If you paid taxes to another state between 2011 and 2014 and were denied a tax credit for your county piggyback taxes against the out-of-state payments, the Old Line State is now handing back the money you're due. Show More Summary
The eligibility stems from a Supreme Court ruling in a case involving double taxation.
The United States District Court for the District of Columbia recently addressed two interesting tax issues. First, whether the agency-discretion exception to judicial review applies in tax refunds case that are not brought under the Administrative Procedure Act. Second, whether the Secretary's denial of “discretionary benefits” under the U.S.-Swiss Tax Treaty [...]
Today, U.S. District Court Judge Kristi K. DuBose sentenced Keisha Lanier, the ringleader in the scheme, to serve 15 years in prison. Last month, Judge DuBose imposed lengthy sentences for eight defendants nabbed in the scheme, ranging from two years probation to 159 months in prison.
Vee made a small purchase from the cosmetics store Ulta, and needed to return it. That happens. Where things got confusing, though, is that she didn’t receive a refund of the sales tax she had paid. When she questioned this, a store representative’s response was that “the website does not state that we do not give the taxes back when …
JUST LIKE LAST TIME, OBAMA WILL ABUSE HIS POWER TO MAXIMIZE THE PAIN ON ORDINARY AMERICANS: If the government shuts, don’t plan on visiting Yellowstone, financing your home or getting your tax refund. The real problem with a government shutdown? It doesn’t actually shut down. There are just random service interruptions in support of political […]
Old Faithful would erupt with no one watching, because Yellowstone National Park and 407 others would close to the public. Homebuyers would find their mortgage applications stalled because the offices they need to approve paperwork for loans would be shuttered. And the Centers for Disease Control and Prevention would have to stop monitoring the spread […]
We got a $147.26 check today from a neighborhood medical clinic. It was a refund for treatment the hubby got when he had a kidney stone. I'm always happy to cash any check. But this one is a perfect example of what's wrong with the medical industry. Show More Summary
The hearing originally announced by Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) to mark up an original bipartisan bill to curb identity theft and tax refund fraud on today, Wednesday, September 16, has been postponed.
The Senate Finance Committee holds an Open Executive Session today at 10:00 EST to consider an Original Bill to Prevent Identity Theft and Tax Refund Fraud. Among the bill's twenty provisions is a grant of authority to the Treasury Department and the IRS authority to regulate paid tax return preparers...
Coming in as a good news for the large number of tax paying populous in the country, the Income Tax Department will now be sending across refunds in just about 7-10 days. This move follows what we have lately seen, as to how the useShow More Summary
Colorado has such a surplus of tax revenue after legalizing recreational marijuana that the state faced potentially having to pay some of that money back to the taxpayers thanks to their Taxpayer Bill of Rights (TABOR). According to The Cannabist, in order to comply with “the requirement that the taxes revert to zero, lawmakers settled... Show More Summary
No, Colorado’s marijuana taxes aren’t doing so amazingly that they have too much money. In fact, Colorado’s marijuana taxes brought in only $58 million of the projected $70 million. But a number of complicated refund mechanisms are gearing up because state revenues and spending as a whole overshot estimates. Show More Summary
Code §6511(d)(3)(A) provides that if the claim for credit or refund relates to an overpayment attributable to any taxes paid or accrued to any foreign country for which credit is allowed under Code §901, in lieu of the 3-year period...
What if you’re waiting for a $5.22 million tax refund?
By Alexandra Alper MEXICO CITY (Reuters) - Mexico's government withheld hundreds of millions of dollars in tax refunds owed to Procter & Gamble, Unilever, and Colgate combined as it sought to coax them and other multinationals to pay more income tax locally, according to people close to the talks. Show More Summary
A federal judge cited John Oliver in her ruling against Guam in a tax refund case. Ninth Circuit Judge Marsha S. Berzon included a footnote that cited a segment on U.S. territories from Oliver’s HBO program, reported the blog Above The Law. The segment, which aired in March, addressed the...
May I have another Danish? It’s a lot less fun to be a Dane than it might have been 1,000 […]
Tax authorities in Denmark have admitted paying out almost a billion dollars in fake tax refunds to people living outside the country according to the state prosecutor’s office.