Identity theft refund frauds against businesses, partnerships and trusts are rising even as similar scams against average taxpayers decline
The IRS says it is seeing a big drop in the number of tax refunds being stolen by identity thieves after the agency teamed up with tax preparers to fight … Click to Continue »
"This bill is a simple fix to allow same-sex couples to claim the tax refunds they earned but were denied because of who they love."
Sen. Elizabeth Warren and Rep. Richard Neal have proposed letting married same-sex couples file amended returns back to the year of their marriage.
Chris Johnson reports at the Washington Blade: A new bill led by Sen. Elizabeth Warren (D-Mass.) in the U.S. Senate would make gay couples potentially eligible for a refund on their back taxes if they married more than three years before the U.S. Show More Summary
Senator Elizabeth Warren (D-MA) is the lead sponsor of a bill that would give married gay couples a refund on back taxes if they were married three years before SCOTUS struck down the Defense of Marriage Act (DOMA). Writes Chris Johnson...Show More Summary
A new piece of legislation has the potential to bridge a disconnect between social reforms and tax policy. Introduced today by Sen. Elizabeth Warren (D-MA) in the Senate, and by Rep. Richard Neal (D-MA) in the House, the Refund Equality Act would resolve a filing dilemma faced by married same-sex couples. The problem arises from […]
Speaking at the Press Club in Canberra this month, ATO Commissioner Chris Jordan stated that the ATO will be cracking down on illegitimate work-related expenses claimed by individuals this tax season. We’re all aware that tax deductions are the next best thing to not having to pay tax at all – after all, maximising tax […]
A woman was sentenced and a co-defendant pleaded guilty to creating fictitious companies to fraudulently collect income tax refunds. Federal prosecutors say 44-year-old Raquel Odegbaro, of Olathe, was sentenced to … Click to Continu...
Those television court shows would be a steady source of material for MauledAgain if I watched them on a regular basis. But even though I get to see them sporadically, they still provide an occasional tax-related dispute. Among the posts...Show More Summary
Authored by Andrew Zaitlin via MoneyBallEconomics.com, Slower Spending Growth In Q3 When Vice spending momentum began to slow in February, I blamed near-term noise. I thought it might be tied to February’s tax refund deferral. And when it slowed again in March, I blamed Easter. But vice spending growth continues to slow. Show More Summary
By Andrew Zatlin – When Vice spending momentum began to slow in February, I blamed near-term noise. I thought it might be tied to February’s tax refund deferral. And when it slowed again in March, I blamed Easter.
A 74-year-old San Jose woman pleaded guilty to stealing personal information from homeless people to use in a fraud scheme that generated $3.5 million in tax refunds, officials said Tuesday. Diep Vo duped people at homeless sheltersShow More Summary
The Tennessee inmates used the Social Security numbers of fellow inmates to claim refunds for hundreds, most of whom had been unemployed for years.
Kathleen DeLaney Thomas (North Carolina), Are Tax-Time Financial Products Good for the Poor? (JOTWELL) (reviewing Andrew Hayashi (Virginia), The Effects of Refund Anticipation Loans On the Use of Paid Preparers and EITC Take-up (2016)): The conventional wisdom about refund anticipation loans, at least among many academics, is that they are...
By Allan Sloan / ProPublica Leaked documents show the president paid hefty taxes for 2005, but one analysis suggests that later returns may show much of the payment was refunded to him.
This story was co-published with The Washington Post. The pressure is growing to force President Trump to turn over his tax returns. The other day, for example, 200 Congressmen filed a suit in federal court, arguing that voters and lawmakers have a right to know whether Trump’s businesses are...
Tax compliance across the U.S. Canada border can be complex. But that doesn't explain this tax refund scam resulting in multiple criminal charges and convictions.
The Supreme Court won't hear an appeal from former Qwest Communications International Inc. CEO Joseph Nacchio seeking an $18 million tax refund on money he gained from illegal stock sales. … Click to Continue »
Whenever I receive an unexpected lump of cash such as a gift card, bonus, or tax refund, I find myself extremely tempted to treat it differently than other income. Instead of looking at the budget to see where it might best benefit our overall financial situation, I immediately think of what “extra” thing I could […]