An Alabama man was indicted for his part in a scheme to collect millions of dollars from the Internal Revenue Service using false tax returns. Douglas Ervin Dent, 66, of Birmingham, Alabama, allegedly filed 20 false income tax returns in his own name and on behalf of others between April 2008 and October 2009. Show More Summary
On Wednesday, I posted a short piece about the Obama administration's mass-scale audit of adoptive families -- 69 percent of returns claiming the refundable adoption tax credit were audited in 2012. In the ensuing discussion (I was grateful...Show More Summary
It has to feel completely awful to get a letter from the government saying it’s holding onto your refund check. But even worse, as one couple found out, is the feeling of that happening twice. And then there’s this doozy: Tax officials claim the refunds were put on hold because the state of Mississippi twice has said the husband owed … [More]
IR-2013-52, More Taxpayers e-file from Home in 2013 (May 20, 2013): Cumulative statistics comparing 5/11/12 and 5/10/13 Individual Income Tax Returns: 2012 2013 % Change Total Receipts 135,473,000 134,349,000 -0.8 Total Processed 130,261,000...Show More Summary
By Trefis: Quick Take In its Q1 fiscal 2014 earnings, Wal-Mart reported a comparable store sales decline of 1.4% in its U.S. operations due to delayed tax refund, prolonged cold and the payroll tax increase. However, the international business grew steadily as the retailer gained share in most of its international markets. Show More Summary
Is retail giant Wal-Mart Stores, Inc. (NYSE:WMT) truly a bellwether of the health of the U.S. economy? The world’s largest retailer recently blamed a cold spring season, the payroll tax hike, delayed tax refunds and moderate food inflation for its recent top and bottom line miss during its first quarter earnings. Yet the market recently contradicted [...]
Unfortunately, there are many reasons this could happen, and even worse, it happens to many taxpayers each year, causing surprise, confusion and frustration.
A Louisiana lawyer pleaded guilty to making false, fictitious and fraudulent claims to the Internal Revenue Service in an attempt to receive more than $9.7 million in tax refunds. According to court records, Francis C. Broussard, 53,...Show More Summary
Good news for some tax preparers. If you paid for testing under the Internal Revenue Service's nascent system of regulating tax preparers, a refund of your exam fee could be in the works. The IRS this week answered the big question that's...Show More Summary
Welcome to Wise Bread's Best Money Tips Roundup! Today we found some stellar articles on all you need to know about saving for retirement, personal finance experiences for older kids, and average tax refunds. Top 5 Articles All you need to know about saving for retirement — When it comes to retirement, you should be saving 10% to 15% of your income. Show More Summary
(Reuters) - Wal-Mart Stores Inc posted a higher quarterly profit on Thursday even as sales fell 1.4 percent at its Walmart U.S. stores open at least a year because of a delay in income tax refund checks, cool weather, less grocery inflation than expect...
Walmart's Q1 financial results are out. Earnings per share came in at $1.14 per share, which was right in line with expectations. However, sales are looking weak. Comparable store sales excluding fuel fell by 1.4%. Analysts were looking...Show More Summary
Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on balancing multiple jobs, better ways to invest your tax refund money, and saving on your home entertainment system upgrade. Top 5 Articles How Can...Show More Summary
Barack Obama’s second cousin Dr. Milton Wolf claims the IRS mysteriously held up his tax refund and the White House might have even tried to get him fired from his newspaper job. Wolf, a Kansas City radiologist, is an outspoken foe of Obamacare and a columnist for the Washington Times. The IRS has admitted improperly [...]Show More Summary
Tad DeHaven Chris Edwards showed that the Internal Revenue Service’s budget has been soaring and the main culprit is refundable tax credits. The magnitude of refundable tax cuts is obfuscated in the IRS’s budget because only the refunded...Show More Summary
Although the retailer performed steadily throughout fiscal 2013, we expect it to report relatively slow growth during this quarter. Higher payroll taxes and delays in tax refunds will be some of the key factors governing the retailer’s results in the U.S.
The end of tax season is the biggest financial event of the year, claim 75% of Americans, as they anticipate a refund of their hard-earned money after filing their taxes. However, only 37% of tax payers choose to invest their savings or use it to repair their finances.
This week Boomer and Echo answered a question we all have: How Much of Your Income Should You Save? In case you haven’t already spent your tax refund, Million Dollar Journey listed out their 7 Smart Ways to Spend Your Tax Refund. The Canadian Couch Potato did some demystifying this week with their post on [...]Show More Summary
Kansas city Man Submits False Documents to IRS With tax season just ended, most taxpayers go about the business of making claims for refunds. Robert C. Logan of Kansas City, Missouri is no different from the many millions who claim tax refunds, except that Logan’s claims were false and fraudulent. Show More Summary
It is nice to receive a cheque from the government but a tax refund is not good, because you are only receiving your own money back. Your tax refund is money you have overpaid the government during the year. You want to pay the right amount of tax during the year, rather than give the government an interest-free loan.