Will the payment of federal tax refunds for 2014 be delayed until October 2015?
Priorities. While allowing billions of false refunds to go to two-bit grifters via ID-theft refund fraud, the IRS also manages […]
Ever tempted to cheat on your tax return? Even a little? Brigitte Jackson, of Georgia, was arrested for allegedly cheating a lot on her tax return - and claiming a massive refund. Where did she go wrong?
A Georgia woman filed a tax return claiming the state owed her $94 million, the Atlanta Journal-Constitution reported Friday. Problem was, the claim was false, authorities say.
As you hit your mid-20s, there are more and more reminders that you are pretty much a full-fledged adult Sometimes these reminders are practical, predictable moments, like when you decide to spend your tax refund on bills instead ofShow More Summary
Besides costing the IRS big bucks, tax refund fraud can wreak havoc on your finances
The good news is that in 2013 the Internal Revenue Service was able to stop $24.2 billion worth of fraudulent tax refunds. The bad news is that in that same year, the IRS still paid an estimated $5.2 billion in fraudulent identity theft refunds. Show More Summary
Americans receiving tax credits for health care they get through he Affordable Care Act are likely to ake a hit on their tax refunds, warns USA Today. That's because they took an advance against those tax credits when hey signed up for coverage, but come tax filing time, actual numbers may not square with earlier estimates. Show More Summary
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