Trying to pressure banks to cease tax refund anticipation lending, FDIC staff crossed several lines of impropriety [inspector general executive summary via Kevin Funnell] Consumer Financial Protection Bureau, class action lawyers’ best...Show More Summary
Gillian recently explored “How the Tax-Prep Industry Takes Advantage of Low-Income Filers”—namely by overcharging poor people to process…
JBreezyBaby fulfilled a lifelong dream by attending the 2015 Star Wars Celebration and paying to have photos taken the the Star Wars actors. He says he spent his entire tax refund doing it. But these aren’t just fan pictures. He’s re-enacting scenes from the movies! He posted a story for each actor in the gallery at imgur. Show More Summary
Chris Jacobs: A proposed refundable tax credit aimed at mitigating the effects of rising health costs for some families could end up exacerbating the problem on a broader scale.
Sure, King George III's pesky tea tax served as a catalyst for the United States' rebellion against Great Britain. King George III in 1755, courtesy National Portrait Gallery, London. Click image to hear G3's first song, which mentions...Show More Summary
To combat identity theft-related tax fraud, Rep. Jim Renacci (R-OH) introduced H.R. 3832, or the Stolen Identity Refund Fraud Prevention Act of 2016. The bill, which was co-sponsored by Rep. John Lewis (D-GA), Ranking Member on the Ways and Means Subcommittee on Oversight, passed the House on May 15, 2016.
This time it's personal. Rep. Jim Renacci (R-Ohio) introduced the Stolen Identity Refund Fraud Prevention Act of 2016 last year after he became a tax identity theft victim. Rep. Jim Renacci talks with Cleveland WOIO anchors about being a tax identity theft victim. Show More Summary
It's no secret that tax refund fraud is big business for scammers. Congress thinks it has a plan to stay ahead of the scammers. There's just one problem: in the attempt to slow tax refund fraud, millions of families may have a longer wait next tax season to get their refund.
There’s no need to panic if you can’t get all your information together to file a tax return by the deadline. If you believe you are owed a refund, simply file your return as quickly as possible, even if it’s after the deadline. If you believe you may owe taxes, you’ll need to file a... Read more » The post Ten Tips for Filing an Extension on Your Taxes appeared first on.
Obama has now set it up with the IRS so that illegal immigrants can get tax refunds. Never mind that they are illegal and don’t pay taxes… they will get
Writer Justin Simien's story is one straight out of the "I'm going to get this movie made no matter what" playbook. Simien took his hard-earned tax refund to create a concept trailer for his 2014 hit movie, Dear White People, and then used crowdfunding to make the film.
During tax season, conversations about how to use that always-anticipated tax return pop up all over the internet. Many who get a refund use it on vacations and other big ticket items. And while this isn't always a bad idea, it may not...Show More Summary
The smartest thing is to arrange your withholding so you avoid a refund, which is an interest -free loan to the government. If you do get a refund, paying down debt and stocking an emergency fund are among the best uses for the mone...
A sticky-fingered former mail carrier admitted to stealing $443,000 in tax refund checks along his route in New Jersey.
A former postal worker who was supposed to deliver the mail in a Pennsauken, New Jersey, neighborhood has admitted to stealing federal income tax refund checks worth more than $400,000.
Image description: Line drawing of a 'Certificate of Gimp Status' made out to Dave Hingsburger and dated 2016 We opened the letter from the government expecting my tax refund cheque. Instead, we got a letter stating that I had to reapply in order to continue in my tax status as a disabled person. Show More Summary
Trust no one. That X-Files admonition has been co-opted for just about everything, but it's particularly appropriate in this time of increasing tax identity theft and refund fraud. It also apparently is taken to heart by the federal office that keeps an eye on the Internal Revenue Service's operations. Show More Summary
The IRS might not be in the same hurry that you are to get your check, but you can take steps to eliminate unnecessary processing delays
While no one wants to pay taxes, it’s an inevitable part of life. If you make money then you have to pay the government a portion of that money. It really doesn’t matter how you make your money, you will have to pay some of it to Uncle Sam. Show More Summary
Nearly 82 million taxpayers have already received an average IRS refund of about $2,800