With the TY2017 tax season coming down to the final hours, the acting IRS commissioner feels pretty good about his agency’s performance thus far. But the big crunch, he says, comes after tax deadline has come and gone.
The April 17 deadline for filing will bring this tax season to a close before we know it. So it makes sense that the bad guys are planning to make hay while the sun shines. Identity thieves and scammers are unleashing a new campaign to beat the deadline.
The Internal Revenue Service is reminding taxpayers that time is short to file their 2014 income tax return for a refund. Some $1 billion in refunds is yet unclaimed from TY2014. In order to claim a refund due, taxpayers must file their 2014 federal return by April 17.
Baffled by Bitcoin? In the dark over Litecoin but find Ethereum engaging? No matter what your attitude toward the use of virtual currency, the Internal...
In our last post, we laid out this year’s “Dirty Dozen” tax scams as ranked by the Internal Revenue Service. The annual list looks at the worst scams likely to beset taxpayers and tax pros during the coming year.
Every tax season, the Internal Revenue Service releases what it terms the “Dirty Dozen” list of top tax scams. While some of the scams...
Income tax professionals from preparers to CPAs and EAs are being reminded to maintain and monitor their various identification numbers that enable them to e-file. The reminder comes from the Security Summit, the joint effort between the IRS, state taxing agencies and tax industry partners that’s been tasked with helping to find winning strategies against identity theft and income tax refund fraud.
Somewhere between the time we start our work careers and the time we finally retire, life happens. During that time span, many taxpayers feel the need to dip into their Individual Retirement Account (IRA) or their retirement plan in order to pay expenses.
It’s been a rough winter for residents of the Northeast: three severe winter storms in just two months. Fortunately, the IRS is helping to take a little of the bite out of the winter wind for those most affected.
About a million taxpayers could have some cash waiting for them, provided they file their 2014 income tax returns.