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IRS Working Hard To Detect Fraudulent Tax Returns

According to a new report from the Treasury Inspector General for Tax Administration (TIGTA), the IRS has improved their investigations in fraudulent tax returns involving identity theft, but they need to be more factual with their identity theft estimates. To determine the efficiency of the IRS when it comes to detecting and preventing identity theft, tax problems, and…

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Is The IRS Calling, Or Is It A New Scamming Approach?

As the tax season is approaching, so are an increasing number of IRS scams. According to WBIW, the Washington County Sheriff’s Department is reporting a significantly higher number of scams with newer techniques and advanced technology. From threats to fake caller IDs, scammers are quickly misleading everyday people. Sheriff Roger Newlon states, “One of the more…

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Major W-2 Scam Spreading Rapidly, Targeting Schools, Restaurants, Hospitals, And More

All government tax organizations such as the IRS, the state tax agencies and the tax industry sent an important notification to all employers that the W-2 Phishing scan has progressed, dispersing to other regions such as school districts, nonprofits and group organizations. The scammers are conjoining this new scheme with an old scheme of wire…

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Owe The IRS? You Could Lose Your Passport.

Are you finally cashing in your vacation time to take a Euro trip? Well, if your travel plans include a passport and an airplane, then you need to be mindful about a new law that could prevent you from enjoying your time off from work, according to Forbes. The FAST Act (Fixing America’s Surface Transportation)…

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taxpayers

You May Qualify For Earned Income Tax Credit

Earning 53k or less? If you are, you may be eligible to qualify for Earned Income Tax Credit (EITC). EITC is an income tax credit for rural taxpayers, who are living paycheck to paycheck. Since it’s a refundable credit, there are certain criteria you must meet before you can apply. If you do qualify and…

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2017 Tax Filing Season Has Officially Opened

The IRS is successfully beginning to accept 2016 income tax returns with over 153 million returns estimated to be filed. You have until April 18,2017 to file your taxes before you have the IRS knocking on your door, unless you have already filed for an extension. The deadline to file your taxes for those who…

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Alabama Taxpayers Beware: Broadband Consultants Collect Hefty Fees

Consultants recommending the construction of expensive broadband networks are inundating local governments across the country, according to Yellow Hammer News. Unfortunately, these broadband networks are built using taxpayers’ money. Consultants believe that these new and improved networks will attract business money and improve the quality of life for the residents. This is all true, but…

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Obama’s New Executive Order Will Turn New U.S. Presidents Into Taxpayers

Obama’s recently signed Executive Order now requires that the President of the United States be a federal taxpayer. According to Andy Borowitz from NewYorker.com, President Obama exclaimed that “Since the President has such a large say in how federal taxes are spent, it only makes sense that he or she contribute to those taxes too.”…

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2017 Tax Season Begins January 23rd

The Internal Revenue Service had already dropped a bombshell in recent news when they announced that some taxpayers will face a delay in receiving their tax refund with the deadline to file taxes being on April 18th. Recently, the IRS just announced that the next tax season will officially begin on January 23, 2017. The IRS predicts…

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IRS To Lower Standard Mileage Rates

The IRS has issued an option of using standard mileage rates to calculate costs associated with operating vehicles for business, charitable, medical, or moving purposes in order to calculate deductible costs, according to Jeff Stimpson from AccountingToday.com. Beginning January 1st, standard mileage rates for the use of cars, vanes, pickups, or panel trucks, will be…

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