IRS Scam Costs Connecticut College Student Near $8,000

Although media coverage has done a great job of raising awareness on IRS scams, many parents and college students still find themselves falling into the trap set by impersonators. The perpetrators impersonate IRS representatives and demand payment on student loan...

IRS Collects Over $10 Billion From Foreign Bank Accounts

The IRS is no stranger to hunting down individuals who may not be in full compliance with their tax obligations. There number one priority is to get our taxpayer dollars, no surprise. But this time, the IRS has been cracking down on individuals with offshore accounts...

IRS Wasted $12,000,000 On Useless Email Service

The Internal Revenue Service treasures taxpayers’ dollars. What else is new? This time, the IRS wasted $12,000,000 dollars on an email service it couldn’t use, according to the Treasury Inspector General For Tax Administration (TIGTA). Talk about IRS tax...

IRS Mishandled Over 24,000 Tax Lien Notices

The Internal Revenue Service (IRS) usually follows the right procedures when handling tax liens, but not all the time. IRS tax liens can damage your credit and make it extremely difficult to get any further credit since they report it to the credit bureau. With that...

IRS Targets Family-Owned Businesses

The IRS never fails to hit your pocket where it hurts. In this case, family-owned businesses are at risk. The Internal Revenue Service has proposed new regulations that will make passing on a family business to ones’ child extremely difficult. Reducing estate and gift...