Miserable, Awful & Delayed: Commissioner, Tax Advocate Talk 2015 Tax Season

Worried about the upcoming tax season? So are IRS Commissioner John Koskinen and National Taxpayer Advocate Nina Olson. I sat down with both of them to talk about challenges for the upcoming season, including coping with budget cuts, increased compliance concerns due to ACA, FATCA and the extenders and a delay to the tax season.

IRS Warns Taxpayers To Be Diligent As Identity Thieves Add New Twist To Phone Scam

If your phone is still ringing with tax scams and IRS impersonations, you’re not alone. J. Russell George, the Inspector General, has referred to these ongoing schemes as “the largest scam of its kind that we have ever seen.” As IRS and TIGTA try to combat the growing problem of identity theft and tax scams, the fraudsters are hoping to stay a few steps ahead. They’re switching up their schemes in an effort to not get caught. Have you read about their latest efforts?

IRS Announces 2015 Tax Brackets, Standard Deduction Amounts And More

The Internal Revenue Service has announced the annual inflation adjustments for a number of provisions for the year 2015, including tax rate schedules, tax tables and cost-of-living adjustments for certain tax items. If you’re looking for 2015 tax rates, here you go!

Taxpayers Freaking Out Over Hoax Claiming 2015 IRS Refunds Already Delayed

Earlier this week, a panicked reader shot me the link to an article with this headline: 2014 Federal Tax Refunds To Be Delayed Until October 15. I glanced at the article on my phone and fired off a quick inquiry to the media department at Internal Revenue Service (IRS) questioning whether it was true. A few minutes later, I sent IRS an apologetic “Doh!” Once I had the chance to sit down at my laptop and read through the piece, it was clear that it was a hoax. I really should have known better. The headline about Gov. Perry suspending …

Podcast 1.06: This Week In Tax News + Same Sex Marriages

This week, the shutdown was all over the news from how it affected taxpayers to the National Parks to scammers taking advantage of IRS being closed. I talk shutdown, Miss America on the Boardwalk and the poor “dead” guy who can’t get the judge to agree that he’s alive (really). And our hot tax topic this week? Same sex marriages and the IRS. Because paying taxes is painful… but reading about them – or in this case, hearing about them – shouldn’t be.