Posts tagged as:

IRS

IRS Cuts Ties with ACORN

24 September 2009

The IRS announced on Wednesday that it is cutting ties with ACORN after disastrous video footage was released showing ACORN workers offering inappropriate and flawed tax advice. The IRS will no longer include ACORN in its VITA (volunteer income tax assistance) program:
“The IRS has partnered with hundreds of community and volunteer organizations, including ACORN, [...]

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Ask the taxgirl: Estimated Payments (Forms and Payments)

23 September 2009

Taxpayer asks:
Tax Girl: Nice blog, I came across your site researching my situation. Last year I got back a refund (because my investments tanked and I had a capital loss) so this year I did not send in any estimated tax payments. I meet with my financial advisor yesterday he said my portfolio is up, [...]

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Hey Congress, Why Don’t You…? Audit Every Year

3 September 2009

Sheila Billingsley writes:
I have a controversial suggestion for Congress: audit tax returns every year.
I prepare tax returns for a large tax company. One of the biggest sources of stress for taxpayers is whether or not they will get audited. Many of them do everything right but are still very scared of an [...]

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Now THAT’S A Refund!

26 August 2009

Laura Schultz was expecting to hear from the IRS. After all, the Denver-area house cleaner owed the IRS about $80. But when she opened up a letter from the IRS, it wasn’t quite was she was expecting: a refund check for $122,783.51.
Schultz felt that it was a mistake – and it [...]

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USCIS, meet IRS. IRS, meet USCIS.

24 August 2009

In 2008, United States Attorney Laurie Magid announced that indictments had been filed against three defendants: Habeeb Malik, Ira Weiner, and Thongchai Vorasingha. The three were charged with, among other things, conspiracy to make false statements in applications to become United States citizens.
The three, Malik, Weiner and Varasingha, went before a federal [...]

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Fix the Tax Code Friday: Foreign Accounts

21 August 2009

The IRS crackdown on foreign accounts has been generating a lot of discussion in the blogosphere. Some folks argue that it’s a waste of resources, others argue that it’s been a long time coming.
Today’s Fix the Tax Code Friday question is:
Is the targeting of offshore accounts a fair use of IRS resources? Or [...]

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IRS Crackdown on UBS Continues With Indictments

21 August 2009

The IRS is making serious noise about its attempts to combat offshore tax evasion. What could be a better pulpit than its high profile UBS matter?
Just a short while after details on the UBS settlement were released, the IRS announced the indictments of a former UBS bank executive and a Swiss attorney. [...]

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IRS Plays Chicken with Taxpayers

19 August 2009

Remember that great scene in the movie Footloose when Kevin Bacon is challenged to a game of chicken on the tractor?

It seems that the IRS is playing a little chicken of its own with taxpayers…
The IRS has entered into a settlement with UBS to divulge the names of about 4,450 account holders at the Swiss [...]

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Avoid Census/Tax Scams

19 August 2009

It’s time for the Census!
According to best estimates, there are 307,216,361 people in the US as of the publishing of this blog entry. The ticker on the US Census web site was plugging along quite nicely as I was writing, so chances are, there will be a few hundred more by the [...]

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UBS Settles with IRS

12 August 2009

Um, that’s all we know. Really. I’ve been sent a trillion links on this today and despite pages and pages of content, nobody has any real details.
The IRS has requested the names of more than 50,000 US taxpayers with accounts at UBS. The Swiss bank handed over about 300 names so far. [...]

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