J. Russell George, Treasury Inspector General for Tax Administration (TIGTA), and the Department of Justice (DOJ) have announced more arrests – and a guilty plea – in connection with Internal Revenue Service (IRS) phone scams.
Read MoreMonth: April 2017
Likely Winners & Losers Under The Trump Tax Plan
This week, President Trump proposed sweeping changes to the Tax Code. Despite the broad and ambitious scope of the proposal, it was short on details. Here are some of the likely winners and losers under the plan.
Read MoreDepartment Of Education Moves To Make Student Loan Process Easier While IRS Tool Is Down
Applying for financial aid isn’t going to be as bad as feared this year after all. The Department of Education Department has agreed to allow colleges and universities more flexibility to use as part of their verification procedures while the Data Retrieval Tool (DRT) is unavailable.
Read MoreAbout Those Huge Tax Receipts Secretary Mnuchin Mentioned…
Was the 2017 tax season somehow bigger than in years past? Treasury Secretary Mnuchin sure seemed to give that impression today. Here’s what the numbers say.
Read MoreTrump Orders Review Of Obama Tax Rules
Declaring that the “Federal tax system should be simple, fair, efficient, and pro-growth,” President Donald Trump signed a new executive order focused on rolling back a number of tax regulations established by former President Barack Obama.
Read MoreIndian Police Allege IRS, FBI, Other Law Enforcement Not Interested In Phone Scam Arrests
Taxpayers across the country breathed a sigh of relief after the arrest of Sagar Thakkar, the man accused of being the mastermind behind those Internal Revenue Service (IRS) phone scams. Now, however, Indian police allege that American authorities don’t have interest in the case.
Read MoreHow To Fix Your Mistakes By Filing An Amended Tax Return
Tax Day has come and gone. That doesn’t mean that the filing season is over: now is the time that taxpayers inevitably panic over mistakes on previously filed returns. Missed forms 1099. Overlooked deductions. Incorrect Social Security numbers. Here’s what you need to know to fix your mistakes.
Read More11 Quick Facts About A Potential Government Shutdown
Are we really headed towards a government shutdown? As Congress and the White House grapple with the next steps, here’s what you need to know.
Read MoreStates Are High On Tax Revenues But Feds Still Say No To Marijuana
It’s 4/20, sometimes called National Weed Day. The possession of marijuana is prohibited by federal law even though a number of states have laws to the contrary – and are making money off of the once-forbidden drug.
Read MoreWhat Are Taxpayers Willing To Do To Avoid Paying Taxes?
What would you do to avoid paying taxes? Here are the results from a recent GOBankingRates survey.
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