Taxpayers and consumers should cheer a new crackdown on robocalls. The “Robocall Strike Force” is an industry-led group committed to developing comprehensive solutions to prevent, detect, and filter unwanted robocalls. The strike force is made up of carriers, device makers, operating system developers, network designers, and the Federal Communications Commission (FCC).
To assist taxpayers, the Internal Revenue Service (IRS) has launched a new web page designed to help taxpayers involved in the sharing economy figure out what they need to know about reporting, filing and paying tax.
“Real Housewives of Atlanta” original cast member NeNe Leakes has been hit with a federal tax lien worth close to a cool million dollars. According to documents filed in a Georgia court, Leakes, whose real name is Linnethia Monique Leakes, owes $830,000 in back taxes. The lien is focused on the tax year 2014, which…
With back to school season in full swing, the Internal Revenue Service (IRS) has issued a reminder for taxpayers to be particularly vigilant for scammers looking for opportunities to take advantage of students and parents.
Apple CEO Tim Cook recently fielded questions on Apple’s tax practices, including the company’s decision not to repatriate income earned overseas – at least not just yet. Cook invoked the “f” word when talking about offshore income, saying that he wouldn’t bring Apple’s overseas funds “until there’s a fair rate,” meaning, of course, a “fair” tax rate. Here’s what you need to know about Cook’s comments and Apple’s storied tax history.
Nakeisha Hall’s job was to help taxpayers. Hall, the daughter of a long-time IRS employee, started working for the Internal Revenue Service (IRS) in 2000. In 2007, she began work at the IRS Taxpayer Advocate Service (TAS) office in Birmingham, Alabama and subsequently worked in TAS offices in Nebraska, Louisiana, and Utah. At TAS, Hall…
In response to recent flooding, the Internal Revenue Service (IRS) has announced that Louisiana storm victims will have until January 17, 2017, to file certain tax returns and make certain tax payments. Additionally, all workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization qualify for relief.
Imagine receiving a notice that you could owe taxes in the trillions. That’s exactly what happened to one man. Here’s what he did to fix the issue – and what you can learn from him.
The IRS is warning tax professionals about a new, targeted scam. As part of its information to tax professionals, IRS is also advising tax pros to monitor their PTIN activity.
As US athletes continue to rack up gold at the Olympics, they’re also racking up a tax bill. There’s a proposal in Congress to exempt Olympic winnings, including medals, from tax – but is it a good idea?