You have a right to know what thieves are doing with your information. That’s the surprising word out of the Internal Revenue Service (IRS) this week. In a clear change in policy, IRS has agreed to provide victims of identity theft with copies of the fraudulent tax returns filed using their personal and financial information….
It can be tempting to crumple up and toss a parking ticket but throwing it away doesn’t make it go away. Parking authorities hold onto their copies of those tickets and those who don’t pay immediately pay up eventually – often through offsets. Just ask Michael Gardner. His state tax refund was garnished by 80%…
(Update: I was reminded that next year is also a leap year! That means, if tax season starts on time, there will be four extra days for most taxpayers. I included the adjustments below as strikes, not deletions, as a nod to the extra day. H/T to @briancpaMI) Three Four more days! The Internal Revenue…
The soccer world was rocked this morning to learn 14 defendants have been charged with racketeering, wire fraud, money laundering conspiracies, and other offenses, in a wide-ranging corruption scheme. The defendants include two current FIFA Vice Presidents as well as the current and former Presidents of the Confederation of North, Central American and Caribbean Association…
Earlier this morning, Attorney General Loretta E. Lynch, Acting U.S. Attorney Kelly T. Currie of the Eastern District of New York, together with Director James B. Comey of the FBI, Assistant Director in Charge Diego W. Rodriguez of the FBI’s New York Field Office, Chief Richard Weber of the Internal Revenue Service-Criminal Investigation (IRS-CI) and…
The Internal Revenue Service has issued a statement regarding the unauthorized access of taxpayer information using the “Get Transcript” application. Follows is the statement in full: The IRS announced today that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through IRS’ “Get Transcript” application….
The Internal Revenue Service (IRS) announced today that identity thieves have illegally accessed tax information for more than 100,000 taxpayers with unsuccessful attempts made on approximately 100,000 additional taxpayer accounts. IRS Commissioner John Koskinen delivered the news at a hastily arranged press conference this afternoon. The urgency, he indicated, was to alert taxpayers to the…
In a city filled with art, it’s easy to miss the statue of an American soldier tucked away in Chicago’s Grant Park. But that would be a mistake. I’m in the Windy City today and had the opportunity to see the 1897 statue of General John Alexander Logan. It’s just off Michigan Avenue, near 9th…
This weekend, we’ll listen to a lot of speeches about how much we love this country and how thankful we are to live here. Peter and Joan Petrasek, of Seattle, chose to let their money talk for them. The couple recently left the Department of the Treasury nearly $850,000 as a bequest. The couple had…
Looking for Continuing Professional Education (CPE) credits? The Internal Revenue Service (IRS) has announced details of the 2015 IRS Nationwide Tax Forums. The forums last three days and over that time, there will be more than 40 seminars and workshops. Those seminars and workshops will provide up to 18 CPE credits for enrolled agents, certified…