Last year, one day after the Internal Revenue Service additional Proposed Regulations to clarify issues related to the Health Care Act, a group of taxpayers filed a lawsuit in federal court, hoping to put the brakes on the IRS’ right to enforce the Act. The case, Halbig et al v. Sebelius, was filed by twelve…
IRS invites taxpayers to come back on January 17 and get in the queue to file for free. But does that mean those returns will be processed early? Nope. Here’s what it does mean…
The FBI is not expected to announce criminal charges in its investigation over the IRS tax exempt organization scandal, leaving Chair of the House Oversight and Government Reform Committee, Rep. Darrell Issa, fuming over what he calls a “questionable” investigation.
Overstock raised eyebrows earlier this month when the retailer announced it would accept Bitcoin as payment. While Bitcoin has slowly been making inroads into the U.S. economy, Overstock is by far the largest, most mainstream company to tout the currency as a legitimate means of payment. And it definitely paid off, with Patrick M. Byrne,…
The National Taxpayer Advocate has issued her list of the top 10 most litigated tax issues. The list includes a number of old favorites – like business expenses – and some new issues. Take a look.
Apparently, the tax devil does not wear Prada. Italian tax authorities are investigating fashion house Prada on allegations of tax evasion. Will this be Dolce & Gabbana all over again?
Interested in helping the community? The Internal Revenue Service is looking for volunteers to staff its Volunteer Income Tax Assistance centers across the country. Are you in?
Today, National Taxpayer Advocate Nina E. Olson released her 2013 annual report to Congress, urging IRS to take steps to increase trust in the agency, strengthen its ability to serve taxpayers and collect tax. What’s standing in the way? She had the answer to that, too.
Do you speak IRS? Figuring out tax forms is hard enough when English is your first language. But what if you’re not proficient? The Internal Revenue Service is making a number of resources available to taxpayers who speak other languages.
Can you file your taxes now and get your refund early? No, according to IRS. Tax season is just around the corner… and not a day before.