The latest straight from the IRS — new rules, deadlines, guidance, and announcements explained in plain English.
The IRS has announced that they will begin mailing rebate checks on or about May 2. The IRS has not yet announced the order of mailing: this will be announced next week. Speculation is that it will rely on Social Security numbers, as before. I’ve received a bunch of questions about extensions. The quick answer…
Internal Revenue Service and Telemundo have partnered to air a special one-hour tax program for Spanish-speaking taxpayers on Sunday, Jan. 27. The program, “Los Impuestos y Usted” (“Taxes and You”), will air at: 3:30 p.m. Eastern and Pacific Time. 2:30 p.m. Central Time. 1:30 p.m. Mountain Time. “Los Impuestos y Usted” will focus on a…
The IRS is considering saying no to “rapid refund” type loans to taxpayers. The loans, made by tax preparers like H&R Block, have been the subject of a number of lawsuits – and the IRS believes that they made also lead to increased instances of fraud. There is a “financial incentive to take improper tax…
The Internal Revenue Service reported yesterday that as many as 13.5 million taxpayers will have to wait to file tax returns until computers can be reprogrammed to comply with the new law. It estimated that taxpayers cannot file forms related to the AMT until February 11, nearly a month after the usual start of the…
Earlier this week, the Ferraro Law Firm, a trial law firm based in Florida, submitted a tax whistleblower submission of more than $2 billion (yes, with a b) to the recently created IRS Whistleblower Office. The submission is the largest ever made to the IRS Whistleblower Office. The IRS Whistleblower Office is responsible for assessing…
Maybe the Internal Revenue Service has some of your cash! The IRS is looking for 115,478 taxpayers who are due refund checks worth about $110 million after the checks were returned as undeliverable. Yep, that averages out to nearly $1000 a pop. If you are expecting a refund and have not received one for the…
The Internal Revenue Service has announced that new tax glossaries are available in Chinese (simplified), Chinese (traditional), Korean, Russian and Vietnamese. A Spanish version was previously made available online to view and as a pdf to download. The Chinese, Korean, Russian and Vietnamese versions of Publication 850 are only available as a download (click here…
You’ve always known that you’re supposed to report your gambling winnings on your taxes, right? Well, the IRS is making it a little easier (for them) to make sure that happens. Beginning March 4, 2008, casinos and other sponsors of poker tournaments will be required to report most winnings to winners and the Internal Revenue…
Okay, maybe they do care (maybe a little), but they certainly aren’t going to pay you for your opinion. The IRS is warning about a new phishing scam involving an email to taxpayers purporting to issue a tax credit in the amount of $80 in exchange for completing an online survey. It’s not going to…
The IRS wants you to understand that you’ll never actually see that message in a subject line from IRS. It’s the newest scam to target taxpayers. Taxpayers have reported the receipt of an email allegedly from “IRS Criminal Investigation” claiming that an investigation is underway for the filing of a false return or other complaint….