Our next tax trivia question is: The original purpose of the Social Security number, which was introduced in 1935, was to track individuals’ accounts within the Social Security program. In 1938, as part of a promotion to sell wallets primarily through Woolworth’s, wallet manufacturer E. H. Ferree Company used a sample Social Security card to…
There is no such thing as free money. Let’s just go ahead and get that out of the way first thing. Our Treasury does not have a pot of money just sitting around waiting for you to scoop it up (we’re nearly bankrupt, remember?) And no matter what anybody tells you otherwise, tax credits, refunds…
You may not. A report issued by the Treasury Inspector General for Administration (TIGTA) (downloads as a pdf) found that the IRS does not always act promptly to notify taxpayers when personal and private taxpayer information has been accidentally disclosed. Information can be inadvertently disclosed a few ways. Mix-ups can happen at the return level:…
Guest post by Brian Lapidus of Kroll Fraud Solutions 1. Obtain a list of all authorized e-file providers registered with the IRS. This year marks the 21st season of electronic filing with nearly 1 billion returns processed. All taxpayers that count themselves part of the latest trend should ensure they are using a credible provider….