Be Prepared To Prove Your Identity When Calling The IRS
With tax refund scams on the rise and identity theft a pressing concern, be prepared to answer more questions when you reach out to the Internal Revenue Service (IRS).
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If You’ve Already Filed, Here’s How To Claim Tax Extenders
As of last week, the Internal Revenue Service (IRS) had already received 18,302,000 tax returns and had processed 17,931,000; that number is likely double by now. If you’ve already filed your tax return and think you might be affected by the tax extenders provisions, here’s what you need to do.
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IRS Will Require Electronic Payments For Some Fees
It’s time to ditch the checkbook: taxpayers who request letter rulings, closing agreements, determination letters, advance pricing agreements, and certain other rulings from the Internal Revenue Service (IRS) will soon have to pay electronically.
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IRS Offers Bonus Charitable Deductions For A Limited Time
It appears that the Internal Revenue Service (IRS) is taking Congress’ edict to “do more with less” very seriously. In a move that’s sure to raise some eyebrows, the federal agency has announced that it will allow taxpayers to claim an enhanced “bonus” charitable deduction for contributions made directly to the agency for a limited…
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10 Ways To (Mostly) Avoid An IRS Audit
It’s tax season. If you have anxiety about your tax return, here are 10 ways to lower the odds of getting audited this tax season.
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Facebook Could Owe IRS Billions, Continues To Ignore Tax Summons
The IRS has alleged that Facebook has failed to comply with a 7th summons isn’t the only tax issue for the social media giant. On the same day that Facebook announced second-quarter profits of $2.06 billion, the company indicated that could be subject to additional federal income taxes of $3 billion to $5 billion.
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IRS Announces National Search To Replace The Commissioner
In response to GOP calls for his resignation, or worse, impeachment, Internal Revenue Service (IRS) Commissioner John Koskinen has announced that he will step down following tax season. He has, however, one condition: he wants the taxpayers to choose his replacement. Koskinen’s decision, while a bit surprising, is not completely out of character for IRS….
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Understanding Your Tax Forms 2016: Form 1099-INT, Interest Income
Trying to figure out your tax forms? Here’s the next in my handy-dandy forms primer: 1099-INT, Interest Income.
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IRS, Tax Partners Announce Taxpayer Tips, New Measures In The Fight Against Identity Theft
The Internal Revenue Service (IRS), states, and tax industry are taking new steps in their efforts to protect taxpayers from tax-related identity theft. Known as the Security Summit, the collaborative effort between IRS, states, and tax industry began in March 2015. Now they’re asking for one more hand in their efforts – this time, from…
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Report Accuses IRS Of Encouraging Illegal Immigrants To File Using False Info, Identity Fraud
Last week, a television news station in Indiana ran an exposé allegedly revealing a new kind of identity fraud aimed at taxpayers. The report alleged that illegal immigrants were using stolen Social Security Numbers for tax-related purposes and not only does the Internal Revenue Service (IRS) know about the fraud, there is a “secret IRS…
