IRS
Former NY Doctor Gets 8 Years for $36M IRS Scam
A former Potsdam orthodontist was sentenced Monday to more than eight years in federal prison for trying to cheat the Internal Revenue Service out of $36 million.
Early Discount Offered for 2014 IRS Tax Forums
Registration for the 2014 IRS Nationwide Tax Forums is now open for enrolled agents, certified public accountants, certified financial planners and other tax professionals. Those who sign up by the pre-registration date will save $130 per attendee off the on-site price.
Tax Refunds Up and More Americans Filing on Home Computers
Even with the 10-day delay to this year's income tax filing season, the IRS has issued more in tax refunds compared to this point last year and more U.S. taxpayers used their home computers to file their returns, according to a report published today by the Treasury Inspector General for Tax Administration (TIGTA), which oversees the IRS.
What Taxpayers Should Do if They Missed the April 15 Deadline
It's the day after, and for some American taxpayers, there may be a lingering question... What can they do if they missed yesterday's April 15 deadline to file their income tax return and also didn't file an extension.
April 15 – Failing to File Taxes Can be Painful
By law, the IRS can assess penalties to taxpayers for failing to file a tax return and for failing to pay taxes. But the failure-to-file penalty is generally higher than the failure-to-pay penalty.
Is the IRS Doing Enough to Combat Identity Theft?
But with income tax refund identity theft rapidly becoming a scourge, is the less than 300 cases for 2014 keeping up or even putting a dent in the epidemic? After all, in 2013 alone, there were 33,000 claims of identity theft just in Florida, one of the hardest hit states because of the abundance of residents who are at higher risk, particularly the elderly and immigrants.
What Documents Taxpayers Should Keep After Filing Their Tax Return
In general, taxpayers should keep a copy of their tax returns and supporting documents -- everything from receipts for charitable donations to mileage logs to paperwork showing payments for mortgage interest and property taxes -- for a minimum of three years from the tax-filing deadline.
More Americans are Saving Income Tax Refunds
April 15 is a day away and for the millions of American taxpayers who expect or have already filed and received a refund there's some surprising news. More than two thirds have decided to save their refund.