News

Tax-Refund Fraud Soaring, Little IRS Can Do

Source: nbcnews.com - Feb 12, 2015

Tax-refund fraud is expected to soar again this tax season, and hit a whopping $21 billion by 2016, from just $6.5 billion two years ago, according to the Internal Revenue Service. And the... Read more >

Category: IRS

Small business owners forced to battle IRS over seized bank accounts

Source: foxnews.com - Feb 12, 2015

Andrew Clyde, a Navy veteran who served in Iraq, started his small firearms store in Athens, Ga., in the 1990s. Over the years, he watched his business grow. And then, on April 12, 2013, two IRS... Read more >

Category: IRS

Tax Season Opens As Planned Following Extenders Legislation

Source: Okay, folks...electronic filing begins on 01 - Dec 30, 2014

IR-2014-119, Dec. 29, 2014 WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled... Read more >

Category: General Business

IRS chief: Budget cuts to freeze hiring, cut enforcement

Source: politico.com - Dec 19, 2014

12/17/14 5:52 PM EST The IRS will freeze hiring and stop overtime as a result of the budget cuts just passed by Congress, according to an email obtained by POLITICO. IRS Commissioner John... Read more >

Category: General Business

IRS Commissioner Predicts Miserable 2015 Tax Filing Season

Source: forbes.com - Dec 19, 2014

Internal Revenue Service Commissioner John Koskinen warned that close to half the people trying to reach the IRS by phone might not get through during the upcoming 2015 tax filing season. “Phone... Read more >

Category: IRS

Louisiana Tax Amnesty 2014 gives relief for delinquent taxpayers

Source: fox8live.com - Oct 16, 2014

BATON ROUGE, LA (WAFB) - Louisiana Tax Amnesty 2014 will be held from Oct. 15 through Nov. 14, 2014. The 30-day tax amnesty program offers noncompliant taxpayers the opportunity to settle their... Read more >

Category: Louisiana

Man Sentenced to One Year in Prison for Threatening to Kill IRS Agent and Family

Source: accountingtoday.com - Oct 8, 2014

A Rhode Island man has been sentenced to 12 months and one day in prison for threatening to assault and murder an Internal Revenue Service agent and his family. U.S. District Court Chief Judge... Read more >

Category: IRS

IRS Chief Warns Congress about Possible Delay to Tax Season from Unresolved Tax Extenders

Source: accountingtoday.com - Oct 8, 2014

Washington, D.C. (October 7, 2014) By Michael Cohn Internal Revenue Service commissioner John Koskinen has written a letter to the leaders of Congress’s main tax committees urging them to... Read more >

Category: IRS

Personal income in Louisiana grows by $1.9 billion in second quarter

Source: nola.com - Sep 30, 2014

Personal income in Louisiana increased by 1.7 percent, or $1.9 billion, during the second quarter of 2014, according to data released Tuesday by the U.S. Department of Commerce. Louisiana's... Read more >

Category: Louisiana

IRS Missing Opportunities To Collect Delinquent Taxes: TIGTA

Source: tax-news.com - Sep 30, 2014

The United States Internal Revenue Service may be missing opportunities to collect delinquent taxes because it is not always completely researching cases before closing them as uncollectible,... Read more >

Category: IRS

Tax-filing and Payment Extensions Expire Oct. 15; Check Eligibility for Overlooked Tax Benefits; Choose E-file; E-pay with New Direct Pay

Source: irs.gov - Sep 30, 2014

IR-2014-93, Sept. 30, 2014 WASHINGTON — The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax... Read more >

Category: IRS

IRS Warns Financial Institutions of Scams Designed to Steal FATCA-Related Account Data

Source: irs.gov - Sep 30, 2014

IR-2014-92, Sept. 24, 2014 WASHINGTON — The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act... Read more >

Category: IRS

Tax refunds will be cut for ACA recipients

Source: usatoday.com - Sep 22, 2014

A significant benefit of the Affordable Care Act is the opportunity to receive money-saving tax credits up front to cut the overall cost of health insurance, but now hundreds of thousands of... Read more >

Category: IRS

Website ranks New Orleans and Baton Rouge among top cities for Hispanic entrepreneurs

Source: nola.com - Sep 10, 2014

New Orleans has the 14th best climate for Hispanic entrepreneurs, according to a study by the WalletHub personal finance website. Baton Rouge ranked 9th. The report used data from the Census, U.S.... Read more >

Category: General Business

Angel investor group launching a second campaign to back Southeast Louisiana startups

Source: nola.com - Sep 10, 2014

The group that says it started the first angel fund for investing in upstart businesses in Southeast Louisiana has announced it will launch a second campaign to continue backing early stage... Read more >

Category: General Business