News

Half of Free E-File Services Don’t Protect Consumers Enough: Audit

Source: accountingtoday.com - Feb 26, 2016

Six of 13 IRS-approved free e-filing services Web sites failed in taking steps to help protect consumers from fraudulent and malicious e-mail, according to a recent audit. The Online Trust... Read more >

Category: General Business

Louisiana hit with credit rating downgrade, blow to state

Source: washingtontimes.com - Feb 26, 2016

BATON ROUGE, La. (AP) - Louisiana’s credit rating was downgraded for the first time in more than a decade Thursday, in response to years of budget instability that have left public colleges and... Read more >

Category: General Business

Louisiana House votes to raise sales tax, cut budget -- but it's not enough

Source: nola.com - Feb 26, 2016

The Louisiana House of Representatives managed to move forward four key pieces of legislation for resolving the state's immediate budget crisis Thursday (Feb. 25). But state lawmakers still have a... Read more >

Category: Louisiana

Ticket to a Tax Audit: $1 Million IRS auditors increasingly focus on those making more than $1 million, 2015 data show

Source: wsj.com - Feb 26, 2016

The sum of $1 million doesn’t go as far as it used to. But increasingly, it is enough to get you special attention from Uncle Sam. The Internal Revenue Service continued to ramp up its focus on... Read more >

Category: IRS

Kim Kardashian And Kanye West File Taxes Separately, Should You?

Source: forbes.com - Feb 17, 2016

With $53 million in debt, Kanye West may want funds from any source these days. Whether it comes from the $1 billion he requested from Mark Zuckerberg, from Google’s Larry Page, or even... Read more >

Category: IRS

IRS Taxpayer Advocate Service Employee Pleads Guilty to Identity Theft

Source: accountingtoday.com - Feb 16, 2016

An Internal Revenue Service employee who worked for the Taxpayer Advocate Service, where her job was to help taxpayers resolve their identity theft problems, pleaded guilty to stealing identities... Read more >

Category: IRS

Don't Fall for These IRS Scams

Source: nasdaq.com - Feb 16, 2016

About a year ago, I got a phone call from a frantic client. The Internal Revenue Service had called to tell her she was under investigation for tax fraud and that a warrant had been issued for her... Read more >

Category: IRS

IRS looking for tax fraud cases

Source: philly.com - Feb 16, 2016

Criminals plan for tax season, just as their victims do. Gregory Floyd is assistant special agent in charge of the IRS Criminal Investigations Division office in Philadelphia, which does the... Read more >

Category: IRS

Obama urges doubling tax credit for low-income childless workers

Source: reuters.com - Feb 13, 2016

Feb 9 U.S. President Barack Obama on Tuesday proposed expanding the earned income tax credit (EITC), which helps low-income taxpayers, to give a bigger boost to childless people. Some Republicans... Read more >

Category: IRS

The IRS Says Identity Thieves Hacked Its Systems Again

Source: fortune.com - Feb 11, 2016

Identity thieves attempted to breach computer systems at the Internal Revenue Service to file fraudulent tax refunds. The criminals were especially after E-file PINs, which are used by some... Read more >

Category: General Business

IRS computer problems shut down e-file system

Source: usatoday.com - Feb 4, 2016

The Internal Revenue Service suffered a "hardware failure" on Wednesday afternoon, which left many of its tax processing systems unavailable Wednesday night, the agency announced in a statement.... Read more >

Category: IRS

California Taxes Will Eat Up All Of Cam Newton's Super Bowl Earnings

Source: forbes.com - Feb 3, 2016

Remember when Peyton Manning paid New Jersey nearly $47,000 in taxes two years ago on his Super Bowl earnings of $46,000? Manning has nothing on the state taxes facing Carolina Panthers quarterback... Read more >

Category: IRS

New Tax Fraud Safeguards May Mean Delays in Getting Refunds

Source: nbcnews.com - Jan 25, 2016

The IRS, state authorities and the tax preparation industry have joined together to combat identity thieves rushing to file their bogus state and federal returns in your name while you're still... Read more >

Category: IRS

9 tax increases Gov. John Bel Edwards proposes for Louisiana consumers

Source: nola.com - Jan 25, 2016

Nine of the items included in Gov. John Bel Edwards' menu of tax options released earlier this week would affect consumers, rather than the corporate community, and are meant to go into effect as... Read more >

Category: Louisiana

John Bel Edwards proposal would push Louisiana's average sales tax rate to highest in the country

Source: nola.com - Jan 22, 2016

Louisiana would have the highest combined state and average local sales tax rate in the country if Gov. John Bel Edwards' proposed budget changes go through next month. At 9.1 percent, Louisiana... Read more >

Category: Louisiana