News / IRS

Source: forbes.com - Aug 23, 2016

With back to school season in full swing, the Internal Revenue Service (IRS) has issued a new warning for taxpayers to be particularly vigilant for scammers looking for opportunities to take... Read more >

Category: IRS

Source: people.com - Aug 17, 2016

For U.S. athletes, winning an Olympic medal comes with pride, glory – and a hefty tax bill. According to TIME, Michael Phelps could leave Rio owing up to $55,000 in income taxes. That's because... Read more >

Category: IRS

Source: accountingtoday.com - Jun 22, 2016

The Internal Revenue Service is missing out on imposing approximately $21.6 million in penalties on taxpayers who are denied entry or withdraw from its Offshore Voluntary Disclosure Program,... Read more >

Category: IRS

Source: irs.gov - May 24, 2016

IR-2016-77, May 19, 2016 WASHINGTON — May is National Military Appreciation Month, and the Internal Revenue Service wants members of the military and their families to know about the many tax... Read more >

Category: IRS

Source: irs.gov - May 24, 2016

IR-2016-79, May 20, 2016 WASHINGTON — The Internal Revenue Service on Wednesday will hold a free online, web-based information session to assist U.S. overseas taxpayers in understanding their... Read more >

Category: IRS

Source: thinkadvisor.com - Apr 2, 2016

As tax day approaches, there’s often a scramble to find just one more tax deduction to lighten the burden on the bottom line. While leaving the search till the last minute is definitely not the... Read more >

Category: IRS

Source: bloomberg.com - Mar 29, 2016

Your dental surgery. Your colonoscopy. Your income taxes. There's always a massive bout of procrastination across the U.S. in the weeks leading up to Tax Day, which is April 18 this year. This... Read more >

Category: IRS

Source: theweeklychallenger.com - Mar 29, 2016

Even though it’s common knowledge that tax day is April 15 (April 18 for filing 2015 taxes in 2016), many people wait until the last minute to file their income taxes. According to the Internal... Read more >

Category: IRS

Source: nbcnews.com - Mar 25, 2016

by Martha C. White Should you be worried about the dreaded "nanny" tax? While the growing gig economy implicitly treats service providers as independent contractors, families who hire people to... Read more >

Category: IRS

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

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

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

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

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

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