News / IRS

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

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

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

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

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

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

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

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

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

Source: irs.gov - Sep 4, 2014

IRS Summertime Tax Tip 2014-23, August 25, 2014 Are you, your spouse or a dependent heading off to college? If so, here’s a quick tip from the IRS: some of the costs you pay for higher education... Read more >

Category: IRS

Source: accountingtoday.com - Aug 27, 2014

The Internal Revenue Service recovered $576 million in erroneously issued tax refunds last year thanks to outside tips provided by financial institutions and other sources such as tax preparers,... Read more >

Category: IRS

Source: usatoday.com - Aug 25, 2014

WASHINGTON (AP) — Taxes? Who wants to think about taxes around Labor Day? But if you count on your tax refund and you're one of the millions getting tax credits to help pay health insurance... Read more >

Category: IRS

Source: newsmax.com - Aug 25, 2014

Many people who received tax credits to pay for their Obamacare coverage won't get income tax refunds or will see much smaller refunds than expected, USA Today reports. Worse still, noted George... Read more >

Category: IRS

Source: irs.gov - Aug 15, 2014

IR-2014-81, Aug. 13, 2014 WASHINGTON — The Internal Revenue Service and the Treasury Inspector General for Tax Administration continue to hear from taxpayers who have received unsolicited calls... Read more >

Category: IRS

Source: accountingtoday.com - Aug 12, 2014

The Internal Revenue Service has expanded its awards to whistleblowers, allowing tipsters to claim a potentially greater share of the proceeds the IRS collects on extra tax revenue. The final... Read more >

Category: IRS