It has come to light through recent audits of the Internal Revenue Service (IRS) by the Treasury Inspector General for Tax Administration (TIGTA), that the IRS is utilizing an internal coding of an “Illegal Tax Protester” or “Constitutionally Challenged” to...
Future small businesses and self-employed individuals under audit should now be aware of this one, as it will hang all the laundry out there, hopefully the laundry is clean. The IRS is now beginning to request that businesses provide an...
The IRS Treasury Inspector General has come to the conclusion that greater controls are needed over all refundable tax credits, in light of three internal audits that discovered the current IRS system “allowed potentially erroneous refunds of more than $513...
WASHINGTON, DC (March 28, 2011) : Taxpayers beset by the proliferation of scam artists purporting to offer help in reconciling taxes owed and issues with the IRS have a new watchdog on their side. Leading providers of tax resolution service...
If you file a joint return with your spouse, and all or part of your refund is applied against your spouses’ past-due income tax, child or spousal support, or student loan, you may be entitled to injured spouse relief, and...
In an effort to help more struggling taxpayers, the IRS has announced that they will be focusing more on helping individuals and small businesses meet their tax obligations, past and present, by implementing new policies and programs to help taxpayers...
As IRS audits heat up this year, there are a few things you want to make sure you are definitely aware of and prepared for, because results show that IRS audits are wrong between 60% and 90% of the time....
The Minnesota Attorney General, Lori Swanson, has filed a suit against Houston based TaxMasters “tax relief” company that advertises heavily on television, radio, and the Internet, for alleged fraud and deceptive practices and overstating the tax help it will provide...
The recent tax cuts passed this week by the House and Senate, and to be signed by President Obama today, will implement a payroll tax cut reducing the Social Security tax withholding rate from 6.2% to 4.2% of wages paid....
Prisoners across the nation have received over $112 Million in fraudulent tax refund claims, and a watchdog report says the numbers are probably much higher. The number of fraudulent payments to inmates has risen 37% since 2004. According to the...
