Blogs

Identity theft is being conducted not only by gangs, but by seemingly unlikely people, such as store owners. A Washington D.C. barbershop owner was found guilty conducting an elaborate identity theft and tax fraud scheme. He and his accomplices stole the tax identities of deceased taxpayers, drug addicts, and others to file more than 7,000... Continue reading →

“The queen of the IRS tax fraud,” Rashia Wilson, was found to have filed 220 false tax returns during 2009 to 2012. She received $1.3 million in false refunds from the IRS. With time, she grew so confident that she even posted a picture of herself on Facebook with bundles of cash and brazenly called... Continue reading →

Tax fraud is growing in spite of efforts made by the IRS and law enforcement agencies. In a recently busted fraudulent tax filing scheme, it was discovered that tax fraudsters were also using false tax credits to get refundable tax credits.A refundable tax credit not only reduces a tax liability to zero, but it can... Continue reading →

A report by the U.S. Treasury Department’s Inspector General for tax administration says tax fraud of false tax returns filed by prison inmates have more than doubled in the last two years. In 2012, the IRS detected more than 173,000 false tax returns filed by prison inmates. In that same year, the IRS stopped prison... Continue reading →

The IRS gets fraudulent tax returns from prison inmates every year, and it’s not in the hundreds, but thousands. In 2012, the IRS spotted more than 173,000 fraudulent tax returns from prison inmates. That number has doubled in the last two years. A report released by the US Treasury Department’s Inspector General for tax administration... Continue reading →

Those who received a lighter paycheck this year and those who expected a decrease in pay because of an increase in payroll taxes are sharing their concerns on and offline. Families earning $50,000 a year will see around $40 less in their monthly paychecks. Though the amount may not seem significant, it can affect the... Continue reading →

Everybody is unhappy with increased payroll taxes; those who have received a lighter paycheck are more so. For a family earning $50,000 a year, the new taxes would mean a reduction of about $40 per month. Although it does not seem like a large amount, it does mean less money to spend.Taxpayers are complaining about... Continue reading →

Everybody eagerly waits for their refunds to reach them. Now, you no longer need to wait in the dark. The IRS has improved Where’s My Refund? an online tool where you can check the status of your refund. You can now check when your tax return reached the IRS, when your refund was approved and... Continue reading →

 At last, there is some good news regarding taxes. The IRS has introduced new features toWhere’s My Refund? Now, taxpayers can check when their tax return is received by the IRS, when their refund is approved and when it will be sent to them. This year too, taxpayers can expect to receive their tax refunds... Continue reading →

If you are expecting a tax refund in 2013, the IRS has good news for you. First, your tax refund will probably reach you in less than 21 days. Second, you will be able to check the status of your tax refund online through Where’s My Refund?The IRS announced that it issued more than 9... Continue reading →